[ad_1] Minister for Energy and Green Transition, John Jinapor, has announced that the Sentuo Oil Refinery will increase its refining capacity from 40,000 barrels per day to 100,000 barrels per day upon completion of its second phase. Addressing guests during the commissioning of Phase II of the refinery on Thursday, June 25, Mr. Jinapor described…
[ad_1] Former Nigerian Petroleum Minister Diezani Alison-Madueke has been found not guilty of bribery at a London court, ending a 13-year investigation by the UK’s National Crime Agency that she says cost her her reputation, her freedom of movement, and her career. The verdict was delivered on Wednesday at Southwark Crown Court, where Alison-Madueke faced…
[ad_1] US President Donald Trump has said the US will “run” Venezuela until a “safe, proper and judicious transition” can be ensured, after US strikes led to the capture of country’s President Nicolas Maduro. US oil companies would also fix Venezuela’s “broken infrastructure” and “start making money for the country”, Trump said. The US launched…
[ad_1] BP has struck a $6bn (£4.4bn) deal to sell a majority stake in its motor oil division, Castrol, to a US investment firm. The oil giant sold a 65% stake in Castrol, which makes lubricants for cars, motorcycles and industrial vehicles, to New York-based Stonepeak. The deal valued Castrol at $10.1bn (£7.5bn), with BP…
[ad_1] Nigerian President Bola Tinubu has asked the Senate to confirm two new heads for Nigeria’s oil and gas regulators after their predecessors abruptly quit, amid a high-stakes clash between one agency and Africa’s richest man, Aliko Dangote. Tinubu’s nominations follow the exit of Gbenga Komolafe, chief executive of the Nigerian Upstream Petroleum Regulatory Commission,…
[ad_1] Nigeria’s oil and gas content regulator on Tuesday announced a $100 million equity investment scheme to boost indigenous participation in the energy sector and said it would tighten compliance rules from next year. Felix Ogbe, executive secretary of the Nigerian Content Development and Monitoring Board (NCDMB), told the Practical Nigerian Content Forum that the…
[ad_1] In a collaborative effort, a joint task force involving the Tree Crop Development Authority, the Oil Palm Development Association of Ghana, the Customs Division of the Ghana Revenue Authority, and National Security successfully seized over 1,000 units of 25 litres of vegetable oil suspected to be smuggled. The operation took place at a warehouse…
[ad_1] The 2023 edition of the prestigious Ghana Oil and Gas Awards (GOGA), has recognised a total of 38 individuals and companies with various honours for their outstanding roles and contributions towards the growth of the country’s oil and gas sector in a ceremony held at the Kempinski Gold Coast Hotel in Accra on Friday….
[ad_1] Dr Sultan al-Jaber is president of the climate summit and the head of the United Arab Emirates’ state oil company The United Arab Emirates planned to use its role as the host of UN climate talks as an opportunity to strike oil and gas deals, the BBC has learned. Leaked briefing documents reveal plans…
[ad_1] By NJ Ayuk, Executive Chairman, African Energy Chamber (www.EnergyChamber.org). It’s undeniable that the Russian invasion of Ukraine proved highly disruptive to world energy markets. This geopolitical clash led to the imposition of Western sanctions on the export of Russian oil and fuel and the imposition of a price cap on Russian crude by the…
