News and Updates

The Nigerian Content Development and Monitoring Board (NCDMB) has concluded the training and empowerment of 100 youths in Suleja, Niger state, on solar power installation and maintenance. The training, which lasted for one month, drew participants from three zones of Niger State, notably Minna, Bidda and Suleja.Speaking during the graduation ceremony last weekend, NCDMB general […]

South Sudan, the world’s youngest nation, possesses immense potential for diversification, economic growth, and shared prosperity. While oil has been the mainstay of the economy since independence from Sudan on July 9, 2011, the government focus on augmenting broader local production, particularly the agriculture, presents exciting opportunities for investors. The latter singular interest also stands

The refinery, which began production in January, was built with an investment of $20bn (N30.5trn) and is anticipated to process 650,000 barrels per day (bpd). TotalEnergies is one of the key crude producers in Nigeria alongside companies such as Shell, Exxon and French oil and gas company TotalEnergies has secured its first supply agreement with

Nigeria’s government is seeking investment from the United Arab Emirates (UAE) to renew its aging network of oil pipelines, some of which are over 50 years old, Investorsking reported on Tuesday, May 21, 2024. The Minister of State for Petroleum Resources (Oil) Heineken Lokpobiri met with a delegation from the UAE, led by Ambassador Salem

In today’s rapidly evolving world, every industry is constantly seeking innovative ways to improve performance and drive efficiency. The oil and gas industry is following the same path. Due to the extremely volatile nature of oil prices, sustainable performance is the need of the hour. In the era of data, the oil and gas sector

President Bola Tinubu says his administration is committed to unlocking the human and natural resource potential of Ogoniland, while ensuring the environmental and economic security of Nigerian communities. The President stated this on Wednesday at the State House during a meeting with members of the Supreme Council of Traditional Rulers of Ogoni, Rivers State, led

Nigeria has reclaimed its position as Africa’s leading oil producer, according to the latest report from the Organization of the Petroleum Exporting Countries (OPEC) released on Tuesday. The report indicates Nigeria’s average daily crude oil production reached 1.28 million barrels per day (bpd) in April. This represents a 4.07 percent increase from March’s output of

Nigeria’s Road Show At OTC Signals Readiness To Welcome New Investors Into Oil And Gas Industry The manner in which foreign and indigenous investors received the news of the licensing round for the 19 oil blocks is a testament that Nigeria is already gaining grounds amid stifled investment in hydrocarbon. On May 7, 2024, the

U.S. crude oil is hovering above $79 a barrel after selling off Wednesday on surging inventories.While economic hopes are fading, the current outlook all but ensures OPEC+ will not roll back its production cuts at the next meeting on June 1, said analyst Tamas Varga. U.S. crude oil edged higher on Thursday after selling off

Nigeria, unarguably one of the top leading countries rich in hydrocarbon resources of oil and gas, is lagging behind its peers, no thanks to corruption and lack of strategic investments that have stunted the growth of the sector for decades. While Nigeria wrecks its oil and gas sector, other countries like Qatar, Saudi Arabia, Iran,