The aim is to achieve 60% utilisation by the fourth quarter of 2024. KRPC has 110,000 barrels per day of capacity.
Nigerian National Petroleum Corp. (NNPC)
As a result, they agreed the “clean and amicable exit for Addax by resolving all the PSC contractual issues, including litigation”.
“It’s practical to hit 2.2mn bpd in 2023, this is practical. It’s a moving target,” Kyari said. “There are a number of projects that I have clear line of sight that can come on board in 2023.”
The continent’s two biggest oil producing nations have made recent reforms to their upstream regulatory regimes, which were been long awaited and the changes largely well received.
Nigeria expects IOCs working in the deepwater to launch new projects, although the big ticket items face continued delays.
Despite scepticism around the plan, countries along the proposed gas pipeline route from Nigeria to Morocco continue to sign up.
Nigeria’s Supreme Court said a Shell subsidiary can appeal a judgment directing the company to pay compensation over alleged pollution in a legal dispute that is holding up the oil giant’s efforts to sell assets in the West African country.
Nigerian President Muhammadu Buhari will attend a ceremony tomorrow marking the first oil development in northern Nigeria, at the Kolmani River field.
UTM Offshore has signed a front-end engineering and design (FEED) contract for a floating LNG (FLNG) project offshore Nigeria.
Nigeria is currently producing 1.45 million barrels per day, with plans to scale this up to 1.8mn bpd by the end of November.
Daewoo E&C has signed up to work on a “quick fix project” at the Kaduna refinery, during a high-level Nigerian visit to South Korea.
Exports from Shell’s Forcados oil terminal in Nigeria resumed after a 10-week interruption, offering a boost to the government amid tumbling crude production this year.
As Nigeria moves into election season, oil production is struggling – and it seems it will get worse before it gets better.
Nigerian National Petroleum Corp. (NNPC) has bought OVH Energy Marketing, owner and operator of Oando-branded retail stations.
Nigeria’s upstream regulator is launching an investigation into the country’s production woes, saying there is more than just oil theft to blame.
Nigeria and Morocco have signed more agreements on a proposed major offshore gas pipeline, bringing Senegal and Mauritania on board.
The major Dangote Refinery project, near Lagos, will come on stream “latest by the middle of next year”, Nigerian National Petroleum Corp. (NNPC) head Mele Kyari has said.
Nigeria’s attempts to tackle its oil theft problem have seen a new deal signed with a former leading militant – but the move has sparked protests.
Shell, ExxonMobil, Chevron and Equinor plan to withdraw multibillion-dollar lawsuits against Nigeria’s state energy company after finalizing new terms for deep-water oil production in Africa’s largest crude producer.
Nigerian National Petroleum Corp. (NNPC) has renewed licences with leading international companies in the deepwater in a move expected to unlock new investments.
Nigerian President Muhammadu Buhari approved Seplat Energy's $1.28 billion purchase of Exxon Mobil’s shallow water business in the West African country, seemingly putting an end to efforts by the national oil company to block the deal.
TotalEnergies (LON:TTE) has started production at the Ikike field, offshore Nigeria, which should reach peak production of 50,000 barrels per day by the end of the year.
Nigerian National Petroleum Corp. (NNPC) has held a glitzy ceremony celebrating its relaunch as a limited company and a newfound sense of independence.
ILF Consulting Engineers and Doris Group have won project management consultancy (PMC) work on the proposed Nigeria-Morocco Gas Pipeline (NMGP).
Nigeria has long had issues with safety, not least in keeping workers safe from militants. The government has shown little sign of tackling the problem among legal operations, let alone the safety challenges of widespread illicit bunkering and refining.