AFREXIMBANK LAUNCHES $3 BILLION ENERGY REVOLUTION TO TRANSFORM AFRICA’S OIL FUTURE
African Export-Import Bank has unveiled a groundbreaking $3 billion financing initiative set to revolutionize Africa’s petroleum landscape by transforming the Gulf of Guinea into a global refining powerhouse. The ambitious Revolving Intra-African Oil Trade Financing Programme aims to finance refined petroleum products purchased by African and Caribbean buyers exclusively from African refineries, creating an unprecedented […]
US TO BACK AFRICA’S MEGA GAS PIPELINE WITH POTENTIAL BILLIONS
In a major geopolitical energy shift, the United States has signaled strong interest in financially backing the ambitious Nigeria-Morocco Gas Pipeline, potentially injecting billions into what will become the world’s longest onshore gas pipeline. The groundbreaking announcement came Friday from Nigeria’s Finance Minister Wale Edun following high-level discussions between Nigeria’s Central Bank Governor and US […]
SOUTH SUDAN’S BLACK GOLD FLOWS AGAIN: CRUDE OIL REACHES PORT SUDAN AFTER YEAR-LONG CRISIS
In a major breakthrough for South Sudan’s struggling economy, crude oil has finally reached the marine terminal in Port Sudan and is ready for export to global markets. This development ends a year of economic hardship following the loss of PETRONAS, which previously handled a significant portion of the country’s oil production. “This is good […]
Welcome to a new Month
A new month is more than just a page on the calendar — it’s a fresh start, a renewed opportunity to chase dreams, correct mistakes, and embrace growth. It arrives with quiet hope, reminding us that time keeps moving, and with it, we too can move forward. This month, may we walk into each day […]
Afreximbank Launches Game-Changing $3 Billion African Oil Trade Facility
The African Export-Import Bank (Afreximbank) has unveiled an ambitious $3 billion Revolving Intra-African Oil Trade Financing Program designed to reduce the continent’s dependence on imported petroleum products. This groundbreaking initiative is projected to finance between $10-14 billion worth of intra-African petroleum trade, encompassing premium motor spirit, automotive gas oil, heavy fuel oil, kerosene, and jet […]
OFFSHORE REVOLUTION: AKRAKE SECURES CRITICAL CONTRACTS FOR BENIN OIL FIELD COMEBACK
Game-changing infrastructure deals set stage for production restart at offshore Sèmè Field later this year In a major breakthrough for West African oil production, Rex International Holding’s subsidiary Akrake Petroleum Benin has secured crucial contracts that will resurrect the dormant Sèmè Field offshore Benin. The landmark deals cover the supply of a mobile offshore production […]
4th Edition of the International African Energy, Oil and Gas Summit (IAEOG) Namibia 2025
Register now and be a part of a transformative experience that promises to shape the future of African Energy landscape. To register for the 4th Edition of the International African Energy, Oil and Gas Summit (IAEOG) Namibia 2025 with the Theme: Getting it Right, scheduled to hold from the 4th -10th of August 2025 in Namibia, you can visit our website https://www.iaeogs.com Registration […]
GEIL Starts Commissioning 750,000 Barrel Terminal, Receives Approval to Inject Hydrocarbon
Nigerian independent Green Energy International Limited (GEIL) has reached a significant milestone with the mechanical completion of its 750,000-barrel crude oil capacity onshore terminal, which is now entering the commissioning phase. This development follows approval from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to introduce crude into the facility, located in Otakikpo in eastern Nigeria. […]
57 Additional Ports to Receive LNG Bunkering Facilities by 2026
The maritime industry is experiencing a shift towards greener operations, with a notable increase in the adoption of liquefied natural gas (LNG) as a marine fuel. This transition is driving demand for LNG bunkering vessels and port infrastructure. By the end of 2026, an additional 57 ports are expected to be upgraded with LNG bunkering […]
NNPC Ltd Nears Public Listing
The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced that it is in the final stages of preparing for an Initial Public Offering (IPO) as part of its compliance with the Petroleum Industry Act (PIA) 2021. Olugbenga Oluwaniyi, NNPC Ltd’s Chief Finance and Investor Relations Officer, disclosed that the company is engaging potential partners […]