As Africa’s largest oil producer and a long-standing U.S. strategic partner, Nigeria is undergoing a major push to revamp its energy sector – and American companies are playing a leading role. With over 36 billion barrels of proven oil and 200 trillion cubic feet of natural gas, the country presents one of the continent’s most dynamic and commercially attractive energy markets. ExxonMobil is investing $10 billion in Nigeria’s offshore oil operations, with a focus on developing the deepwater Owo project while boosting production from existing assets. Chevron has renewed three deepwater leases for 20 years, is expanding operations at the Agbami field – one of Nigeria’s largest deepwater discoveries – made a major oil find in the shallow offshore Western Niger Delta in October, and plans to bring the Owowo field online by 2029.

At the same time, U.S. interest in Nigeria’s gas infrastructure is expanding, with growing momentum behind the Nigeria-Morocco Gas Pipeline – a $25 billion, 5,600-km regional project that will deliver Nigerian gas to North Africa and Europe. The U.S. is reportedly interested in investing in this strategic venture, which aligns with both Nigeria’s Decade of Gas agenda and global efforts to diversify energy supply chains. The Nigeria LNG Train 7 project – supported by U.S. engineering firms and suppliers – is increasing the country’s liquefaction capacity by 35%. The project is expected to unlock new export potential while catalyzing midstream infrastructure, including gas processing plants, pipelines and power generation facilities.

At USAEF, Nigeria’s delegation will present a compelling case to American investors, showcasing upstream and gas opportunities opened by the Petroleum Industry Act and recent licensing rounds. These reforms have strengthened regulatory certainty, streamlined approvals and created clearer frameworks for joint ventures and production-sharing contracts – all designed to boost investor confidence.

The downstream sector is also undergoing transformation. With the Dangote Refinery now operational – the world’s largest single-train refinery – Nigeria is positioning itself as a regional refining hub, reducing its dependence on imports and creating new value chains in petrochemicals and logistics. U.S. firms have opportunities to participate in refinery upgrades, modular systems and technical services.

While security and governance challenges remain, Nigeria has made meaningful strides in improving the ease of doing business, cutting red tape and fast-tracking legacy projects. The government is actively prioritizing production from undeveloped discoveries, unlocking billions of dollars’ worth of stranded reserves and signaling a pragmatic approach to resource development.

As the U.S. expands its engagement with Africa’s energy markets, Nigeria offers a strategic entry point – backed by an extensive resource base, improving fiscal terms and a wave of American-led projects already underway. From upstream oil and deepwater plays to gas pipelines, LNG and refining, Nigeria presents one of the continent’s most compelling growth stories for U.S. investors.

For tickets, sponsorship opportunities and more information, please contact sales@energycapitalpower.com. Join us in Houston this August to connect with the leaders shaping Africa’s energy landscape and experience the momentum that drives ECP’s events worldwide.