Posts

Nigeria: Shell, Nine Banks Empower Nigerian Oil Service Firms With $3 Billion Contractor Support Fund/in /by
[This Day] Shell Nigeria Exploration and Production Company Ltd (SNEPCo) yesterday took a major step towards empowering Nigerian oil and gas contractors and furrher growing local content with the launch of a $3-billion Contract Finance Facility in partnership with nine major Nigerian banks.
Nigeria: Dangote Refinery Raises $750 Million in Debut Eurobond Ahead of Planned IPO/in /by
[This Day] The Dangote Petroleum Refinery has successfully raised $750 million through its debut Eurobond, marking another milestone in the group's efforts to diversify its funding sources and strengthen its balance sheet ahead of an anticipated public listing.
Kenya: Rwanda-Kenya Fuel Import Deal Comes At Right Time/in /by
[New Times] Rwanda's new government-to-government petroleum import agreement with Kenya may not attract the same attention as major infrastructure projects, but its significance should not be underestimated.
South Africa: Petrol Is Cheaper but Paraffin Just Got Even Cheaper/in /by
[Scrolla] Paraffin, burned by millions of poor households for cooking and light, dropped by R6.97 a litre from Wednesday, 1 July. Petrol fell by up to R2.01 a litre and diesel by up to R3.59, both effective from Wednesday, 1 July.
Nigeria: NNPC Profit Falls to ₦462 Billion Despite Higher Oil Production in May/in /by
[Premium Times] NNPC Limited reported a profit after tax of ₦462 billion in May 2026, down from April, despite recording its highest crude oil and condensate production in a year, improved gas output and stronger pipeline availability.
Liberia: Govt Approves 50,000-Metric-Ton Fuel Storage Facility/in /by
[New Dawn] Monrovia, July 2, 2026 - President Joseph Nyuma Boakai has approved a proposal by the Liberia Petroleum Refining Company (LPRC) to construct a 50,000-metric-ton petroleum storage facility, a move the government says will strengthen Liberia's fuel security and expand its strategic petroleum reserves.
Nigeria: Report Warns Oil Below $80 Per Barrel Puts Nigeria’s 2026 Budget At Risk, Projects N750/Litre Fuel Price/in /by
[This Day] Nigeria faces a direct fiscal alarm bell in the third quarter (Q3) of 2026 as crude oil price dips below $80 per barrel amid fragile global stability, with the Society of Energy Editors (SEE) warning that oil below $80 would be a stress test the country's economy cannot afford to misread.
Nigeria: Four Groups Launches Suit in Suit Over TotalEnergies’ Oil Asset Divesement in Nigeria/in /by
[Premium Times] The gorups requested documents would enable them to determine whether TotalEnergies has complied with France's Duty of Vigilance Law, which requires large companies to identify and prevent serious human rights and environmental risks linked to their operations and business relationships.
Tanzania: Tanzania Lauded for High-Level Performance in Implementing the EACOP Project/in /by
[Daily News] Handeni -- THE Minister for Energy, Deogratius Ndejembi, has commended the high-level of Tanzanian participation in the implementation of the East African Crude Oil Pipeline (EACOP) project, saying it has become a catalyst for employment, skills transfer and private sector growth in the country.
South Africa: Years of Fuel Price Drops and Not Once Did Your Taxi Fare Follow/in /by
[Scrolla] Since at least 2017, South Africa's taxi associations have never reduced fares after a fuel price drop, despite 15 million commuters depending on taxis daily. Diesel dropped by up to R3.59 a litre from today, 1 July, but no law or regulator compels taxi associations to pass any saving on to commuters.