Tag: oil and gas
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Moneda Intelligence August News Wrap Up
August 2026 Energy Niger Niger has signed a $1.9 billion deal with Canadian group, Zimar, for the construction and operation of a 100,000 barrels per day (bpd) refinery and petrochemical complex in Dosso. What this means… In line with its plans to expand domestic petroleum refining, the government of Niger has signed a $1.9 billion…
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Moneda Intelligence July News Wrap Up
July 2026 Energy Libya Libya’s Essar discovery is commercially viable. So is Libya’s instability. What this means… Within about two weeks of each other, two headlines came out of Libya, one read as a comeback story, the other as a crisis story. The first: a new oil discovery, the Essar field, has been confirmed commercially…
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Moneda Intelligence Monthly News Wrap Up
May 2026 Energy Egypt Agiba discovery strengthens Egypt’s path back to energy self-sufficiency. What this means for Egypt Agiba Petroleum, a joint venture between the Egyptian General Petroleum Corporation (EGPC) and Eni, has announced its largest discovery in 15 years through the Bustan South-1X exploratory well in Egypt’s Western Desert. Estimated at nearly 70 million…
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Moneda Intelligence Monthly News Wrap Up
April 2026 Energy Nigeria 68 years after the commercial production of crude oil started, Nigeria has finally become a net exporter of petrol. What changed, when, and at what scale? March 2026 marked a historic turning point in Nigeria’s petroleum sector, as the country became a net exporter of petrol for the first time since…
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Policy Review:
Nigeria’s President signed three executive orders to stimulate the oil and gas industry. March 2024 The executive orders signed by President Tinubu to effect change in the oil and gas industry were drafted through close collaboration with stakeholders in the industry. Through this collaboration, the painpoints of these stakeholders were taken into consideration in the…
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Production Losses in Nigeria
April, 2022 Nigeria’s oil sector, one of the most critical pillars of its economy, continues to struggle with significant production losses. As Africa’s largest oil producer, Nigeria’s economy is heavily reliant on its hydrocarbons industry, with oil and gas accounting for 65% of government revenue and 88% of foreign exchange earnings. However, production losses continue…
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What’s Next for Africa?
October, 2021 Africa’s oil and gas industry is on the brink of transformative growth, with an estimated $213 billion investment in 40 projects over the next five years. This investment will be funneled towards infrastructure development, increase in production capacity, and improved energy access across the continent. Countries like Nigeria, Angola, Algeria, and Mozambique are…
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Petroleum Industry Bill
July, 2021 The oil and gas industry is the backbone of revenue for Nigeria’seconomy, yet, the oil and gas reserves in Nigeria have remainedstagnant for decades, and this stagnancy has cast a dark shadow on theentire industry. Even in stagnancy, the current level of activities beingcarried out in the industry has grossly failed in retaining…
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Industry Review: Impact of Covid-19 on Oil and Gas Players
December, 2020 It is said every scar tells a tale. The novel coronavirus pandemic will undoubtedly leave lasting scars on the Nigerian oil and gas industry. Scars that will tell tales of struggle and survival, scars that will tell tales of transformation and adaptability and most importantly, scars that will tell tales of opportunities, both…
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Big Oil, Big Problems?
December, 2021 The performance and strategic directions of major international oil companies (IOCs) in Nigeria reveal a mixture of exit strategies, long-term investment plans, and asset divestments. The analysis provides insights into Chevron, ExxonMobil, Shell, TotalEnergies, and Eni’s distinct approaches within Nigeria’s oil and gas industry. Chevron has signaled a gradual exit strategy marked by…