The American global energy giant SLB formerly known as Schlumberger has recently reiterated investment commitment in Africa oil and gas sector. This veritable development is coming after its recent commissioning of regional office in Nigeria and plan expansion of operation in Gabon oil and gas sector. The Global technology company, SLB  said it has officially opened its […]

San Leon , the independent oil and gas production, development and exploration company focused on Nigeria, has a 11% shareholding in Decklar Petroleum Limited (“DPL”), the local subsidiary of Decklar operating in Nigeria, and has also made a US$5.5 million loan to DPL, via 10% per annum unsecured subordinated loan notes. San Leon has noted the […]

The Nigerian Content Development and Monitoring Board (NCDMB) has emerged as top performer in business efficiency and transparency in Federal Government’s ranking of ministries, departments and agencies (MDAs) for the year 2022.   This latest result is reminiscent of the Board’s 81.46 per cent score in Ease of Doing Business, which placed it top of […]

Nigeria through her Minister of Interior has revoked the Work Permit, Visa and Residence Permit of the Chief Executive Officer (CEO) of Seplat ,Energy Plc, Mr. Roger Brown, over allegations of racism, favouring of foreign workers and discrimination against Nigerian employees levelled against him by employees of the company according to the nation’s media THISDAY. […]

Sequel to recent announcement made by Aquadrill on its new drilling campaign in East Africa, Shelf Drilling has also made a disclosure of the company’s award of a two-year contract for the Shelf Drilling Scepter for drilling operations offshore Nigeria. The drilling contract which is valued for the firm period, including mobilization revenue, is approximately […]

The Nigerian Content Development and Monitoring Board (NCDMB) and Bank of Industry have launched a $US50 million dollars fund for Nigerian Oil and Gas Park Scheme (NOGAPS) Manufacturing Product Line. The fund is to incentivize companies that would operate in the Nigerian Oil and Gas Parks and engage in the manufacturing of equipment components used in […]

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 […]