Tag: Energy

Dangote Refinery gasoline storage tank with 60 million liters capacity under Dangote Industries Limited operations in Nigeria.
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Dangote Refinery could get cheaper crude under Nigeria supply reforms

Nigeria is considering crude supply and pricing reforms that could lower feedstock costs for Dangote Refinery and other domestic processors.

Omokolade Ajayi Omokolade Ajayi
Solar panels managed by Sila Atlantik.
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Morocco, Germany $30 billion subsea cable project snagged by governance row

Governance disputes and design demands have stalled a $30 billion subsea power cable project set to supply Germany with Moroccan renewable energy.

Omokolade Ajayi Omokolade Ajayi
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Nigeria’s crude oil output hits 6-year high at 1.56M bpd, beats OPEC quota

Nigeria's crude output rose to a six-year high of 1.56 million barrels per day in June, exceeding its OPEC quota despite weaker NNPC revenue in May.

Omokolade Ajayi Omokolade Ajayi
Senegal’s first offshore oil project.
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Senegal’s Sangomar oil field pumps nearly 18 million barrels in first half as expansion plans advance

Senegal’s Sangomar field delivered nearly 18 million barrels in the first half of the year as Woodside Energy plans to expand production.

Omokolade Ajayi Omokolade Ajayi
Nigeria’s state-owned oil company, NNPC.
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Nigeria’s NNPC revenue drops 13% to $3.15 billion despite steady oil output

Nigeria's NNPC revenue fell to $3.15 billion in May as reservoir pressures and export limits squeezed earnings despite steady oil output.

Omokolade Ajayi Omokolade Ajayi
Osa Igiehon, Chief Executive Officer, Heirs Energies.
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Heirs Energies OML 17 JV, Redtech launch digital operations hub to boost Nigeria oil production

Heirs Energies OML 17 JV and Redtech launch a digital operations hub to monitor real-time data, boost asset reliability, and raise Nigeria oil output.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Nigeria’s energy giant Aradel posts $90 million Q1 profit as new assets pay off

Aradel Holdings reports a 252 percent surge in Q1 profit to $90 million, powered by newly integrated upstream and gas assets.

Omokolade Ajayi Omokolade Ajayi
Solar panels
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Botswana secures $100 million for major solar project to power Southern Africa

Botswana secures $100 million for its first major solar plant, boosting regional cross-border energy trading across southern Africa.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Nigeria’s Aradel profit jumps to $555 million as gas, oil acquisitions pay off

Aradel Holdings' profit hit $555.7 million in 2025 as production gains and strategic upstream acquisitions drove growth.

Omokolade Ajayi Omokolade Ajayi
Aliko Dangote, Africa’s richest man and founder of Dangote Group.
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Africa’s richest man Aliko Dangote’s refinery cuts petrol, diesel, jet fuel prices

Aliko Dangote’s refinery has slashed domestic fuel prices in Nigeria following a decline in global crude costs spurred by a United States-Iran interim peace agreement.

Omokolade Ajayi Omokolade Ajayi
Conoil Plc, the Lagos-based petroleum marketer.
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Nigeria’s Conoil profit jumps to $2.9 million in Q1 2026 on lower costs

Conoil posts N3.89 billion ($2.9 million) Q1 2026 profit as cost cuts offset revenue decline and strengthen margins.

Omokolade Ajayi Omokolade Ajayi
South Africa’s gasoline prices rise to a record as fuel relief measures are rolled back.
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South Africa gasoline prices hit record with relief rollback

South Africa’s gasoline prices rise to a record as fuel relief measures are rolled back amid Middle East conflict and rising global oil costs.

Omokolade Ajayi Omokolade Ajayi