The Managing Director and Chief Executive Officer of Nigeria Liquefied Natural Gas Dr. Philip Mshelbila has called for stability in the financial fiscal policies of the Nigerian Government as regards to multiple taxations from its revenue agencies. The NLNG boss stated this when the Board of Directors and Management of Nigeria LNG Limited paid a […]

Maurel & Prom (M&P) said that, following a bid process, its Board of Directors approved the signature of, and M&P has signed, a Share Purchase Agreement (SPA) with Carlyle International Energy Partners for the acquisition of 100% of the shares in Assala Energy Holdings Ltd. and all of its subsidiary entities holding the Assala group’s […]

Neptune Energy  has kicked off drilling operations at its operated Yakoot exploration well, located in the North West El Amal Concession in the southern Gulf of Suez, Egypt. It is the first operated well to be drilled by Neptune in Egypt. The operation is being carried out with the ADM-8 rig, operated by ADES, and […]

In a deliberate effort to deepen Internet penetration and digital education in the country, the Nigerian Content Development and Monitoring Board (NCDMB) on Tuesday commissioned three state-of-the-art Information and Communication Technology (ICT) Centres, with dedicated broadband Internet, in three rural secondary schools in Akwa Ibom State.The benefiting institutions are Girls High School, Ikot Ibiok, Northern […]

The NNPC Ltd. And Afrexim Bank have recently signed a commitment letter and Termsheet for an emergency $3billion crude oil repayment loan. The signing, which took place at the bank’s headquarters in Cairo, Egypt has generated major media divergent views as regards to the purpose and motive behind securing such huge load amid prevalent economic […]

Cheiron  said that it has made a new oil discovery in the Geisum and Tawila West in the Gulf of Suez. Cheiron (through its PICO GOS affiliate) holds a 60% working interest and operatorship in the Concession, with Kufpec holding the remaining 40% interest. The field operations are managed by the PetroGulf Misr Joint Operating […]

According to 21 years of NEITI 2021 Audit Reports for the oil, gas and solid minerals sectors which was a subject to review and approval, Nigeria has earned $741.5bn and N635.3bn from the oil/gas and solid minerals sectors respectively, between 1999 and 2020. This sterling information was revealed on Wednesday October 16, 2023 by the […]

The Nigerian National Petroleum Company Limited, NNPCL, is among firms the government may sell a stake in, according to the chief executive officer at the Ministry of Finance Incorporated, MOFI, Armstrong Takang Bloomberg reported. MOFI is a state-owned asset management company. The agency is considering options including strategic sales and initial public offerings and aims […]

Exports of Nigeria’s Forcados grade of crude oil resumed on Sunday, a Shell  spokesperson said on Monday, roughly a month after loadings of the medium sweet grade were suspended because of a potential leak at the export terminal as reported by Reuters. Sources had told Reuters that exports of the grade, which was scheduled to ship […]

Tullow has received the approval of Gabon government licence extensions increase in the value of resource base through the addition of c.5mmbbls net 2P reserves that will deliver c.100% 2P reserves replacement in Gabon this year. This activity is in line with the Group’s strategy to focus on its high return production assets in Africa […]