Africa Oil has announced that it has received its fourth dividend from Prime Oil and Gas B.V., a company that holds interests in deepwater Nigeria production and development assets. Prime says it has distributed a US$50 million dividend with a net payment to Africa Oil of US$25 million related to its 50% interest. The Company has […]

The Nigerian National Petroleum Corporation (NNPC)  has said that the era of Liquefied Petroleum Gas (LPG) importation into the country will soon be a thing of the past when the 100 million standard cubic feet of gas capacity facility at Oredo flow station in Benin City, Edo State, is commissioned. The Oredo Integrated Gas Handling […]

The front-end engineering design phase for a proposed greenfield liquefied natural gas (LNG) import terminal at the Port of Matola, in the Mozambican capital of Maputo, is underway and the developers of the project are now intensifying discussions with potential energy and industrial off-takers in both Mozambique and South Africa. The project is being developed […]

Conoil Producing, the Nigerian indigenous E&P independent is the winner of the bid for the 40% equity held by Chevron Corp. in Oil Mining Leases (OMLs) 86 and 88. Conoil Producing a junior oil and gas Nigerian E & P company is currently in discussion with the multnational major over this imminent acquisition. Although it’s […]

The U.S. Trade and Development Agency has awarded a grant to Abuja-based Konexa for a feasibility study that will evaluate Nigeria’s access to reliable, privately generated renewable electricity. The study will help Konexa enhance electricity distribution for residential, commercial and industrial customers in Kaduna state using U.S. technological solutions. “This project will support the development […]

President Muhammadu Buhari has recently commissioned the new headquarters building of the Nigerian Content Development and Monitoring Board (NCDMB) in Yenagoa, Bayelsa State, with a pledge to spend more on infrastructure across the country and focus on finishing projects delivered by local contractors and technology that create jobs for thousands of Nigerians. The President commissioned […]

The Federal Government has commenced feasibility study for the construction of a shipyard in Brass Island, Bayelsa State, which would cater for the maintenance and repair services of cargo vessels, oil tankers, and LNG carriers. The Minister of State for Petroleum Resources, Chief Timipre chaired the project’s kick-off meeting on Thursday and stated that it […]

The Nigerian National Petroleum Corporation (NNPC) has restated its commitment to working with relevant partners and stakeholders in the Oil and Gas Sector to boost delivery of gas to the domestic market.  The Group Managing Director of NNPC, Mallam Mele Kyari, made the commitment recently at the launch of the Nigerian Gas Transportation Network Code […]

Nigerian National Petroleum Company NNPC in its recent post, has thrown open bid for interested investors to overhaul the nation’s long overdue pipelines and depots serving three oil refineries. The three refineries situated in the nation major cities- Port Harcourt, Warri and Kaduna were built decades ago and are linked to these pipeline network for […]

Somalia expects to announce the winners of its first oil and gas licensing round early next year, as the country seeks petro dollars to help rebuild its struggling economy, a senior government oil official said via Reuters. Battered by violence and an Islamist insurgency since clan warlords overthrew a dictator in 1991, Somalia is offering […]