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LATEST ARTICLES
Nigeria: Eni Acquires Additional Stake In Deepwater Block OML 118
Italian oil and gas giant Eni, through its subsidiary Nigeria Agip Exploration Limited (NAE), has acquired an additional 2.5 % stake in the Production Sharing Contract (PSC) for OML 118, operated by TotalEnergies EP Nigeria Limited, the company announced in a statement.
OML 118 is an offshore Nigerian license that includes the producing Bonga field, in which NAE holds a non‑operating interest.
Following the transaction, which has received all necessary regulatory approvals, NAE’s stake in the OML 118 PSC has increased from 12.5 % to 15 %*.
“This acquisition is fully aligned with Eni’s strategy to optimize its upstream portfolio and further strengthens the company’s commitment to deepwater projects in the country,” the statement added.
Eni has been present in Nigeria since 1962, with an average equity production of *50 Kboed* in 2025.
South Africa: Eskom Celebrates Upgrade By S&P Global From B To B+
South Africa’s power utility, Eskom, is celebrating a ratings upgrade by S&P Global Ratings, which has moved its foreign and local currency long-term credit ratings from B to B+, with a stable outlook.
The upgrade also applies to Eskom’s senior secured and unsecured debt, while government-guaranteed foreign currency debt has been raised from BB- to BB+. Eskom’s national scale rating improved to zaA/zaA-1.
Reacting to the announcement, Eskom’s Group Chief Executive Officer, Mr. Dan Marokane, said the company’s Turnaround Plan has been crucial in shifting Eskom from a generation crisis to a phase of operational reliability and disciplined management.
He added that while the company continues to prioritise affordable and secure electricity, it also aims to support South Africa’s transition to lower-carbon energy sources.
The upgrade reflects the measurable progress of Eskom’s Turnaround Plan, which has stabilised electricity generation, strengthened financial performance, and improved governance.
Eskom reported delivering electricity 97.9% of the time in the current financial year, up from 96% the previous year.
For the first time in eight years, Eskom posted a profit in FY2025, marking a major milestone in its financial recovery.
Eskom says it will maintain its momentum through ongoing generation recovery initiatives, strengthened governance, and long-term sustainability efforts to support both national and regional energy security.
“Our focus remains on providing affordable, secure electricity for South Africa while driving the transition to lower-carbon energy,” said Eskom CEO Dan Marokane.
S&P Global’s origins date back to 1860, when Henry Varnum Poor published financial information on U.S. railroads. Today, the company provides financial data and ratings through divisions such as S&P Global Ratings, S&P Dow Jones Indices, and S&P Global Market Intelligence.
S&P Global Ratings specifically offers independent credit ratings, research, and data, while the company’s broader mission is to provide “essential intelligence” to investors and markets.
Ghana: Petrosol Platinum Energy Empowers Staff In Two-Day Interactive Training Programme
PETROSOL Platinum Energy, one of the leading oil-marketing companies in Ghana, has held a two-day intensive and interactive training session aimed at empowering its staff to drive efficiency and growth.
The leadership of the indigenous OMC remains committed to the continuous development of its workforce, ensuring that staff are equipped with relevant knowledge, emerging industry trends in the era of Artificial Intelligence (AI), and best practices to remain competitive in the business environment. The training programme targeted the company’s senior and middle-management teams.
The goal of this initiative is to re-energise their skills, unearth new competencies, and foster innovative approaches to achieve outstanding results. The training equipped the company’s leaders with modern, winning skills and best practices, preparing them for future opportunities within the organisation and enabling them to deliver exceptional value to stakeholders as the company looks toward 2026.
In a Facebook post, PETROSOL Platinum Energy wrote: “We align with Marshall Goldsmith’s philosophy: ‘What got you here won’t get you there.’ PETROSOL doesn’t just deliver premium fuel and lubricants; we invest significantly in building the capacity of our workforce, as they are the driving force behind the quality and exceptional service we provide.”
