Local firms spearhead next growth phase in Nigeria’s oil sector

Indigenous operators are expanding their footprint by acquiring onshore and shallow‑water assets divested by international majors. Green Energy launched a locally built onshore terminal at Otakikpo; Conoil shipped its first Obodo crude; and Renaissance outlined multi‑year investment plans. Security costs and aging infrastructure remain headwinds, but policymakers see scope to lift national output significantly.

Source: https://www.reuters.com/business/energy/local-firms-drive-new-growth-phase-nigerias-oil-sector-2025-06-03/