Author: Rareview

Photo courtesy: TBI By Ali Elias Nigeria’s oil and gas industry is becoming more inviting to local and foreign investors, according to Renaissance Africa Energy Company. At the 50th anniversary of the Nigerian Association of Petroleum Explorationists (NAPE), Managing Director Tony Attah highlighted that recent reforms are reshaping the sector and readying it for growth.Attah credited three major reforms for the shift: the Petroleum Industry Act (PIA), the Nigerian Oil and Gas Industry Content Development Act, and the rebranding of Nigeria’s oil company, NNPCL. He said these changes have helped build investor trust and fostered a pool of skilled Nigerian professionals.He also pointed out that the new NNPCL board is filled with experienced leaders from international oil companies, whi...

By Ali Elias Nigeria’s Dangote refinery is shaking up global fuel markets as it ramps up production, cutting into Europe’s once-lucrative gasoline exports to West Africa and leaving many refiners across the continent under pressure. Since operations began in September 2024, the 650,000 barrels per day (bpd) facility near Lagos has steadily increased output. Once heavily dependent on European imports, West Africa is now sourcing a large share of its petrol locally, thanks to Dangote’s rising production. Industry figures show European gasoline exports to West Africa fell sharply in the first seven months of 2025, averaging about 285,000 bpd—a one-third drop compared to last year. In July alone, Dangote refinery processed a record 595,000 bpd of crude, signaling its rapid march towar...

By Ali Elias Africa’s largest refinery, the $20 billion Dangote Petroleum Refinery, is facing a critical test as it struggles to secure crude oil from local producers, forcing it to consider importing Russian crude — a move that could drag Nigeria into global geopolitical tensions.Despite being designed to transform Nigeria from a net importer into a major exporter of refined petroleum products, the refinery has been running below capacity due to lack of crude feedstock. International oil companies operating in Nigeria have continued prioritizing exports to more lucrative foreign markets, leaving Dangote’s facility scrambling for domestic supply.Frustrated by the shortfall, Dangote has taken legal steps, suing the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to enforce regu...

Photo courtesy TBI: Dignitaries at the naming ceremony of the 40,000 cubic metres (CBM) WAGL Energy Limited’s Liquefied Petroleum Gas (LPG) vessel in Ulsan, South Korea, on Monday. By Ali Elias President Bola Ahmed Tinubu has lauded WAGL Energy Limited, a joint venture of NNPC Limited and Sahara Group, for their commitment to strengthening Africa’s clean energy value chain with the commissioning of a new Liquefied Petroleum Gas (LPG) vessel, MT Iyaloja (Lagos). The President, represented at the ceremony by the Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, said the investment reflects strategic foresight, technical excellence, and a dedication to energy access, affordability, and security across the continent. The commissioning of MT Iyaloja (Lagos) also highl...

Photo courtesy: TBI By Els William Seplat Energy plc, in partnership with NNPC Limited, has achieved a landmark milestone in Nigeria’s energy sector: the first-ever domestic supply of Liquefied Petroleum Gas (LPG) – butane – from the Bonny River Terminal (BRT) in Rivers State. Historically, LPG from BRT was exclusively exported. This inaugural domestic loading involved 12,600 metric tonnes, marking a strategic pivot towards reinforcing local energy accessibility.This milestone comes against the backdrop of Seplat’s broader infrastructure investments aimed at reducing Nigeria’s reliance on imported cooking gas. Speaking on behalf of the company, CEO Roger Brown said, “Usage of gas and LPG is on the rise in Nigeria, and reliable supply is critical in ensuring energy security in-country...

Shell Nigeria Exploration and Production Company Ltd (SNEPCo) on August 5 hosted young professionals from Nigeria and other African countries at its offices in Lagos, as it continues to support the growth of future leaders in the energy industry on the continent. The 25 engineers and geologists from Nigeria, Cameroun, Chad, Ghana, Tanzania, Kenya, Angola and Uganda, were part of the Africa Young Professionals programme attending the Nigeria annual international conference and exhibition (NAICE) of the Society of Petroleum Engineers (SPE) in Lagos last week. They visited SNEPCo to learn more about the operations of a company which launched Nigeria into the league of deep-water producers in 2005, when it began production at Bonga, the country’s first oil and gas project in water depths...