South Africa: Transnet Secures Deal To Support Clean Energy Initiatives
South Africa’s Transnet and the French Development Agency (AFD), with support from the European Union (EU), have announced a major partnership aimed at accelerating the decarbonisation of South Africa’s ports and rail network, according to a report by the South African News Agency.
Transnet, which manages the country’s rail, port, and pipeline infrastructure, has set ambitious decarbonisation and corporate sustainability targets. AFD is proposing a €300 million (R6 billion) loan to support these objectives.
“The funding package from AFD will assist us in revitalising our infrastructure while supporting the clean energy initiatives under the capital investment programme. In addition, this initiative will contribute significantly to supporting Transnet’s decarbonisation journey while actively exploring the company’s strategic role and potential opportunities within the green hydrogen value chain,” Transnet Group Chief Executive Michelle Phillips said on Tuesday.
The agreement to curb carbon emissions was concluded on the sidelines of the first-ever G20 Leaders’ Summit hosted on African soil by South Africa this past weekend.
As a sustainability-linked loan, disbursements will be tied to progress on strategic targets. These include diversifying into transition minerals and increasing the use and purchase of 300 GWh of renewable electricity per year — equivalent to 20 percent of Transnet’s electricity needs.
The French contribution will also support a shift from road transport to rail, including the rehabilitation of 550 km of railway. It will further contribute to the modernisation of port infrastructure, strengthening service quality, reliability, competitiveness, and overall attractiveness across Transnet’s network.
“Transnet is a long-standing partner of AFD and a key actor in South Africa’s low-carbon transition. Our support will enable Transnet to pursue opportunities that will emerge from the green hydrogen economy, contribute to the modernisation of its operations, and reduce its environmental footprint,” AFD CEO Rémy Rioux said.
This prospective AFD loan to Transnet forms part of France’s contribution to the Just Energy Transition Partnership (JETP), which AFD has been implementing since 2021, and fulfils France’s €1 billion commitment announced at COP26 in support of South Africa’s just energy transition.
Complementing the loan is a €7 million (R140 million) grant from the EU, through which AFD will assist Transnet in advancing its green hydrogen strategy—a cornerstone of its decarbonisation pathway—across key sectors including ports, rail, pipelines, and facilities. The funding will support key studies, impact assessments, pilot projects, and technical assistance to refine Transnet’s green hydrogen roadmap and accelerate the scale-up of low-carbon hydrogen initiatives across South Africa.
“Through our investment strategy, Global Gateway, the EU is supporting concrete investments in South Africa’s green hydrogen economy—investments that cut emissions and create high-quality jobs. With its central role in rail, ports, and pipelines, Transnet is essential to building a credible and scalable hydrogen ecosystem. This partnership will help deliver the expertise and infrastructure needed for South Africa’s 2050 net-zero goals,” EU Commissioner for International Partnerships Jozef Síkela said.
The French contribution will also support a shift from road transport to rail, including the rehabilitation of 550 km of railway. It will further contribute to the modernisation of port infrastructure, strengthening service quality, reliability, competitiveness, and overall attractiveness across Transnet’s network.
“Transnet is a long-standing partner of AFD and a key actor in South Africa’s low-carbon transition. Our support will enable Transnet to pursue opportunities that will emerge from the green hydrogen economy, contribute to the modernisation of its operations, and reduce its environmental footprint,” AFD CEO Rémy Rioux said.
This prospective AFD loan to Transnet forms part of France’s contribution to the Just Energy Transition Partnership (JETP), which AFD has been implementing since 2021, and fulfils France’s €1 billion commitment announced at COP26 in support of South Africa’s just energy transition.
Complementing the loan is a €7 million (R140 million) grant from the EU, through which AFD will assist Transnet in advancing its green hydrogen strategy—a cornerstone of its decarbonisation pathway—across key sectors including ports, rail, pipelines, and facilities. The funding will support key studies, impact assessments, pilot projects, and technical assistance to refine Transnet’s green hydrogen roadmap and accelerate the scale-up of low-carbon hydrogen initiatives across South Africa.
