Nigeria, Africa’s largest crude oil producer, has officially kicked off its 2025 oil licensing round, offering 50 blocks to international and local investors. The move, spearheaded by the Nigerian Upstream.
Nigeria is set to redefine its position as a continental energy powerhouse with the announcement of a $50 billion investment to develop Africa’s second-largest oil refinery in Ondo State. Spearheaded.
The decision by OPEC+ to raise output by a modest 137,000 barrels per day (bpd) in December 2025 and then pause any further increases through the first quarter of 2026.
Nigeria’s energy sector has received a powerful jolt of optimism with Shell’s approval of a $2 billion offshore gas development in the HI Field, located in Oil Mining Lease (OML).
Nations across the world are racing to redefine their power sources, not merely to combat climate change but to secure long-term economic resilience and national security. In 2024, global investments.
