Tag: Energy

Bashir Bayo Ojulari
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Bashir Bayo Ojulari leads Nigeria’s state oil giant NNPC to $5.4 billion profit

NNPC Limited posted a record $5.42 billion profit in 2025 as Bashir Bayo Ojulari led stronger oil and gas production.

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Nigeria’s state-owned oil company, NNPC.
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Nigeria’s gas supply crosses 2 billion cubic feet daily to ease power crisis

Nigeria’s domestic gas supply has surpassed 2 billion cubic feet per day as gas production and infrastructure investment expand.

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Volobe Dam Expands Power Access
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AXIAN Energy-backed Malagasy hydro project to power 2 million, create 1,500 jobs

AXIAN Energy has sealed an agreement for Madagascar’s 120 MW Volobe hydro project, a move set to power 2 million people and add 1,500 local jobs.

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Nigerian oil tycoon Abdulwasiu Sowami
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Nigerian oil tycoon targets Africa’s largest CNG producer 7 years after $200 million Otedola deal

Nigerian oil tycoon Abdulwasiu Sowami’s Ardova is leading a consortium to acquire Powergas, expanding its CNG business and targeting 100 refueling sites nationwide.

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Nigerian energy tycoon Wale Tinubu
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Nigerian energy tycoon Wale Tinubu warns Africa’s energy gap threatens its 2030 development goals

Nigerian energy tycoon Wale Tinubu warns Africa’s energy gap could threaten its 2030 goals as the continent seeks reliable power and investment.

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Angola’s Cabinda refinery begins fuel shipments.
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Global gas crunch puts Nigerian and Angolan LNG in high demand

Middle East LNG disruptions remove 36 million tonnes of supply, creating opportunities for African producers as global buyers seek alternatives.

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Glencore
BusinessGlobal News

Glencore eyes alumina, energy investments in Guinea after $300 million bauxite deal

Glencore eyes alumina and energy investments in Guinea after signing a more than $300 million bauxite financing and offtake deal.

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French giant TotalEnergies
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French giant TotalEnergies strikes new offshore oil in Angola after $10B pledge

TotalEnergies strikes offshore oil in Angola and secures two new exploration blocks, following a pledge to invest $10 billion over the next five years.

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Dangote Refinery gasoline storage tank with 60 million liters capacity under Dangote Industries Limited operations in Nigeria.
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Dangote Refinery boosts Nigeria’s refining sector to 44% growth in second quarter

Nigeria’s refining output grew 44 percent in Q2 2026 as Aliko Dangote’s $20 billion facility drove historic domestic processing records.

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Dangote Refinery gasoline storage tank with 60 million liters capacity under Dangote Industries Limited operations in Nigeria.
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Dangote Refinery could get cheaper crude under Nigeria supply reforms

Nigeria is considering crude supply and pricing reforms that could lower feedstock costs for Dangote Refinery and other domestic processors.

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Solar panels managed by Sila Atlantik.
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Morocco, Germany $30 billion subsea cable project snagged by governance row

Governance disputes and design demands have stalled a $30 billion subsea power cable project set to supply Germany with Moroccan renewable energy.

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Nigeria LNG Ltd. (NLNG) plans to start operations at its $10 billion Train 7 project by the end of 2027, as the liquefied natural gas producer works to expand output and address persistent constraints on gas supply. Managing Director Adeleye Falade disclosed the target to reporters on the sidelines of the Gastech conference in Bangkok. The project, located on Bonny Island in Nigeria, is designed to increase NLNG’s production capacity to 30 million metric tons a year from 22 million metric tons. Train 7 has faced repeated delays, including setbacks linked to the COVID-19 pandemic and the war in Ukraine. The latest target puts the project on a path toward completion as Nigeria seeks to increase its LNG production capacity. Gas supply remains key constraint NLNG remains under a force majeure declared in 2022 after widespread flooding disrupted its gas supply, Falade said at the conference. The company expects to lift the force majeure once plant utilization reaches 90 percent. NLNG is currently operating at between 82 percent and 83 percent utilization, according to Falade. “We still have a delta of about 15 percent that we need to close,” he said. “Operationally, we are able to do that, but our biggest constraint is gas supply, and we're working with all the relevant people, including the government, to be able to get more gas to flow into the plant.” The comments highlight the importance of securing additional feed gas as NLNG works to raise production and meet its existing commitments. The company is focused on fulfilling its contractual obligations to buyers while seeking to maximize available production, Falade said. Buyers seek more LNG Interest in additional LNG volumes and spot cargoes has increased following disruptions to exports through the Strait of Hormuz during the Iran war, Falade said. “People are looking at more diversified, reliable sources of supply,” he said. The increased interest comes as buyers seek alternative sources of LNG amid disruptions affecting established supply routes. For NLNG, the priority remains its existing customer commitments while making use of additional production capacity where available. “Our priority currently is to continue to make sure that we fulfil our obligations to our existing customers and maximize as much production opportunity as possible that we have,” Falade said. Ownership and expansion NLNG is majority-owned by the Nigerian National Petroleum Company, with foreign partners including Shell, TotalEnergies and Eni. The Train 7 expansion is expected to raise the company’s nameplate capacity by 8 million metric tons a year, taking total capacity from 22 million metric tons to 30 million metric tons. For NLNG, the expansion comes alongside efforts to improve utilization at its existing facilities. The company’s ability to increase output remains tied to the availability of sufficient gas supplies, according to Falade. The end-2027 startup target therefore places both the completion of Train 7 and continued improvement in gas supply at the center of NLNG’s plans to increase LNG production.
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Nigeria’s crude oil output hits 6-year high at 1.56M bpd, beats OPEC quota

Nigeria's crude output rose to a six-year high of 1.56 million barrels per day in June, exceeding its OPEC quota despite weaker NNPC revenue in May.

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