Nigeria Expands LPG Fleet as Tinubu Commissions MT Iyaloja in South Korea to Boost Clean Energy Access President Bola Ahmed Tinubu has reaffirmed Nigeria’s readiness to provide clean and sustainable energy solutions at home, across Africa, and globally. The President made this known while commissioning a 40,000 cubic meter (CBM) Liquefied Petroleum Gas (LPG) carrier, MT Iyaloja (Lagos), at a ceremony in Ulsan, South Korea. The vessel, owned by WAGL Energy Limited—a joint venture between
OPEC+ Boosts Oil Production by 547,000 Barrels Daily from September 2025 — What This Means for Angola’s Oil IndustryThe Organization of the Petroleum Exporting Countries and its allies (OPEC+) announced on Sunday a decision to increase oil supply by 547,000 barrels per day, effective from September 1, 2025. This move comes amid a globally stable economic outlook, with eight participating countries agreeing on the production adjustment in a virtual meeting. The decision was made by
Angola’s Sonangol to Launch 30% IPO to Fund Exploration and Strengthen Energy Sector Angola’s state-owned oil giant Sonangol has reaffirmed its commitment to proceed with an Initial Public Offering (IPO) that will make 30% of its shares available to investors. The move is aimed at raising capital to advance exploration and production projects, as part of broader government efforts to transform Sonangol into a more competitive upstream player. Initially scheduled for 2022, the IPO process
ENH Plans Shift to Operator Role in Mozambique’s Oil and Gas Sector Maputo — The National Hydrocarbons Company (ENH) is preparing to transition from its traditional role as a minority partner in Mozambique’s oil and gas projects to a full-fledged operator, aiming for greater leadership in exploration and production. The strategic shift was a key focus of a board retreat held since Friday in Ponta do Ouro, Matutuine district, Maputo province. The meeting brought together
Mozambique, TotalEnergies in Final Talks to Restart $20B LNG Project and Unlock 17 LNG Carrier Orders Maputo — Negotiations between Mozambique and TotalEnergies to restart the long-delayed liquefied natural gas (LNG) megaproject have reached their final phase, raising expectations for long-awaited LNG carrier orders from South Korea’s HD Hyundai Samho Heavy Industries and Samsung Heavy Industries. The Mozambique LNG project — the largest foreign investment in African history — was halted in 2021 after TotalEnergies
India to Import Over 2 Million Barrels of Nigerian Crude in 2025 as Refiners Shift from Russian Oil India’s state-owned refineries are increasingly turning to Nigerian crude oil to meet their supply needs, signaling a notable shift in global energy trade patterns. Over two million barrels of Nigerian oil are expected to arrive in India between September and October 2025, driven largely by US political pressure on India to reduce its dependence on Russian crude.
Nigerian Upstream Petroleum Regulatory Commission to Release 220 Oil Blocks Including 59 Deep Offshore for Bidding The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced plans to award 220 open oil blocks across Nigeria’s onshore and offshore basins after completing periodic bid rounds and meeting necessary conditions. According to NUPRC data, the largest share of unlicensed blocks is in the deep offshore terrain, with 59 blocks available. The Benue Trough follows with 41 open blocks,
Dangote Petroleum Invests ₦720 Billion in 4,000 CNG Trucks to Cut Fuel Costs and Boost Nigeria’s Energy Efficiency Dangote Petroleum Refinery has begun receiving 4,000 Compressed Natural Gas (CNG) trucks in phases as part of its ambitious plan to launch a nationwide petroleum product distribution network. This logistics initiative aims to transform fuel distribution across Nigeria by lowering costs, improving efficiency, and delivering direct benefits to consumers. In June, Dangote announced it was investing over
President Lourenço Announces September Inauguration of Cabinda Refinery and Revival of Lobito Refinery ProjectPresident João Lourenço has announced that the Cabinda Refinery will be inaugurated in September and confirmed the long-awaited resumption of the Lobito Refinery project after years of delay. Speaking in Benguela at the opening of the 5th Edition of the Fair of Municipalities and Cities of Angola, the president emphasized that these two major infrastructure projects will significantly reduce Angola’s dependence on
Rex Begins Sèmè Field Drilling in Benin with Borr Gerd Rig, Targeting 15,000 BOPD by Q4 2025 Rex announced that Akrake Petroleum has spudded the first well in the Sèmè field, located in Block 1 off the coast of Benin, on August 4. The drilling, carried out with the Borr Gerd jack-up rig, marks the start of a 100-day, three-well campaign to redevelop the historic field in phases. In April, Rex selected the 2018-built Gerd