“Through our investment strategy, Global Gateway, the EU is supporting concrete investments in South Africa’s green hydrogen economy—investments that cut emissions and create high-quality jobs. With its central role in rail, ports, and pipelines, Transnet is essential to building a credible and scalable hydrogen ecosystem. This partnership will help deliver the expertise and infrastructure needed for South Africa’s 2050 net-zero goals,” EU Commissioner for International Partnerships Jozef Síkela said. Malawi To Import Power From Mozambique Soon As Interconnector Project Nears Completion
Malawi is on the verge of importing electricity from Mozambique, with the Mozambique–Malawi Power Interconnector Project approaching completion, officials from the Malawi Mission in Mozambique announced.
Malawi’s High Commissioner to Mozambique, Wezi Moyo, confirmed this when she inspected progress of work at the ongoing Matambo substation.
The project includes the construction of a 400 kV substation at Matambo in Mozambique’s Tete Province, a 220 kV transmission line linking to an existing substation, and a 142‑kilometre, 400 kV transmission line connecting the Matambo substation to Malawi’s Phombeya substation.
She expressed satisfaction at the progress of work, noting that system checks, testing and energisation of equipment are currently underway.
Touching on the transmission line, she said 326 of the 337 towers along a 126‑kilometre stretch had been erected, leaving just 11 to be completed, while stringing is being finalised on the remaining 15 kilometres.
According to her, the most significant outstanding work is at the Zambezi River crossing, where two giant towers are being constructed to support the power line.
These structures are set to become the tallest transmission towers in Africa.
“One tower will reach 196 metres, with 126 metres completed so far, while the second will stand at 200 metres, with 32 metres built to date,” she said.
According to Moyo, the towers are engineered to withstand floods and cyclones and are designed to last 500 years—far surpassing the typical 50‑year lifespan of standard towers.
The project is expected to be fully completed by the end of November, with commissioning planned for mid‑ to late‑December.
Once operational, the interconnector will allow Malawi to import a minimum of 50 MW of power from Mozambique.
Officials say the project will bolster Malawi’s electricity supply, create avenues for regional power trading, and deepen economic integration between the two neighbouring countries.
Tanzania: Energy Minister Ndejembi Urges PURA To Fast-Track Oil, Gas Exploration Efforts
Tanzania’s newly appointed Minister for Energy, Hon. Deogratius Ndejembi, has urged the Petroleum Upstream Regulatory Authority (PURA) to develop robust strategies to accelerate oil and natural gas exploration in the country.
Ndejembi made the call in Dar es Salaam on Monday during his maiden meeting with the management of PURA.
During the meeting, he said he expects PURA to intensify efforts in formulating and implementing strategies that will expedite oil and gas exploration, noting that such studies typically take a long time.
“I expect to see PURA preparing and implementing strategies that will stimulate the exploration of oil and natural gas in various blocks, including Ruvu, Mkuranga, and Tanga, and clearly outline what needs to be done for us to achieve the desired results,” said Ndejembi, who represents the Chamwino Constituency in Dodoma.
Ndejembi further urged PURA to continue providing constructive advice to the Ministry on how to make the investment environment in the petroleum upstream sector more competitive, so that the country can achieve optimal results as it prepares for the fifth licensing round for oil and gas exploration blocks.
“Before we move to the fifth licensing round, I expect PURA to advise the Ministry on the steps we should take to make the environment more attractive to the investors we are targeting, while safeguarding our national interests. I expect this advice to come quickly so that we can make the process successful,” Ndejembi stressed.
He added that successfully executing the fifth licensing round will not only boost government revenue but also enable the Ministry to help the Government make a positive mark on the sector.
For his part, PURA Director General Engineer Charles Sangweni, speaking on behalf of PURA management, thanked Minister Ndejembi and the Ministry’s leadership for taking the time to meet with them.
Sangweni also pledged that PURA will continue to perform its duties effectively to achieve sectoral goals and contribute to Vision 2050.
Liberia: LERC Empowers LEC To Expand Utility Service Coverage
Liberia’s Electricity Regulatory Commission (LERC) has amended the distribution licence of the Liberia Electricity Corporation (LEC) to enable the state-owned utility to expand its coverage to parts of Grand Bassa, Rivercess, and Bong counties.
