Nigeria oil production output would suffer some decline, following the decision of the federal government to shut down Santa Barbara oil fields, operated by AITEO Eastern Exploration and Production Company Limited (AEEPCo). The Ministry of Environment in a statement said the federal government decision was to contain the spill which occured earlier in the month
Despite renewed calls for a shift from fossil fuel investments, Nigeria and Africa have been identified as requiring more investments in the oil and gas space. Former Managing Director of Equinor Nigeria and current Managing Director, Business Development, Alta Trading UK Limited, Heine Melkevik, stated this during the spotlight session at African Energy Week (AEW) 2021,
Nigeria is no longer the largest crude oil producer in Africa. It lost its Africa’s top oil producer status to Libya following further fall in its crude oil production last month, amid lingering supply disruptions. According to a new report by the Organisation of the Petroleum Exporting Countries (OPEC), Nigeria disclosed that its oil output
Amid the virulent diatribe against Federal Government’s desire to end the highly contentious subsidy regime, its officials have continued to use every opportunity at their disposal to drum up support for its full implementation. Just as the Finance Minister, Zainab Ahmed told Nigerians that transport allowances would be paid to them to cushion the effect
PRESIDENT Muhammadu Buhari Thursday in Paris, France, assured investors that investment in gas remains a top priority for the country, considering the huge benefits in terms of returns and utility. Receiving the Chief Executive Officer of Total, Patrick Pouyanne, President Buhari noted that Nigeria had made huge investments in gas, and will continue to create
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