Nigeria strikes deal with Shell to supply $3.8 bln methanol project
April 18, 2024 Nigeria has struck a deal for Shell to supply gas to its proposed $3.8 billion Brass methanol facility, resolving a major hurdle to a final investment decision…
OPEC woos Namibia as African nation prepares to produce from 2030
April 16, 2024 The OPEC+ oil producers group, having lost Angola and other players in recent years, is eyeing Namibia for possible membership as it sets up what could be…
Dangote oil refinery could accelerate European sector’s decline
March 28, 2024 By Ahmad Ghaddar and Robert Harvey Nigeria’s giant Dangote oil refinery could bring to an end a decades-long gasoline trade from Europe to Africa worth $17 billion…
Nigeria crude production hits 1.476mbp/d, highest in 3 years
Nigeria’s oil production is steadily rising, hitting 1.476 million barrels per day (bpd) in February, the highest in more than three years, OPEC data showed, as the military and private…
Shell faces calls to safely decommission old assets before Nigeria exit
March 6, 2024 Nigeria needs to ensure that Shell safely dismantles its old infrastructure or pays to remove them from the Niger delta before its exit, says a report on…
Oil majors seek arbitration in gas dispute with Dutch state
February 14, 2024 Shell and ExxonMobil have asked an arbitration court to decide whether the Dutch state should compensate them for the ending of gas production at the large Groningen…
TotalEnergies looks to exit Nigerian onshore oil, following Shell
February 9, 2024 French energy giant TotalEnergies is seeking to sell its minority share in a major Nigerian onshore oil joint venture, following Shell’s, divestment last month, CEO Patrick Pouyanne…
Shell agrees to develop Nigeria gas field for Dangote fertiliser
Feb. 5, 2024 Shell Plc has made a final investment decision to build a gas supply facility in Nigeria to feed a fertiliser plant owned by Africa’s richest man Aliko…
Nigeria seeks to resolve disputed oilfield issues, denies criminal liability
January 31, 2024 Nigeria wants to resolve outstanding issues around the disputed OPL 245 oil block as it seeks to attract investment to its oil and gas industry and has…
Nigeria approves Shell’s decision to sell oil assetÂ
Jan 19Â 2024 Nigeria backs Shell’s decision to sell its onshore oil and gas assets, Heineken Lokpobiri, minister of state for petroleum said on Thursday, and will give the necessary…