Nigeria Archives - Energy Analytics Institute (EAI)

Baker Hughes inks service agreement with ANOH for gas plant in Nigeria

HOUSTON and LONDON (By Baker Hughes, 23.Jun.2026, Words: 214) — Baker Hughes announced an award from ANOH Gas Processing Company (AGPC) to provide comprehensive lifecycle services [that covers parts, repair services, engineering advisory] and iCenter™ digital services for turbomachinery equipment at the greenfield ANOH Gas Processing Plant in Nigeria, one of the nation’s […]

ExxonMobil awards Nigerian deepwater completions contract to Weatherford

BATON ROUGE, LOUISIANA (By Steve Stewart, Energy Analytics Institute, 21.May.2026, Words: 137) — Esso Exploration & Production Nigeria Ltd. (EEPNL), an ExxonMobil affiliate, awarded Weatherford International plc a deepwater integrated completions contract for offshore Nigeria. While financial details were not revealed by either company, the contract falls within Weatherford’s well construction and completions […]

Corruption perceptions index 2025: Venezuela (10), Mexico (27), Uruguay (73)

BERLIN, GERMANY (By Transparency International, 10.Feb.2026, Words: 1,102) — Corruption is worsening globally, with even established democracies experiencing rising corruption amid a decline in leadership, according to Transparency International’s 2025 Corruption Perceptions Index (CPI), published today. This annual index shows that the number of countries scoring above 80 has shrunk […]

TotalEnergies awarded 2 exploration permits offshore Nigeria

BATON ROUGE, LOUISIANA (By Steve Stewart, Energy Analytics Institute, 2.Sep.2025, Words: 185) — TotalEnergies (80%, operator), together with its partner South Atlantic Petroleum (20%), have signed the production sharing contract (PSC) for the PPL 2000 and PPL 2001 exploration licenses offshore Nigeria. The licenses were awarded following the 2024 Exploration […]

Shell reports 2Q:25 results, comments on LNG Canada [pdf downloads]

LONDON, ENGLAND (By Shell, 31.Jul.2025, Words: 128) — Shell plc Chief Executive Officer, Wael Sawan commented on the company’s second-quarter 2025 results. “Shell generated robust cash flows reflecting strong operational performance in a less favourable macro environment. We continued to deliver on our strategy by enhancing our deep-water portfolio in […]

IMF and “tenuous resilience amid persistent uncertainty” [pdf download]

WASHINGTON, DC (By IMF, 28.Jul.2025, Words: 292) — Global growth is projected at 3% for 2025 and 3.1% in 2026, the International Monetary Fund (IMF) said in its Jul. 2025 World Economic Outlook update. The forecast for 2025 is 0.2% point higher than that in the reference forecast of the […]

Bristow highlights headwinds amid opportunities in Nigeria, Brazil and Suriname

HOUSTON, TEXAS (By editors at Energy Analytics Institute, 26.Feb.2025, Words: 393) — Bristow Group Inc., a global provider of innovative and sustainable vertical flight solutions, expects market conditions to remain constructive in 2025-26 amid headwinds facing the global energy sector. “Increased activity in the offshore energy industry, a tighter equipment […]

Venezuela flared 46% of its 3,895 MMcf/d of natural gas production in 2024

HOUSTON, TEXAS (By Pietro D. Pitts, Energy Analytics Institute, 21.Feb.2025, Words: 1,030) — Oil producing Venezuela, a founding member of the Organization of the Petroleum Exporting Countries (OPEC), flared 46% of its natural gas production of 3,895 million cubic feet per day (MMcf/d) in 2024, according to details provided by […]

CERAWeek by S&P Global Houston, 10-14 Mar. 2025

HOUSTON, TEXAS (S&P Global, 10.Feb.2025) — The 43rd annual gathering of CERAWeek by S&P Global—the world’s preeminent energy conference—will convene energy industry leaders, experts, government officials and policymakers, as well as leaders from the technology, financial and industrial communities, 10-14 Mar. 2025 in Houston. CERAWeek 2025: Moving Ahead: Energy strategies for […]

Baker Hughes to Deploy Leucipa Automated Field Production Solution in Niger Delta

