For Africa’s biggest oil-producing country, the idea of looking for oil miles into the sea may be off the table this year, thanks to a wave of bankruptcies facing the global offshore industry. The global offshore industry is currently struggling as some of the biggest offshore drillers struggle with low …
Read More »Nigeria Reduces Oil Production to 1.4 mb/d
For the first time in many years, the Organisation of Petroleum Exporting Countries, OPEC, has confirmed Nigeria’s ability to cut its output from 1.7 million barrels per day, mb/d in May to 1.4mb/d in June 2020. In its July Oil Market Report obtained by Vanguard, OPEC stated that the data …
Read More »OPEC’s Next Domino to Fall could Be Nigeria
Again, experts are warning that Nigeria as a country is slipping away in the face of global competition among the oil-producing countries. They are of the opinion that Nigeria remains a country to watch in view of the global COVID19 Pandemic. Because she may not be able to withstand the …
Read More »Iran. Nigeria to Establish Joint Economic Commission
Iran and Nigeria have agreed to establish a joint economic commission to promote their trades. and cooperation in the fields of investment. agriculture and technology transfer.
Read More »Nigeria’s Largest Oil Independent to Spend $5 Billion to Boost Output
Nigeria’s largest independent oil producer plans to spend as much as $5 billion to boost its oil and natural gas production in the next five years.
Read More »Samsung’s Egina Project Wins ‘Project of the Year’ Award in France
SHIN received the award. along with its client Total. for the Egina Floating Production Storage and Offloading unit (FPSO).
Read More »UN. Nigeria Launch $15m Electronics Waste Initiative
Nigeria generated 290.000 tonnes of e-waste in 2017 and also remains a major recipient of used electronics from abroad.
Read More »Nigeria’s Unreliable Electricity Costs Its Economy $29 Billion A Year—Solar Power Would Save Billions
Solar can be connected to a country’s electricity grid or run off the grid making it the most practical option for improving access in Nigeria.
Read More »Total Plans to Continue with Nigeria Oil. LNG Projects
Total also planning to expand its Nigerian LNG project this year.
Read More »Nigeria Cuts Oil Production to 1.685 million bpd
Iran. Libya and Venezuela are exempted from the cuts.
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