Nigeria recorded a historic shift in its downstream petroleum trade in March, emerging as a net exporter of gasoline for the first time, driven largely by rising output from the Dangote Petroleum Refinery & Petrochemicals. Data from market intelligence…
AOW:Energy: On the Dawn of a New Era for Nigeria & African Upstream Markets
Nigeria’s upstream oil and gas sector is entering a defining phase, with its onshore, swamp, and shallow-water basins remaining among the most technically rich and commercially attractive assets in Africa—and arguably globally. A new wave of investment interest in marginal…
Oil Prices Surge Past $100 as Trump Threatens to Blockade the Strait of Hormuz
Oil prices surged back above $100 a barrel in early Asian trade following the collapse of U.S.-Iran negotiations and Trump’s announcement that the U.S. would blockade the Strait of Hormuz. At the time of writing, West Texas Intermediate was trading…
Moving from Energy Crisis to Energy Security with Renewables – IRENA Policy Brief
The strategic deployment of renewables has provided enhanced resilience in the face of the current energy crisis by a number of countries, according to a new policy advisory from the International Renewable Energy Agency (IRENA). The brief, aimed at policy…
Nigeria’s Electricity Generation Improved to 4300MW from 3951MW From March to April – Adelabu
Nigeria’s power sector recorded a notable improvement in electricity generation, rising from 3,951 megawatts (MW) in March to approximately 4,300MW in early April, according to the Minister of Power, Adebayo Adelabu. The Minister attributed this upward trend primarily to a…