The Nigerian Oil and Gas Park being developed by the Nigerian Content Development and Monitoring Board (NCDMB) at Emeyal 1, Bayelsa State would be completed in the 4th quarter of 2022, the Executive Secretary NCDMB, Engr. Simbi Kesiye Wabote has said. He spoke on Wednesday after inspecting construction work at the project site in company […]

Nigeria’s owned oil company is renegotiating commercial contract terms with multinational oil firms, in a move that it hopes will keep investment flowing into the sector crucial for its economy at a time when spending is being slashed owning to the uncertainties occasioned by corona virus pandemic.  Africa’s largest oil exporter and biggest economy relies […]

Nigeria’s Supreme Court has ruled in favour of Norwegian oil company Equinor in a long-battled case over profit from its stake in the Agbami oilfield, a company spokesman said on Friday 05, 2021. According to the company’s spokesman Erik Haaland, the milestone ruling has ended the long legal proceedings. It alleviates more than 10 years […]

The Federal Government is expecting to generate at least $500m in revenue (N189.5bn) from the ongoing marginal field bid round, the Department of Petroleum Resources has said. The DPR also said the successful bidders would be allowed for the first time in the nation to pay the acquisition cost of the oilfields in naira. The […]

The Director and Chief Executive Officer of the Department of Petroleum Resources, Mr. Sarki Auwalu, in an interview update on the ongoing 2020 bid exercise for the 57 marginal oil fields. Source DPR: Where are we with the 57 marginal fields and what is the guarantee that this time around, the concern about merit, capacity, […]

National Automotive Design and Development Council has shown Nigeria commitment for a greener energy in the global energy transition map by achieving its first locally assembled electric car. In an open invitation via its twitter handle dated Friday 5th February 2021, NADDC proclaimed its readiness to officially unveil the Hyundai Kona electric car. The Hyundai […]

The Nigeria regulatory body, Department of Petroleum Resources (DPR) has clarified the process it uses for accounting for crude production in the country, noting that most incidents relating to oil theft occurs from the land terminals. Mr Paul Osu, Head, Public Affairs, DPR, disclosed this in a statement made available to TBI Africa in Lagos on Thursday. […]

Sequel to recent Dutch appeal court judgment passed on Shell Nigeria operations as regards to environmental pollution caused by incessant oil spillages encroaching farmlands, Royal Dutch Shell has decided to take another hard look at its onshore oil operations in Nigeria owing to continued problems with theft and sabotage, Chief Executive Ben van Beurden said […]

San Leon, the independent oil and gas production, development and Exploration Company focused on Nigeria, is pleased to provide an update on the funding arrangements by Decklar Petroleum Limited (“Decklar”) to develop the Oza Oil Field in Nigeria.  When fully disbursed, the funding is expected to be sufficient to re-establish oil production and provide development funding […]

The Nigerian National Petroleum Corporation (NNPC) says it would do everything within its powers to ensure the timeous completion of the $3.6bn Integrated Gas Processing and Methanol Plant in Odioma, Brass Island, Bayelsa State. The Group Managing Director of NNPC, Mallam Mele Kyari, made the commitment at the signing of the Final Investment Decision (FID) […]