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January 21, 2019Market Report: NPDC raising money to develop Nigeria’s crude reserves
The Organization is interfacing with third-party financiers to raise $3.15 billion.
January 18, 2019Nigeria and South Sudan to cooperate on economic development
The countries signed agreements on oil and gas, trade, health and education cooperation.
January 10, 2019Nigeria’s rig count drops by six
Nigeria is one of the top three members of OPEC that has experienced a decrease in rig count.
January 4, 2019Market Report: Nigeria increases daily crude production
Nigeria’s daily crude oil production increased by about 2.09 million barrels in 2018.
January 3, 2019Nigeria to renew oil block licenses in Q1, 2019
The renewal of licenses has injected $2 billion into the country to finance its budget.
December 14, 2018Market Report: Nigeria to grow local content in oil and gas industry
Nigeria to grow local content from 40 percent to 70 percent by 2027 in oil and gas industry.
December 13, 2018Nigeria expects to pass Petroleum Industry Bill next year
The Petroleum Industry Bill has been contested and amended for the past 17 years.
December 6, 2018Nigeria electrification project gets $200m boost
The loan will improve access to reliable and clean energy in underserved areas.
December 5, 2018Nigeria to hold bidding round
The bidding round is the first of its kind in eleven years.
December 4, 2018Aquaterra awarded contract for Nigeria platforms
First oil from First E&P’s Anyala and Madu oilfields is targeted in 2019.