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 that its Incorporated Joint Venture, the ANOH Gas Processing Company, has successfully raised US$260m in debt to fund completion of its ANOH Gas Processing Plant The 300MMscfd capacity ANOH plant, […]

The Nigeria Federal Government is expecting the passage of the Petroleum Industry Bill by the National Assembly in March or April, the Minister of State for Petroleum Resources, Chief Timipre Sylva stated recently. Chief Sylva said this on the side-lines of the groundbreaking and foundation laying ceremony of the nation’s headquarters building of the Department […]

A Dutch court has ordered the Nigerian subsidiary of Shell to pay compensation over oil spills in Nigeria’s Niger Delta, a ruling which could pave the way for more cases against multinational oil firms according to Aljazeera. The Court of Appeal in The Hague on Friday 29 January, 2021 ruled that the Nigerian arm of […]

African Export-Import Bank (Afreximbank) has disbursed US$250 million of the US$1.1 billion that supported the acquisition by Trans Niger Oil and Gas Limited (TNOG) of a 45% stake in OML 17 onshore oilfield. With this US$250-million Reserve Based Lending facility, Afreximbank was the largest lender, underwriting about a quarter of the financing that enabled TNOG […]

Savannah Energy PLC the African-focused British independent energy company sustainably developing high quality, high potential energy projects in Nigeria and Niger, has announced a trading update for the full year 2020 and guidance for the full year 2021.  Financial Year 2020 Nigeria Operational Highlights   According to the press release, the total cash collections from […]

Leading domestic gas distribution company, Shell Nigeria Gas (SNG), has signed a 20-year agreement for the domestic distribution of gas to industrial customers and manufacturing plants in Lagos and Ogun States. In the new deal with the Nigerian Gas Marketing Corporation (NGMC), SNG will also extend its distribution network to Badagry to serve a new […]

No less than 96 contractors have shown interest in undertaking the rehabilitation and maintenance of the Nigerian National Petroleum Corporation’s (NNPC) ageing downstream infrastructure.  Ranging from critical pipelines to depots and terminals through the Build, Operate and Transfer (BOT) financing model. This was disclosed at a virtual public bid opening exercise which held at the […]

The Shell Petroleum Development Company of Nigeria Limited (SPDC), has completed the sale of its 30% interest in Oil Mining Lease (OML) 17 in the Eastern Niger Delta, and associated infrastructure, to TNOG Oil and Gas Limited, a related company of Heirs Holdings Limited and Transnational Corporation of Nigeria Plc (Transcorp), for a consideration of $533m. A […]

TMC will deliver an offshore compressed air system consisting of three large compressors and control system to the Bonga Main FPSO (floating, production, storage and offloading vessel), which is located 120 kilometres southwest of the Niger Delta, in a water depth of more than 1,000 metres. The three large compressors will be retrofitted onboard the Bonga Main FPSO, which […]

The Shell Petroleum Development Company of Nigeria Limited (SPDC) has dismissed the purported takeover of Kidney Island asset of the SPDC Joint Venture in Port Harcourt by the Rivers State Government in the exercise of rights purportedly acquired through a court auction process that is still the subject of ongoing appeals at the Court of […]