NNPC Eyes Massive Investment Blitz with Five Major Project Decisions by Year-End
NNPC Eyes Massive Investment Blitz with Five Major Project Decisions by Year-End Nigeria’s state oil giant NNPC Ltd has announced an ambitious strategy to finalize investment decisions on five critical energy projects worth hundreds of millions of dollars by the fourth quarter of 2025. The announcement signals a major strategic shift under the company’s new […]
Nigeria’s Oil Production Plummets to 1.65 Million Barrels Daily as OPEC Quota Remains Elusive
Nigeria’s Oil Production Plummets to 1.65 Million Barrels Daily as OPEC Quota Remains Elusive Nigeria’s crude oil production has suffered another significant decline, dropping to 1.657 million barrels per day in May 2025, down from 1.683 million barrels recorded in April. The Nigerian Upstream Petroleum Regulatory Authority (NUPRC) confirmed the concerning trend on Friday, revealing […]
South Africa Leads Continental Green Hydrogen Revolution with Massive R1.49 Billion Investment
South Africa Leads Continental Green Hydrogen Revolution with Massive R1.49 Billion Investment South Africa is spearheading Africa’s green hydrogen transformation with a staggering R1.49 billion investment in its Hydrogen South Africa program, as President Cyril Ramaphosa announced that the continent is advancing 52 large-scale projects representing billions in total investment potential. Speaking at the inaugural […]
Tanzania Races to Finalize $42 Billion LNG Deal with Global Energy Giants by October
Tanzania Races to Finalize $42 Billion LNG Deal with Global Energy Giants by October Tanzania is accelerating high-stakes negotiations with international energy majors Shell, Equinor, and ExxonMobil for a massive $42 billion Tanzania LNG facility, with Deputy Minister of Energy Doto Mashaka Biteko announcing the government’s target to finalize the agreement by October 2025. The […]
Perenco Launches Revolutionary $200 Million Recycled Platform Project Off Congo Coast
Perenco Launches Revolutionary $200 Million Recycled Platform Project Off Congo Coast Anglo-French oil giant Perenco is pioneering sustainable offshore operations with a groundbreaking $200 million project that transforms a recycled mobile offshore production unit for deployment off Congo’s coast. The converted platform, dubbed Kombi 2, represents a revolutionary approach to environmentally conscious resource development. Construction […]
Nigeria Achieves 97% of OPEC Production Quota Despite Slight Monthly Decline
Nigeria Achieves 97% of OPEC Production Quota Despite Slight Monthly Decline The Nigerian Upstream Petroleum Regulatory Commission reported that Nigeria produced 97% of its 1.5 million barrels per day OPEC quota in May 2025, representing a slight 2% decline from April’s 99% output. The country’s combined crude oil and condensate production totaled 1.81 million barrels […]
Nigerian Clean Energy Startup Salpha Energy Secures Major Funding for Solar Expansion
Nigerian Clean Energy Startup Salpha Energy Secures Major Funding for Solar Expansion Nigerian clean energy startup Salpha Energy has secured $1.3 million investment from All On, a Shell-backed impact investor, to scale solar operations and deepen clean energy access across underserved communities. The funding will support expansion of the company’s local solar assembly facility, enhance […]
Nigerian Crude Exports Dominate Q1 2025 Trade Despite Domestic Refinery Struggles
Nigerian Crude Exports Dominate Q1 2025 Trade Despite Domestic Refinery Struggles Oil producers exported crude oil and petroleum products worth N12.96 trillion in Q1 2025, representing 62.89% of Nigeria’s total export value despite ongoing domestic refinery supply challenges. The figure comes amid slow implementation of the Domestic Crude Supply Obligation and Domestic Crude Refining Requirement […]
Nigerian Indigenous Company Lekoil Celebrates Major Infrastructure Milestone
Nigerian Indigenous Company Lekoil Celebrates Major Infrastructure Milestone Lekoil Nigeria Limited has marked the successful completion of its first crude oil export from the Otakikpo Onshore Terminal, representing a significant boost to Nigeria’s crude evacuation infrastructure while reducing dependence on third-party offshore loading systems. The milestone was achieved in partnership with Green Energy International Limited […]
Nigeria Champions Continental CNG Revolution with Comprehensive Clean Energy Strategy
Nigeria Champions Continental CNG Revolution with Comprehensive Clean Energy Strategy Nigeria is positioning itself as the leader of Africa’s transition to compressed natural gas, leveraging its vast natural gas reserves to advance sustainable energy alternatives. The country joins Egypt, Morocco, South Africa, Kenya, and Tanzania as pioneers promoting CNG growth, aligning with global trends toward […]