The Government of South Sudan has decided not to renew the exploration and production license held by Oranto Petroleum for Block B3, marking a turning point in the management of its strategic oil assets. The announcement was made by the South Sudanese Ministry of Petroleum following a performance review of… +
The transaction marks a major milestone for DPRP, Africa’s largest refinery and petrochemical complex with a capacity of 650,000 barrels per day African Export-Import Bank (Afreximbank) is pleased to announce that it has underwritten US$2.5 billion in the US$4-billion senior syndicated term loan in favour of Dangote Petroleum Refinery and… +
New discoveries in Ivory Coast and Angola reinforce Eni’s dual strategy of frontier exploration and near-field reserve growth in Africa Energy major Eni continues to deliver on its exploration drive in Africa, announcing two major hydrocarbon discoveries in February 2026. In Ivory Coast, the company successfully drilled the Murene South-1X… +
Caribbean Energy Week unites industry leaders from Suriname, Guyana, Trinidad and the region on March 30 – April 1, 2026, in Paramaribo, as Suriname prepares to become an oil producer in the coming years Caribbean Energy Week (CEW), a new three-day conference dedicated to driving resources investment and cooperation across… +
In response to ongoing tensions with fuel distributors, Dangote Petroleum Refinery and Petrochemicals Limited has halted direct sales at its terminal as of September 18, 2025. The move is intended to streamline distribution by prioritizing the refinery’s own free delivery program. A Strategic Decision for More Efficient Distribution The refinery… +
A virtual meeting of the eight members of the Organization of the Petroleum Exporting Countries (OPEC+), held on September 7, 2025, resulted in a decision to adjust their oil production. Starting in October 2025, these countries will increase production by 137,000 barrels per day. This measure is part of a… +
South Africans got a pleasant surprise on 3 September 2025 with falling petrol and diesel prices. Diesel dropped by 56 or 57 cents per litre, depending on its sulphur content, while petrol became 4 cents cheaper per litre. Why Have Prices Fallen?The Road Freight Association explains this decrease as the… +
Following a $100 billion, four-year energy agreement between South Korea and the United States, Nigeria could see its oil exports to Asia weaken. The deal, concluded during a state visit by the South Korean president, reinforces an already established trend: South Korea, already the largest Asian buyer of U.S. crude,… +
TotalEnergies has obtained a new exploration permit for a deepwater area off the coast of the Republic of Congo. This new block, called Nzombo, covers 1,000 km² and is located 100 km from Pointe-Noire, near the existing Moho facilities. The French oil company will operate the project with a 50%… +
Faced with development imperatives, Africa continues to prioritize fossil fuels despite promises of energy transition and the urgency of climate change. Oil, in particular, remains at the heart of the continent’s economic strategies, as reflected in the sharp increase in refining capacity expected by 2030. This orientation contrasts with the… +
