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Heirs Energies highlights technology, data-driven operations in Nigeria’s production growth drive
Heirs Energies has highlighted the growing importance of technology, data and operational optimisation in Nigeria’s efforts to increase oil and gas production, stressing that unlocking additional value from existing assets will be critical to the country’s energy growth. The company’s…
AfDB targets $4trn domestic capital to close Africa’s financing gap
The African Development Bank (AfDB) is engaging financiers on a strategy to mobilise about $4 trillion in untapped domestic capital across Africa to help fund the continent’s development needs, as the region grapples with an estimated $400 billion annual financing…
From subsidy shock to debt trap: Tinubu’s reforms meet rising debt wall
Sopuruchi Onwuka President Bola Tinubu’s declaration that the worst pains of his economic reforms are over is being tested by a debt burden that has continued to expand, potentially extending fiscal pressures even as the government shifts its emphasis towards…
Dangote, African leaders break ground on $16bn Kenya refinery
Africa’s push for industrial self-reliance received a major boost on Wednesday as Kenyan President William Ruto and President/Chief Executive of Dangote Industries Limited, Aliko Dangote, joined other African leaders to break ground on a $16 billion petroleum refinery and petrochemicals…
Chevron reaffirms long-term commitment to Nigeria at 66
As Nigeria marks its 66th Independence Anniversary, Chevron companies in Nigeria have reaffirmed their confidence in the country and commitment to long-term investment, responsible energy development and partnerships that support national growth. For more than six decades, Chevron has contributed…
Hormuz shipping rebound yet to ease fuel prices, inflation
The gradual recovery of crude oil shipping through the Strait of Hormuz is unlikely to translate into immediate relief for transportation fuel prices or inflation, as depleted oil inventories, damaged refining capacity and persistent disruption to refined-product shipments continue to…
Dangote canvasses dom-refining ecosystem
Chiarman of Dangote Industries Limited, Alhaji Aliko Dangote, has urged the government to create the commercial, regulatory and infrastructure conditions required to make domestic refining sustainably competitive. In his remarks at the Nigeria Oil Refining Summit in Lagos, Dangote cautioned…
FG woos long-term capital, pledges regulatory certainty for refiners
Federal government has declared that it is implementing policies that drive fundamental shift in Nigeria’s petroleum industry from crude export dependence to an integrated resource value chain that captures greater value from domestic production. Minister of State for Petroleum Resources…
IPPG demands bankable crude market to sustain Nigeria’s refining drive
The Independent Petroleum Producers Group (IPPG) has urged Nigerian petroleum industry stakeholders to shift the prevailing refining debate from installed capacity and regulatory mandates to the more fundamental task of building a commercially viable and reliable crude supply system, warning…
Petroleum licensing: Time to end politics, embrace global best practices
Sopuruchi Onwuka Nigeria’s increasingly aggressive use of petroleum licensing rounds to attract investment, expand exploration and raise oil and gas production risks producing the opposite of the desired outcome if the management of license awards continues to leave critical commercial…
