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  • In the NewsMarketsOil & Gas

    New Nembe Crude Makes Market Debut in London

    by Oluwatosin Racheal Alabi November 8, 2023
    by Oluwatosin Racheal Alabi November 8, 2023

    NNPC-Aiteo JV introduces Nembe crude, offering a low-sulphur, high-quality option to European markets at the Argus Conference in London.

  • In the NewsMarketsOil & Gas

    Nigeria’s Oil Production Boost a $7.6 Billion Necessity

    by Oluwatosin Racheal Alabi November 7, 2023
    by Oluwatosin Racheal Alabi November 7, 2023

    Nigeria requires $7.6 billion to elevate oil output to 2.1 million bpd by 2025, amidst energy sector shifts.

  • In the News

    Nigeria’s Legislators Challenge British Disregard for Judicial Rulings

    by Oluwatosin Racheal Alabi November 1, 2023
    by Oluwatosin Racheal Alabi November 1, 2023

    The Nigerian House of Representatives has opened an investigation into British officials for reportedly ignoring court decisions that cleared businessman Benedict Peters. These officials from the National Crime Agency, the …

  • Energy TransitionIn the News

    Federal Government Advances Clean Energy with Focus on Electric Vehicles and Renewables

    by Oluwatosin Racheal Alabi October 31, 2023
    by Oluwatosin Racheal Alabi October 31, 2023

    In a response to global calls for energy transition, the Nigerian federal government announced intentions to tap into cleaner energy. They aim to develop and expand industries like renewable energy, …

  • Oil & Gas

    Federal Government Owes Gas Producers $1.3 Billion, Claims Oil Traders

    by Oluwatosin Racheal Alabi October 31, 2023
    by Oluwatosin Racheal Alabi October 31, 2023

    The Oil Producers Trade Section (OPTS), affiliated with the Lagos Chamber of Commerce and Industry, revealed Nigeria’s outstanding $1.3 billion debt to gas producers for supplied products. They urged the …

  • In the News

    NUPRC Warns on Crude Oil Supplies to Nigerian Refineries

    by Oluwatosin Racheal Alabi October 30, 2023
    by Oluwatosin Racheal Alabi October 30, 2023

    The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) cautioned companies supplying crude oil to private refineries. They must adhere to regulations or face serious repercussions for economic sabotage. As more private …

  • Oil & Gas

    Germany Eyes West Africa for Enhanced Oil, Gas Imports

    by Oluwatosin Racheal Alabi October 30, 2023
    by Oluwatosin Racheal Alabi October 30, 2023

    To address energy concerns, German Chancellor Olaf Scholz initiates discussions with Nigeria and other West African nations. The focus is on importing more oil and gas. Scholz, on his third …

  • Oil & Gas

    AITEO Launches Innovative Oil Strategy

    by Oluwatosin Racheal Alabi October 28, 2023
    by Oluwatosin Racheal Alabi October 28, 2023

    In a significant move, AITEO, Nigeria’s leading oil producer, introduced a revolutionary oil transport method. The strategy supports President Bola Tinubu’s goal of increased oil production. Oil mogul Benedict Peters’ …

  • Oil & Gas

    Banks Tighten Purse Strings for Oil Refiners Amid Climate Concerns Finance News

    by Oluwatosin Racheal Alabi October 27, 2023
    by Oluwatosin Racheal Alabi October 27, 2023

    In the changing landscape of global finance, oil refiners confront a significant challenge: securing funding. With environmental concerns reshaping fiscal policies, banks worldwide are retracting their financial support for fossil …

  • Energy TransitionOil & Gas

    Ghana Grapples with Severe Power Cuts

    by Oluwatosin Racheal Alabi October 27, 2023
    by Oluwatosin Racheal Alabi October 27, 2023

    In a stark reminder of the complexities of energy security, Ghana faces a significant setback as a gas supply shortage triggers a 550MW plunge in electricity generation, casting parts of …

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Nigeria’s Oil Boom: Record Production in September 2023

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