Nigeria’s oil and gas industry is undergoing a transformative shift, with increasing emphasis on local content. Since the enactment of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act…
Nigeria’s oil and gas sector, long dominated by international oil majors, is witnessing a significant shift as indigenous companies like Seplat Energy and Chappal Energies vie for control of the…
In a landmark transaction, Chappal Energies, a leading Nigerian-owned energy company, has finalized the acquisition of Equinor Nigeria Energy Company (ENEC) in a deal worth up to $1.2 billion. The…
December 5, 2024 – Global and Nigerian Oil Market Analysis The Organization of Petroleum Exporting Countries and its allies (OPEC+) has announced an extension of its oil supply cuts through…
The Nigerian National Petroleum Company Limited (NNPCL) has unveiled the Utapate crude oil blend, a new addition to Nigeria’s energy export portfolio. Currently producing 40,000 barrels per day (bpd), the…
November 20, 2024 – The Dangote Refinery, Africa’s largest oil refinery, has officially commenced exporting petrol to West African nations, a development poised to transform the region’s energy landscape. This…
Fuel prices in Nigeria have been a contentious issue for decades, but recent data has brought regional disparities into sharper focus. With some states experiencing significantly higher pump prices than…
Aliko Dangote, Africa’s wealthiest man, is making bold moves to enhance Nigeria’s energy independence by securing billions of dollars in funding to increase crude oil supplies for his $20 billion…
Crude Oil Production Reached Significant Milestone in November 2024, Says NNPC
NNPC Signs 10-Year Gas Sale Agreement with Dangote Refinery to Boost Nigeria’s Energy Sector In a major step toward achieving energy self-sufficiency in Nigeria, the Nigerian National Petroleum Corporation (NNPC)…