"This wave of local participation is not only helping us grow production, but it is also driving job creation, boosting local content, increasing in-country value retention, and strengthening Nigeria’s energy security."
"The combination of increased refining capacity and a more open, liberalized market would create a significantly more favourable environment for growth and investment in the downstream sector."
"Growth through acquisition remains our primary strategy, and we are strengthening our internal capabilities to ensure we compete effectively in upcoming transactions."
"Investments in gas pipelines, LNG facilities, and distribution infrastructure can unlock domestic markets and stimulate regional trade in energy services."
"2024 was a busy year, ending with four parallel operations for the first time, and over 120 diving personnel working offshore in the last quarter, all while maintaining a flawless safety record."
"One of the key challenges ahead is ensuring local stock availability to meet the accelerating demand. Currently, about 70% of oilfield chemicals used in Nigeria are still imported."
Ontario Mining and Toronto’s Finance Hub 2026 - Pre-Release
2025 was a year of change for Ontario’s mining industry. Canada’s evolving international relationships heightened the focus on economic sovereignty, while federal and provincial elections brought critical minerals to the forefront of policy discussions. The provincial government’s ‘One Project, One Process’ framework aims to reduce permitting delays, as critical mineral prices show early signs of recovery from a prolonged weak cycle.