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Petroleum

South Africa Posts R15.6bn Trade Surplus in October 2025 Amid Rising Flows

December 2, 2025 Steven Addamah 0

South Africa registered a preliminary trade surplus of R15.6 billion in October 2025, driven by exports totalling R192.2 billion against imports of R176.6 billion, according […]

East Africa: EAC Trade Rises to $38.2 Billion in Q2 2025 as Exports Surge 40 Percent

November 13, 2025 Steven Addamah 0

The East African Community (EAC) registered a strong upswing in international merchandise trade in the second quarter of 2025, underscoring the bloc’s economic resilience and […]

Nigeria’s Rig Count Soars to 69 as NUPRC Records Major Milestones in Four Years

October 8, 2025 Steven Addamah 0

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced a remarkable increase in the country’s rig count from eight in 2021 to 69, representing a […]

Namibia Records Largest-Ever Trade Deficit in August 2025 Amid Heavy Import Dependence

October 4, 2025 Steven Addamah 0

Namibia recorded its highest-ever trade deficit in August 2025, reaching 5.3 billion Namibian dollars (approximately 308 million U.S. dollars), according to data released by the […]

Nigeria Union Orders Crude Supply Cut to Dangote Refinery Amid Labour Dispute

September 30, 2025 Steven Addamah 0

Nigeria’s powerful oil workers’ union has instructed members to halt crude and gas deliveries to the $20 billion Dangote Petroleum Refinery, intensifying a labour dispute […]

Nigeria’s $6.84bn Balance of Payment Surplus Signals Economic Resilience and Stability

April 23, 2025 Steven Addamah 0

The Democratic Front (TDF) has hailed on April 21 Nigeria’s $6.84 billion balance of payment surplus for 2024 as a key indicator of economic strength […]

Nigerian Army Seizes Thousands of Litres of Stolen Oil, Arrests 43 Suspects in Coordinated Raids

April 8, 2025 Steven Addamah 0

Troops from the Nigerian Army’s 6 Division have successfully apprehended 43 suspected oil thieves during a series of coordinated raids across Bayelsa, Delta, and Rivers […]

Nigeria to Implement Tanker Ban Amid Rising Road Accidents that claim 3500 Lives

February 22, 2025 Steven Addamah 0

Nigeria’s Federal Government has announced on February 19 plans to phase out tanker trucks with capacities of 60,000 and 45,000 litres in an effort to […]

Angola’s Oil To Be Explored By Nigeria’s Oando PLC

February 10, 2025 Steven Addamah 0

Oando Energy Resources (OER), the upstream subsidiary of Oando PLC, has been awarded on February 09 the operatorship of Block KON 13 in Angola’s Onshore […]

Ghana to stop Gold-for-Oil Deal Over Lack Of Transparency

February 5, 2025 Steven Addamah 0

Energy Minister John Abdulai Jinapor has expressed concerns over the lack of transparency within the Gold-for-Oil (G4O) programme, labelling it opaque and unclear for future […]

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