Tag: Oil & Gas
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Africa Set to Lead Global High-Impact Oil & Gas Drilling in 2026
Executive Summary: Africa’s Upsurge in High-Impact Wildcat Drilling The global upstream sector is poised for a sustained momentum boost as 2026 approaches, with Africa emerging as a central hub for high-impact wildcat drilling. After a robust 2025, where success rates for high-impact wells climbed to 38% from 23% the year prior, the continent is leveraging…
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Sasol Mozambique Resilience: Severe Weather Impacts Operations But Gas Flows Uninterrupted
Overview: Severe weather disrupts Sasol’s Mozambique operations Heavy rains and related flood damage have disrupted some of Sasol’s facilities in Mozambique, underscoring the challenges that energy and chemical companies face in the region. While the damage to processing units and related infrastructure was significant enough to affect certain operations, Sasol reassured customers and stakeholders that…
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Namibia’s President Seeks Legal Opinion on Paragon Oil PEL 37 Renewal
Introduction: A High-Level Move Amid Scrutiny Namibia’s President, Her Excellency Netumbo Nandi-Ndaitwah, has directed the attorney general to provide a formal legal opinion on the renewal of Paragon Oil & Gas’s petroleum exploration licence (PEL) for block PEL 37. The request signals heightened government scrutiny of how the licence extension was granted and the broader…
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Dangote Refinery Taps EIL for $350 Million 1.4 Million BPD Upgrade Project
Overview of the Agreement The Dangote Group has announced a significant milestone in its ongoing efforts to expand Nigeria’s refining capacity. A contract valued at over $350 million has been signed with Engineers India Limited (EIL), a state-owned Indian firm renowned for its project management expertise in refinery and petrochemical sectors. The agreement designates EIL…
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Dangote Refinery Sign $350M EIL Contract for 1.4M bpd Upgrade
Overview: A New Phase for Nigeria’s Largest Refinery The Dangote Refinery, Africa’s largest private sector project, has secured a pivotal contract worth over $350 million. India’s state-owned Engineers India Limited (EIL) will provide Project Management services for the refinery’s ambitious upgrade to a capacity of 1.4 million barrels per day (bpd). The agreement underscores the…
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Obat Oil Unveils Plan for 200 Retail Stations Nationwide With Dangote Refinery Tie-Up
Obat Oil Sets Sights on 200 Retail Stations Nationwide Obat Oil is accelerating its expansion plan, targeting 200 retail stations across the nation. In a revealing conversation with Dare Olawin, the company’s executive chair, Obat Oil’s Group Managing Director, Akinfemiwa Akinruntan, outlined the strategic rationale, current improvements, and the roadmap to scale. The interview sheds…
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Obat Oil Eyes 200 Retail Stations Nationwide in Strategic Expansion
Obat Oil Announces ambitious plan for 200 new retail stations In a candid briefing, Obat Oil’s Group Managing Director, Akinfemiwa Akinruntan, outlined a bold strategy to expand the company’s retail footprint across the country. Speaking with industry journalist DARE OLAWIN, Akinruntan highlighted why Obat Oil believes it can accelerate growth through a mix of operational…
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Dangote Assures Nigerians: Price Stability and Refinery Stock Listing Amid Expansion Plans
Overview: Stability in a volatile market In a major reassurance to Nigerians facing fuel supply concerns, Dangote Group’s leadership has confirmed resilience in price stability and the listing of refinery stocks. The statements come at a time when the Nigerian downstream sector seeks greater transparency and reliability as the group pushes ahead with its ambitious…
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Dangote Promises Price Stability as Refinery Expansion Hints at 1.4mbpd Feasibility
Dangote Signals Price Stability Amid Stock Listing Plans Nigerians could see greater price stability in fuel markets as Dangote Group signals a commitment to transparent stock listings and measured production growth. Speaking to investors and industry partners, the company’s chief executive outlined intentions to ensure more predictable pricing through better visibility of petroleum product stocks…
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Canadians Eye Venezuela’s Oilpatch: Ready to Work Amid Political Uncertainty
Rising Interest in Venezuela’s Oilpatch When global headlines spotlight political upheaval, questions often shift to the ground realities of business and employment. In Venezuela, a country rich in oil yet hampered by sanctions and instability, a surprising trend is emerging: Canadians who have long worked in the oil and energy sectors are considering returning or…