EACOP Secures Initial External Financing
The East African Crude Oil Pipeline (EACOP), a 1,443-kilometer-long pipeline linking Uganda’s oilfields to international markets via Tanzania’s Port of Tanga, has successfully secured its first tranche of external financing. This marks a significant step in the project’s development. Key financiers include Standard Bank Limited (South Africa), Stanbic Bank (Uganda), KCB Bank (Uganda), and the […]
How Nigeria’s $20B Refinery Disrupts European Markets
Two months ago, Nigeria’s beleaguered energy sector witnessed a very significant event: the Dangote Oil Refinery began producing gasoline and selling it domestically to Nigeria’s state oil firm, Nigerian National Petroleum Company (NNPC), marking the first time in decades Africa’s largest oil producer is refining its own crude. The state-of-the-art $20.5 billion refinery was launched in […]
Mozambique LNG Secures $4.7 Billion US EXIM Bank Loan
A major liquefied natural gas (LNG) project in northern Mozambique has received a long-awaited $4.7 billion direct loan from the Export-Import Bank of the United States (EXIM). The loan will support the procurement, engineering, and construction of the Afungi Peninsula-based LNG plant and associated offshore infrastructure. Jim Cruse, Acting President of EXIM, confirmed the bank’s […]
MODEC Assigns FPSO Revamp Project to Drydocks World
Dubai-based marine and offshore services provider Drydocks World has been selected by Japan’s MODEC Management Services to carry out refurbishment and life extension works for the FPSO Baobab Ivoirien. The vessel, which previously operated at the Baobab field offshore Côte d’Ivoire, ceased production on January 31, 2025, to facilitate its transfer to Dubai for maintenance. […]
Nigeria Faces Risk of Market Isolation Due to Naira-for-Crude Policy, Warns DAPPMA
The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has cautioned the Federal Government about the potential economic risks associated with the Naira-for-crude oil transaction policy. According to Olufemi Adewole, the Association’s Executive Secretary, the policy could negatively impact Nigeria’s foreign exchange stability and deter Foreign Direct Investment (FDI), ultimately isolating the country from […]
Eni Achieves Major Milestone with Ninth LNG Cargo from Republic of Congo
Global energy company Eni has successfully launched its ninth LNG cargo from the Republic of Congo, marking a significant milestone in its operations. This achievement brings the company’s total LNG production and export from the Congolese market to one million cubic meters. The announcement was made on March 25 during the opening ceremony of the […]
Angola Boosts Capacity Building in Oil and Gas Industry
Angola is actively investing in capacity-building initiatives to strengthen its oil and gas sector, enhance local participation, and support long-term industry growth. Industry-Led Programs: Major multinational companies are playing a role in Angola’s workforce development. ExxonMobil, for example, launched the Africa STEM Program in 2024 as part of a $300 million initiative benefiting 3,000 students […]
Port Harcourt Refinery Fully Operational, Says NNPC
The Nigerian National Petroleum Company Limited (NNPC) has confirmed that the Port Harcourt Refining Company (PHRC) is fully operational following extensive rehabilitation efforts. NNPC’s Chief Corporate Communications Officer, Olufemi Soneye, made this statement on Wednesday, emphasizing that the refinery continues to produce refined petroleum products that meet industry specifications. “The Nigerian National Petroleum Company Limited […]
DOF Group Secures Major Subsea Contract, Deploys Six Vessels to Africa
Norwegian offshore supply vessel operator DOF Group has landed a substantial subsea umbilical, riser, and flowline (SURF) contract for an undisclosed energy company offshore Africa. As part of this high-value project, DOF will manage project execution, engineering, logistics, and the installation of flexible flowlines, risers, cables, and associated subsea structures. The company is also tasked […]
Equatorial Guinea to Launch Major Oil and Gas Licensing Round for 2025/2026
Equatorial Guinea has relaunched its open-door licensing process for 2025, setting the stage for a significant oil and gas licensing round at the end of 2025 or early 2026. This move is part of the country’s broader strategy to attract investment, increase hydrocarbon production, and enhance its global competitiveness. Minister of Mines and Hydrocarbons, Antonio […]