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 3.Feb.2025) — Baker Hughes announced an agreement with NNPC Limited/FIRST Exploration & Petroleum Development Company (FIRST E&P) joint venture (JV) to deploy the Leucipa automated field production solution. Leucipa will be implemented on the JV’s offshore operations in the Niger Delta, marking the […]

Nigeria Officially Joins BRICS as Partner Country

BELIZE CITY, BELIZE (Aaron Simonsky, Energy Analytics Institute, 17.Jan.2025) — Nigeria formally joined BRICS as a partner country of the grouping. “With the world’s sixth-largest population—and Africa’s largest—as well as being one of the continent’s major economies, Nigeria shares convergent interests with other members of BRICS,” the Brazilian government, which […]

IMF Expects World Output to Rise 3.3% in Both 2025 and 2026 [PDF Download]

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 17.Jan.2025) — The International Monetary Fund (IMF) projects global growth at 3.3% both in 2025 and 2026, below the historical (2000–2019) average of 3.7%. Within Latin America and the Caribbean, Brazil is projected to grow 2.2% in both 2025 and 2026, while Mexico, the […]

EAI’s 4Q:24 NRG Prospector condensed version [emagazine download]

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 1.Jan.2025) — Download the 4Q:24 NRG Prospector eMagazine with updates, analysis, features, briefs and “heard on the street” from Argentina, Brazil, Bolivia, Canada, Chile, Colombia, Ecuador, Guyana, Mexico, Suriname, Trinidad and Tobago, the US and Venezuela, as well as Asia, Europe and Africa […]

Shell Takes FID at Bonga North Offshore Nigeria

(Energy Analytics Institute, 16.Dec.2024) — Shell plc subsidiary Shell Nigeria Exploration and Production Company Limited (SNEPCo) announced a final investment decision (FID) on Bonga North, a deep-water project off the coast of Nigeria. Peak gross production of 110,000 barrels per day of oil (b/d) is expected by the end of […]

Equinor Pockets $2bn in Azerbaijan and Nigeria Business Exits

(Equinor, 9.Dec.2024) — Equinor has closed transactions exiting the upstream businesses in Azerbaijan and Nigeria, with a total estimated consideration of up to $2bn. After more than 30 years as a business partner in Azerbaijan and Nigeria, transactions leading to Equinor exiting the countries have now been closed on 29 […]

EAI’s ‘Africa NRG Insights’ investor report (FREE PDF download-prologue)

HOUSTON, TEXAS (Energy Analytics Institute, 15.Jun.2024, Words: 136) — Energy Analytics Institute‘s recently released ‘Africa NRG Insights’: Africa’s ‘Just’ Energy Transition: An Investor’s Perspective on Opportunities and Challenges, explores the continent’s resources and opportunities as well as its major headwinds. The full 42-page report taps into the insights and thoughts […]

bp, Equinor, Shell and TotalEnergies to Boost Access to Energy (PDF Download)

(Equinor, 15.Nov.2024) — bp, Equinor, Shell and TotalEnergies announce a commitment to invest in support of the UN Sustainable Development Goal 7 (UN SDG7), which aims to ensure access to affordable, reliable, sustainable, and modern energy for all. The four energy majors have come together with a $500mn joint investment […]

‘Micro-Documentaries’ Sound the Climate Alarm for Global South at COP29

(Rockefeller Foundation, 11.Nov.2024) — As part of Human Development, Children and Youth, Health, and Education Day at the United Nations Climate Change Conference in Baku, Azerbaijan (COP29), a new series of micro-documentaries highlighting the effects of the climate crisis and its disproportionate impact on the Global South has been released, […]

Scientists: Epoch Marked by human impact — the Anthropocene — Began in 1950s

(AP, 11.Jul.2024) — From climate change to species loss and pollution, humans have etched their impact on the Earth with such strength and permanence since the middle of the 20th century that a special team of scientists says a new geologic epoch began then. Called the Anthropocene — and derived […]

TotalEnergies Launches Ubeta Gas Development to Supply Nigeria LNG Liquefaction Plant

(TotalEnergies, 20.Jun.2024) — TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE), operator of OML 58 onshore license in Nigeria with a 40% interest, together with the Nigerian National Petroleum Corporation Ltd (NNPCL, 60%), have taken the Final Investment Decision (FID) for the development of the Ubeta gas field. Located about 80 km northwest of Port […]

