Renergen Begins Commercial Production of Liquid Helium in South Africa
South African natural gas and helium producer Renergen has officially commenced commercial sales of liquid helium, marking a significant milestone in the region’s energy sector. The company successfully achieved cooling temperatures of -269°C on March 13, paving the way for helium liquefaction. The first commercial sale followed on March 14, with plans to routinely fill […]
First Green Hydrogen Produced in Sub-Saharan Africa Using Chinese Electrolysers
HyIron’s Oshivela project in Namibia has successfully produced the first batch of green hydrogen in sub-Saharan Africa, utilizing 12MW of electrolyser capacity supplied by China’s Peric. The plant is designed to use hydrogen to directly reduce iron ore into sponge iron, which can subsequently be processed in an electric arc furnace to produce steel. This […]
FG to Inject N400 Billion into Gas Infrastructure Development
The Federal Government of Nigeria is set to release an additional N400 billion for gas infrastructure projects within the next two weeks, according to the Minister of Petroleum Resources (Gas), Hon. Ekperikpe Ekpo. Speaking at the groundbreaking ceremony for a 10MMSCF/D Compressed Natural Gas (CNG) Mother Station facility in Esit Eket, Akwa Ibom State, Ekpo […]
Oando Plc’s Market Value Declines to N600 Billion Amid Sell-Off
Oando Plc has seen a steep decline in its market valuation, plummeting by approximately 51% from its peak on the Nigerian Exchange, following increased sell-off activity. The company’s total market capitalization now stands at N600.431 billion, significantly lower than its previous valuation of N1.223 trillion in 2024 when the company released its delayed earnings report. […]
Akrake Pushes for Resumption of Drilling at Sèmè Oilfield Offshore Benin
Rex International Holding anticipates the recommencement of drilling activities later this year at the shallow-water Sèmè Field, located in Block 1 offshore Benin. Akrake Petroleum Benin, in which Rex International indirectly holds an 80.14% stake, has scheduled the drilling of a vertical exploration and appraisal well by mid-2025. The objective is to evaluate multiple reservoirs […]
Woodside Declines Offshore Namibia Farm-In Opportunity
Woodside Energy has decided not to proceed with farming into Petroleum Exploration License 87 (PEL 87) in the Orange Basin, offshore Namibia. The decision means that Pancontinental Orange Pty Ltd. will retain its position as the operator of PEL 87 with a 75% interest, alongside partners Custos Investments (15%) and Namibia’s state-owned oil company, NAMCOR […]
Vitol Expands Upstream Operations with Stakes in ENI’s Congo and Côte d’Ivoire Assets
Global commodities trading giant Vitol has reached an agreement with Italian energy company ENI to acquire interests in key oil and gas assets in Côte d’Ivoire and the Republic of Congo. The deal, valued at $1.65 billion as of January 1, 2024, will be finalized with standard cash adjustments upon closing. Key Details of the […]
Global Gas Escalates Legal Battle Over Shell’s $2.4 Billion Divestment
The $2.4 billion divestment of Shell Petroleum Development Company of Nigeria Limited (SPDC) to Renaissance Africa Energy Holdings has sparked a legal dispute, as Global Gas & Refining Limited (GGRL) intensifies its efforts to challenge the transaction. Global Gas has accused Shell and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) of violating a Federal High […]
Dangote Refinery Halts Sale of Petroleum Products in Naira, Cites FX Mismatch
Dangote Petroleum Refinery has temporarily suspended the sale of petroleum products in Naira, citing a misalignment between its revenue streams and crude oil purchase obligations, which are denominated in U.S. dollars. In a statement released on March 19, 2025, the company explained that its sales in Naira had exceeded the value of Naira-priced crude oil […]
Nigerian Indies: ‘To Whom Much is Given, Much is Expected’ – Olu Verheijen
Olu Verheijen, Special Adviser to Nigeria’s President Bola Tinubu on Energy, has emphasized the government’s high expectations from indigenous oil operators who have recently acquired assets previously owned by Shell and ExxonMobil. Speaking in an interview with Africa Oil+Gas Report in Abuja, Verheijen clarified that these transactions should be seen as acquisitions rather than divestments. […]
