The Nigeria National Petroleum Company, NNPC, spent 4.39 trillion naira ($9.7 billion) on petrol subsidy last year, latest data from the state-owned firm, as quoted by Reuters. The government has blamed this for dwindling public finances. NNPC did not remit funds to federal accounts last year, its data showed, leaving a hole in public finances at a […]

San Leon, the independent oil and gas production, development and exploration company focused on Nigeria, through a press release confirmed the announcement made on 19 January 2023 by Decklar Resources Inc. (Decklar) in Canada.  San Leon has a 11% shareholding in Decklar Petroleum Limited (DPL), the local subsidiary of Decklar operating in Nigeria, and has also […]

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced the commencement of the 2022 Mini Bid Round. The Mini Bid Round is seen as a great opportunity to spur new exploration and drilling activities in the prospective deep waters offshore Nigeria. The Mini Bid Round is aimed at further development of the deep offshore acreages […]

Dolphin Drilling has disclosed that it has entered into a new Letter of Award (LOA) with General Hydrocarbon Limited GHL for the Blackford Dolphin Semisubmersible rig in Nigeria as stated in an update on the rig status. Blackford Dolphin signed a Letter of Award is for additional work in Nigeria in direct continuation with the […]

San Leon, the independent oil and gas production, development and exploration company focused on Nigeria, announces a further update in relation to the Proposed MLPL Reorganisation, details of which were set out in the Company’s AIM Admission Document published on 8 July 2022. Further to the announcement made on 1 December 2022, the MLPL Reorganisation Agreement’s deadline for the satisfaction […]

The Nigeria Upstream Regulatory Commission ( NUPRC)  has unveiled new regulatory policy to all Licence and Lease holders on the requirement for submission of beneficial ownership of all oil and gas well in Nigeria. The recent notification was by the commission boss Engineer Gbenga Komolafe, FNSE via signed directive issued on 26th day of December […]

San Leon, the independent oil and gas production, development and exploration Company focused on Nigeria, has on behalf of Decklar Resources Inc in Canada disclosed an operation update on Oza field.  As announced by San Leon on 20 December 2022, the company is currently in advanced negotiations in respect of the proposed sale of San Leon’s non-core investments in DPL. Part of the text of […]

Century FPSO Front Puffin which is currently undergoing upgrade and refurbishment in SHI-MCI yard in Lagos Nigeria has being slated to mobilize to Kalaekule field. The FPSO Front Puffin which was previously positioned at the operating production asset in OML113 has been sold by Panoro Energy to PetroNor. According to PetroNor, there are two production […]

Shelf Drilling has announced that it has secured a one-year contract for the Trident VIII jack-up rig for operations offshore Nigeria. The rig will complete a short out-of-service project prior to expected contract commencement in Q2 2023 Trident VIII rig is currently located off the coast of Ghana which is believed that the rig have […]

The Nigerian Content Development and Monitoring Board (NCDMB) has charged media stakeholders specially those in energy media to deploy their expertise and tools to boost the nation’s drive towards a gas economy. This clarion call is in reiteration of the Board’s commitment to broader domestic gas utilisation and in deepening of Nigerian content implementation in […]