Uganda police detain 21 activists over oil protest

Uganda police detain 21 activists over oil protest

Police in Uganda have detained 21 environmental activists for demonstrating against ongoing oil developments in the west of the country. The campaigners argue the multi-billion-dollar oil project will have dire consequences for the local communities and the environment. Michael Baleke reports from Kampala. News Central Africa reports Total Energies and the China National Offshore Oil Corporation are conducting drilling activities in Lake Albert. The lake is believed to hold […]

August 27, 2024 47

Africa

Dangote’s bid buy crude in Nigerian currency approved

Nigeria's government has approved the sale of crude oil to the Dangote refinery in the local currency, the Naira. The government asked the state-owned oil company, Nigerian National Petroleum Company Limited to sell the crude to Dangote and other refineries with immediate effect. The decision puts an end to the dispute between Dangote refinery and oil regulators over crude supply. Reuters reports that the $20 billion Dangote refinery, Nigeria's […]

July 30, 2024 22

Business / Economics

How Dangote refinery is flipping the script on Africa’s oil

By Bonface Orucho, bird story agency Nigeria's Dangote refinery, a 650,000 barrels per day facility, has recently exported its first-ever jet fuel cargo to Europe, a move that signals not just growing production, but Africa's potential to become a major player in the global petroleum market. S&P Global in a report on May 30 explains that Bp, a British multinational oil and gas company, transported […]

June 6, 2024 39

Business / Economics

Namibia may tap its trillion dollar oil & gas windfall to fuel renewables ambitions.

By Bonface Orucho, bird story agency Namibia has been advancing extensive oil and gas exploration, and making substantial discoveries. Portuguese oil and gas company recently announced another discovery of “a significant column” of light oil in high-quality reservoirs. A press statement from Galp on March 15, confirmed the find at the Mopane-2X well in the larger Orange Basin, off the Namibian Coast, adding to its oil discovery […]

March 20, 2024 49