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Category: Nigeria

OPEC Cuts Oil Demand Forecast to Below the 100 MMb/d Mark [PDF Download]
Africa Asia Austria China Europe Latin America and the Caribbean Middle East Nigeria Saudi Arabia Venezuela

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

ENERGY ANALYTICS INSTITUTE (EAI)12 October 202213 October 2022
(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...
Nigeria’s NNPC Renews Oil Contracts to Produce 10 Billion Barrels
Africa Nigeria

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

ENERGY ANALYTICS INSTITUTE (EAI)12 August 202216 August 2022
(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...
Production Starts at Ikike Field Offshore Nigeria
Africa Nigeria

Production Starts at Ikike Field Offshore Nigeria

ENERGY ANALYTICS INSTITUTE (EAI)25 July 202225 July 2022
(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...
Heritage Oil Limited Gets New Chief Executive Officer
Africa Nigeria

Heritage Oil Limited Gets New Chief Executive Officer

ENERGY ANALYTICS INSTITUTE (EAI)20 July 202225 July 2022
(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...
Nigeria’s State-owned Energy Firm Begins Commercial Operations
Africa Nigeria

Nigeria’s State-owned Energy Firm Begins Commercial Operations

ENERGY ANALYTICS INSTITUTE (EAI)19 July 202220 July 2022
(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...
Mohammad Sanusi Barkindo: An OPEC Icon, A Dear Friend to Many
Africa Austria Europe Nigeria

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

ENERGY ANALYTICS INSTITUTE (EAI)6 July 20227 July 2022
(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...
Keynote Address by OPEC Secretary General Barkindo
Africa Nigeria

Keynote Address by OPEC Secretary General Barkindo

ENERGY ANALYTICS INSTITUTE (EAI)5 July 20226 July 2022
(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...
Adewole Adebayo, Candidate for President of Nigeria, visits Washington, DC
Africa Nigeria North America USA

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

ENERGY ANALYTICS INSTITUTE (EAI)28 June 20227 July 2022
(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...
222 Million Crisis-Impacted Children in Urgent Need of Educational Support 
Africa Asia Congo Nigeria

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

ENERGY ANALYTICS INSTITUTE (EAI)21 June 20227 July 2022
(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...
All On and Solstroem Ink Deal to Finance Technology Platform for Carbon Credits
Africa Nigeria

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

ENERGY ANALYTICS INSTITUTE (EAI)16 May 202220 May 2022
(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...
OPEC’s Mohammad Barkindo Visits Petrocedeño Upgrader
Africa Latin America and the Caribbean Nigeria Venezuela

OPEC’s Mohammad Barkindo Visits Petrocedeño Upgrader

ENERGY ANALYTICS INSTITUTE (EAI)11 May 202212 May 2022
(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...
OPEC’s Barkindo Visits Jose Antonio Anzoátegui Petrochemical Complex
Africa Latin America and the Caribbean Nigeria Venezuela

OPEC’s Barkindo Visits Jose Antonio Anzoátegui Petrochemical Complex

ENERGY ANALYTICS INSTITUTE (EAI)11 May 202211 May 2022
(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...
NRGBriefs: CGX, Frontera on Guyana; Barkindo’s OPEC Wind-down
Africa Canada Guyana Latin America and the Caribbean Nigeria North America Venezuela

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

ENERGY ANALYTICS INSTITUTE (EAI)9 May 202212 May 2022
(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...
NRGBriefs: Nigeria’s Barkindo Visits with Venezuelan Authorities
Africa Nigeria

NRGBriefs: Nigeria’s Barkindo Visits with Venezuelan Authorities

ENERGY ANALYTICS INSTITUTE (EAI)7 May 202212 May 2022
(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...
Lekoil Nigeria Secures Court Injunction Against Lekoil Ltd and Savannah Energy Investments
Africa Nigeria

