Tag: Nigeria

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Libya Overtakes Nigeria as Africa’s Leading Oil Producer

Libya has historically eclipsed Nigeria as the continent's top oil producer after surpassing Angola as Africa's second-largest oil production in December 2020. Nigerian oil production fell to 1.23 million barrels...
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OPEC+ Should Not Rush to Increase Production Despite Rising Prices – Saudi and Nigeria Oil Ministers

Saudi Arabia's oil minister, Abdulaziz bin Salman, stated in an interview with Bloomberg that OPEC+ needed to be careful in its approach to oil production changes despite rising prices. Higher...
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Senate Confirms Nigerian Midstream and Downstream Petroleum Regulatory Authority’s Leadership

The Senate confirmed four nominees for members of the Nigerian Midstream and Downstream Petroleum Regulatory Authority on Thursday. They are Chairman Idaere Gogo Ogan, Chief Executive Officer Farouk A. Ahmed,...
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Senate Confirms Nigerian Upstream Regulatory Commission Leadership; Scraps DPR

According to the requirements of the newly approved Petroleum Industry Act (PIA), the Nigerian Senate confirmed the nomination of board members of the Nigerian Upstream Regulatory Commission (NURC), resulting in...
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Nigeria: Sylva Inaugurates the Nigerian Content Research & Development Fund

On Thursday, Timipre Sylva, Nigeria’s Minister of State for Petroleum Resources, represented by the Permanent Secretary of the Ministry of Petroleum Resources, Dr Nasir Sani-Gwarzo, launched the Nigerian Content Research...
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Banning Fossil Fuel Investments Would Crush Africa – Prof. Yemi Osinbajo

Professor Yemi Osinbajo, the vice president of the Federal Republic of Nigeria, offered his thoughts on the western world's planned shift away from fossil fuels and the impact it will...
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PGS Progresses in Data Coverage from Côte d’Ivoire to Nigeria with New Data

The most recent PGS MegaSurvey data exposes Tano Basin prospectivity from the shelf to deep water, adding to its ongoing data coverage from Côte d'Ivoire to Nigeria. This PGS data...
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Nigerian Oil Company Eterna to Sell 61% of its Stock to a New Investor

Following a deal with seven significant shareholders in the oil market to acquire their combined positions, a new majority shareholder is on track to buy out more than three-fifths of...
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More Modular Refineries to Commence Operations in Nigeria Soon – Minister

The Minister of State for Petroleum Resources, Timipre Sylva, said the modular refineries programme to improve domestic crude oil output in the country is on track in an interview with...
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Lukoil Pledges to Expand its Operations in Nigeria

Nigeria has reached an oil deal with Lukoil Corporation Nigeria Limited, a subsidiary of Russia's largest oil company and operator of the OML 140 Oil Block, to extend operations in...
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