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In the News

  • In the News

    US Oil Refining Capacity Edges Up for Second Consecutive Year

    by Victor Adetimilehin June 17, 2024
    by Victor Adetimilehin June 17, 2024

    The United States’ oil refining capacity edged up for the second consecutive year, reaching 18.38 million barrels per day (bpd) in 2024. This increase is primarily driven by expansions at …

  • In the News

    Russia Bolsters Oil Revenue Despite Price Cap, Shadow Fleet Key

    by Victor Adetimilehin June 16, 2024
    by Victor Adetimilehin June 16, 2024

    Western sanctions aimed at crippling Russia’s oil exports have had a mixed impact. While Russia is selling less oil and for lower prices overall, a growing network of shippers is …

  • In the News

    OPEC Sticks to Its Guns: Oil Demand on the Rise, Not Reaching Peak Anytime Soon

    by Victor Adetimilehin June 14, 2024
    by Victor Adetimilehin June 14, 2024

    OPEC, the world’s leading oil producer group, contradicts the IEA’s forecast of imminent peak oil demand. OPEC maintains a bullish outlook, expecting oil consumption to rise for decades to come.

  • In the News

    Energy Access Deficit Grows in Sub-Saharan Africa

    by Adenike Adeodun June 14, 2024
    by Adenike Adeodun June 14, 2024

    The latest IEA report shows an increasing energy access deficit in Sub-Saharan Africa, highlighting significant challenges and investment needs.

  • In the News

    GWK’s Christiana Maize Mill Installs 1 MW Solar PV System

    by Motoni Olodun June 14, 2024
    by Motoni Olodun June 14, 2024

    GWK’s Christiana maize mill has installed a 1 MW solar PV system, marking a significant step towards sustainable energy use in the agricultural sector. This project aims to reduce the …

  • In the News

    Study Highlights Slow Pace of South Africa’s Grid Connection System

    by Motoni Olodun June 13, 2024
    by Motoni Olodun June 13, 2024

    A recent study by SAREC reveals significant delays in South Africa’s grid connection system, emphasizing the need for urgent reforms to accelerate renewable energy projects.

  • In the News

    Nigeria Commissions New CNG Facility, Boosts Energy Supply

    by Adenike Adeodun June 13, 2024
    by Adenike Adeodun June 13, 2024

    Nigeria opens a new CNG facility in Ogun State to enhance natural gas supply, supporting the country’s industrial and energy needs.

  • In the News

    Citgo Auction Heats Up: Bidders Get Second Chance to Raise Offers

    by Victor Adetimilehin June 13, 2024
    by Victor Adetimilehin June 13, 2024

    The fight to acquire Citgo Petroleum, the seventh-largest oil refiner in the United States, has intensified. A court overseeing the auction of shares in Citgo’s parent company, Venezuela’s PDVSA, is …

  • In the News

    Nigeria Customs Seizes N115 Million Petrol, Targets Smuggling Operations

    by Adenike Adeodun June 12, 2024
    by Adenike Adeodun June 12, 2024

    Nigeria Customs seized 280,135 liters of petrol worth N115 million in a major operation, intensifying efforts against smuggling.

  • In the News

    South Africa Urged to Embrace Global Battery Grid Strategies

    by Motoni Olodun June 12, 2024
    by Motoni Olodun June 12, 2024

    South Africa is encouraged to adopt international grid battery storage strategies to enhance its energy infrastructure and support the renewable energy rollout.

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Nigeria’s Oil Boom: Record Production in September 2023

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Shell Suspends $3bn Share Buyback Ahead of $16.4bn ARC...
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