François Bacci, managing director of Ponticelli Angola, talks to The Energy Year about shifting towards maintenance and life-extension projects as activity in Angola’s upstream projects levels off and leveraging the group’s downstream and renewables capabilities to capture opportunities.
Africa’s largest refinery has purchased crude oil from the United Arab Emirates for the first time, widening its supplier base as persistent shortages of Nigerian crude continue to complicate efforts to feed one of the world’s biggest single-train refining complexes.
ACCRA, June 26 (Xinhua) — Ghanaian President John Dramani Mahama late Thursday performed the official groundbreaking for the expansion of the Chinese-built Sentuo oil refinery project in Tema, Ghana’s eastern port city, to increase production from 40,000 barrels per stream day to 100,000.
President John Dramani Mahama has announced that Ghana will commence onshore oil drilling in the Voltaian Basin before the end of 2026, marking a significant step in the country’s efforts to expand petroleum exploration beyond its established offshore fields.
The Minister for Energy and Green Transition, John Abdulai Jinapor, says the expansion of the Sentuo Oil Refinery will enable Ghana to reduce its reliance on imported finished petroleum products once the project is completed.
PETALING JAYA: RHB Research is optimistic about Yinson Holdings Bhd, highlighting the group’s shift toward stable, recurring revenue streams from floating production, storage and offloading (FPSO) operations as a key growth driver.
Oil prices have climbed following the latest flare-up in hostilities between the United States and Iran.
MODEC will supply its SOFEC internal turret mooring system for the Coral Norte floating liquefied natural gas (FLNG) project offshore Mozambique, supporting Eni and its partners as the 3.6-million-metric-tonne-per-year (MMtpy) development moves toward first LNG production in 2028.
Vitol and IRH Global Trading Ltd., a subsidiary of International Resources Holding (IRH), have executed a 20-year liquefied natural gas (LNG) sale and purchase agreement (SPA), formalizing a long-term supply arrangement first announced in November 2025.
Saudi Arabia’s biggest oil export terminal is finally stirring back to life, and that’s a much bigger deal than another headline about the Strait of Hormuz reopening.