This marks another step in the government’s plan to widen access to reliable and affordable electricity across the country.
A statement issued on Tuesday by LEC noted that the revised licence authorises the company to extend power distribution to new communities previously outside its official service area.
The move is expected to support ongoing energy infrastructure projects and strengthen national electrification targets.
Representing LEC at the licence issuance were Varmu A. Reeves, Project Coordinator in the Division of Projects; George Hakeem Tawalah, Senior Manager of the Commercial Division; and Henry Sambolah, Senior Manager for Regulatory. They received the amended licence on behalf of the corporation’s management.
The expansion will enable more households and businesses to benefit from formal electricity connections.
Ghana: GRIDCo Recognises AngloGold Ashanti For Continued Support At Its 2025 Safety Durbar
Ghana’s power transmission company, GRIDCo, has recognised AngloGold Ashanti (Obuasi and Tarkwa mines) and one of its engineers, Ing. Kisman Eghan, for their outstanding collaboration with GRIDCo over the years in delivering reliable power supply to the mining sector.
The recognition formed part of the annual Corporate Safety Durbar and Awards Ceremony, which climaxed a month-long safety awareness campaign by the company and its staff to emphasise safe operational practices.
In his welcome address, the Director of the Technical Services Department, Ing. Vincent Boachie, expressed appreciation to management and staff for their participation in the Safety Awareness activities.
He noted that the durbar was not only a celebration but also a reminder of GRIDCo’s collective responsibility to keep safety at the heart of its operations.
“Safety is really about our habits, our well-being, and looking out for one another. Recording no major incidents this year is proof that vigilance and discipline are paying off.”
He further highlighted GRIDCo’s progress towards ISO 45001 compliance, improvements in fire safety systems, and expanded training programmes, which he said position the company firmly within international best practice.
The awards segment, which was the highlight of the Safety Durbar, honoured AngloGold Ashanti (Obuasi Mine) with the Collaboration Award for their longstanding work with GRIDCo and for their rapid mobilisation and technical assistance when GRIDCo’s Obuasi Substation suffered a fire in May 2025. Their support helped contain the situation and safeguard the transmission network and power supply requirements in Obuasi.
Meanwhile, AngloGold Ashanti (Obuasi Mine) Energy & Specialist for Engineering, Ing. Kisman Eghan, received the Chief Executive’s Special Award for facilitating engineering support for GRIDCo in the aftermath of the Obuasi substation fire.
Responding to the recognition, Ing. Kisman Eghan stated, “Our two businesses are high-risk, so if you joke with safety, it’s not good. That is why we take a keen interest in safety.”
He reaffirmed AngloGold Ashanti’s commitment to working hand in hand with GRIDCo to uphold protocols and deliver safe, reliable power for Ghana’s mining sector.
He underscored the longstanding partnership with GRIDCo as vital to powering the mining industry, noting that mining operations depend on electricity that is available, reliable, and cost-effective throughout the life of the mine.
He emphasised AngloGold’s core values—safety, respect, integrity, sustainability, excellence, and collaboration—stressing that safety and collaboration are paramount in both mining and energy operations.
Delivering an address on behalf of the Chief Executive, the Deputy Chief Executive (Engineering and Operations), Ing. Frank Otchere, cautioned staff, saying, “Electricity is the very commodity that drives development, yet it remains a dangerous force that can kill us if we take it for granted. That is why strict adherence to safety protocols—even when they seem bureaucratic or laborious—is critical.”
He urged employees to maintain vigilance, discipline, and consistent use of PPE to safeguard lives and GRIDCo’s reputation in the energy sector.
The event marked the culmination of activities including a health walk, blood donation drive, workplace ergonomics assessments and presentations, aerobics sessions, and the Interdepartmental Safety Quiz, which was won by Isaac Adade of GRIDCo’s Kumasi Operational Area.
All activities were designed to promote health, well-being, and operational discipline across the company.
The programme, held in Kumasi on Friday, 21 November 2025, was themed “Revolutionising Occupational Safety and Health: The Role of Technology and Innovation.”
