Nigeria is moving to channel a larger share of oil and gas revenue into state coffers as part of broader fiscal reforms aimed at strengthening public finances and improving transparency in the upstream sector. Under a new directive signed this month, all income from production-sharing contracts will be paid into the Federation Account rather than being […]
TotalEnergies EP Nigeria Limited, the upstream arm of TotalEnergies companies in Nigeria, has reaffirmed its commitment to expanding Nigeria’s energy supply through a strong focus on growing the country’s oil and gas production and expanding electricity generation while reducing the carbon intensity of its operations.
Nigeria would be saving up to $10 billion annually in foreign exchange previously spent on fuel imports as Dangote Refinery sustains capacity production
The Government of Ghana has pledged its commitment to importing petroleum products from the Dangote Petroleum Refinery in Lagos, Nigeria.
Nigeria has slashed entry fees for its 2025 oil licensing round, reducing signature bonuses to between $3 million and $7 million as the government seeks to revive production and draw fresh capital into the upstream petroleum sector.
Mathieu Castellani, managing director of Ponticelli Nigeria, talks to The Energy Year about ramping up local fabrication to deliver complex offshore projects and building a stable growth path through maintenance services. In Nigeria, Ponticelli operates as an integrated oil and gas contractor focused on engineering, construction and maintenance.
The Nigerian National Petroleum Company Limited (NNPC Ltd) has confirmed the discovery of significant volumes of oil across multiple reservoir zones in the Awodi-07 well, located in the shallow offshore western Niger Delta.
Nigeria National Petroleum Company Limited and Chevron Nigeria Limited, through their joint venture NNPCL/CNL JV, have made an oil discovery in the Awodi-07 offshore well in Nigeria’s Niger Delta, the companies announced on Friday.
Despite two decades of being handed preferential access to global markets, Nigeria remains trapped in oil dependence as many deals fail to deliver the much-needed diversification.
Africa’s largest crude oil producer, Nigeria, attracted $5.3 billion in upstream capital investment in 2025, accounting for about 38 per cent of all major project sanctions on the continent over the past 24 months.