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 […]
Central Africa Unites for Regional Pipeline System to Combat Energy Shortages
Central Africa Unites for Regional Pipeline System to Combat Energy Shortages The Central African Economic and Monetary Community, African Petroleum Producers’ Organization, and Central Africa Business & Energy Forum have signed a groundbreaking Memorandum of Understanding to develop the Central African Pipeline System aimed at ending pervasive regional energy shortages. The MoU establishes framework for […]
Cameroon’s Decade-Long Drilling Wait Nears End as Tower Resources Secures Rig Contract
Cameroon’s Decade-Long Drilling Wait Nears End as Tower Resources Secures Rig Contract Cameroon’s prolonged wait for drilling in its Thali license is set to conclude later this year following Tower Resources’ award of a rig contract to Saudi services company ADES. The UK-listed exploration company has secured one of ADES’ 48 jack-up rigs for the […]
Mozambique and Eni Strengthen Energy Partnership with Focus on LNG Expansion
Mozambique and Eni Strengthen Energy Partnership with Focus on LNG Expansion Mozambican President Daniel Francisco Chapo met with Eni CEO Claudio Descalzi in Maputo to review current and upcoming projects, including LNG expansion, agribusiness, and sustainability initiatives. The meeting highlighted the remarkable success of the Coral South Project, which contributed 50% of Mozambique’s GDP growth […]
Liberia’s NOCAL Fires Back at Critics Over Presidential Oil Block Allocation
Liberia’s NOCAL Fires Back at Critics Over Presidential Oil Block Allocation National Oil Company of Liberia has strongly defended President Joseph Boakai’s executive allocation of oil blocks following criticism from an anonymous industry expert who labeled the move “premature and disruptive.” NOCAL Vice President for Finance and Investment Emmanuel Azango dismissed the claims as baseless […]
Brazil’s Petrobras Eyes Nigeria Return After Decade-Long Absence
Brazil’s Petrobras Eyes Nigeria Return After Decade-Long Absence Nigeria’s federal government is preparing to welcome a high-level delegation from Brazil’s state-owned oil company Petrobras, which is planning a strategic re-entry into Nigeria years after exiting the country. Foreign Minister Yusuf Tuggar revealed in May that discussions have begun regarding exploration of Nigeria’s deep water oil […]