Nigeria has faced a significant setback in its crude oil production, failing to meet its Organisation of Petroleum Exporting Countries (OPEC) quota and resulting in an estimated loss of $13.5 …
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In a significant setback for Nigeria’s oil and gas industry, Shell has reportedly withdrawn from a Memorandum of Understanding (MoU) with the Nigerian National Petroleum Company Limited (NNPC) and the …
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In the Chimanimani district, a transformative biogas project by Practical Action is making a significant impact. Beneficiaries say it’s changing lives and promoting sustainable natural resource use. This project provides …
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Arla Foods Nigeria, the producer of Dano milk, has embarked on an ambitious four-year energy transition plan. This plan involves constructing a solar power plant at its state-of-the-art dairy farm …
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Oando Plc, Nigeria’s leading indigenous energy firm, has recently partnered with Afreximbank to facilitate a major acquisition. They signed an $800 million loan agreement to fully acquire the Nigerian Agip …
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In Lagos, at the 41st annual international conference of the Nigerian Association of Petroleum Explorationists, the Nigerian National Petroleum Company Limited’s (NNPCL) Managing Director, Mele Kyari, raised concerns over the …
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In a remarkable financial development, the Nigerian Exchange Limited (NGX) Oil & Gas index has outperformed other indices on the bourse year-to-date (YtD). The NGX Oil & Gas index appreciated …
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The Nigerian National Petroleum Company Limited (NNPCL) plans a significant change. It aims to import 110,000 barrels of crude oil daily from Venezuela or Saudi Arabia. This move will support …
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Africa’s burgeoning geothermal sector will attract a remarkable $35 billion in investments by 2050. Rystad Energy’s recent report highlights this significant growth trajectory, emphasizing the focus on Kenya and Ethiopia …
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Two years into the enactment of Nigeria’s Petroleum Industry Act (PIA), the anticipated benefits for the oil and gas sector and the broader economy remain unrealized. Political interference and selective …