The 21st edition of Nigeria’s foremost energy event, NOG Conference and Exhibition is set to hold in person at theInternational Conference Centre, Abuja from 4 – 7 July 2022. dmg Nigeria events, the organisers of the event stated, NOG 2022 will host key stakeholders from across the global energy value chain to discuss the strategies […]

LEKOIL, the oil and gas exploration and production company with a focus on Nigeria and West Africa has announced that Savannah Energy Investments, has entered into a convertible facility agreement (the ‘CFA’) and option agreement with the Company in order to support the Company’s restructuring.  Savannah Investments is a wholly owned investment vehicle of Savannah […]

San Leon, the independent oil and gas production, development and exploration company focused on Nigeria, has announced that it has provided a further loan of US$2.0 million to Energy Link Infrastructure (Malta) Limited (ELI), the company which owns the Alternative Crude Oil Evacuation System (ACOES) project. As previously announced, the ACOES is being constructed to […]

The Nigerian Content Development and Monitoring Board (NCDMB) have secured approval to launch a US$50 million fund for NOGAPS Manufacturing Product Line. This fund would be dedicated to companies that would operate in the Nigerian Oil and Gas Parks and engage in the manufacturing of equipment components used in the oil and gas industry and […]

An offshore production rig- FPSO Trinity Spirit located at the Ukpokiti Terminal has encountered an unprecedented explosion that almost engulfed the entire production facilities. The Management of Shebah Exploration & Production Company Ltd (SEPCOL) in RECEIVERSHIP has confirmed the unfortunate explosion which occurred at the early hours of Wednesday, 2nd of February 2022 According to […]

The dividend of the recent passage of Nigeria Petroleum Industrial Act has started yielding result after years of its contention at the country’s National Assembly. The Nigerian National Petroleum Company Ltd has announced the secured of a $5bn corporate finance commitment from the African Export Import Bank to fund major investments in Nation’s Upstream sector. […]

Sirius Petroleum, an Africa focused oil & gas production and development company with operations in Tunisia and Nigeria has released shareholders update on the funding of the Company’s production and development transaction in respect of OML 65 in Nigeria. On 14 May 2021, the Company announced that credit approval had been secured for a senior […]

San Leon, the independent oil and gas production, development and exploration company focused on Nigeria, today announced that its investment in the Oza oil field in Nigeria (“Oza”) is now proceeding with the following amendments. On 1 September 2020, San Leon announced that it had conditionally agreed to provide a US$7.5 million loan to Decklar […]

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has invited reserve bidders for the 2020 marginal fields programme completed in 2021, after some initial bid winners failed to pay up their signature bonuses within the stipulated time. A public notice signed by the Commission’s Chief Executive Officer, Mr. GbengaKomolafe, indicated that a number of the winners […]

Panoro Energy ASAis pleased to announce that all government approvals have now been received for the sale of the shares of its fully-owned subsidiaries that hold 100% of the shares in Pan Petroleum Aje Limited to PetroNor E&P Limited.  Pan Aje participates in the exploration for and production of hydrocarbons in Nigeria and holds a […]