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A service for energy industry professionals · Thursday, May 8, 2025 · 810,666,655 Articles · 3+ Million Readers
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Nigeria Energy Industry News  •••  Topics  •  Nigeria Media Directory

Nigeria Oil Fields News Monitoring

  • Published on 00:53 GMT

    ExxonMobil commits to $1.5bn deepwater oil fields investment

    ExxonMobil has confirmed plans to invest $1.5 billion in Nigeria’s deepwater exploration and development for the next two years. The planned investment, which will be executed between Q2 2025 and 2027, will focus primarily on revitalising production at the …

    Source: Punch - Indeterminate
  • Published on 04:27 GMT

    A case against demarketing Nigeria (1)

    The response of the Federal Government, through Mr. Bayo Onanuga, to the information shared by Akinwunmi Adesina, President of Africa Development Bank (AfBD), to the effect that Adesina’s assertion that Nigeria’s GDP was better in the 1960s than it is …

    Source: The Sun Nigeria - Indeterminate
  • Published on May 7, 2025

    ExxonMobil To Invest $1.5bn In Usan Deepwater Oil Field — NUPRC

      ExxonMobil has affirmed its long-term commitment to Nigeria’s oil and gas sector with a planned investment of $1.5 billion in deepwater exploration and development of the Usan oilfield.  Nigerian Upstream Petroleum Regulatory Commission (NUPRC) revealed …

    Source: Channels TV - Neutral
  • Published on May 7, 2025

    ExxonMobil Plans $1.5bn Investment in Usan Deepwater Oil Field

    By Adedapo Adesanya Telecommunications operators in Nigeria added about 3.39 million telephone lines in the first quarter of 2025, pushing active users to 172.7 million, amounting to 79.67 per cent teledensity, according to the latest data released by the …

    Source: BusinessPost Nigeria - Indeterminate
  • Published on May 7, 2025

    Nigeria welcomes Exxon Mobil’s $1.5b investment pledge

    Nigeria’s oil regulator has welcomed Exxon Mobil Corp. plans to invest $1.5 billion in a deepwater oil field in crucial fields across the country. Nigeria as Africa’s top producer is looking to boost output, according to the nation’s regulator. The …

    Source: Business Day - Neutral
  • Published on May 7, 2025

    ExxonMobil to invest $1.5 billion in Nigeria’s deepwater oil fields between Q2 2025-2027 

    ExxonMobil has affirmed its long-term commitment to Nigeria’s oil and gas sector with a planned $1.5 billion investment in deepwater exploration and development projects, a move set to reinforce confidence in the country’s upstream potential. The planned …

    Source: Nairametrics - Neutral
  • Published on May 7, 2025

    ExxonMobil targets $1.5 billion deepwater investment in Nigeria

    ExxonMobil is raring to complete the process that will formalise a new $1.5 billion deepwater investment in Nigeria, and so has arranged for a final investment decision (FID) to be made at most by September. The financial commitment to the project, to be …

    Source: Premium Times - Neutral
  • Published on May 7, 2025

    ExxonMobil Commits $1.5 Billion To Nigeria’s Deepwater Oil Projects

    ExxonMobil has reinforced its long-term investment in Nigeria’s oil and gas sector with a $1.5 billion plan to boost deepwater exploration and production. The funding, set for deployment between Q2 2025 and 2027, will focus on revitalising output at the …

    Source: TVC News Nigeria - Pro-Government
  • Published on May 7, 2025

    ExxonMobil to Invest $1.5 Billion in Nigeria’s Deepwater Sector

    ExxonMobil has unveiled plans to invest $1.5 billion in the development of Nigeria’s deepwater oil operations. The investment, scheduled to run from the second quarter of 2025 through 2027, will focus on revitalising production at the Usan deepwater oil …

    Source: TechEconomy - Neutral
  • Published on May 6, 2025

    ExxonMobil confirms plan to invest $1.5bn in Nigeria’s deepwater oil fields

    ExxonMobil has confirmed plans to invest $1.5 billion in Nigeria’s deepwater exploration and development for the next two years, starting from the second quarter of 2025, the company announced late Tuesday. This financial commitment, which will be …