CERAWeek 2024 Boasts Delegate Attendance of 8,100+

(Energy Analytics Institute, 22.Mar.2024) — The CERAWeek by S&P Global, held 18-22 Mar. 2024 in Houston, Texas, boasted in attendance 8,100+ delegates (9,400+ when counting staff, vendors etc), a record compared to the prior record of 7,200+ delegates at CERAWeek 2023. CERAWeek counted on 1,400 speakers and tons of S&P […]

EAI’s NRGBriefs for Feb. 2024: Guyana, Mexico, Uruguay and Venezuela

HOUSTON, TEXAS (By editors with Energy Analytics Institute, 29.Feb.2024, Words: 3,790) — Energy briefs as well as others related to finance and projects during Feb. 2024 including Exxon Mobil and CNOOC considering their pre-emption rights to Hess Corp.’s stake in the offshore Stabroek Block; increases in electricity for the majority […]

TotalEnergies Starts Production in Nigeria at Akpo West Field

(TotalEnergies, 7.Feb.2024) — TotalEnergies and its partners announce the start of production from the Akpo West field on the PML2 license in Nigeria. Located 135 kilometers off the coast, Akpo West is tied back to the existing Akpo Floating Production Storage and Offloading (FPSO) facility, which started-up in 2009 and […]

Strohm Completes First TCP Jumper in West Africa

(Strohm, 16.Jan.2024) — Strohm, the world’s first and leading TCP technology company, has supplied TotalEnergies with a thermoplastic composite pipe (TCP) Jumper, which has been commissioned in deep water (1600 m) in West Africa. This installation has followed a rigorous testing programme, during which TotalEnergies qualified the Netherlands-based company’s TCP Jumper for […]

S&P Global Releases its 2024 Energy Outlook

(S&P Global, 14.Dec.2023) — Analysts at S&P Global Commodity Insights, an independent provider of information, data, analysis, benchmark prices and workflow solutions for the commodities, energy and energy transition markets, today released their latest 2024 energy outlook. OVERVIEW After years of turbulence, global markets are still striving to find sustainable […]

Norway’s Equinor Divests Nigeria Business

(Welligence Energy Analytics, 29.Nov.2023) — Equinor has announced the sale of its Nigeria business to Chappal Energies for an undisclosed consideration. What were the key drivers for buyer and seller, and what does this mean for future M&A in the country? The exit of the Norwegian giant is not a […]

Chevron Reveals 3Q:23 Results, Comments on Hess Deal [PDF Downloads]

(Chevron, 27.Oct.2023) — Chevron Corporation (NYSE: CVX) reported earnings of $6.5bn ($3.48 per share – diluted) for third quarter 2023, compared with $11.2bn ($5.78 per share – diluted) in third quarter 2022. Included in the current quarter were a one-time tax benefit of $560mn in Nigeria and pension settlement costs […]

Africa Oil Announces Strategic Hires

(Africa Oil Corp., 4.Oct.2023) — Africa Oil Corp. announced the strategic recruitment of two highly-experienced energy executives to strengthen its leadership team. Dr Oliver Quinn has been appointed Senior Vice President of Corporate Development and joins the company from Kosmos Energy. Ms. Joanna Kay has been appointed General Counsel and Corporate Secretary and joins […]

Eni Tops TotalEnergies as Africa’s Top Producer

(Energy Analytics Institute, 11.Sep.2023) — Eni actually takes the top spot as Africa’s top producer, not TotalEnergies, according to Welligence Energy Analytics. Producing around 900,000 boe/d, 40% of Eni’s output comes from Algeria and Libya. The rest is sourced from Nigeria, Ghana, Congo-Brazzaville, Mozambique, Angola and Tunisia, Welligence announced 11 […]

African School of Regulation Launches during African Climate Summit

(The Rockefeller Foundation, 5.Sep.2023) — The African School of Regulation (ASR) officially launched today during the Africa Climate Summit 2023, which is co-hosted by the Republic of Kenya and the African Union. The ASR, which will now be incubated by the African Capacity Building Foundation (ACBF), with headquarters in Accra, Ghana, will strengthen […]

