The Nigeria Sovereign Investment Authority, Nigeria’s sovereign wealth fund, and Vitol have completed a joint venture (“JV”) agreement to invest in a range of carbon avoidance and removals projects and are in the process of reaching a final investment decision on the first projects. An initial US$50 million has been committed, with a view in […]

In a bid to boost confidence in the transparency and continuity of the Nigeria 2022/2023 Deep Offshore Oil block Mini-bid Round process, President Muhammadu Buhari has approved the amendment of the bid round calendar to accommodate the concerns expressed by both local and international investors over the closeness of the schedule to the terminal date […]

San Leon has announced a further update in relation to the proposed transactions with Midwestern Oil & Gas Company Limited and the Company’s further conditional investments in ELI (together the Proposed Transactions),  its current refinancing discussions; and an Energy Link Infrastructure (Malta) Limited (ELI) operational update. Details of the Proposed Transactions were announced by the […]

The quest by the present Nigerian government administration leads by President Muhammadu Buhari to see that crude oil exploration in the Northern region of the country comes to fruition has recently taken positive direction. The recent virtual inauguration of the President for the first oil drilling of the Ebenyi-A Exploration Well located in the Middle Benue […]

San Leon, the independent oil and gas production, development and exploration company focused on Nigeria, announces a further update in relation to: i) its current refinancing discussions and ii) the proposed transactions with Midwestern Oil & Gas Company Limited (“Midwestern”) and the Company’s further conditional investments in ELI (together the “Proposed Transactions”).  Details of the […]

NDEP, Nigeria’s first integrated indigenous energy company has provided this information in recent press release of its unaudited update on trading of the Company for the year ended 31 December 2022.  According to the company’s update, in March 2022, the company has commissioned front-end studies towards the further development of the Ogbele Field. This culminated […]

Dolphin Drilling said it has resumed a one year drilling campaign with one of its semi-submersible rigs to a location in a deepwater Oyo oilfield Nigeria. The resumption of the drilling contract is sequel to the (LoA) for the Blackford Dolphin semi-sub rig from September 2022, the offshore drilling contractor confirmed the formal approximately $96 million with General Hydrocarbons Limited […]

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 […]