Dangote production disrupts EU refining – OPEC
The Organization of the Petroleum Exporting Countries (OPEC) said the Dangote Refinery has significantly reduced Nigeria’s reliance on imported European refined products. In its Monthly Oil Market Report published on January 15, 2025, OPEC highlighted that the shift could disrupt traditional gasoline flows, forcing international markets to seek alternative destinations for surplus volumes. “The ongoing […]
Dangote Fallout: Scotland’s only oil refinery to close next year, 400 jobs to go
Grangemouth, Scotland’s only oil refinery, is to close in 2025 with the loss of 400 jobs, operator Petroineos has said, according to Reuters, as part of plans to turn the 100-year-old plant into a fuels import terminal. Petroineos said last November it was preparing to shut down Grangemouth, Britain’s oldest refinery. Production will cease in […]
Congo’s SNPC Seeks $300 Million Bond for Hydrocarbon Expansion
The Republic of Congo’s national oil company, Société Nationale des Pétroles du Congo (SNPC), is raising $300 million through regional bond markets to fund hydrocarbon development. Launched in December 2024, the bond offering, titled “SNPC 6.5% Net 2024-2029,” will finance drilling operations in key oil fields, including Nanga, Kouakouala, and Le Mayombe. Speaking at the […]
HyIron Produces Namibia’s First Green Hydrogen
Renewable energy firm HyIron has successfully produced its first batch of green hydrogen at the HyIron Oshivela plant in Namibia. The 12 MW electrolyzer, brought online in March 2025, operates within a smart micro-grid to generate emissions-free hydrogen. This pioneering project, the first of its kind in Namibia, is expected to produce 15,000 tons of […]
Tullow Oil Intensifies Focus on Ghana to Reduce Debt
Tullow Oil Plc has announced plans to maximize production from mature assets in West Africa as part of its strategy to bring net debt below $1 billion. The company has shifted its focus to established assets in Ghana, reducing exploratory spending to stabilize its finances. Tullow’s recent $300 million asset divestment in Gabon has been […]
South Africa Completes Technical Work for Gas Master Plan
South Africa’s Department of Mineral and Petroleum Resources (DMPR) has finalized technical modeling for the Gas Master Plan, a policy framework aimed at securing the country’s gas supply through diversified local and international sources. Speaking at the Southern Africa Oil & Gas Conference (SAOGC), Thabang Audat, Chief Director of Energy Policy at DMPR, announced that […]
South Africa’s SAPREF Refinery Aims for 600,000 BPD Production Capacity
South Africa’s Central Energy Fund (CEF) has unveiled plans to significantly increase the capacity of the SAPREF refinery following its acquisition in 2024. Previously producing 180,000 barrels per day (bpd), the refinery was forced to shut down in 2022 due to flood damage. The government’s new goal is to ramp up capacity to between 400,000 […]
Renergen Begins Commercial Production of Liquid Helium in South Africa
South African natural gas and helium producer Renergen has officially commenced commercial sales of liquid helium, marking a significant milestone in the region’s energy sector. The company successfully achieved cooling temperatures of -269°C on March 13, paving the way for helium liquefaction. The first commercial sale followed on March 14, with plans to routinely fill […]
First Green Hydrogen Produced in Sub-Saharan Africa Using Chinese Electrolysers
HyIron’s Oshivela project in Namibia has successfully produced the first batch of green hydrogen in sub-Saharan Africa, utilizing 12MW of electrolyser capacity supplied by China’s Peric. The plant is designed to use hydrogen to directly reduce iron ore into sponge iron, which can subsequently be processed in an electric arc furnace to produce steel. This […]
FG to Inject N400 Billion into Gas Infrastructure Development
The Federal Government of Nigeria is set to release an additional N400 billion for gas infrastructure projects within the next two weeks, according to the Minister of Petroleum Resources (Gas), Hon. Ekperikpe Ekpo. Speaking at the groundbreaking ceremony for a 10MMSCF/D Compressed Natural Gas (CNG) Mother Station facility in Esit Eket, Akwa Ibom State, Ekpo […]