Nigeria and International Oil Companies in the Oil Mining Lease (OML 130) Production Sharing Agreements (PSA) are are eyeing over $760m from fresh Gas Supply Purchase Agreements (GSPAs) and Gas Entitlement Agreement (GEA) executed at the NNPC Towers. The agreements, which are part of the Corporation’s gas commercialization programme involve Total Exploration and Production Nigeria […]

Africa Oil Corp. has announced that it has received its seventh dividend from Prime Oil and Gas Cooperatief UA. The Company is also pleased to update the markets on a significant increase in the Egina oil field production.  Prime has distributed a $75.0 million dividend with a net payment to Africa Oil of $37.5 million related to its 50% […]

Midwestern Oil & Gas Limited has recently revealed that the reverse take-over (RTO) offer to San Leon Energy Plc, an energy company listed in the Alternative Investment Market (AIM) of the London Stock Exchange (LSE). Midwestern currently holds more than 10% of San Leon’s shares and would end up holding a majority of the shares […]

San Leon, the independent oil and gas production, development and exploration company focused on Nigeria, has announced its audited final results for the year ended 31 December 2020.  Corporate ·Completed the return of approximately US$33.8 million to shareholders during the first half of 2020 delivering on the Company’s commitment to shareholder returns. ·The Company entered into […]

San Leon, the independent oil and gas production, development and exploration company focused on Nigeria, announces a conditional investment of US$2 million as well as an option to conditionally invest a further US$6.5 million in the equity of Energy Link Infrastructure (Malta) Limited (“ELI”), the company which owns the Alternative Crude Oil Evacuation System (“ACOES”) project. The […]

A top global ICT infrastructure provider, Huawei, has introduced new ICT solutions for higher safety and efficiency in the oil and gas industry in Nigeria. While participating at the Nigeria International Petroleum Summit 2021, Huawei hosted a forum to discuss how to drive data to barrel and set up an exhibition booth to showcase its […]

The West African country’s crude production has been languishing at only two-thirds of its full capacity this year due to these factors along with its obligations under the OPEC+ production cuts. And, with further fiscal and security uncertainties ahead, the outlook for the country’s oil sector is likely to come under pressure despite the implementation […]

Proven gas deposits in Nigeria have moved 206.53 trillion cubic feet, the Department of Petroleum Resources (DPR) said yesterday in Abuja. Speaking at the Nigeria International Petroleum Summit, Director of DPR, Auwalu Sarki disclosed that indigenous oil and gas companies are now contributing as much as 33 per cent to the nation’s crude oil reserves […]

T.D. Williamson (TDW), the global solutions provider, completed its first SmartPlug® isolation in offshore Nigeria, working for a major operator through its local partner, Strides Energy & Maritime Ltd. (Strides). Isolating the 267-km (165-mi) natural gas pipeline enabled the safe change-out and leak testing of platform valves without depressurizing the system. This was the latest […]

The Department of Petroleum Resources (DPR) has concluded the 2020 marginal oilfield bid round, the first successful bid since 2003 when 24 assets were put on offer. The process, which culminated in the presentation of letters to the bid winners in Abuja by the industry regulator, started in June last year, with 57 marginal fields […]