African oil and gas news: production, upstream investment, refining, licensing rounds and energy policy across producing countries.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has recovered more than 50 fallow oil fields for fresh licensing rounds as it steps up enforcement of its “drill-or-drop” policy. The move …
The Federal Government says it will prioritise gas supply and reliable electricity for industrial clusters as part of efforts to reduce production costs and strengthen Nigeria’s manufacturing sector. President Bola …
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has committed a significant portion of its future crude production to financing and prepayment arrangements, raising concerns about the amount of cash …
Nigeria’s plans to use its abundant natural gas resources to drive industrial growth and improve energy supply are facing major challenges, particularly limited infrastructure and insufficient investment. Although the country …
The Nigerian National Petroleum Company Limited has said it does not yet have a fixed date for its proposed initial public offering (IPO), noting that the decision will ultimately be …
Africa’s recent progress in bringing down inflation is facing renewed pressure as global oil prices climb, raising concerns that higher energy and transport costs could reverse some of the gains …
Nigerian cold-storage businesses are increasingly adopting gas-powered electricity as they seek to reduce rising energy costs and protect their operations from unreliable grid supply. A Lagos-based cold-storage and frozen-food distribution …
Brent crude fell about 1 percent to $98.30 a barrel after dropping below $100 on Tuesday. US West Texas Intermediate (WTI) also declined by 1.4 percent to $89.49 a barrel. …
Edwin Devakumar, Vice President, Oil and Gas at Dangote Industries Limited, has described the ongoing Initial Public Offering (IPO) of Dangote Petroleum Refinery as an opportunity for investors to participate …
Nigeria’s Monetary Policy Committee (MPC) is meeting this week with a difficult decision before it: whether to cut interest rates following three consecutive months of slower inflation or maintain the …
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