Emmanuel Johnson sees Abuja’s partnership with the group as a way to boost economic growth and geopolitical influence Nigeria’s recent accession to BRICS as a partner state is a major step towards economic revival […]
Two months ago, Nigeria’s beleaguered energy sector witnessed a very significant event: the Dangote Oil Refinery began producing gasoline and selling it domestically to Nigeria’s state oil firm, Nigerian National Petroleum Company (NNPC), marking the first […]
Canadian oil and gas company Africa Oil Corp. has received a set of clearances from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) – one for the amalgamation of its wholly owned subsidiary Africa Oil Papa […]
Dubai-based Shelf Drilling has landed new contracts for two jackup rigs in Nigeria. The Oslo-listed jackup rig pure-play has firmed up the letter of award from September into a three-year contract for the Shelf Drilling […]
Africa’s largest oil producers, like Nigeria and Libya, have struggled to capitalize on recent high oil prices. International oil companies have reduced investments in Africa’s traditional oil fields, focusing on offshore opportunities in regions like […]
NNPC, which has a 49 percent stake in Nigeria LNG, the operator of the six-train 22 mtpa facility on Bonny Island, said in a statement on Monday it has achieved the milestone through the collaboration of […]
Nigerian regulators said they expect to formally consent to Exxon Mobil Corp.’s sale of its oil and gas assets to Seplat Energy Plc within four months, ending a hiatus that has stalled the conclusion of a transaction that […]
THE outlook for Nigeria’s oil output, including condensate, remains gloomy at 1.4 million barrels per day, mbpd, in the second half of 2024, according to industry data and forecast. The output forecast is far below the 1.8mbpd […]
State-run Nigerian National Petroleum Corp and its partners plan to build three liquefied natural gas (LNG) stations for vehicles in Nigeria. NNPC said in a statement that the LNG stations would be located Ajaokuta, but […]
Nigeria, the biggest oil producer in Africa, is considering ways to curb soaring inflation, including by giving the central bank powers to use gold to boost reserves. Nigerian lawmakers are discussing a bill to create […]
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