It coincided with the International Labour Organisation’s ongoing global conversation on workplace safety.
The 2025 Safety Durbar brought together management, staff, industry experts, and partners in a collective reaffirmation of GRIDCo’s commitment to workplace safety.
It also reiterated the need for GRIDCo’s safety culture to align with international standards.
GRIDCo continues to be at the forefront of nurturing a culture of vigilance and empowering its workforce.
The Safety Awareness Celebration serves as a moment of reflection, appreciation of progress, and recommitment to the collective vision of making GRIDCo a safer and more secure working environment.
The awards segment, which was the highlight of the Safety Durbar, honoured AngloGold Ashanti (Obuasi Mine) with the Collaboration Award for their longstanding work with GRIDCo and for their rapid mobilisation and technical assistance when GRIDCo’s Obuasi Substation suffered a fire in May 2025. Their support helped contain the situation and safeguard the transmission network and power supply requirements in Obuasi.
Meanwhile, AngloGold Ashanti (Obuasi Mine) Energy & Specialist for Engineering, Ing. Kisman Eghan, received the Chief Executive’s Special Award for facilitating engineering support for GRIDCo in the aftermath of the Obuasi substation fire.
Responding to the recognition, Ing. Kisman Eghan stated, “Our two businesses are high-risk, so if you joke with safety, it’s not good. That is why we take a keen interest in safety.”
He reaffirmed AngloGold Ashanti’s commitment to working hand in hand with GRIDCo to uphold protocols and deliver safe, reliable power for Ghana’s mining sector.
He underscored the longstanding partnership with GRIDCo as vital to powering the mining industry, noting that mining operations depend on electricity that is available, reliable, and cost-effective throughout the life of the mine.
He emphasised AngloGold’s core values—safety, respect, integrity, sustainability, excellence, and collaboration—stressing that safety and collaboration are paramount in both mining and energy operations.
Delivering an address on behalf of the Chief Executive, the Deputy Chief Executive (Engineering and Operations), Ing. Frank Otchere, cautioned staff, saying, “Electricity is the very commodity that drives development, yet it remains a dangerous force that can kill us if we take it for granted. That is why strict adherence to safety protocols—even when they seem bureaucratic or laborious—is critical.”
He urged employees to maintain vigilance, discipline, and consistent use of PPE to safeguard lives and GRIDCo’s reputation in the energy sector.
The event marked the culmination of activities including a health walk, blood donation drive, workplace ergonomics assessments and presentations, aerobics sessions, and the Interdepartmental Safety Quiz, which was won by Isaac Adade of GRIDCo’s Kumasi Operational Area.
All activities were designed to promote health, well-being, and operational discipline across the company.
The programme, held in Kumasi on Friday, 21 November 2025, was themed “Revolutionising Occupational Safety and Health: The Role of Technology and Innovation.”
It coincided with the International Labour Organisation’s ongoing global conversation on workplace safety.
The 2025 Safety Durbar brought together management, staff, industry experts, and partners in a collective reaffirmation of GRIDCo’s commitment to workplace safety.
It also reiterated the need for GRIDCo’s safety culture to align with international standards.
GRIDCo continues to be at the forefront of nurturing a culture of vigilance and empowering its workforce.
The Safety Awareness Celebration serves as a moment of reflection, appreciation of progress, and recommitment to the collective vision of making GRIDCo a safer and more secure working environment. Venture Global Accuses Shell Of Waging A Campaign To Damage Its Business
Venture Global has accused Shell of trying to damage its business by waging a “campaign” against it over the past three years, the Financial Times has reported, citing an internal message that Venture Global’s owners sent out to staff.
