The much delayed handing over of ExxonMobil’s offshore shallow water business to Seplat owing to Nigerian Upstream Petroleum Regulatory Commission (NUPRC) right of first refusal objection has finally come to an end. This was doused by the recent action taken by the Nigerian President Muhammadu Buhari for granting his consent to the acquisition and divestment […]

Nigerian National Petroleum Corporation NNPC has won a court decision temporarily blocking Exxon Mobil Corp. from selling assets in the country to Seplat Energy Plc. The recent judgment was upheld by the presiding judge in the capital, Abuja, granting  the Nigerian National Petroleum Co. an “order of interim injunction” on July 6 barring Exxon “from completing any divestment” in a […]

Sirius, an African focused oil & gas production and development company,  said that its JV partner, COPDC, has received the requisite approvals from the Nigerian National Petroleum Corporation (NNPC) that enables the company to proceed with the drawdown of financing in order to commence Phase 1 of the Approved Work Programme (AWP) in respect of […]

Seplat Energy Plc, a leading Nigerian energy company listed on the Nigerian Exchange and the London Stock Exchange, is pleased to announce that it has begun commercial injection of crude oil through the new Amukpe-Escravos Pipeline.     The 67km mostly underground pipeline is expected to provide a more reliable and secure export route for liquids […]

independent oil and gas production, development and exploration company focused on Nigeria, notes the announcement made by Decklar Resources Inc. (“Decklar”) in Canada.  San Leon 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 […]

From all indication, Mallam Mele Kolo Kyari, the Group Managing Director of the then Nigerian National Petroleum Corporation and now the Group Chief Executive Officer of The Nigerian National Petroleum Company Limited (NNPC Ltd) is undeniably a game changer. He is a hard working gentle man with a perfect magical touch, full of versatile knowledge, […]

Decklar and its co-venturer have received the permits required to resume production from the Oza-1 well at the Oza Oil Field. Production from the well has begun at low volumes initially to reestablish oil flow, with volumes to be increased steadily in order to establish a long-term sustainable rate. Production of crude oil from the […]

Nigeria hope of increasing its crude oil production has be rekindled following recent announcement from TotalEnergies of resumption of first crude oil production from Ikike field. TotalEnergies, OML99 operator (40%) in partnership with the Nigerian National Petroleum Corporation (NNPC, 60%), has announced the start of production from the Ikike field, in Nigeria via its press […]

Sequeal to the recent repositioning and unveiling of Nigerian state owned oil company to profit oriented company by the country President Mohammadu Buhari, The Nigerian National Petroleum Corporation has through the Group Managing Director Mele  Kyari proclaimed the company moving forward plan to announce the imminent launching of the NNPC Ltd initial public offering (IPO) […]

Eni is pleased to learn the Prosecutor-General’s Office dropped its appeal before the Second Section of the Court of Appeal of Milan on the OPL 245 matter, waiving the case. The Court acknowledged the waiver that ends the unmotivated and disconcerting criminal court case related to the OPL 245 concession in Nigeria. The waiver means […]