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

ENERGY ANALYTICS INSTITUTE (EAI)6 April 202219 April 2022
(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...
World Bank: Global Growth to Slow Through 2023
Africa Argentina Brazil Europe France Germany Guyana Latin America and the Caribbean Nigeria

World Bank: Global Growth to Slow Through 2023

ENERGY ANALYTICS INSTITUTE (EAI)11 January 202212 January 2022
(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,...
Roundtable: Celebrating African Innovation And Leadership
Africa Kenya Nigeria North America USA

Roundtable: Celebrating African Innovation And Leadership

ENERGY ANALYTICS INSTITUTE (EAI)25 May 202127 May 2021
(US House of Representatives, 25.May.2021) — For Africa Day 2021, the House Foreign Affairs Committee will convene notable African leaders and entrepreneurs to discuss how we can better engage African...
Energy Analytics Institute’s SPonsor ADvertiser (SPAD) Promo Video
Africa Brazil Colombia Guyana Latin America and the Caribbean Nigeria

Energy Analytics Institute’s SPonsor ADvertiser (SPAD) Promo Video

ENERGY ANALYTICS INSTITUTE (EAI)13 April 202113 April 2022
 (Energy Analytics Institute, 31.Dec.2021) — Energy Analytics Institute (EAI), which provides breakings news coverage of energy markets primarily in Latin America and the Caribbean, revealed its latest promo video related...
Shell Updates On African Assets In Annual Report
Africa Egypt Nigeria

Shell Updates On African Assets In Annual Report

ENERGY ANALYTICS INSTITUTE (EAI)1 April 202121 May 2021
(Shell, 1.Apr.2021) — Shell provided details in its 2020 annual report related to its operations in Africa from Egypt, Nigeria and Algeria, among other countries. What follows is a summary...
Guyana Basins Summit (GBS) Energy Highlights
Africa Ghana Guyana Latin America and the Caribbean Nigeria Suriname Trinidad and Tobago

Guyana Basins Summit (GBS) Energy Highlights

ENERGY ANALYTICS INSTITUTE (EAI)22 March 20219 June 2021
(Energy Analytics Institute, 22.Mar.2021) — Commentaries, quotes, data and other highlights from the Guyana Basins Summit (GBS) held virtually from 17-19 March 2021 and from speakers from Guyana’s President Mohamed...
Borr Drilling’s Fleet Status Report [PDF Download]
Asia Europe Gabon Latin America and the Caribbean Mexico Nigeria

Borr Drilling’s Fleet Status Report [PDF Download]

ENERGY ANALYTICS INSTITUTE (EAI)26 February 202126 February 2021
(Energy Analytics Institute, 26.Feb.2021) — Borr Drilling Limited provided a fleet status report through 26 February 2021. The update can be found here. Borr-Drilling-Fleet-Report-26Feb2021Borr Drilling Fleet Status Report ____________________ By...
NOCs Risk Wasting $400bn Amid Energy Transition
Africa Latin America and the Caribbean Mexico Nigeria

NOCs Risk Wasting $400bn Amid Energy Transition

ENERGY ANALYTICS INSTITUTE (EAI)9 February 202112 February 2021
(Reuters, 9.Feb.2021) — National oil companies (NOCs) risk squandering $400 billion on expensive oil and gas projects over the next decade that may only break even if the world fails...
Nigerian Court Issues Arrest Warrant ExxonMobil Head
Africa Nigeria

Nigerian Court Issues Arrest Warrant ExxonMobil Head

ENERGY ANALYTICS INSTITUTE (EAI)3 February 202110 February 2021
(Reuters, 3.Feb.2021) — A federal court in Abuja has signed off on a warrant to arrest the head of oil major ExxonMobil in Nigeria to compel him to appear before...
OPEC Fund Marks 45 Years Of Driving Development
Africa Ecuador Europe Iran Latin America and the Caribbean Middle East Nigeria United Arab Emirates Venezuela

