Nigeria’s Dangote Oil Refinery has begun processing gasoline, marking a significant development after delays caused by crude shortages. The $20 billion refinery started operations in January, producing naphtha and jet fuel. However, it could not produce gasoline until now. Dangote Industries Vice President Devakumar Edwin announced the development.
Aker BP has started oil production from Tyrving field in the Alvheim area offshore Norway.
The development leverages the planned extended lifetime for Alvheim field and will increase production while reducing both unit costs and CO2 emissions/bbl, the company said in a release Sept. 3.
In a release sent to Rigzone recently, industry body Offshore Energies UK (OEUK) announced that it has released data “which models the impact of the government’s announced stronger Energy Profits Levy (EPL) on the UK economy”.
Even as a few deepwater drilling or development programs previously slated for 2024 have been pushed back by months or even into the new year, current oil prices and economics of offshore projects remain strong, the top executive at a large global deepwater driller said Sept. 3.
A national workshop (27-30 August) brought together top officials from across Guyana to strengthen the country’s defences against oil spills.
The 2025 edition of the Guyana Energy Conference and Supply Chain Expo was launched this morning with a plan to present Guyana as more than just an oil and gas country, but rather as a country that can facilitate growth in a number of other industries.
Nigeria’s first private oil refinery on Tuesday rolled out its refined product to the local market in Africa.
Aliko Dangote, president of Dangote Refinery, said the product will help improve access to gasoline in Nigeria and sub-Saharan Africa.
Africa Oil is a Canadian oil and gas exploration company with producing and development assets in deep-water offshore Nigeria. The Company also has a portfolio of exploration assets in west and south of Africa. The Company holds its interests through direct ownership interests in concessions and through its shareholdings in investee companies including Prime Oil & Gas Cooperatief U.A. (“Prime”), Africa Energy Corp., Eco (Atlantic) Oil & Gas Ltd. and Impact Oil and Gas Ltd.
Oil plummeted — erasing its gains for the year — after a prospective deal to restore supplies from Libya turned traders’ attention back to concerns about tepid global demand for crude.
Zainab Usman pertinently highlights the missed opportunity of Africa’s petrostates to boost their economies and prepare for the future (“Africa’s petrostates are missing out on the oil boom and it matters”, Opinion, August 28).