“Shell’s action relies on completely baseless claims and is an unfortunate continuation of their three-year campaign to damage Venture Global. This behaviour should be very concerning to Shell’s employees, board of directors and shareholders,” Michael Sabel and Robert Pender, who co-founded Venture Global, wrote to employees in their Thanksgiving message. Shell has sued Venture Global for selling LNG on the spot market while foregoing long-term supply contracts because of delaying the commissioning phase of its first LNG plant at Calcasieu Pass. Shell and other major oil and gas firms accused Venture Global in 2023 of profiteering by selling on the higher-price spot market LNG cargoes that should have been supplied under their long-term contracts. The U.S. firm used a loophole to do that by extending the deadline for officially commissioning the Calcasieu Pass export project. In August, Shell lost the arbitration against Venture Global as the tribunal ruled that the U.S. company had not violated its contractual obligations with its long-term clients. Venture Global claimed that it was under no obligation to honor its long-term commitments until the plant was officially commissioned, which happened earlier this year. Meanwhile, it managed to build a second LNG facility that produced its first LNG at the end of 2024—before the first one was officially commissioned. Now, Shell is appealing the first court’s decision on the arbitration case, taking it to the New York Supreme Court earlier this month. The supermajor has alleged that Venture Global had withheld information from Shell and the arbitration court hearing their original case.Ghana: GNPC, Explorco Dismiss Claim They Valued Springfield E&P’s Assets At US$700 Million
Ghana’s national oil company, GNPC, and its subsidiary Explorco have dismissed claims that they valued wholly‑owned Ghanaian upstream player Springfield E&P’s assets at US$700 million, nor did they advise the government to make any payment on the basis of such a valuation.
A statement issued on Monday clarified that, as part of its commercial mandate, the corporation routinely evaluates assets under various scenarios and assumptions, including price, costs and volumes, and may adopt different perspectives depending on whether it is acting as a buyer or a seller.
“Such a process does not constitute a decision on any particular value at any time,” the company stated.
GNPC and its subsidiary, GNPC Explorco, also rejected claims that they supplied outdated datasets or withheld updated technical information from a U.S.-based consultant, Ryder Scott Company (Sewell), contracted to evaluate Springfield E&P’s assets.
“We did not provide Sewell with any secondary data,” the company emphasised.
According to GNPC, Sewell’s own report clearly states that all data used in its assessment were provided solely by Springfield E&P. GNPC added that Springfield neither informed the corporation nor sought approval before submitting the dataset to Sewell.
It would be recalled that on Wednesday, November 19, 2025, the Ministry of Energy and Green Transition announced in a statement that GNPC and Explorco had begun what it described as “constructive discussions” regarding a possible takeover of Springfield E&P’s Afina-1X well within the WCTP Block 2.
The ministry explained that the move aimed to help reverse the decline in crude oil production, which currently stands at about 150,000 barrels of oil per day (bopd), down from over 200,000 bopd in 2019.
However, the purported takeover plan has heightened concerns among some civil society organisations and social commentators.
The Afina-1X well, originally drilled in 2019, is located at a water depth of 1,030 metres and reaches a total depth of 4,085 metres. The well uncovered a 65-metre-thick light oil reservoir, with 50 metres of net oil pay in high-quality Cenomanian sandstone formations.
An additional 10 metres of gas- and condensate-bearing sands were encountered in Turonian-age formations at the structure’s edge.
Springfield E&P later claimed that the Afina-1X discovery straddles Eni’s Sankofa field, which also lies within the WCTP area. This claim prompted the Ministry of Energy under the previous government to direct both companies to jointly develop the resource for the nation’s maximum benefit.
The directive led to a dispute between the two companies, with Springfield E&P filing a lawsuit against Eni in Ghana, while Eni initiated legal action against Springfield E&P in London.
To restore harmony in the upstream sector and rebuild investor confidence, President John Dramani Mahama, upon assuming office, reversed the directive— a decision later confirmed by the Ministry of Energy and Green Transition in a statement to the media.
Following the reversal, Eni and its OCTP partners signed an MoU during the Africa Oil Week (AOW) in Accra in September 2025 to invest US$1.5 billion in their operations in Ghana.
Ghana: DR Congo Petroleum Regulators, Marketers Visit NPA To Study Its Operations
Ghana’s National Petroleum Authority (NPA), the regulator of the petroleum downstream sector, has hosted a team of petroleum regulators and marketers from the Democratic Republic of Congo (DRC) who are in the country to understudy Ghana’s downstream petroleum operations.
