Nigeria Archives | Page 8 of 18

24th February 2021

Algeria is now a Net Exporter of Petrol after Over a Decade of Imports

According to a report from the Algerian Press Agency, North-African oil producer, Algeria, has returned to being a net explorer of the most in-demand product of the distillation of crude...

23rd February 2021

DPR Calls for Investors in Modular Refineries in Nigeria

Nigeria's Department of Petroleum Resources has wooed investors by stating it is ready to license more modular refineries, to help combat the problem of petroleum products scarcity in the country. Speaking...

27th January 2021

Conoil Pays Deposit for Chevron’s Equity in Nigeria’s OMLs 86 and 88

Nigerian independent owned Exploration and Production company, Conoil Producing, has paid a deposit for its purchase of the 40% equity held by Chevron Corporation in Oil Mining Lease (OMLs) 86...

26th January 2021

Savannah Energy Provides 2020 Updates and 2021 Targets

The African-focused British independent energy company, Savannah Energy, has announced a trading update for 2020, and guidance for 2021. 2020 was the first full year of operating the high margin...

22nd January 2021

Over $10 Billion Investment in Energy Infrastructure is Ongoing in Nigeria – NNPC GMD

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, announced that there is at least $10 billion worth of investments currently ongoing in the energy sector...

21st January 2021

Consumption of LPG in Nigeria Reached One Million MT in 2020 – PPPRA

Nigeria's Petroleum Products Pricing Regulatory Authority (PPPRA), on Tuesday, 19th January 2020, announced that the consumption of Liquefied Petroleum Gas in the country exceeded one million metric tonnes (MT) in 2020....

20th January 2021

First Cargo of Nigeria’s Newest grade “Anyala” is on its Way to Europe

According to data intelligence firm, Kpler, the first export cargo of Nigeria's newest crude grade, Anyala, is on its way to Northwest Europe. The Aframax Minerva Clara is said to...

18th January 2021

Heirs Holdings Acquire Nigerian Oil Licence OML 17 Assets for $1.1 billion

Heirs Holdings, in partnership with its affiliated company, Transnational Corporation of Nigeria Plc ("Transcorp"), has announced the unconditional acquisition of a 45% participating interest in Nigeria oil license OML 17...

15th January 2021

Nigeria: Senate President Assures Work Will Resume on the PIB Soon

At a forum in the Federal Capital Territory of Nigeria, Abuja, on Tuesday, 12th January 2021, the President of the Senate, Ahmad Lawan, said the implementation of Nigeria's Petroleum Industry...

14th January 2021

PwC Projects Much of Africa’s Gas Supply will Come from Nigeria from 2021

In its Africa Oil and Gas Review 2020, themed “Energising a new tomorrow,” PriceWaterhouseCoopers (PwC) encouraged African countries to be strategic in their energy transition plans while exploring opportunities in...