An African Gas Renaissance En Route to a ‘Just Energy Transition’ [PDF Download]

(The Oxford Institute for Energy Studies, 5.Sep.2023) — The impact of the Russia-Ukraine war on the natural gas trade, inter alia, continues to be felt well beyond Europe’s borders. As the accelerated decarbonisation of the world’s economies is being pushed forward, Europe’s unexpected interest in alternative sources of gas imports […]

TotalEnergies Nigerian Find Largest in a Decade

(WoodMac, 16.Jun.2023) — Addressing TotalEnergies discovery at Ntokon in the shallow water Niger Delta, Gail Anderson, director of upstream research at Wood Mackenzie, said “Ntokon is likely to be Nigeria’s biggest shallow water discovery in a decade. Despite the lack of exploration in recent times, this discovery shows that there is still […]

TotalEnergies Reveals Discovery Offshore Nigeria

(TotalEnergies, 13.Jun.2023) — TotalEnergies announces the Ntokon oil and gas discovery on OML102 offshore Nigeria. Located in shallow waters, 60 km off the southeast coast of Nigeria, the Ntokon-1AX discovery well encountered 38 meters of net oil pay and 15 meters of net gas pay, while its side-track Ntokon-1G1 encountered 73 meters […]

Global Gas Flaring Tracker Report [PDF Download]

(The World Bank, 31.Mar.2023) — After a decade of little progress, global gas flaring volumes fell by around 3% in 2022. However, despite this welcome reduction, greater and sustained efforts are needed to end this wasteful and polluting practice. The growing sense of urgency in tackling global gas flaring is […]

OPEC Cuts Oil Demand Forecast to Below the 100 MMb/d Mark [PDF Download]

(Energy Analytics Institute, 12.Oct.2022) — The Organization of Petroleum Exporting Countries (OPEC) now forecasts oil demand to dip below 100 million barrels per day (MMb/d) in 2022 owing a lower global economic forecast amid ongoing uncertainties and rising challenges impacting major economies. OPEC forecasts oil demand to reach 99.7 MMb/d […]

Nigeria’s NNPC Renews Oil Contracts to Produce 10 Billion Barrels

(Reuters, 12.Aug.2022) — Nigeria’s state-owned oil firm NNPC Ltd on Friday renewed oil production sharing agreements with international majors and local firms for five deepwater blocks that officials said could produce up to 10 billion barrels over the next 20 years. Nigeria, a member of the Organization of Petroleum Exporting […]

Production Starts at Ikike Field Offshore Nigeria

(TotalEnergies, 25.Jul.2022) — TotalEnergies, OML99 operator (40%) in partnership with the Nigerian National Petroleum Corporation (NNPC, 60%), announces the start of production from the Ikike field, in Nigeria. Located 20 kilometers off the coast, at a depth of about 20 meters, the Ikike platform is tied back to the existing […]

Heritage Oil Limited Gets New Chief Executive Officer

(Heritage Oil Limited, 20.Jul.2022) — Heritage Oil Limited has appointed Adogbeji (Ado) Oseragbaje as its new Chief Executive Office with effect from 14 July 2022. Ado will also lead HOL’s Nigerian operations as Chief Executive Officer of Heritage Energy Operational Services Limited. Ado brings twenty-five years of global leadership experience […]

Nigeria’s State-owned Energy Firm Begins Commercial Operations

(Bloomberg, 19.Jul.2022) — Nigeria’s state-owned energy firm will now operate as a commercial entity without relying on government funding and direct controls, President Muhammadu Buhari said on Tuesday. The launch of the Nigerian National Petroleum Co. is a “landmark event for the Nigerian oil industry,” Buhari said at a ceremony […]

Mohammad Sanusi Barkindo: An OPEC Icon, A Dear Friend to Many

(OPEC, 6.Jul.2022) — It is with immense sorrow and sadness that the OPEC Secretariat learnt of the passing of the OPEC Secretary General, His Excellency, Mohammad Sanusi Barkindo, in his home country of Nigeria. He was the much-loved leader of the OPEC Secretariat and his passing is a profound loss […]