The visit focused on learning about the NPA’s role in promoting transparency, efficiency, and safety in the downstream petroleum industry.
Welcoming the delegation, the NPA Chief Executive, Mr. Godwin Kudzo Tameklo, Esq., said the choice of Ghana for the study tour “underscores a desire by the team to learn a lot.”
He noted that the Authority has accumulated 20 years of experience in regulating Ghana’s downstream petroleum sector.
Mr. Tameklo said the NPA has introduced several policies and technological innovations to enhance effective regulation of the industry.
He cited the Bulk Road Vehicle (BRV) Tracking System and the Unified Petroleum Price Fund (UPPF) as key initiatives used to monitor fuel tanker movements and ensure uniform petroleum pricing across the country.
The NPA Boss said the DRC team could tap into Ghana’s experience and replicate similar interventions in their country.
“You do not have to reinvent the wheel. You can learn from the NPA’s experience. I believe that you will take your time so that your visit will be worthwhile,” he told the delegation.
Mr. Tameklo added that the downstream petroleum sector contributes between eight and nine percent to Ghana’s Gross Domestic Product (GDP), serving the aviation, telecommunications, and other key sectors of the economy.
“It is a pillar of the entire economy,” he emphasized.
In his response, the leader of the delegation, Mr. Jacque Mayinga, said the team was ready to learn from the NPA to improve downstream petroleum regulation and operations in the DRC.
Ghana: Former BOST Energies MD Released After Meeting GH¢30m Bail
The immediate past Managing Director of Bulk Energies — formerly the Bulk Oil Storage and Transportation (BOST) Company Limited — Dr. Alfred Edwin Provencal, was released from the custody of the Economic and Organised Crime Office (EOCO) on Tuesday after meeting his GH¢30 million bail condition.
The anti-corruption agency had arrested him at the Kotoka International Airport (KIA) on Monday, November 10, while he was attempting to board a flight to Maputo, Mozambique.
He was reportedly placed on a stop list as part of ongoing investigations into an alleged case of causing financial loss to the state during his tenure at BOST Energies.
Sources close to him indicated that he had been accused of causing financial loss to the state for allegedly failing to expedite the clearance of petroleum products imported by BOST Energies, which remained at the port and attracted demurrage charges.
Speaking to journalists after his release, his legal counsel, Charles Okyere, expressed gratitude to all who had shown solidarity throughout the period.
“Finally, he has met the bail condition, so he has been allowed to go home. He is really thankful for the support,” he said.
Togo: UK Commits €62 Million To Expand Electricity Access In Rural Communities
The United Kingdom has signed a €62 million (approximately CFA40 billion) financing agreement with the Togolese government to expand electricity access to rural communities in Togo.
The agreement was signed on the sidelines of the fourth edition of the UK–West and Central Francophone Africa Forum (UK-WCAF IV) in Lomé.
The funding will support the electrification of 312 rural localities, directly benefiting nearly 250,000 people.
The project includes the construction of 1,300 km of medium-voltage lines, 882 km of low-voltage lines, and 312 transformer stations.
The signing of this agreement—one of the first tangible outcomes of UK-WCAF IV—comes as Togo intensifies efforts to achieve universal electricity access by 2030.
Previous initiatives implemented with partner support have already helped the country reach an electricity access rate of 70% by the end of 2024.
In a parallel effort to improve energy access, particularly in rural areas, Lomé and Beijing concluded an agreement in early November for the supply of solar kits under the Africa Solar Belt project.
This initiative, aimed at supporting the energy transition and combating climate change, involves the donation of 3,900 photovoltaic kits to meet the energy needs of more than 20,000 Togolese living in areas not yet connected to the national grid.
Nigeria: Dangote Refinery Partners With U.S. Firm Honeywell To Drive 1.4 Million BPD Expansion
Africa’s largest petroleum refinery, the Dangote Petroleum Refinery in Lagos, Nigeria, on Tuesday announced that it has selected U.S.-based Honeywell as its strategic partner for the planned expansion of its capacity from 600,000 barrels per day to 1.4 million barrels per day by 2028.
