Perenco and Cameroon’s state-owned Société Nationale des Hydrocarbures (SNH) are preparing to redirect gas that was previously used for LNG exports to the domestic market. The move follows the planned departure of the Hilli Episeyo, Cameroon’s floating LNG vessel, which...
Tetra4 has signed a new five-year agreement to supply liquefied natural gas (LNG) to a food processing company in South Africa. The deal will provide Tetra4 with a steady source of income as it prepares to begin commercial operations at...
President Bola Tinubu’s approval of a new tax remission for deep offshore oil and gas projects has been welcomed by some investors, but the policy also raises an important question: will it create new value for Nigeria or simply give...
President Bola Tinubu has approved a new executive order aimed at bringing more investment into Nigeria’s deep offshore oil and gas industry. The Deep Offshore Oil and Gas Projects Incentives (Tax Remission) Order, 2026 is designed to help restart major...
Nigeria’s crude oil production fell in July after recording five straight months of increases, with a sharp drop from ExxonMobil’s Erha field playing a major role. The country produced an average of 1.505 million barrels per day (bpd) in July...
Aradel Holdings and Seplat Energy recorded almost the same level of oil and gas production in the first six months of 2026, according to reports from both Nigerian companies. Both companies averaged about 139,000 barrels of oil equivalent per day...
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