Nigerian Oil Industry

NNPC and NOSL commence oil production at OML 13, marking a significant increase in Nigeria’s oil production capacity and offering economic growth prospects.

NNPCL’s latest financials highlight a major shift towards trading, despite record profits, and challenges in upstream oil operations.

Nigeria’s Port Harcourt refinery is on the brink of a historic restart, promising to reshape the nation’s oil industry and reduce dependency on imported fuels.

Equinor’s strategic divestiture of its Nigerian oil fields, particularly the Agbami field, to Chappal Energies marks a significant realignment of its global operations.

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 …