OPEC Fund Marks 45 Years Of Driving Development

ENERGY ANALYTICS INSTITUTE (EAI)28 January 202126 February 2021
(The OPEC Fund, 28.Jan.2021) — The OPEC Fund for International Development (the OPEC Fund) marks its 45th anniversary today. Since inception, the multilateral development finance institution has approved more than...
Italy Seeking Documents For Eni, Shell Nigeria Case
Africa Europe Nigeria

Italy Seeking Documents For Eni, Shell Nigeria Case

ENERGY ANALYTICS INSTITUTE (EAI)20 January 202123 January 2021
(Reuters, 20.Jan.2021) — Italian prosecutors asked a Milan Court on Wednesday for documents sourced from U.S. bank JPMorgan to be filed as part of a corruption trial over the acquisition...
SPDC Closes Sale Of Interest In Oil Mining Lease 17
Africa Nigeria

SPDC Closes Sale Of Interest In Oil Mining Lease 17

ENERGY ANALYTICS INSTITUTE (EAI)15 January 202124 January 2021
(Shell, 15.Jan.2021) — The Shell Petroleum Development Company of Nigeria Limited (SPDC), has completed the sale of its 30% interest in Oil Mining Lease (OML) 17 in the Eastern Niger...
SPDC Declares Force Majeure In Nigeria
Africa Nigeria

SPDC Declares Force Majeure In Nigeria

ENERGY ANALYTICS INSTITUTE (EAI)14 January 202124 January 2021
(Energy Analytics Institute, 14.Jan.2021) — The Shell Petroleum Development Company of Nigeria Limited (SPDC), operator of the SPDC joint venture and the Forcados Oil Terminal in Nigeria, declared a force...
Nigeria Solar Firm Gets $38mn To Expand
Africa Ghana Nigeria Senegal

Nigeria Solar Firm Gets $38mn To Expand

ENERGY ANALYTICS INSTITUTE (EAI)12 January 202115 January 2021
(Bloomberg, 12.Jan.2021) — Daystar Power, a Nigerian solar energy provider, has raised $38 million with the support of Investment Fund for Developing Countries and Morgan Stanley Investment Management to expand...
OPEC Voluntary Production Levels (PDF DOWNLOAD)
Africa Latin America and the Caribbean Middle East Nigeria Saudi Arabia Venezuela

OPEC Voluntary Production Levels (PDF DOWNLOAD)

ENERGY ANALYTICS INSTITUTE (EAI)11 January 202111 January 2021
(Energy Analytics Institute, 11.Jan.2021) — OPEC’s voluntary crude oil production levels for the months of January, February, and March. OPEC_Voluntary-Production-LevelsDownload __________ By Ian Silverman. © Energy Analytics Institute (EAI). All...
NNPC Seeks $1bn Oil Prepay For Port Harcourt Refinery
Africa Nigeria

NNPC Seeks $1bn Oil Prepay For Port Harcourt Refinery

ENERGY ANALYTICS INSTITUTE (EAI)7 January 202111 January 2021
(Reuters, 7.Jan.2021) — Nigeria’s state oil firm NNPC is in talks to raise around $1 billion in a prepayment with trading firms to refurbish its largest refining complex at Port...
UK Hosts African Ministers Energy Symposium
Africa Nigeria

UK Hosts African Ministers Energy Symposium

ENERGY ANALYTICS INSTITUTE (EAI)9 December 202015 December 2020
(UK's Department for International Trade or DIT, 9.Dec.2020) — The UK's Department for International Trade (DIT) on 3 December 2020, hosted the first ever UK-Africa Renewable Energy Ministerial Symposium to...
OPEC+ To Boost Output After Tense Negotiations
Africa Europe Middle East Nigeria

OPEC+ To Boost Output After Tense Negotiations

ENERGY ANALYTICS INSTITUTE (EAI)4 December 20204 December 2020
(WoodMac, 4.Dec.2020) — Tense negotiations and rumours of a rift between Saudi Arabia and UAE ended with a compromise deal for OPEC+ on 3 December 2020. Despite concerns on oversupply...
Nigeria In Recession, Impacted By COVID-19, Oil
Africa Nigeria

