info@oilfieldafricareview.com    +2347067282358

Nigeria

More revelations trail Nigeria shady deals on crude Oil Trading, exposed

When Anthony Stimler left Glencore Plc   in August 2019, he had two big secrets: For a dozen years, he’d paid millions in bribes to African officials and intermediaries. And he was now helping a U.S. Justice Department investigation into the company and numerous former colleagues. According to recent report by Bloomberg, Corruption isn’t exactly unheard of […]

Read More...

NNPC, Shell supremacy tussle over ownership of OML 11, (Ogoni) Nigeria

The Nigeria National Petroleum Corporation (NNPC) is now set to take full control of a prolific oil well OML 11 after a long legal battle with her partner Royal Dutch Shell company. The recent Appeal Court judgment affirming NNPC the legal owner of the Oil Mining License 11 (OML 11) has been described by corporation […]

Read More...

Decklar Progresses in Oza Field enters completion stage, Nigeria

Decklar Petroleum and San Leon in an option agreement have announced an update to operations at the Oza-1 well re-entry at the Oza Oil Field in Nigeria, being performed by the Company’s wholly owned Nigeria-based subsidiary, Decklar Petroleum Limited. Progress at Oza-1 in Final Preparation for Well Testing Operations Re-entry operations at the Oza-1 well […]

Read More...

Nigeria, IOC’s in a fresh OML 130 $760m revenue gas deal

Nigeria and International Oil Companies in the Oil Mining Lease (OML 130) Production Sharing Agreements (PSA) are are eyeing over $760m from fresh Gas Supply Purchase Agreements (GSPAs) and Gas Entitlement Agreement (GEA) executed at the NNPC Towers. The agreements, which are part of the Corporation’s gas commercialization programme involve Total Exploration and Production Nigeria […]

Read More...

Africa Oil Announces Egina Operational Update, the Receipt of Prime Dividend

Africa Oil Corp. has announced that it has received its seventh dividend from Prime Oil and Gas Cooperatief UA. The Company is also pleased to update the markets on a significant increase in the Egina oil field production.  Prime has distributed a $75.0 million dividend with a net payment to Africa Oil of $37.5 million related to its 50% […]

Read More...

Midwestern Oil reverse-takeover offer to San Leon Energy on course

Midwestern Oil & Gas Limited has recently revealed that the reverse take-over (RTO) offer to San Leon Energy Plc, an energy company listed in the Alternative Investment Market (AIM) of the London Stock Exchange (LSE). Midwestern currently holds more than 10% of San Leon’s shares and would end up holding a majority of the shares […]

Read More...

San Leon Announces 2020 Financial and Operational Updated

San Leon, the independent oil and gas production, development and exploration company focused on Nigeria, has announced its audited final results for the year ended 31 December 2020.  Corporate ·Completed the return of approximately US$33.8 million to shareholders during the first half of 2020 delivering on the Company’s commitment to shareholder returns. ·The Company entered into […]

Read More...

San Leon acquires further interest and option in New Oil Export System in OML 18 Offshore Nigeria

San Leon, the independent oil and gas production, development and exploration company focused on Nigeria, announces a conditional investment of US$2 million as well as an option to conditionally invest a further US$6.5 million in the equity of Energy Link Infrastructure (Malta) Limited (“ELI”), the company which owns the Alternative Crude Oil Evacuation System (“ACOES”) project. The […]

Read More...

Huawei unveils intelligent oil, gas solutions in Nigeria

A top global ICT infrastructure provider, Huawei, has introduced new ICT solutions for higher safety and efficiency in the oil and gas industry in Nigeria. While participating at the Nigeria International Petroleum Summit 2021, Huawei hosted a forum to discuss how to drive data to barrel and set up an exhibition booth to showcase its […]

Read More...

Nigerian oil production growth declines owing to Persistent operational issues

The West African country’s crude production has been languishing at only two-thirds of its full capacity this year due to these factors along with its obligations under the OPEC+ production cuts. And, with further fiscal and security uncertainties ahead, the outlook for the country’s oil sector is likely to come under pressure despite the implementation […]

Read More...
Get free monthly subscription news in oil and gas industry
*Please enter a valid email address Subscribe Me

Please wait....

Thank you for subscribing...