The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), as part of its strategic initiative to raise national crude production to 2.5 million barrels per day (bpd) by 2026, has revealed plans to reactivate dormant oil fields in the country.
Emadeb Petroleum Exploration & Production Company Limited (Emadeb E&P) yesterday announced that the company had achieved ‘first oil’ from its Ibom Field, Petroleum Prospecting Licence (PPL) 236, a significant boost for Nigeria’s quest for additional crude output.
Nigeria will launch its 2025 oil licensing round on December 1, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) announced. The regulator said the new cycle aims to attract private investment and revive the country’s oil and gas output.
Nigeria is set to consolidate its dominance in Africa’s oil refining landscape as an international energy consortium has secured over $50 billion for the construction of a 500,000-barrel-per-day refinery and a 1,471-hectare free trade zone in Ondo State
Nigeria’s national oil company is set to increase oil production to 2 million barrels daily over the next two years, its executive vice president for upstream said. By 2030, NNPC will be pumping 3 million barrels daily, Udy Ntia also said, as quoted by the News Agency of Nigeria.
Nigeria’s Dangote Refinery will expand capacity to 1.4 million bpd by 2028 with the addition of a new 750,000 bpd processing line, Argus reported on Monday. The second line will be built in Lagos alongside Dangote’s existing 650,000-bpd unit, which began commercial operations in 2024. A potential capacity expansion was part of the facility’s original […]
The West Africa oil and gas market is demonstrating strong growth potential, driven by global energy demand and rich reserves in the region, the 2025 West Africa Oil and Gas Outlook by Deloitte has revealed. According to the report, the West African oil and gas market represents a Compound Annual Growth Rate (CAGR) of 6.5% […]
HI also supports Shell’s plan announced on Capital Market Day 2025 to start up upstream and integrated gas projects with a total capacity of one million barrels of oil equivalent per day between 2025 and 2030. It also contributes to the company’s target to grow top line production across its upstream and integrated gas business by one percent per year through the end of the decade, Shell said.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has approved TotalEnergies SE’s sale of its 12.5 percent stake in Oil Mining Lease (OML) 118, which includes the producing Bonga field, to Shell PLC and Eni SpA for $510 million.
Nigeria’s oil regulator has approved a $510 million deal by TotalEnergies to sell its entire 12.5% interest in oil mining lease (OML) 118, which hosts the offshore Bonga oilfield, to the field’s operator Shell and Agip, the agency said on Thursday. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) said TotalEnergies will transfer 10% of its […]