𝐍𝐂𝐃𝐌𝐁 𝐑𝐞𝐜𝐞𝐢𝐯𝐞𝐬 $𝟏𝐦 𝐑𝐞𝐭𝐮𝐫𝐧 𝐨𝐧 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐟𝐫𝐨𝐦 𝐍E𝐃𝐎𝐆𝐀𝐒 𝑻𝒉𝒆 𝑵𝒊𝒈𝒆𝒓𝒊𝒂𝒏 𝑪𝒐𝒏𝒕𝒆𝒏𝒕 𝑫𝒆𝒗𝒆𝒍𝒐𝒑𝒎𝒆𝒏𝒕 𝒂𝒏𝒅 𝑴𝒐𝒏𝒊𝒕𝒐𝒓𝒊𝒏𝒈 𝑩𝒐𝒂𝒓𝒅 (𝑵𝑪𝑫𝑴𝑩) 𝒐𝒏 𝑴𝒐𝒏𝒅𝒂𝒚 𝒓𝒆𝒄𝒆𝒊𝒗𝒆𝒅 𝒂 𝒄𝒉𝒆𝒒𝒖𝒆 𝒐𝒇 $1 𝒎𝒊𝒍𝒍𝒊𝒐𝒏 𝒇𝒓𝒐𝒎 𝑵𝒆𝒅𝒐𝒈𝒂𝒔 𝑫𝒆𝒗𝒆𝒍𝒐𝒑𝒎𝒆𝒏𝒕 𝑪𝒐𝒎𝒑𝒂𝒏𝒚 𝑳𝒊𝒎𝒊𝒕𝒆𝒅 (𝑵𝑫𝑪𝑳), 𝒃𝒆𝒊𝒏𝒈 𝒑𝒂𝒓𝒕 𝒐𝒇 𝒕𝒉𝒆 𝒓𝒆𝒕𝒖𝒓𝒏 𝒐𝒏 𝒊𝒏𝒗𝒆𝒔𝒕𝒎𝒆𝒏𝒕 (𝑹𝑶𝑰) 𝒐𝒏 𝒐𝒏𝒆 𝒐𝒇 𝒕𝒉𝒆 𝑩𝒐𝒂𝒓𝒅’𝒔 𝒔𝒕𝒓𝒂𝒕𝒆𝒈𝒊𝒄 𝒊𝒏𝒗𝒆𝒔𝒕𝒎𝒆𝒏𝒕𝒔. The cheque was presented by the Chairman of the company, […]

Petrofac, a leading provider of services to the global energy industry, has been awarded a Technical Services Contract by Compañía Nacional de Petróleos de Guinea Ecuatorial (GEPetrol), the National Oil Company of Equatorial Guinea, to support the operation of the region’s Block B asset. Under the contract1, valued at around US$350 million over five years, […]

Europa announced a ground-breaking deal in December 2023 with the acquisition of a 42.9% stake in Antler Global Limited (“Antler”), which has an 80% working interest in licence EG-08 offshore Equatorial Guinea. This gives rise to a joint venture arrangement (note 8) Europa agreed a US$3 million cash subscription for new ordinary shares in Antler, […]

The Nigerian business morgue and African richest man Aliko Dangote has reiterated the ability of his refinery to pull down the present high cost of diesel also know as Automotive Gasoline Oil (AGO) in Nigeria which its resultant effect will bring succor to present inflation woes beig experience in the country. The chairman of Dangote […]

The latest figures on Nigeria’s crude Oil and Gas reserves have been released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). The Commission’s Chief Executive, Engr Gbenga Komolafe, gave the breakdown on recently during a press briefing at the Commission’s Headquarters in Abuja, Nigeria Engr Komolafe revealed that as of January 1, 2024, the combined […]

The Shell Petroleum Development Company of Nigeria Ltd (SPDC) has deployed an Uncrewed Surface Vessel (USV) for a pipeline route survey in the Niger Delta. The USV innovation saves time and cost and reduces exposure to personnel and the environment. The remotely operated USV conducted a pipeline route survey at Bonny for a total of […]

United Oil & Gas the oil and gas company with a high impact exploration asset in Jamaica and a development asset in the UK has disclosed an update in relation to Egyptian receivables. United has received a payment from Egyptian General Petroleum Corporation (EGPC) for USD $1 million. These funds will be used to extinguish the debt and leave the Company debt […]

The Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPC Ltd.) Mr. Mele Kyari, has reiterated the crucial role of natural gas in fueling economic growth and industrial development in Nigeria. Kyari, who was speaking at the public presentation of the book “The Rise of Gas: From Gaslink to the Decade […]

Following the Executive Order by President Bola Ahmed Tinubu GCFR, the Honourable Minister of State for Petroleum Resources (Oil) and the Honourable Minister of State for Petroleum Resources (Gas) will be delivering the Ministerial Addresses at the 23rd annual NOG Energy Week 2024 to shed light on the government’s strategies for strengthening Nigeria’s energy sector. […]

As the operator of Ghana’s two main oil fields – Jubilee and TEN Fields with equity interests of 39.0% and to 54.8% respectively – Tullow Oil has onerous responsibility to harness the oil and gas resources available to the country safely and efficiently and maximise the benefits for local people, communities, and all stakeholders. Nearly twenty […]