Nigeria’s oil production rose 106,000 month-on-month to 1.48 million barrels per day in the month of May. That’s according to data from OPEC Monthly Oil Market Report. Meanwhile, investors continue to monitor the fragile Middle East ceasefire and await outcome of talks between U.S. President Donald Trump and China’s Xi Jinping in Beijing. Chinnan Dikwal, Vice Chair of African Energy Council joins CNBC Africa for more.
After a series of failed and costly attempts to revamp its aging refineries, Nigeria’s national oil company, the Nigerian National Petroleum Company Limited (NNPC), has signed a new agreement with Chinese firms to revive its moribund facilities. The NNPC has signed a Memorandum of Understanding (MoU) with Sanjiang Chemical Company Limited and Xinganchen (Fuzhou) Industrial […]
Africa’s richest person, Aliko Dangote, is targeting a $50 billion valuation for his flagship refinery business ahead of a planned stock market listing in Nigeria later this year, people familiar with the matter have told Bloomberg.
Nigeria has sharply increased its share of Africa’s upstream final investment decisions (FIDs) following a series of energy sector reforms aimed at restoring investor confidence and accelerating project approvals.
Oladayo Williams, managing director of Tetracore Energy Group, talks to The Energy Year about the growing appetite for CNG among industrial, power and transportation companies in Nigeria and the company’s integrated supply model in West Africa.
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.