Axxela Limited via its subsidiary Transit Gas Nigeria Limited (“TGNL”), and in partnership with the Nigerian Gas Marketing Company Limited (“NGMC”) a subsidiary of the Nigerian National Petroleum Corporation, its long-time strategic partner, has successfully commissioned an 18km gas pipeline system in Ogun State, South West, Nigeria. The 150mmscfd pipeline runs from Ibefun to Rite Foods Limited’s large-scale factory […]

Leading energy company, The Shell Petroleum Development Company of Nigeria Limited (SPDC), has restated commitment to support the Federal Government of Nigeria’s goal of using the country’s proven gas reserves to trigger economic activities for gas-based industrialization. Mr. Osagie Okunbor Managing Director, The Shell Petroleum Development Company of Nigeria (SPDC) and Country Chair of Shell […]

The Nigerian government has reiterated its commitment towards global net-zero emission affirmation of being part of the signatories to the Paris Climate Accord. The assurance this time around is coming from the nation’s Vice President, Prof. Yemi Osinbajo and he stated this during the recently held Federal Economic Council meeting in Nigerian capital city of […]

Seplat Petroleum Development Company Plc, a leading Nigerian independent energy company listed on both the Nigerian Stock Exchange and the London Stock Exchange, has announced its audited results for the financial year ended 31 December 2020.  Operational highlights  · Working-interest production within guidance at 51,183 boepd, despite demand fall and OPEC+ quotas  · Liquids production […]

The  Nigeria government and the Kingdom of Morocco has signed five strategic Memorandum of Understandings (MOUs) that would foster Nigerian – Morocco bilateral collaboration and promote the development of hydrocarbons, agriculture, and commerce in both countries. The Minister of State for Petroleum Resources, Chief Timipre Sylva led the Nigerian delegation to the agreement signing ceremony […]

The ANOH Gas Processing Plant development at OML 53 (and adjacent OML 21 with which the upstream project is unitised) will drive the next phase of growth for Seplat’s expanding gas business. The project will comprise a Phase One 300 MMscfd midstream gas processing plant. The ANOH plant is being built by AGPC, which is […]

Nigerian state oil company NNPC has extended until June its contracts with private companies to swap crude oil for fuels, a company spokesman told Reuters. That’s the second extension of the one-year contracts to exchange more than 300,000 barrels per day (bpd) with 15 company pairings, which had been set to expire in October 2020. […]

San Leon, the independent oil and gas production, development and Exploration Company focused on Nigeria, notes the announcement on the funding arrangements made by Decklar Resources Limited (“Decklar Resources”) today.  On 1 September 2020, San Leon announced that it had conditionally agreed to invest US$7.5 million by way of a loan to Decklar. Decklar is the […]

LEKOIL, the oil and gas exploration and production company with a focus on Nigeria and West Africa, has announced that Mayfair Assets and Trusts Limited, in which the Company has a 90 per cent economic interest, has received a letter from Optimum Petroleum Development Company, the Operator of the OPL 310 Licence, proposing to terminate […]

A number of foreign companies have indicated interest in establishing shop floors at the Nigerian Oil and Gas Park Scheme, (NOGaPS) upon completion. This disclosure was made known by the Executive Secretary of the Nigerian Content Development and Monitoring Board, (NCDMB), Engr. Simbi Wabote recently when he led top management of the Board to the […]