Nigerian President Bola Ahmed Tinubu has stood on his maiden address to world leaders at the 78th United Nations General Assembly held in New York highlighted the essence on which the body was established and benefits and expectations of its establishment. Speaking at this year event with the theme: “Rebuilding Trust and Reigniting Global Solidarity: […]

Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has commended the Nigerian Content Development and Monitoring Board (NCDMB) for its ] intervention in the construction of the proposed Centre for Skills Development and T raining (CSDT) at Omagwa, Ikwerre Local Government Area of Rivers State. The project, initiated by the Petroleum Technology Development […]

The Nigerian crude oil production in the month of August seems t  o generating discordant tunes. This based on the conflicting figures coming from Organization of the Petroleum Exporting Countries (OPEC) and one recently released from the Nigerian National Petroleum Limited NNPCL. OPEC has disclosed on its monthly oil market portal an uptick in the […]

Sequel to Nigerian Agip Oil Company Limited NAOC onshore and power assets acquisition deal recently signed between Eni and Oando, the Nigerian National Petroleum Corporation Limited NNPCL has in its response placed a caveat to the milestone deal claiming that NAOC did not obtain its consent prior to announcing a deal to sell its onshore […]

Nigeria LNG Ltd, which operates the Bonny Natural Gas Liquefaction Plant in the Eastern Niger Delta has sold 830 Billion Cubic Feet of Liquefied Natural Gas as at the end of 2022; the lastest Eni report stated. The Six-Train plant which has a production capacity of 22 million tonnes of LNG per year, associated with approximately […]

Eni  has signed an agreement with Oando PLC – Nigeria’s leading indigenous energy solutions provider listed on both the Nigerian and Johannesburg Stock Exchange – for the sale of Nigerian Agip Oil Company Ltd (NAOC Ltd), the wholly Eni-owned subsidiary focusing on onshore oil & gas exploration and production in Nigeria, as well as power […]

Nigeria crude oil production seemed to be stabled at 1.67 million barrels per day as shown by reliable data source and revealed by the Group Executive Officer of the Nigerian National Petroleum Corporation Limited NNPCL Mallam Mele Kyari. Mallam Kyari made this revelation during a special Finance Ministry briefing led by the Honourable Minister of […]

San Leon, the independent oil and gas production, development and exploration company focused on Nigeria, notes the announcement made on 25 August 2023 by Decklar Resources Inc. in Canada, regarding crude oil delivery operations at the Oza Oil Field in Nigeria.  San Leon has a 11% shareholding in Decklar Petroleum Limited (DPL), the local subsidiary of […]

Angola, Namibia to replicate funding model The Nigerian Content Development and Monitoring Board (NCDMB) and the Bank of Industry (BoI) have signed an amendment to the  Memorandum of Understanding (MoU) on the $50million NOGaPS Manufacturing Fund. The Fund was created by the NCDMB and domiciled with BoI to attract oil and gas equipment manufacturers to […]

Nigeria, traditionally Africa’s largest oil producer, has seen its oil and gas (O&G) production struggle to maintain its potential output for much of the last decade. For a country that boasts abundant O&G reserves of 37,100 mmbbls and 206 tcf, production remains well below the average of 3 mmboepd seen from 2010-2015. This is partly […]