Once seen as a potential solution to Nigeria’s reliance on fuel imports, the refinery’s development has been plagued by uncertainty, leading to questions about its ability to meet the country’s energy needs.
The Sh258 million paid to the Turkana county government was a settlement for accrued levies chargeable under the devolved unit’s Finance Act, Tullow Oil Company has said.
TotalEnergies has sold its minority share in a major Nigerian onshore oil joint venture to Mauritius-based Chappal Energies for $860 million, the French energy group said on Wednesday.
Tenaz Energy Corp. has entered into an agreement with Nederlandse Aardolie Maatschappij B.V. (“NAM”), a 50/50 joint venture between Shell and ExxonMobil, to acquire all of the issued and outstanding shares of NAM Offshore B.V. (“NOBV”) for $246 million.
The Dangote Refinery said it is seeking crude oil import from Libya and Angola amid a supply challenge in Nigeria.
President Bola Tinubu on Friday in Abuja commended international energy company, ENI, for its proposed new investment in Nigeria, reiterating his vision of making the nation more globally competitive and an investment destination.
The Nigerian government has reached an agreement with international oil companies, paving the way for the sale of crude oil to domestic refiners at market prices.
Planned FIDs on new offshore gas projects in Southeast Asia could lead to $100 billion of investments, according to Rystad Energy.
Key global energy companies including Vitol, Africa Oil Corp and ERHC Energy Inc. are ready to present Africa’s premier energy sector opportunities at the Invest in African Energy reception in London organised by the African Energy Chamber (AEC).
African intergovernmental organization the African Petroleum Producers Organization (APPO) held an executive retreat to discuss the future of the African oil and gas sector amidst the ongoing energy transition on July 8-9. The retreat was in preparation for the opening ceremony of APPO’s 18th Executive Board Meeting which will be held on Thursday June 11, where the Republic of the Congo’s Minister of Hydrocarbons Bruno Jean Itoua and APPO’s Alternate President will give an opening address.