GEIL Starts Commissioning 750,000 Barrel Terminal, Receives Approval to Inject Hydrocarbon
Nigerian independent Green Energy International Limited (GEIL) has reached a significant milestone with the mechanical completion of its 750,000-barrel crude oil capacity onshore terminal, which is now entering the commissioning phase. This development follows approval from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to introduce crude into the facility, located in Otakikpo in eastern Nigeria. […]
57 Additional Ports to Receive LNG Bunkering Facilities by 2026
The maritime industry is experiencing a shift towards greener operations, with a notable increase in the adoption of liquefied natural gas (LNG) as a marine fuel. This transition is driving demand for LNG bunkering vessels and port infrastructure. By the end of 2026, an additional 57 ports are expected to be upgraded with LNG bunkering […]
NNPC Ltd Nears Public Listing
The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced that it is in the final stages of preparing for an Initial Public Offering (IPO) as part of its compliance with the Petroleum Industry Act (PIA) 2021. Olugbenga Oluwaniyi, NNPC Ltd’s Chief Finance and Investor Relations Officer, disclosed that the company is engaging potential partners […]
Petrol Prices Set to Drop in April
South African motorists may soon enjoy lower fuel prices as international oil prices decline and the local currency strengthens. Economic analysts predict that petrol prices could drop by approximately 85 cents per liter in April. Johann Els, Chief Economist at Old Mutual Group, estimated that current data suggests a petrol price decrease of around 85 […]
Uganda’s $5 Billion EACOP Pipeline Gains Financial Backing
EACOP Ltd has confirmed securing its first allocation of external financing from a group of financial institutions, including Standard Bank, Stanbic Bank Uganda, KCB Bank Uganda, and the Islamic Corporation for the Development of the Private Sector. Uganda’s Energy Minister Ruth Nankabirwa previously sought additional funding from Chinese financiers after Western banks, such as BNP […]
PETROAN Clarifies Dangote Refinery Fuel Transactions
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has stated that Dangote Refinery has not commenced selling petroleum products in U.S. dollars, contrary to speculation. Billy Gillis-Harry, PETROAN President, speaking on Arise Television, noted that members are still purchasing fuel in Naira, Nigeria’s local currency. While Dangote Refinery had announced a temporary suspension […]
AfDB Allocates $331 Million Investment in Lesotho
The African Development Bank (AfDB) has committed $331 million in investments to Lesotho, aimed at bolstering key sectors such as infrastructure and energy. This funding will support the development of energy transmission lines linking the Kingdom with South Africa, alongside initiatives in digital transformation, trade competitiveness, agricultural development, and water resource management. King Letsie III […]
Trans-Saharan Gas Pipeline Feasibility Study Underway
The 4,000-kilometer-long Trans-Saharan Gas Pipeline (TSGP) is set to undergo an updated feasibility study by international energy consultancy firm, Penspen. The study aims to assess the regional gas market from economic and financial perspectives to provide cost estimates. Additionally, it will include environmental and social evaluations, legislative and consultation reviews, risk analysis, and the development […]
South African Fuel Pricing: Navigating Global Economic Uncertainties
The current fuel pricing landscape in South Africa represents a microcosm of global economic complexities, where international geopolitical events, oil market fluctuations, and domestic economic considerations intersect in profound ways. The anticipated fuel price adjustments for April—with predictions of a petrol price decrease between 72 and 85 cents and diesel dropping around 93 cents—emerge from […]
Trans Niger Pipeline: Resilience Amidst Infrastructure Challenges
The recent blast and subsequent restoration of the Trans Niger Pipeline encapsulates the complex and often precarious nature of Nigeria’s oil infrastructure. This critical artery of Nigeria’s petroleum sector, spanning approximately 180 kilometers through the Niger Delta, represents more than just a transportation route—it is a lifeline of the nation’s economic ecosystem. The explosion on […]