    Source: Business Day - Neutral
  • Published on May 7, 2025

    ExxonMobil plans $1.5bn investment in Nigeria’s oilfield

    The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says ExxonMobil has reiterated its long-term commitment to Nigeria’s oil and gas industry with a proposed investment of $1.5 billion in deep-water exploration and development. According to a …

    Source: The Cable - Neutral
  • Published on May 6, 2025

    Nigeria: Parallel, official markets gap narrows below 5% in 2025

    Reduction of the spread between parallel and official market exchange rates, growing external buffers, increased foreign exchange (FX) flows and prospect of increased oil production have been identified by an economy expert and CEO of The CFG Advisory, Mr. …

    Source: Zawya - Indeterminate
  • Published on 07:45 GMT

    After onshore divestment, ExxonMobil to invest $1.5bn in deepwater exploration

    ExxonMobil has disclosed plans to invest $1.5 billion in deepwater exploration and development. A statement by Nigerian Upstream Petroleum Regulatory Commission (NUPRC), said the significant financial commitment would be implemented between Q2, 2025 – 2027 …

    Source: Daily Trust - Pending
  • Published on 03:23 GMT

    Aradel earmarks $20m for Chappal Energies acquisition

    Aradel Holdings says it has set aside $20m to acquire Chappal Energies. The fund, it was said, contributed to a decrease in the company’s cash flows from operating activities. In its unaudited report for the first quarter of 2025, it was stated that the …

    Source: Punch - Indeterminate
  • Published on May 7, 2025

    Egypt Greenlights Contracts To Expand Lukoil’s Western Desert Interests

    Egypt’s parliament has authorized the Ministry of Petroleum and Mineral Resources to finalize two contracts that expand the interests of Russia’s second-largest oil producer Lukoil in exploration and production in the Western Desert. The agreements …

    Source: Journal of Petroleum Technology - Neutral
  • Published on May 7, 2025

    NUPRC Pledges Support as ExxonMobil Commits to $1.5bn Deepwater Investment

    Emmanuel Addeh in Abuja ExxonMobil has affirmed its long-term commitment to Nigeria’s oil and gas sector with a planned investment of 1.5 billion dollars in deepwater exploration and development, putting to rest the company’s rumoured planned exit from the …

    Source: This Day - Pro-Government
  • Published on May 7, 2025

    SEC to Discuss Unregistered Investment Schemes at First CMC Meeting of 2025

    By Adedapo Adesanya ExxonMobil is planning a $1.5 billion investment in deepwater exploration and development of the Usan oilfield in Nigeria. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) revealed this in a statement, noting that …

    Source: BusinessPost Nigeria - Indeterminate
  • Published on May 7, 2025

    Blackout Hits 18 Niger Communities

        At least 18 communities in Minna, Niger State, are currently affected in a total blackout caused by an ongoing road construction in the areas. A statement by the Abuja Electricity Distribution Company (AEDC) on Wednesday said a road construction was …

    Source: Channels TV - Neutral
  • Published on May 7, 2025

    I.W. Gareth Hughes (1933 – 2024)

    Gareth Hughes was born in Mumbles and educated at Swansea Grammar School and Swansea University. He joined the Geological Society in 1955 and became a Senior Fellow in 2005. Gareth was also a Fellow of the Energy Institute and a member of the American …

    Source: GEOSCIENTIST - Pending

04 days 16:50:22

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  • Published on May 8, 2025 - 07:38 GMT

    Hungary criticizes EU plot to halt Russian energy ship-ins

    (MENAFN) Hungary has strongly criticized the European Commission’s proposal to phase out all imports of Russian energy, calling it a violation of national sovereignty and warning of severe economic consequences. Hungarian Foreign Minister Peter Szijjarto …

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  • Published on May 8, 2025 - 07:38 GMT

    EU gas rates achieves historic high in 2024

    (MENAFN) Household gas prices in the EU soared to record highs in the second half of 2024, according to new data from Eurostat released on Tuesday. It marked the first price increase since the 2022 energy crisis triggered by the Ukraine conflict and EU …

    Distribution channels: ...
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