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… +
High-level leaders from the U.S., Saudi Arabia, South Korea, South Africa and the EU will convene in Busan next week to advance clean cooking solutions, with a focus on scaling LPG infrastructure and strengthening U.S.–Africa collaboration The U.S. Department of Energy (DOE) is taking a leadership role at the upcoming… +
The Treaty on Plastics poses significant harm for oil and gas producing nations in Africa and stands to stifle economic and industry growth across the continent The second part of the fifth session of the Intergovernmental Negotiating Committee on the Treaty on Plastics is currently being held in Geneva, Switzerland,… +
The Texas Senator’s participation at African Energy Week 2025: Invest in African Energies signals U.S. focus on energy diplomacy and investment across Africa’s oil and gas frontiers African Energy Week (AEW): Invest in African Energies, the continent’s premier energy event, is set to welcome U.S. Senator Ted Cruz as a… +
The financing alleviates initial operational expenditures and enhances DIL’s balance sheet, supporting its continued growth trajectory African Export-Import Bank (Afreximbank) (www.Afreximbank.com) is pleased to announce the signing of a US$1.35 billion financing facility in favour of Dangote Industries Limited (DIL). The facility is part of a larger approximately US$4 billion… +
With our LPG production of 2,500 tons per day, we’re working to encourage more homes to increase the LPG consumption frica’s richest man, Aliko Dangote, has announced that Nigerians will soon have the opportunity to own shares in his multibillion-dollar refinery, a move aimed at expanding local participation in the… +
