Top Headlines to Know This Thursday Evening

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Top Headlines to Know This Thursday Evening

Nigeria to Host Inaugural International Hydrogen Conference

The Federal Government, through the Ministry of Petroleum Resources, in collaboration with the Foundation for Sustainable Social Responsibility in Emerging Africa (FOSSREA), is set to host the country's first International Hydrogen Conference from November 26 to 28 at the State House Banquet Hall, Aso Villa in Abuja.

Eunisell Advocates for Domestication of Nigeria's Oil and Gas Industry

Eunisell Limited, a chemical and production solutions company, emphasized the importance of strengthening local content and leveraging indigenous companies to drive growth in Nigeria's oil and gas sector during the Nigerian Association of Petroleum Explorationists (NAPE) 2024 Annual International Conference in Lagos.

Nigeria's Quest to Double Oil Output Faces 'Crude' Realities

Nigeria's ambitious plan to double its oil output in the next two years faces challenges, including longstanding infrastructure issues and pressures on local firms to fill the gap left by international oil companies moving operations offshore.

Can Nigeria Stem the Tide of Oil Theft and Secure Its Future?

Despite achieving a production milestone of 1.8 million barrels per day, Nigeria's oil wealth is being systematically plundered due to rampant oil theft, threatening economic stability and undermining global energy aspirations.

NNPC Signs 10-Year Gas Sale Deal with Dangote Refinery

The Nigerian National Petroleum Corporation (NNPC) announced a 10-year gas sale agreement with the Dangote Refinery, established by billionaire Aliko Dangote in Lagos. NNPC's subsidiary, NNPC Gas Marketing Limited, will supply the refinery with 100 million standard cubic feet of natural gas daily, intended for power generation and as raw material.

Nigeria Signs $1.2 Billion Deal with Chinese State-Owned Company to Revamp Key Gas Plant

Nigeria has signed a $1.2 billion agreement with the Chinese state-owned CNCEC to revamp a critical gas processing plant, aiming to bolster the Aluminum Smelter Company of Nigeria and potentially become a leading aluminum producer domestically and internationally.

Big Oil's Dirty Legacy in Nigeria

The discovery of oil in Ogale, Nigeria, initially brought development but swiftly led to severe environmental degradation. Shell and other oil companies' activities have left farmlands contaminated and wildlife dead. As they now divest their onshore assets to local companies, concerns arise about the continuing neglect of environmental responsibilities.

Dangote Seeks Billions to Boost Crude Supplies at New Nigerian Refinery

Aliko Dangote is seeking to secure billions in funding to enhance production at his $20 billion oil refinery near Lagos. Conversations with lenders, banks, and oil traders aim to bolster crude supply, crucial for the refinery's goal of processing 650,000 barrels per day.