The Nigerian National Petroleum Company Limited, NNPCL, has given kudos to the passage of Petroleum Industrial Act as an enabler that facilitated the  ability of the corporation in clearing the outstanding $3.8 billion joint venture cash-call debts owed to international oil companies, IOCs, operating in the country. Representing the NNPCL’s Executive Vice President, Upstream, Adokiye Tombomieye […]

The global expert in onshore seismic acquisition technology and solutions, STRYDE, has been awarded a contract worth over $1 million for the supply of 10,000 seismic receiver nodes and its “Nimble” node receiver system in Nigeria. STRYDE’s seismic sensor technology will be utilised on an upcoming 3D seismic survey conducted by Nigerian geoscience solutions provider, […]

Shelf Drilling has four jack-up rigs currently engaged in Nigerian offshore operations, and about three in the African region. Trident VIII secured a one-year contract with an undisclosed operator in Nigeria, expected to commence May 2023 upon completion of its current contract and a contract preparation project.  Shelf Drilling Scepter secured a two-year contract plus […]

With a recognized net income amounting to $21.9 million In Q1 2023, the Company is no doubt making tremendous progress in its Africa oilfields investment campaign. Africa Oil Corp. operations in Nigeria are ceaseless with its latest OML 130 drilling campaign which commenced on February 22, 2023, with the spud of the first infill well on the […]

The Federal High Court sitting in Yenagoa, Bayelsa State on Tuesday delivered a landmark judgment confirming the authority of the Nigerian Content Development and Monitoring Board (NCDMB) to collect the one percent Nigerian Content Development Fund (NCDF) levy from every contract awarded in the Nigerian oil and gas upstream transaction as mandated under section 104 […]

The utmost desire of Nigeria present administration is successful completion and subsequent commissioning of its numerous laudable projects across the country before the expiration of its tenure is seems to be falling in line as planned.  The recent commissioned Lekki Deep Sea Port in Lagos, The soon to be commissioned 650,000 barrels Dangote Refinery, The […]

Nigeria has moved one step further in the bid to actualize the country Decade Of Gas Plan Agenda. The positive step this time around is coming from a global renowned LNG investment conglomerate company from Norway- Golar LNG.  This investment gesture is in furtherance of Nigeria efforts to deepen its domestic gas utilization and enhance […]

The enthronement of transparency, prudent management of financial resources, and deployment of a new master plan are some of the strategies that would attract the private sector to support the Niger Delta Development Commission (NDDC) and return the agency to the path of sustainable development of the Niger Delta region, the Executive Secretary of the […]

Sequel to an age long acquisition dispute on prolific oilfield OPL 245, a senior Nigerian minister urged the country’s president to end a long-running dispute with Eni SpA and Shell Plc to allow the companies to finally develop a prized deepwater oil license. Reported by Bloomberg. Investigations and lawsuits relating to the energy giants’ acquisition […]

As Nigeria navigates the 3rd year of implementing the Decade of Gas Programme of the Federal Government, the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote has advocated for action parties to provide annual status reports of the successes, issues, support required, and target completion dates. He made […]