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HomeNigeria

Nigeria

Nigeria
LNG

NNPC to build three LNG stations in Nigeria

July 12, 2024 Mariel Alumit

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 […]

Oil Producer
Finance

Africa’s Top Oil Producer Aims to Fight Soaring Inflation with Gold Reserves

July 9, 2024 Mariel Alumit

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 […]

OPEC’s Oil Production
Crude Oil News

OPEC’s Oil Production Continues to Rise Despite OPEC+ Pledges

July 2, 2024 Mariel Alumit

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 […]

Fossil Fuels
Electrical Generation / Utilities

If Elites Really Gave A Damn About Humanity, They Wouldn’t Be Trying to Ban Fossil Fuels

June 25, 2024 Mariel Alumit

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, […]

TotalEnergies
LNG

TotalEnergies, NNPC take FID on new gas project to supply Nigeria LNG plant

June 21, 2024 Stu Turley

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 […]

Oil
Crude Oil News

Nigerian Oil Agencies Spar Over the Country’s True Production Figures

May 23, 2024 Mariel Alumit

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 […]

electricity
Electrical Generation / Utilities

Nigerian unions rally against drastic electricity tariff hikes

May 14, 2024 Mariel Alumit

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
Crude Oil News

Nigeria to Boost Oil Production by 40,000 Bpd as New Field Starts Up

May 13, 2024 Mariel Alumit

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 […]

Nigeria
Finance

Nigeria Expects FID on Gas Pipeline with Morocco by Year-End

March 25, 2024 Mariel Alumit

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 […]

UTM
LNG

UTM pushes back FID on Nigeria’s first FLNG project

March 21, 2024 Stu Turley

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 […]

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