Nigeria’s main crude oil grades — Bonny Light, Brass River, and Qua Iboe — jumped above $77 per barrel on Friday and kept their rise up to Sunday. The price …
Tag:
crude oil
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BusinessBusiness InsightsBusiness PoliciesEconomyEnergyInfrastructureNigeriaOil & GasPoliciesWestern Africa
Dangote Vows to Keep Fighting for $20bn Refinery Amid Alleged Sabotage
President of Dangote Group, Alhaji Aliko Dangote, has said he is still fighting for the survival of his $20 billion refinery in Lekki, Lagos State. Dangote, Africa’s richest man, revealed …
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AfricaDangote IndustriesEnergyFinance & ServicesInfrastructureSpotlightTrade and Commerce
Afreximbank Launches $3bn Credit Line to Support Fuel Imports Across Africa, Caribbean
The African Export-Import Bank (Afreximbank) has launched a $3 billion revolving credit facility to help buyers across Nigeria, Africa, and the Caribbean access refined petroleum products from within the continent. …
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Business and EconomyEconomyEnergyNigeriaOil & GasWestern Africa
Nigeria’s Crude Oil Reserves Now 37.28 Billion Barrels – NUPRC Boss
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has officially announced that Nigeria’s crude oil and condensate reserves have reached a total of 37.28 billion barrels, with gas reserves standing at …
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AfricaAFRICA NEWSBusinessCentral AfricaEconomyNewsNigeriaOil & GasWestern Africa
Angola overtakes Nigeria as Africa’s largest oil producer in August
Nigeria lost its crown as Africa’s largest crude producer as Angola surpassed the country for the first time in more than five years. Angola’s average daily output in August of …
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Eastern AfricaEconomyOil & Gas
Total Energies Kenya H1 Profit Declines by 55pc On High Cost Of Crude Oil and Weak Shilling
Total Energies Kenya has reported a 55 per cent drop in earnings for the half year ended June 30 attributed to the high cost of crude oil globally and a …
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AfricaAFRICA NEWSBusinessEnergyNewsNigeriaOil & GasWestern Africa
OPEC says Nigeria’s oil production averaged 1.183mbpd in July
The Organisation of the Petroleum Exporting Countries (OPEC) says Nigeria’s crude oil production increased to an average of 1.183 million barrels per day (bpd) in July 2022. OPEC made this …
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Shell Petroleum Development Company (SPDC) has the shutdown its floating, production, storage and offloading (FPSO) vessel, located off the Bayelsa coastline due to water leakage. The FPSO is a floating vessel used …
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AfricaBusinessEnergyNewsNigeriaOil & GasWestern Africa
Seplat Energy begins commercial injection of crude oil through Amukpe-Escravos pipeline
Seplat Energy, Nigeria’s leading energy supplier has commenced the commercial injection of crude oil through the new Amukpe-Escravos Pipeline located in Niger Delta. The company previously depended on the Trans …
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AfricaBusinessCentral AfricaINVESTMENTNewsOil & Gas
DR Congo puts up oil and gas fields for sale, invites Investors
The President of the Democratic Republic of Congo, Félix Tshilombo, has invited international investors to tender bids for the country’s oil and gas blocs as the government moves to diversify …
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