If achieved, this milestone would make the Dangote Refinery the world’s largest single-location refining complex.
This latest development comes just a month after the founder and Chairman, Aliko Dangote, unveiled the refinery’s expansion programme.
According to the refinery’s management, Honeywell will supply catalysts, specialist equipment, and technology solutions to enable the facility to process a broader slate of crude grades. The collaboration is expected to significantly enhance operational efficiency and support the projected ramp-up in output.
“Dangote Group is pleased to announce that it has entered a strategic partnership with Honeywell International Inc. to support the next phase of expansion of the Dangote Petroleum Refinery. This collaboration will provide advanced technology and services that will enable the refinery to increase its processing capacity to 1.4 million barrels per day by 2028, marking a major milestone in our long-term vision to build the world’s largest petroleum refining complex.
“Through this agreement, Honeywell will supply specialised catalysts, equipment, and process technologies that will allow the refinery to process a broader slate of crude grades efficiently, while further enhancing product quality and operational reliability,” the statement said.
Under the deal, Dangote will also deploy Honeywell UOP’s Oleflex technology to boost its polypropylene capacity to 2.4 million metric tonnes per year, strengthening Nigeria’s position in the global petrochemicals market.
Although the financial terms were not disclosed, a source familiar with the transaction indicated that the agreement could exceed US$250 million, depending on the final configuration of the expansion.
“Dangote Group is also advancing its petrochemical footprint. As part of the wider collaboration, we are scaling our polypropylene capacity to 2.4 million metric tonnes annually using Honeywell’s Oleflex technology. Polypropylene is a key industrial material widely used across packaging, manufacturing, and automotive applications.
“While contracts of such nature tend to vary based on project complexity, a source familiar with the situation said it could be valued at over US$250 million,” it noted.
Honeywell, a global Fortune 100 industrial and technology company, offers a broad portfolio of solutions across aviation, automotive, industrial automation, and advanced materials.
Honeywell’s UOP division has been a technology partner to Dangote since 2017, providing proprietary refining systems, catalyst regeneration equipment, high-performance column trays, and heat-exchanger technologies that support the refinery’s operations.
In addition to the refinery expansion, the statement noted that the group is also progressing with the next phase of its fertiliser growth plan in Nigeria.
“Dangote Group is pleased to announce that it has entered a strategic partnership with Honeywell International Inc. to support the next phase of expansion of the Dangote Petroleum Refinery. This collaboration will provide advanced technology and services that will enable the refinery to increase its processing capacity to 1.4 million barrels per day by 2028, marking a major milestone in our long-term vision to build the world’s largest petroleum refining complex.
“Through this agreement, Honeywell will supply specialised catalysts, equipment, and process technologies that will allow the refinery to process a broader slate of crude grades efficiently, while further enhancing product quality and operational reliability,” the statement said.
Under the deal, Dangote will also deploy Honeywell UOP’s Oleflex technology to boost its polypropylene capacity to 2.4 million metric tonnes per year, strengthening Nigeria’s position in the global petrochemicals market.
Although the financial terms were not disclosed, a source familiar with the transaction indicated that the agreement could exceed US$250 million, depending on the final configuration of the expansion.
“Dangote Group is also advancing its petrochemical footprint. As part of the wider collaboration, we are scaling our polypropylene capacity to 2.4 million metric tonnes annually using Honeywell’s Oleflex technology. Polypropylene is a key industrial material widely used across packaging, manufacturing, and automotive applications.
“While contracts of such nature tend to vary based on project complexity, a source familiar with the situation said it could be valued at over US$250 million,” it noted.
Honeywell, a global Fortune 100 industrial and technology company, offers a broad portfolio of solutions across aviation, automotive, industrial automation, and advanced materials.
Honeywell’s UOP division has been a technology partner to Dangote since 2017, providing proprietary refining systems, catalyst regeneration equipment, high-performance column trays, and heat-exchanger technologies that support the refinery’s operations.
In addition to the refinery expansion, the statement noted that the group is also progressing with the next phase of its fertiliser growth plan in Nigeria.