The Nigeria National Petroleum Corporation Limited has under the umbrella of its non-operating Joint Venture (JV) partners of OML 18 appointed NNPC Eighteen Operating Liimited as operator of OML 18 in replacement of Eroton Exploration and Production Limited (Eroton). This is to curtail further degradation of the asset and revamp production of oil and gas. […]

San Leon, the independent oil and gas production, development and exploration company focused on Nigeria, notes the announcement made on 16 February 2023 by Decklar Resources in Canada. San Leon has a 11% shareholding in Decklar Petroleum (“DPL”), the local subsidiary of Decklar operating in Nigeria, and has also made a US$5.5 million loan to […]

Africa Oil Corp has announced that it has signed two production sharing contracts (PSCs) with the Republic of Equatorial Guinea for offshore Blocks EG-18 and EG-31. These PSCs are subject to ratification by the country’s government. Africa Oil will hold eighty per cent (80%) operated interests in each block with the balance to be held by GEPetrol, […]

Amid global concerns over energy security and a regional resolve on collaboration to deepen local content, the Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote, has proposed strategies that would break down barriers and promote cross-border collaboration amongst governments and businesses. He made the suggestions in a presentation he made […]

The Honourable Minister of State for Petroleum Resources, Chief Timipre Sylva will on Tuesday perform the groundbreaking of the Oloibiri Museum and Research Center (OMRC), in Ogbia Local Government of Bayelsa Stateon behalf of President Muhammadu Buhari, GCFR. The Minister would also perform the ground-breaking of the NCDMB Conference Hotel Project (CHP), a three-star hotel […]

The Nigerian Content Development Monitoring Board (NCDMB) has poured encomium to the current Nigeria leadership   of Mr Mahammadu Buhari for its knack on people oriented projects.  Sixty-six years after the discovery of crude oil in commercial quantities at Oloibiri, Bayelsa State by Shell D’Arcy, the Federal Government through the Federal Executive Council (FEC) on Wednesday […]

The Nigerian National Petroleum Company (NNPC) Limited says it has signed a maintenance services contract with Daewoo Engineering and Construction Nigeria Limited for a “quick-fix repair” of the Kaduna Refining and Petrochemical Company (KRPC) Limited. The Nigeria national oil company through her twitter declared this recently during the signing ceremony on Thursday, 26 January, 2023. […]

The Nigerian National Petroleum Corporation Limited is now in control of Addax Petroleum Production Sharing Contract PSC assets following the signing of closing documents at the NNPC tower recently. Mele Kyari, group chief executive officer (GCEO), NNPC Limited, GCEO; and Yonghong Chen, outgoing managing director (MD), Addax, signed the closing documents on behalf of the two […]

Sirius, an African focused oil & gas production and development company, has shown confident and commitment towards various company’s operations in sub Sahara African region. This was highlighted in its recent  group operational and commercial update. OML65 On 14 December 2022 the Company announced the completion of the OML65 transaction under which the Company fulfilled […]

The Nigeria National Petroleum Company, NNPC, spent 4.39 trillion naira ($9.7 billion) on petrol subsidy last year, latest data from the state-owned firm, as quoted by Reuters. The government has blamed this for dwindling public finances. NNPC did not remit funds to federal accounts last year, its data showed, leaving a hole in public finances at a […]