Nigeria Archives - Oil & Gas 360

Baker Hughes wins long-term support agreement for ANOH gas project

June 23, 2026

(World Oil) – Baker Hughes has been awarded a long-term service agreement by ANOH Gas Processing Company (AGPC) to provide lifecycle services and digital monitoring support for the ANOH Gas Processing Plant in Nigeria. The agreement covers maintenance, repair services, engineering support and digital monitoring for critical turbomachinery equipment at the facility, including two NovaLT 16 gas turbines. Baker Hughes will also

The staggering cost of Nigeria missing OPEC+ oil quotas

February 18, 2026

(Oil Price) – Nigeria’s struggles to pump to its OPEC+ quota over the past year have resulted in a loss of $1.31 billion gross revenue for the biggest African oil producer, according to data calculated by Business Insider Africa. The cumulative underproduction for Nigeria between January 2025 and January 2026 is estimated at about 18.12 million barrels. Multiplied by the official

Shell, partners assess $20-billion investment in Nigeria deepwater field

January 23, 2026

(World Oil) – Shell Plc and its partners in Nigeria are exploring how to develop a big oil field in the West African nation, a step that could one day see them invest $20 billion in the project, the oil major’s Chief Executive Officer said. “We are indeed working on a project, Bonga South West, that could potentially, if we

Chevron takes 40% stake in TotalEnergies’ offshore Nigeria blocks

December 1, 2025

(World Oil) – TotalEnergies has strengthened its global exploration ties with Chevron following a new farmout agreement covering two offshore licenses in Nigeria’s West Delta basin. The company announced that its Nigerian subsidiary, TotalEnergies EP Nigeria, has agreed to transfer a 40% interest in exploration licenses PPL 2000 and PPL 2001 to Star Deep Water Petroleum Limited, a Chevron company. TotalEnergies will remain operator

Nigeria eyes 1.7 billion barrels in new oil supply

November 11, 2025

(Oil Price)– Nigeria could tap 1.7 billion barrels in new oil supply as well as 7.7 trillion cu ft of natural gas after the approval of 43 field development plans this year. The figures were reported by the chief executive of the Nigerian Upstream Petroleum Regulatory Commission, Gbenga Komolafe, as quoted by Nigerian media. The executive added that the field plans involved

Nigeria’s $300 billion oil theft scandal

November 6, 2025

(Oil Price)– Nigeria has lost $300 billion to oil theft, auditors appointed by the Nigerian parliament said this week. The oil was sold illegally both at home and abroad, the Senate committee tasked with investigating oil theft losses said, as cited by Nigerian media. “The ad hoc committee should be given the mandate to track, trace, and recover all proceeds

Nigeria’s GEIL exports first crude from new onshore terminal

June 23, 2025

(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 hires former CEO of Shell unit to lead state oil company

April 3, 2025

(World Oil) – Nigerian President Bola Tinubu hired the former head of a unit of Shell Plc to run the state oil company, as Africa’s biggest crude producer works to boost output and prepare the firm for an initial public offering. Bashir Ojulari will replace Mele Kyari as head of NNPC Ltd. with immediate effect, presidency spokesman Bayo Onanuga said in

VAALCO Energy announces record production and sales volumes for 2024

January 24, 2025

(World Oil) – VAALCO Energy, Inc. has provided an operational update that included record production and sales volumes for 2024. Highlights: Recorded full year 2024 sales volumes of 24,100 to 24,600 working interest (WI) barrels of oil equivalent per day (boed), at the midpoint of its guidance range of 23,500 to 25,100 WI boed; Full year 2024 sales volumes were

Shell approves deepwater oil project offshore Nigeria

December 16, 2024

(Oil Price) – Shell’s Nigerian subsidiary has approved the Bonga North deep-water project off the coast of Nigeria, the UK-based supermajor said on Monday, announcing the final investment decision for the development. The Bonga North project will be a subsea tie-back to the Shell-operated Bonga Floating Production Storage and Offloading (FPSO) facility which Shell operates with a 55% interest. The project will sustain

Exclusive: Africa Oil at EnerCom Denver-The Energy Investment Conference 2024

September 3, 2024

Oil and Gas 360 Publisher’s Note: You can view the EnerCom Denver—The Energy Investment Conference and the Energy Transition and Emerging Technologies Series presenter replays for a limited time. Africa Oil is a Canadian oil and gas exploration company with producing and development assets in deep-water offshore Nigeria. The Company also has a portfolio of exploration assets in west and

OPEC’s oil production rises as Iraq continues to overproduce

June 4, 2024

Oil Price OPEC’s crude oil production rose by 145,000 barrels per day (bpd) in May compared to April, as Iraq continues to pump above its quota and boosted output alongside African producer Nigeria, the monthly Reuters survey showed on Tuesday. OPEC produced a total of 26.63 million bpd in May, an increase of 145,000 bpd compared to April, according to the Reuters

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