Thursday, August 6, 2026
Nigeria's GEIL exports first crude from new onshore terminal- oil and gas 360

Nigeria’s GEIL exports first crude from new onshore terminal

(World Oil)– Nigerian energy company Green Energy International (GEIL) has completed the development of the Otakikpo onshore terminal, situated in OML 11 near Port Harcourt. In June 2025, the company lifted its first crude cargo from the newly-constructed facility—the first indigenous onshore terminal constructed in the country in five decades—signaling the start of operations at the terminal. “Facilities such as

Nigeria leads Africa as top upstream investment destination, AEC says- oil and gas 360

Nigeria leads Africa as top upstream investment destination, AEC says

(World Oil) – Nigeria ranks as Africa’s leading destination for upstream oil and gas investment in 2024, research from market intelligence firm Wood Mackenzie shows. The country accounted for three out of four Final Investment Decisions (FIDs) announced by global oil and gas majors, totaling $13.5 billion. The FIDs announced within the Nigerian market included Shell’s $122 million investment in