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Nigeria
Oil & Gas Trade
US Slashes Nigerian Oil Imports by 11.67m Barrels
The United States slashed its imports of Nigerian crude oil to 9.37 million barrels in the first five months of this year, 11.67 million barrels lower than what…
Nigeria
NPDC Planning 500,000 barrel of Crude Oil Per Day
Group Managing Director of the Nigeria National Petroleum Corporation, Mele Kyari, has assured that the Nigeria Petroleum Development Company will scale up its …
Oil & Gas Trade
OPEC+ Seeks to Defend Oil-Market Gains as Demand Outlook Darkens
OPEC and its allies have achieved the oil-market equivalent of a high-wire act: increasing supply even as demand remains depleted, without crashing prices.
Oil and Gas Equipment
Nigeria: Rainoil’s New 8000metric ton LPG Tank Helps Widen Expansion
Rainoil Limited’s newly built 8000metric ton capacity Liquefied Petroleum Gas tank, with fleet capacity of 40 trucks, has been launched, targeted at deepening …
Nigeria
Nigeria Govt Reiterates Pledge to Unlock Opportunities in Gas Sector
The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Mele Kyari, has said Africa, particularly Nigeria, has huge gas resources which can…
Power Construction
Nigeria’s Grid is Set for a Make-Over to Boost Capacity
Siemens’ pre-engineering contract to expand Nigeria’s grid capacity to 25,000MW has been approved.
IFC Assists SMEs in Nigeria to Navigate Economic Challenges
International Finance Corporation is providing a loan of up to $50 million to Access Bank to help the bank increase liquidity to thousands.
South Africa
SA's Sasol to Sell Escravos Gas-to-Liquids Plant to Chevron
South African petrochemicals giant Sasol said on Wednesday it would sell its indirect interest in the Escravos gas-to-liquids plant in Nigeria to Chevron for an…
Crude Oil
Saudi Prince Phones Nigeria to Bring Them in Line with OPEC+ Cuts
Saudi Arabia, de facto leader of the OPEC cartel, held a call with fellow member Nigeria as the organization strives to deliver production cuts aimed at bolster…
Nigeria
Nigeria: President Buhari to Launch AKK Gas Pipeline Project
Muhammadu Buhari, Nigeria's President, is expected to start work on the 40-inch x 614km AKK gas pipeline on June 30.
Power Construction
Nigeria: Electricity Tariff Increase to Take Effect on 1 July
Electricity distribution companies in Nigeria have announced that a new electricity tariff increase will be rolled-out with effect from 1 July 2020.
Africa Energy
Nigeria Plans to Tender 57 Marginal Oil Fields
The Nigerian Ministry of Petroleum Resources has announced that it will open a new round of bidding for oilfield development this year, involving 57 marginal oi…
Africa Energy
Nigeria's Power Generation Falls to 2,943MW as 10 Plants Remain Idle
Darkness persisted across several parts of the country on Sunday as 10 power plants sat idle.
Africa Energy
Nigeria Now in Full Compliance with Daily Oil Output
Nigeria had previously failed at complying completely with its promised cuts in past months.
Power Construction
Nigeria's Stranded Electricity Hits 4,159MW as GenCos Seek Unbundling of TCN
Electricity Generation Companies have said although they have increased their generation capacity to 8,145Mega Watts in 2020, they only produce 3,987mw for Nige…
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