

Emmanuel Ehiemua, founder and managing director of Oracle Limited, talks to The Energy Year about why local players should diversify beyond oil and why the company sees…
READ MOREOil reserves37 billion barrels
Oil production2.11 million bopd
Gas reserves5.4 tcm
Gas production49.3 bcm
Nigeria has the largest economy in Africa, worth USD 402 billion. Although petroleum accounts for a modest 10% of the country’s GDP, it also represents 86% of export income and 50% of government revenue. Oil remains the backbone of the nation’s economy.
The government aims to increase crude reserves to 40 billion barrels, as well as to achieve a daily national production of 3 million bopd. Together with this push to increase oil production, the Ministry of Petroleum Resources, together with NNPC, has deepened its commitment to focus on Nigeria’s vast gas resources.
The year 2020 was crowned Nigeria’s “Year of Gas.” IOCs and local E&P firms have undertaken the exploitation of non-associated gasfields to maximise abundant gas reserves. Nigeria is a gas haven within Africa of immense untapped potential.
The continuation and strengthening of the country’s local content policies, led by the NCDMB, in addition to the strategic downstream development Nigeria is starting to witness, all play a major role in TOGY’s coverage of this exciting market.
Nigerian Minister of State for Industry, Trade and Investment H.E. Amb. Mariam Yalwaji Katagum talks to The Energy Year about…
READ MOREYaro P. Balami, managing director and CEO of Cakasa (Nigeria) Company, talks to The Energy Year about how long-awaited projects…
READ MORENigeria has revoked four licences for producing assets held by Addax Petroleum, citing “non-development.”
The government said…
READ MOREMaire Tecnimont has won a USD 1.5-billion contract to rehabilitate Nigeria’s Port Harcourt Refinery, the Italian EPC major…
READ MOREUsman Mohammed, CEO of New Energy Services Company (NESSCO), talks to The Energy Year about why the company has strategically…
READ MORENigeria’s Port Harcourt Refinery will see a government investment of USD 1.5 billion for its rehabilitation, an official…
READ MOREEmmanuel Ehiemua, founder and managing director of Oracle Limited, talks to The Energy Year about why local players should diversify beyond oil and why the company sees…
READ MOREOhioze Unuigbe, managing director of Bureau Veritas Nigeria, talks to The Energy Year about the progression of projects in Nigeria and the company’s key activities in…
READ MOREGbolahan Elias, a partner at G. Elias & Co., talks to The Energy Year about recent reforms in Nigeria’s energy industry, factors driving downstream advances and…
READ MORESeyi Ajibola, CEO of Zircon Marine, talks to The Energy Year about recent advances and setbacks in the marine sector and coming opportunities in natural gas transfer…
READ MOREThe Nigerian National Petroleum Corporation has launched the Nigerian Upstream Cost Optimisation Programme (NUCOP) in a bid to bring per-barrel production costs in the…
READ MORESeni Edu, CEO of Eko Support Services, talks to The Energy Year about how the crisis has impacted the logistics sector, non-traditional strategies the company is…
READ MOREOluwaseun Oseni, managing director and CEO of Knots Global and Glenstar Marine, talks to The Energy Year about the role of standards in the marine sector and the…
READ MORENigerian independent Heirs Oil & Gas plans to triple output at OML 17, an oil block it recently acquired from Shell and partners.
In January, Heirs completed the…
READ MOREThe Nigerian National Petroleum Corporation (NNPC) has reached an FID on the USD 3-billion Brass methanol plant, to be built in Bayelsa State.
The…
READ MOREAtaku Inyangudo, managing director of Capricorn Marine Group, talks to The Energy Year about the dual shock’s impact on the oil and gas industry and marine sector and…
READ MORENigeria’s parliament expects to pass the country’s long-awaited Petroleum Industry Bill (PIB) by April or May, a Senate official said on Monday.
Senate President…
READ MOREMichael Dumbi Amaeshike, managing director of West African Ventures (WAV), talks to The Energy Year about positive notes in the outlook on Nigeria’s oil and gas…
READ MORENnamdi Obiagwu, managing director and CEO of Eterna, talks to The Energy Year about the downstream sector in Nigeria, deregulation, the future of LPG/autogas and…
READ MOREShell Nigeria has completed the sale of its 30% stake in OML 17 to local player TNOG Oil & Gas in a deal worth USD 533 million.
Shell announced the deal on…
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