Nigeria In Recession, Impacted By COVID-19, Oil

ENERGY ANALYTICS INSTITUTE (EAI)21 November 202023 November 2020
(Reuters, 21.Nov.2020) — Nigeria has slipped into a recession after its gross domestic product contracted for the second consecutive quarter, according to data released on Saturday which showed the impact...
Sterling And Wilson To Build Solar Storage Power Plant
Africa Nigeria

Sterling And Wilson To Build Solar Storage Power Plant

ENERGY ANALYTICS INSTITUTE (EAI)22 October 202019 December 2020
(Sterling and Wilson Pvt, 22.Oct.2020) — Sterling and Wilson Pvt Ltd (SWPL), India's leading engineering, procurement and construction (EPC) company, announced that its Hybrid & Energy Storage division (HES), in...
Africa’s Gasoline Demand To Support Asia, Europe
Africa Nigeria

Africa’s Gasoline Demand To Support Asia, Europe

ENERGY ANALYTICS INSTITUTE (EAI)24 September 202030 September 2020
(Platts, 24.Sep.2020) — Africa's gasoline demand is expected to support the gasoline markets of Asia and Europe as refinery outages in the African continent, together with a strong recovery in...
Nigeria Convicts First Pirates Under New Maritime Law
Africa Nigeria

Nigeria Convicts First Pirates Under New Maritime Law

ENERGY ANALYTICS INSTITUTE (EAI)12 August 202012 August 2020
(Reuters, 12.Aug.2020) — A Nigerian court made the first convictions under a new anti-piracy law, giving hope to the world's shipping fleets that legal reforms will help stem rising attacks...
Agbami Key Sticking Point In OPEC+ Compliance
Africa Nigeria

Agbami Key Sticking Point In OPEC+ Compliance

ENERGY ANALYTICS INSTITUTE (EAI)11 August 202012 August 2020
(Argus, 11.Aug.2020) — Nigeria's full compliance to the OPEC+ deal hangs on a key oil grade being treated as a condensate. Since OPEC+ allowed ultra-light oil to be exempt from...
Guyana: Education Through African Culture, Heritage
Ghana Guyana Latin America and the Caribbean Nigeria

Guyana: Education Through African Culture, Heritage

ENERGY ANALYTICS INSTITUTE (EAI)31 July 20202 August 2020
(DPI, 31.Jul.2020) — A webinar focusing on African Cultural Teachings was hosted by the International Decade for People of African Descent Assembly – Guyana (IDPADA-G) last evening. Moderators, Shonetta Lowe...
IMF Press Briefing On Nigeria, Argentina
Africa Argentina Latin America and the Caribbean Nigeria

IMF Press Briefing On Nigeria, Argentina

ENERGY ANALYTICS INSTITUTE (EAI)23 July 202018 August 2020
(IMF, 23.Jul.2020) — Transcript of International Monetary Fund (IMF) press briefing on Nigeria, Argentina, and other countries. MR. RICE: Good morning everyone and welcome to this press briefing on behalf...
McDermott Awarded Next Phase Of Azikel Refinery
Africa Nigeria

McDermott Awarded Next Phase Of Azikel Refinery

ENERGY ANALYTICS INSTITUTE (EAI)14 July 202019 August 2020
(McDermott, 14.Jul.2020) — McDermott International Ltd. announced it has been awarded a *large engineering and procurement contract from Azikel Petroleum Ltd. for the modular 12,000 BPD Hydro-Skimming Refinery project. The...
Sasol Sells Escravos GTL Plant In Nigeria To Chevron
Africa Nigeria