Keynote Address by OPEC Secretary General Barkindo

(OPEC, 5.Jul.2022) — Delivered by HE Mohammad Sanusi Barkindo, OPEC Secretary General, at the opening ceremony of the 21st edition of Nigeria Oil and Gas (NOG) Conference and Exhibition, 5 July 2022, Abuja, Nigeria. Excellencies, ladies and gentlemen, It is very refreshing, indeed a great pleasure to be back home […]

Adewole Adebayo, Candidate for President of Nigeria, visits Washington, DC

(Adewole Adebayo, 28.Jun.2022) — Prince Adebayo, who recently won the Social Democratic Party (SDP)‘s nomination for president, is visiting the US by invitation to attend a stakeholder meeting with the US Commission for International Religious Freedom. He will also be meeting with ambassadors, State Department officials, university officials, and the […]

222 Million Crisis-Impacted Children in Urgent Need of Educational Support

(Education Cannot Wait, 21.Jun.2022) — The United Nations global fund for education in emergencies and protracted crises, Education Cannot Wait (ECW), released a shocking new report today that indicates the number of crisis-impacted school-aged children requiring educational support has grown from an estimated 75 million in 2016 to 222 million today.Of the […]

All On and Solstroem Ink Deal to Finance Technology Platform for Carbon Credits

(All On, 16.May.2022) — All On, a shell-funded impact investment company focusing on strengthening the off-grid energy markets in Nigeria, is pleased to announce an investment in the Danish technology company Solstroem. In doing so, All On matches a previous investment made by Persistent Energy Capital LLC into the company […]

OPEC’s Mohammad Barkindo Visits Petrocedeño Upgrader

(Energy Analytics Institute, 11.May.2022) — Petróleos de Venezuela S.A. (PDVSA) President Asdrúbal Chávez, and the board of directors of the company received the Secretary General of the Organization of Petroleum Exporting Countries (OPEC) Mohammad Barkindo during a “fruitful” meeting at the Petrocedeño upgrader located within the José Antonio Anzoátegui Industrial […]

OPEC’s Barkindo Visits Jose Antonio Anzoátegui Petrochemical Complex

(Energy Analytics Institute, 11.May.2022) —The Organization of Petroleum Exporting Countries (OPEC) Secretary General Mohammad Barkindo and an OPEC delegation visited the ‘Jose Antonio Anzoátegui Petrochemical Complex’ in Anzoátegui State during their working visit to Venezuela. The upgrading complex is composed of four main upgraders and a petrochemical plant. “There have […]

NRGBriefs: CGX, Frontera on Guyana; Barkindo’s OPEC Wind-down

(Energy Analytics Institute, 9.May.2022) — Energy briefs including CGX and Frontera executives briefing the media on the Kawa-1 and Wei-1 exploration wells offshore Guyana; and OPEC Secretary General Mohammad Barkindo (from Nigeria) preparing to step down from his leadership post at the organization in August 2022. LATIN AMERICA AND CARIBBEAN […]

NRGBriefs: Nigeria’s Barkindo Visits with Venezuelan Authorities

(Energy Analytics Institute, 7.May.2022) — Energy briefs including the Organization of Petroleum Exporting Countries (OPEC) Secretary General Mohammad Barkindo visiting Venezuela to participate in meetings with the South American country’s high authorities. LATIN AMERICA AND THE CARIBBEAN Venezuela — The Organization of Petroleum Exporting Countries (OPEC) Secretary General Mohammad Barkindo, […]

Lekoil Nigeria Secures Court Injunction Against Lekoil Ltd and Savannah Energy Investments

(Lekoil Nigeria Limited, 6.Apr.2022) — Following the announcement of 28 February 2022 by Lekoil Limited that it had entered into an agreement with Savannah Energy Investments Limited, a subsidiary of Savannah Energy PLC, Lekoil Nigeria Limited, joined by a number of third-parties including Lekoil Oil & Gas Investments Limited, Mayfair Assets & Trust […]

World Bank: Global Growth to Slow Through 2023

(World Bank, 11.Jan.2022) — Following a strong rebound in 2021, the global economy is entering a pronounced slowdown amid fresh threats from COVID-19 variants and a rise in inflation, debt, and income inequality that could endanger the recovery in emerging and developing economies, according to the World Bank’s latest Global Economic […]