Nigeria National Petroleum Co Ltd (NNPC) on Monday announced a memorandum of understanding (MoU) with Sanjiang Chemical Co Ltd and Xinganchen (Fuzhou) Industrial Park Operation and Management Co Ltd to restart the Port Harcourt and Warri refineries.
Nigeria’s government has approved Eni to proceed with the USD 7.3-billion Zabazaba deepwater project and the USD 3-billion Etan field development, Africa Energy Council reported on Thursday.
Sierra Leone has signed an offshore petroleum licence agreement with Nigeria-based Marginal Energy, Reuters reported on Thursday. The licence grants exploration and production rights over offshore blocks G-145, G-146, G-147, G-160 and G-161, which together cover approximately 6,800 square kilometres. Under the terms of the agreement, Marginal Energy has committed to conducting a seismic acquisition […]
Nigeria supplied about 68 per cent of the total gas volumes transported through the West African Gas Pipeline (WAGP) since its inception in 2011, as cumulative deliveries hit 613.7 million MMBtu, reinforcing the country’s dominant position in regional energy supply.
The Nigerian National Petroleum Company (NNPC) Limited has launched exports of Nigeria’s new Cawthorne crude grade with a first cargo bound for the Netherlands, NNPCL announced on Wednesday.
The American oil conglomerate, ExxonMobil, recently stated that it is nearing a $10 billion foreign investment decision with Africa’s largest oil producer, Nigeria.
Nigeria is positioning its oil and gas sector for renewed investment as government officials prepare to engage with global stakeholders at the Invest in African Energy Forum in Paris next month.
A flame rises from a gas flare at the Dangote Industries oil refinery and fertilizer plant site in the Ibeju Lekki district of Lagos, Nigeria
Despite the fact that Nigeria is now home to the biggest oil refinery in Africa, Nigeria’s gasoline prices have soared to a record high amid the war in the Middle East.
Nigeria has slashed the time it takes to approve applications to revive idle oil wells from weeks to hours as Africa’s top crude producer seeks to take advantage of high energy prices.