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Orient Energy Review, Africa’s top energy news website brings you the latest, carefully curated Nigerian Oil and Gas News, covering updates from diverse companies/stakeholders from the Upstream/Downstream Oil & Gas Industry in Nigeria.

Brief History of Nigeria’s Oil and Gas Industry

Nigeria is the largest oil and gas producer in Africa. Crude oil from the Niger delta basin comes in two types: light, and comparatively heavy – the lighter around 36 gravity and the heavier, 20–25 gravity. Both types are paraffinic and low in sulfur.

Nigeria’s oil revenue has totaled $340 billion in exports since the 1970s and it is the fifth largest producer.
Though Nigeria is a major oil exporter, it imports most of its gas, and when fuel subsidies were lifted in January 2012, fuel increased from roughly $1.70 per gallon to $3.50.

Nigeria produces a form of oil ideal for the United States, has huge reserves, and has increased its production to 2.8 million barrels (450,000 m3) of oil a day. But this, some say, is all a resource curse that is hurting Nigeria and disadvantaging her people.

Enjoy our top list of “Oil and Gas News in Nigeria”.

NNPC Finally Quits Space As State Corporation

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Last weekend, the Nigerian National Petroleum Company conducted the finals laps of the take-over of erstwhile state CorporationNNPC Ltd took over after attaining...

NNPC Seals Energy Development New Deal With Gambia

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Nigeria has signed a Memorandum of Understanding (MoU) with the Government of the Republic of The Gambia to explore and develop crude oil in...

Nigeria’s Oil Output Rises Past 1.6mbpd, Onslaught Against Oil Thieves Paying...

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The Nigerian National Petroleum Company Limited Ltd has confirmed that Nigeria’s output has risen to 1.6 million barrels per day. It is assumed...

Nigeria Adopts Electronic Cargo Tracking System To Check Oil Theft

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Nigeria has adopted electronic cargo tracking device that will monitor all vessels entering and leaving Nigeria's water space. The scheme is expected to plug...

SNEPCo Wins 2023 OGTAN National Award Of Excellence

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Shell Exploration and Production Company (SNEPCo) has won the 2023 Oil and Gas Trainers Association of Nigeria (OGTAN) national award of excellence for human...

AfCFTA Presents Collaborative Local Content Strategy For Africa – NCDMB Boss

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Executive secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Mr. Simbi Wabote has said that the African Continental Free Trade Agreement (AfCFTA)...

PETAN Set To Launch Regional Local Content e-Portal

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…Advocates for Regional Collaboration to Sustain African Energy Market Chairman of Petroleum Technology Association of Nigeria (PETAN), Nicolas Odinuwe, has informed that his organization is...

NNPC Estimates Energy Demand In Africa To Increase By 35% In...

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The Nigerian National Petroleum Company Limited has made an estimate that energy demand in Africa would hover between 30 to 35% in the...

Nigeria Could Become Africa’s Biggest Oil Refiner By 2025 – Report

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Nigeria is the market to watch this year not only because of the opening of the Dangote refinery but because of its upcoming change...

Julius Berger Wins Contract For Oloibiri Museum and Research Center

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…Project to kick off Q1 2023 Nigeria has awarded the Phase-1 engineering, procurement & construction contract for Oloibiri Museum & Research Centre (OMRC) in Ogbia...

NCDMB Boss Receives Honourary Doctorate Degree In Science From Imo State...

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The executive secretary of the Nigerian Content Development and Monitoring Board , Mr. Simbi Kesiye Wabote, was last weekend conferred with a Doctor of...

Fuel Pump Price: IPMAN Pleads For Time To Comply

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The Independent Petroleum Marketers Association of Nigeria has appealed to the Nigerian government to ive it more time to sell petroleum products at...

Fuel Subsidy Removal In Nigeria Is A Big Opportunity To Switch...

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In this exclusive interview with Nairametrics, the chef executive officer (CEO) of Extreme Mutual Technique, Bome Ojoboh, talks about why the solar energy sub-sector...

Don’t Lose Sight Of Vision 30:30:30, Minister Urges REA

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...Use Renewable Energy To Bridge Nigeria’s Energy Gap The Nigerian government has charged its electricity agency to consider focus and use of renewable energy as...

PENGASSAN Urges FG To Revoke Licenses Of Marketers Hoarding Petrol

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The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has called on the Federal Government, through the management of the Nigerian Midstream...

NNPC Ends 24-year PSC Contract With Addax Petroleum

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…Recovers 4 Oil Wells The Nigerian National Petroleum Company Ltd (NNPC) has confirmed the take-over of the Production Sharing Contract (PSC) for four oil wells...

Wabote Receives Leadership Local Content Champion Award

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“We have taken NCDMB to become the best agency in the country. We will continue to excel, and I hope the staff will continue...

NCDMB Begins New Year With Platinum Level Ranking

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The Nigerian Content Development and Monitoring Board (NCDMB) has emerged a “Level 5 Platinum Level organization” in a summary report of the Bureau of...

Guinea Delegation Visits NCDMB To Understudy Local Content Management

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The executive secretary of the Nigerian Content Development Management Board , Mr. Simbi Wabote last weekend, received a delegation of the ministry of commerce...

NUPRC to End Inaccurate Accounting for Nigeria’s Oil, Gas Production

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The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has ended a two-day workshop in Abuja on production determination, accounting and reconciliation for crude oil, natural...