Higher production in Nigeria and Iran boosted OPEC’s oil production in June for a second month in a row, according to the monthly Reuters survey published on Tuesday. OPEC’s all 12 producers pumped 26.7 million barrels per […]
Almost half the world — over three billion people — live on less than $2.50 a day and billions living with little to no access to electricity, like those living in places like Africa, Brazil, China, India, Indonesia, […]
France’s TotalEnergies and Nigeria’s NNPC have taken the final investment decision for the development of the Ubeta gas field to supply Nigeria LNG’s Bonny Island plant. TotalEnergies, operator of OML 58 onshore license in Nigeria […]
Two separate agencies regulating Nigeria’s oil industry have offered wildly different figures for the country’s actual oil production, with one agency recording a 17% shortfall with some $3.3 million at stake, Nigerian Vanguard reported on […]
Protesters picketed utility offices in major cities, demanding action against price hikes amid a national cost-of-living crisis Protests led by Nigeria’s labor unions erupted on Monday over an unprecedented increase in electricity tariffs, with demonstrators […]
Nigeria has launched oil production from a new field in the Niger Delta region, which is expected to raise crude output at Africa’s top oil producer by 40,000 barrels per day (bpd) by the end […]
The final investment decision (FID) on the planned $25 billion Nigeria-Morocco pipeline linking North and West Africa could be reached by December, a senior Nigerian oil official said. Nigerian National Petroleum Co. Ltd. (NNPC) chief […]
Nigeria’s UTM Offshore has again delayed a final investment decision on Nigeria’s first floating LNG project. The company’s managing director and chief executive, Julius Rone, told LNG Prime on Monday that UTM now expects to […]
The West African nation’s authorities are investigating Binance and others for alleged terrorism financing and money laundering Major global cryptocurrency exchange Binance has announced that it will halt all transactions and trading in Nigeria’s […]
South Korea’s Daewoo E&C has completed the installation of a giant heat exchanger at the seventh train of Nigeria LNG’s Bonny Island plant. Daewoo E&C said in a statement that this is the world’s largest […]
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