YENAGOA, Aug 9 (Reuters) – Nigeria LNG on Wednesday said the force majeure it declared in October due to widespread flooding that disrupted supply is continuing.
A military coup in Niger leading to the overthrow of the democratic government which has forced the shuttering of borders has ended planned exports of Nigerian petrol across the continent as demand decreases at home.
Oil and gas companies in Nigeria flared 138.7 million metric standard cubic feet of gas in the first half (H1) of 2023, the Nigerian Oil Spill Monitor, an arm of the Nigerian Oil Spill Detection and Response Agency, (NOSDRA) has said.
Nigerian oil and gas firms, including top international oil companies, have been ranked among some of the worst offenders in the implementation of the 2015 Paris climate deal, multinational nonprofit platform, CDP has said.
Nigeria and Angola are now the biggest crude oil drilling markets in Africa, according to an Offshore Rigs Tracker, the Hawilti and the Caverton Offshore Support Group Plc
The local content in Nigeria’s oil and gas sector has experienced a significant surge, recording a rise of about 54 per cent in 2022 compared to 26 per cent in 2017.
Nigeria, OPEC’s largest producer in Africa, aims to significantly increase its oil production to up to 1.7 million barrels per day (bpd) by November 2023, hoping to win a higher quota in the OPEC+ agreement, Gabriel Tanimu Aduda, Permanent Secretary at Nigeria’s Ministry of Petroleum Resources, told Energy Intelligence on the sidelines of the OPEC+ seminar in Vienna this week.
Oil and gas companies in Nigeria have flared gas worth $485.3 million in the first six months of 2023, a development hinged largely on improved crude oil production.
Nigeria’s rising crude oil production has reduced the declining output by the other member countries of the Organisation of Petroleum Exporting Countries (OPEC), a survey has shown.
Nigerian authorities and Shell’s local subsidiary were on Monday investigating the cause of an oil spill on the Trans Niger pipeline that lasted several days.