Angola’s First Major Gas Discovery Could Anchor Its $150 Billion Strategy Angola has made a significant breakthrough in its fossil fuel diversification efforts with the discovery of a major natural gas reserve. Azule Energy—a joint venture involving BP, Eni, and a consortium of Angolan companies—drilled the country’s first dedicated gas exploration well in the Lower…
Oil prices slip as investors weigh trade war impact Oil prices dipped on Wednesday, weighed down by investor concerns over the growing threat of a global trade war, despite encouraging signals from China’s crude consumption. The market saw a decline of nearly one percent, with Brent crude futures falling to $68.08 per barrel and U.S….
Dangote Plans Deep-Sea Port to Boost Fertilizer and LNG Exports Alhaji Aliko Dangote, Africa’s richest man, is moving forward with plans to build a deep-sea port near his fertilizer and refinery plants, a move aimed at strengthening Nigeria’s export capacity and supporting the growing reach of his industrial empire. In an interview granted in Lagos,…
NMDPRA Reforms Attract $1.2 Billion Modular Refinery Investments, Cut Fuel Smuggling by 35 Percent, Says DAPPMAN The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has received strong commendation from the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) for attracting $1.2 billion in modular refinery investments since 2022. According to DAPPMAN, this achievement…
Akwa Ibom Secures $3.5bn Gas Investment Deal with NNPC, GACN to Boost Industrialization Akwa Ibom State has signed a landmark $3.5 billion gas development agreement with the Nigerian National Petroleum Company Limited (NNPC) and the Gas Aggregation Company of Nigeria (GACN), marking a major milestone in Nigeria’s domestic gas utilization drive. The Memorandum of Understanding…
NMDPRA Reduces Fuel Smuggling by 35%, Says DAPPMAN The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has commended the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) for significantly reducing cross-border fuel smuggling by 35 percent through enhanced anti-smuggling measures. In a statement issued on Monday and signed by its Executive Secretary, Olufemi…
Sights Restored as Over 2,000 Benefit from NNPC/Shell ‘Vision First’ Outreach in Lagos Hope was restored for many residents of Mushin in Lagos as more than 2,000 individuals received free eye care during the latest edition of the Vision First initiative—a collaborative healthcare outreach organized by the Nigerian National Petroleum Company Limited (NNPC) and Shell…
NCDMB Sensitizes Stakeholders on Compliance and Revised Finance Scheme The Nigerian Content Development and Monitoring Board (NCDMB) recently held a two-day sensitization programme aimed at educating stakeholders on the compliance certificate process, the upgraded Nigerian Content Development Fund (NCDF), the enhanced payment portal, and the revised community contractor finance scheme. Speaking at the event, NCDMB…
Renaissance CEO seeks PIA review, applauds regulatory progress Lagos, Nigeria | July 10, 2025 – Managing Director and CEO of Renaissance Africa Energy Company Limited, Tony Attah, has called for a review of the Petroleum Industry Act (PIA) to align with current economic and sector realities. Speaking on the theme “Nigeria Oil and Gas: From Reforms…
Amcorp Group Announces Strategic Partnership with Brevity Anderson to Expand Operations into Africa Amcorp Group Ltd, a UK-owned global manufacturing and solutions provider, has announced a strategic partnership with Brevity Anderson, an Africa-focused consultancy and project development firm. This collaboration marks a pivotal moment in Amcorp Group’s global expansion efforts, as the company officially enters…