Sasol Sells Escravos GTL Plant In Nigeria To Chevron

ENERGY ANALYTICS INSTITUTE (EAI)1 July 202019 August 2020
(Sasol, 1.Jul.2020) — Sasol and Chevron have signed an agreement that will result in Sasol selling its indirect beneficial interest in the Escravos GTL (EGTL) plant in Nigeria to Chevron....
Opec+ Extra Cuts Will End In June: Saudi Oil Minister
Africa Libya Nigeria

Opec+ Extra Cuts Will End In June: Saudi Oil Minister

ENERGY ANALYTICS INSTITUTE (EAI)8 June 20208 June 2020
(Argus, 8.Jun.2020) — Mideast Gulf countries that pledged deeper crude cuts beyond their Opec+ commitments this month do not plan to extend these into July, Saudi oil minister Prince Abdulaziz...
Nigeria LNG Limited Selects Saipem For LNG Project
Africa Nigeria

Nigeria LNG Limited Selects Saipem For LNG Project

ENERGY ANALYTICS INSTITUTE (EAI)13 May 20206 July 2020
(Saipem, 13.May.2020) — Saipem, in joint venture with Daewoo E&C Co. Ltd and Chiyoda Corporation (SCD JV), has been awarded by Nigeria LNG Limited the contracts for the Engineering, Procurement...
Even At $10/bbl, Traders Balk At Buying Nigeria’s Oil
Africa Nigeria

Even At $10/bbl, Traders Balk At Buying Nigeria’s Oil

ENERGY ANALYTICS INSTITUTE (EAI)28 April 202022 June 2020
(Bloomberg, 28.Apr.2020) — The oil price crash isn’t getting any easier for Nigeria. Late on Monday, the nation released the prices for most of its crude oil grades for sale...
Galileo Sales VP Gabriel Lorenzi Interviewed By GBR
Africa Angola Argentina Latin America and the Caribbean Nigeria

Galileo Sales VP Gabriel Lorenzi Interviewed By GBR

ENERGY ANALYTICS INSTITUTE (EAI)9 April 20202 July 2020
(Global Business Reports, 9.Apr.2020) — Twenty years ago it was impossible to think about an off-grid natural gas network. Today, Africa can build it with our innovative and efficient technologies,...
Total Restates Commitment To Nigeria
Africa Nigeria

Total Restates Commitment To Nigeria

ENERGY ANALYTICS INSTITUTE (EAI)9 September 201922 June 2020
(Total, 9.Sep.2019) — The top management of Total in Nigeria led by the Country Chair and Managing Director of Total E&P Mr. Mike Sangster, the Managing Director of Total Nigeria...
Shell Says Bonny Light Force Majeure Lifted
Africa Nigeria

Shell Says Bonny Light Force Majeure Lifted

ENERGY ANALYTICS INSTITUTE (EAI)28 June 201724 January 2021
(Energy Analytics Institute, 28.Jun.2017) — Shell announced that the force majeure on Bonny Light exports was lifted effective 12:00 hours (Nigerian time). The lifting of the force majeure happened sometime...

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Energy Analytics Institute’s SPonsor ADvertiser (SPAD) Promo Video

Frontera Refinances Existing Puerto Bahía Debt, Enters Into Credit Agreement

Baker Hughes to Supply Trains for Port Arthur LNG Phase 1 Project

Energy Analytics Institute’s NRGBriefs: March 2023

ONE GUYANA FPSO Reaches Drydock [Video]

Ecopetrol Names Alberto Consuegra Granger as Interim CEO

Ecopetrol Not Advancing Plans to Buy Monómeros Colombo Venezolanos S.A.

Petrobras on Route 3 Integrated Project 

A Supercharged China Could Turn up the Heat on Global Commodities

Energy Chamber Facilitates Discussion on Carbon Border Adjustment Mechanism

Paratus Energy Services Ltd Announces 4Q:22 Trading Update 

Ecopetrol Obtains Authorization to Borrow One Trillion Pesos from Bancolombia

Petrobras on Letter from the Ministry of Mines and Energy (MME)

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