Category: Oil & Gas

Accra, Ghana//-Ghana has secured a major victory in an international tax arbitration case involving Tullow Ghana Limited, with an arbitral tribunal ruling in favour of the Republic over the taxation of business interruption insurance proceeds.

South Africa// — Each year, the African Energy Industry’s “African Energy Person of the Year” award celebrates individuals who have positively influenced Africa’s energy sector by facilitating projects that strengthen energy security,

South Africa/ — Ludoil Capital, a wholly owned subsidiary of Ludoil Energy – the Ammaturo family’s holding company – has completed the acquisition of a 51% stake in ISAB from GOI Energy, following the successful conclusion of the Italian Government’s Golden Power review.

Oil prices are set for a slight 2% weekly gain, despite rumours that this week’s opening of the 2026 UN General Assembly sparked yet another diplomatic push to end Middle Eastern hostilities.

The restart of Saudi Aramco’s East-West pipeline has provided a lifeline to oil market bears, with industry watchers striving to understand how much crude Saudi Arabia could export with several pumping stations still under repair.

Last week’s market panic about the 7 million b/d East-West pipeline remaining offline for weeks gave way to a slightly more nuanced outlook this week, with Saudi Aramco re-orienting all its loadings to the Persian Gulf.

The most recent edition of McKinsey’s LNG Buyers’ Survey (July 2025) found that in a global energy market facing potential price volatility, supply chain challenges, and considerable uncertainty, LNG buyers were prioritising flexibility—including measures such as diversifying supply and varying contract terms.

First, there were Thursday rumours about strikes impacting Saudi Arabia’s East-West pipeline and flumes visible from satellite imagery. Then, just after the London market closure, Saudi Arabia announced Friday that it had halted pipeline transportation via its key Hormuz bypass, stoking fears of long-term damage to its midstream infrastructure.

Nigerian billionaire Aliko Dangote on Monday launched Africa’s largest share sale yet with the initial public offering of ‌his oil refinery, targeting the general public to raise as much as $2.1 billion for its expansion.

Lagos, Nigeria// — When Nigeria first joined the World Energy Council in April 1960, the country was months away from independence, and its modern energy industry was still taking shape.