There were indications on Thursday, that the total oil output by the Organisation of Petroleum Exporting Countries (OPEC) rose in August, as Nigeria boosted its total production on the back of the return of Forcados, while Iranian supply rose to its highest since 2018.

A survey found that despite ongoing cuts by Saudi Arabia and other members of the wider OPEC+ alliance to support the market, Nigeria emerged second in the list of countries that increased output.… Read the rest

Nigeria and other African countries are projected for a boom in floating liquified natural gas (FLNG) as the market is set for new capacity.

The development, according to a new report by Wood Mackenzie would specifically enable Nigeria to monetize its stranded offshore gas resources.

Nigeria has about 209 trillion standard cubic feet of associated gas that has not been harnessed due to infrastructure challenges and operating environment.… Read the rest