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A service for energy industry professionals · Friday, February 28, 2025 · 789,935,068 Articles · 3+ Million Readers
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Africa Crude Oil News Monitoring

  • Published on Feb 26, 2025

    Navy Deactivates Four Illegal Refining Sites Near Escravos

    In a determined fight against crude oil theft, pipelines vandalism and other acts of economic sabotage, personnel of the Nigerian Navy Forward Operating Base(FOB) Escravos on Wednesday , February 26, 2025 discovered and deactivated four illegal refining …

    Source: Daily Independent - Label Pending
  • Published on Feb 26, 2025

    Sonangol presses on with fleet expansion with $190M tanker deal at HD Hyundai

    Sonangol Shipping Holding Limited, part of Angola’s state-controlled oil company Sonangol EP, has booked a pair of 158,000 dwt Suezmax tankers at South Korea’s major HD Hyundai Heavy Industries, according to Greek shipbroker Intermodal. Illustration. …

    Source: Offshore Energy - Neutral
  • Published on Feb 25, 2025

    Indigenous Producers’ Oil Output to Grow by One Million Barrels Per Day in 5 Years

    •PETAN plans $450m investment to boost members’ local content capacity •Contractors lament import of 76,000MT of threaded steel pipes in 2024 against industry rules Peter Uzoho Indigenous producers under the umbrella of Independent Petroleum Producers …

    Source: This Day - Pro-Government
  • Published on Feb 26, 2025

    Reekado Banks, Wizkid reunite years after public fallout

    NOW Award-winning singers Reekado Banks and Wizkid have finally buried the hatchet after years of public fallout, as they were recently seen enjoying a meal together at a restaurant in Lagos. This unexpected reunion has set tongues wagging, with many …

    Source: The Guardian (Nigeria) - Uncategorized
  • Published on Feb 26, 2025

    NOSDRA tackles oil spill from pipeline at Obololi community

    The National Oil Spill Detection Response Agency (NOSDRA) has commenced remediation work on the crude oil spill from Shell Petroleum Development Company, SPDC, 16″ Nun River-Kolo Creek pipeline located at Obololi community in Southern Ijaw Local Council of …

    Source: The Guardian (Nigeria) - Uncategorized
  • Published on Feb 25, 2025

    Oil prices fall 2% to two-month low on worries about US economy

    US consumer confidence falls in Feb on tariff and other worries * German economy shrinks in Q4 2024 * Nigeria boosts oil output, Iraq signs production deal with BP * Market awaits US oil inventory data from API and EIA NEW YORK, Feb 25 (Reuters) - Oil …

    Source: London South East - Neutral
  • Published on Feb 26, 2025

    Mansoor’s Musings: Tariffs reprieve has been a wakeup call for Canada

    By Mansoor Ladha on February 26, 2025. President Trump’s tariff war against Canada has had a favourable impact in that it has united the country as never before, prompting the federal government, provinces and territories to launch their own …

    Source: Medicine Hat News - Neutral
  • Published on Feb 26, 2025

    Anti EACOP protesters arrested marching to the EU head office in Kampala

    Anti EACOP protesters arrested marching to the EU head office in Kampala Police in Kampala have arrested 11 environmental activists who were marching to the Offices of the European Union to protest the ongoing construction of the East African Crude Oil …

    Source: NTV Uganda - Neutral
  • Published on Feb 24, 2025

    Oil Prices Drop Amid Market Uncertainty

    Oil prices fluctuated last week, initially rising due to geopolitical tensions but later retreating as uncertainty clouded the market. Prices surged after the European Union (EU) expanded sanctions on Russia and reports surfaced of a Ukrainian attack on a …

    Source: Biz Watch Nigeria - Uncategorized
  • Published on Feb 26, 2025

    Leading Energy Companies Holding Back Renewables Commitments, BMI Says

    In a BMI report sent to Rigzone by the Fitch Group late Monday, analyst at BMI, a unit of Fitch Solutions, said “leading energy companies, such as BP, Shell, TotalEnergies, and Equinor” are “holding back renewables commitments to secure higher short-term …

    Source: Rigzone - Neutral
  • Published on Feb 26, 2025

    News24 Business | Most fuel prices on track for small reprieve from next week

    The Brent crude oil price has fallen almost 2% over the past month. (Coffeekai/ Getty Images) After painful hikes at the start of the month, most motorists may get a small reprieve next week. The latest estimate from the Central Energy Fund shows that …

    Source: News24 - Neutral
  • Published on Feb 25, 2025

    Oil prices fall 2% to two-month low on worries about US tariffs

    NEW YORK: Oil prices fell more than 2% to a two-month low on Tuesday on negative economic news from the U.S. and Germany, driven in part by worries about U.S. President Donald Trump’s push for trade tariffs. Brent futures fell $1.61, or 2.25%, to $73.17 a …

    Source: Business Recorder - Neutral
  • Published on Feb 26, 2025

    PIA and Komolafe's midas touch

    The Petroleum Industry Act (PIA) was signed into law in August 2021 to govern Nigeria’s petroleum industry. The PIA in general terms, establishes a legal framework for the petroleum industry, thereby providing it with a workable regulatory framework. The …

    Source: The Guardian (Nigeria) - Uncategorized
  • Published on Feb 26, 2025

    Experts predict no major change in petrol prices next week

    As South African motorists brace for yet another announcement on fuel prices, experts stand divided on whether the increases seen in February will continue into March. With recent fluctuations in both the rand and international oil prices, predictions vary …

    Source: IOL - Uncategorized
  • Published on Feb 25, 2025

    Stock markets struggle as Trump rekindles trade war fears

    Asian markets fell sharply, European stocks wavered, and Bitcoin slumped amid growing economic uncertainty. Stock markets struggled on Tuesday as US President Donald Trump reignited trade war fears after he called for fresh curbs on Chinese investments …

    Source: The Citizen (South Africa) - Center-right
  • Published on Feb 26, 2025

    Tanker tin foil hats on

    If you have spent the last 40 days or so under your desk wearing a tin foil hat to keep out the geopolitical noise, then you have my sympathy. As the new US administration thrashes about breaking stuff, traders and investors have displayed a curious calm, …

    Source: Splash 247 - Neutral
  • Published on Feb 26, 2025

    NNPC Shipping Partners Stena Bulk, Caverton To Boost Crude Transport

    The Nigerian National Pe­troleum Company (NNPC) Shipping, Stena Bulk, and Caverton Marine Limited on Tuesday announced the sign­ing of a new joint venture that will transform Nigerian mari­time transportation. The agreement, signed in London last week, …

    Source: Daily Independent - Label Pending
  • Published on Feb 26, 2025

    NNPC signs joint venture shipping deal with Stena, Caverton

    By Obas Esiedesa, Abuja   NNPC Limited yesterday disclosed that its subsidiary, NNPC Shipping has signed a joint venture agreement with Stena Bulk, and Caverton Marine Limited for the shipping of various petroleum products across the industry. The deal, …

    Source: Vanguard - Uncategorized
  • Published on Feb 26, 2025

    Breaking up to grow: Vedanta’s demerger and its impact on investors

    From HUL’s ice cream spin-off to ITC’s hotel split and Tata Motors’ strategic realignment, corporate shake-ups are redefining India Inc. The goal? To drive focused growth, enhance efficiency, and unlock untapped potential. Now, Vedanta has entered the …

    Source: Mint - Neutral

03 days 21:54:19

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