The Nigeria oil and gas regulatory body Department of Petroleum Resources (DPR), has debunked claims that the exact volume of crude oil produced in the country was not known. Mr Paul Osu, Head, Public Affairs, DPR, in a statement issued in Lagos, said every litre of crude produced in the country was adequately captured during […]

RISC was commissioned by Africa Oil Corp. to report on the interests it holds in the reserves and contingent resources of Prime Oil & Gas Coöperatief U.A. as part of its financial reporting to the Toronto Stock Exchange (TSX) for year-ending 2020. The interests include two world-class deep-water blocks in Nigeria, OML 127 and 130. […]

The American major believed that after a year of searching it had found a private Nigerian buyer for its lease on these two offshore blocks, but the NNPC has other ideas, Africa Intelligence reported. The process of selling Chevron‘s 40% stake in oil mining leases (OML) 86 and 88 was initiated in November 2019 via a […]

The Nigeria government has refuted rumor hovering around the energy sector that it has revoked 32 refinery licenses issued to some investors in country. The reaction follows reports making the rounds in some section of the media that the government has revoked some refinery licenses that it had earlier issued within a period of 3 […]

The Managing Director of Nigerian National Petroleum Corporation NNPC Mr.Mele Kyari has assured major stakeholders and Nigerians on the same transparent process that heralded the award of Port Harcourt Refinery rehabilitation contract to be repeated in the case of the rehabilitation of the Warri and Kaduna Refineries whose EPCIC contracts would be awarded in June […]

San Leon, the independent oil and gas production, development and exploration company focused on Nigeria, notes the announcement made by Decklar Resources Limited yesterday in Canada, the full text of which is set out below: Decklar Resources Inc. Announces Operations Update on Oza-1 Well Re-entry ·Drilling rig for re-entry and testing operations has been contracted, with […]

The Department of Petroleum Resources (DPR) has revoked four Oil Mining Licenses belonging to Addax Petroleum owing to the non-development of the assets by the petroleum company. The affected assets are OML 123, 124, 126 and 137. Speaking during an interactive session with journalists in Lagos on Tuesday, the Director/Chief Executive Officer, DPR, Mr. Sarki […]

ADM Energy PLC, a natural resources investing company, has announced the completion of the 15th Lifting  at the Aje Field, part of OML 113 offshore Nigeria. The Lifting totaled 225,000 barrels (52,000 barrels were left in the tank) with a net share of 27,675 barrels to ADM, which equates to ADM’s paying interest of approximately 12.3%. […]

Maire Tecnimont S.p.A. has announced that its subsidiary Tecnimont S.p.A. has been awarded a contract by the Federal Executive Council to carry out Rehabilitation works for the Port Harcourt Refinery Company Limited, located in Port Harcourt, Rivers State, in Nigeria, which is a subsidiary of Nigerian National Petroleum Company (NNPC).  The overall contract’s value is about USD 1.5 billion. […]

Seplat Petroleum the Nigeria’s indigenous leading upstream oil company, has reported that it took an impairment loss of N41.1 billion ($114.4 million) from its interest in OML 55, a contentious Oil block it currently shares with Belemaoil under a management contract signed in 2017.  The losses contributed significantly to the company’s full-year loss of N30.7 […]