Latest news with #NigerianNationalPetroleumCorporation
Russia Today
16-07-2025
- Business
- Russia Today
Russia-Nigeria cooperation key to oil market stability
The partnership of Russia and Nigeria under the OPEC+ framework plays a decisive role in maintaining global oil market stability, Russian Deputy Prime Minister Alexander Novak has said. His remarks came after a meeting with Nigeria's minister of finance and coordinating minister for the economy, Wale Edun. 'Our joint work within OPEC+ makes a decisive contribution to ensuring the stability and predictability of the global oil market,' Novak stated, as quoted by the press service of the Russian government on Tuesday. 'The decisions taken are based on real market indicators and trends and are aimed at balancing the market in the face of economic challenges.' Novak emphasized that collective action within OPEC and OPEC+ aligns with the long-term national interests of member countries and helps strengthen their economies. During the meeting, the two sides also discussed opportunities for full-cycle cooperation in the oil and gas industry, from geological exploration to field development. Russia is one of the largest participants in OPEC+ and the second largest oil exporter after Saudi Arabia. Nigeria is one of the largest exporters and producers of oil, a member of OPEC and OPEC+. Last month, Russian Deputy Energy Minister Roman Marshavin met with Nigeria's chargé d'affaires Garba Satomi Grema to discuss cooperation in geological exploration, petroleum product supply and hydropower engineering, as well as launching a dialogue between the Nigerian National Petroleum Corporation and Russia's Institute of Oil and Gas Technological Initiatives (IOGTI). Russia's energy ties with Africa have been expanding steadily. In March, Dmitry Poduyev, Deputy Director of the Department of International Cooperation at the Russian Ministry of Energy, said that Russia was ready to support African nations by transferring technology, enhancing human capital, and ensuring stable energy supplies. Russian Foreign Minister Sergey Lavrov noted last March that Moscow had doubled its exports of oil products to African countries in 2023–2024.
Zawya
25-04-2025
- Business
- Zawya
Golar Liquefied Natural Gas (LNG),Chief Commercial Officer (CCO) Joins Invest in African Energy (IAE) 2025 Speaker Lineup
Federico Petersen, Chief Commercial Officer (CCO) of Golar LNG, will join the upcoming Invest in African Energy (IAE) 2025 Forum in Paris to discuss scaling LNG in Africa, overcoming infrastructure challenges and attracting investment. With Africa rapidly expanding its gas infrastructure, Petersen's insights are expected to showcase how innovative LNG solutions can support sustainable energy growth across the continent. As a global leader in floating LNG (FLNG) solutions, Golar LNG is advancing gas monetization across Africa. The company is actively involved in several key projects, including the Hilli Episeyo FLNG facility off the coast of Cameroon, operational since 2018, which plays a crucial role in unlocking regional gas resources with cost-effective, scalable LNG production. Golar LNG is also a key player in the Greater Tortue Ahmeyim project offshore Senegal and Mauritania, where it owns and operates the Gimi FLNG, which received its first feed gas in January 2025, marking a major milestone in LNG export operations. IAE 2025 ( is an exclusive forum designed to facilitate investment between African energy markets and global investors. Taking place May 13-14, 2025 in Paris, the event offers delegates two days of intensive engagement with industry experts, project developers, investors and policymakers. For more information, please visit To sponsor or participate as a delegate, please contact sales@ Additionally, Golar LNG is exploring further opportunities across the continent, including ventures in the Republic of Congo and Nigeria. In June 2024, the company signed an agreement with the Nigerian National Petroleum Corporation to deploy an FLNG vessel in the Niger Delta, utilizing 500 million cubic feet of gas per day to generate LNG, propane and condensate, with a final investment decision expected later this year. The growth of LNG in Africa is set to accelerate in the coming years as key markets seek to tap into their vast natural gas reserves. As such, Petersen's participation at IAE 2025 is poised to showcase the pivotal role of FLNG in enhancing energy security, driving economic growth and fostering regional cooperation. As the global energy landscape shifts toward cleaner, more sustainable sources, LNG will remain crucial in powering Africa's future, offering a reliable transition fuel to support the continent's ambitious energy goals. With IAE 2025 as a platform for high-level dialogue and partnerships, the forum will provide an invaluable opportunity for stakeholders to explore the latest LNG developments, deepen collaboration and drive investments that will shape the future of African energy. Distributed by APO Group on behalf of Energy Capital&Power.
