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 […]

The Federal Government, Monday, announced plans to reactivate all moribund and dormant oil and gas support facilities nationwide. This, according to a statement by the DPR in Abuja, was part of efforts to boost Nigeria’s production capacity both in the upstream and downstream petroleum industry and create employment opportunities. Director, Department of Petroleum Resources, DPR, […]

The Department of Petroleum Resources on Monday inaugurated an initiative aimed at tackling accidents associated with oil and gas operations through the use of helicopters to ensure the safety of lives. The Director/Chief Executive Officer, DPR, Mr Sarki Auwalu, while speaking at the inauguration of the Search, Rescue and Surveillance Programme, said the initiative was […]

The Nigerian minister in charge of the oil sector, Sylva Timipre, was received on February 19 in Libreville by his Gabonese counterpart, Vincent de Paul Massassa. The latter is visiting Gabon as special envoy of the Organization of Petroleum Producing Countries (OPEC) in African countries members of this institution (which defends the interests of petroleum producing […]

The Department of Petroleum Resources (DPR) has dismissed media reports that it uncovered a ‘missing 2 million barrels of crude’ in oil production records by Shell Petroleum Development Company (SPDC) between 2016 and 2018. The DPR described the allegations as false and baseless. The report had alleged that SPDC which was allegedly found culpable had admitted […]

The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote has charged International Operating Oil and Gas Companies to emulate Total Exploration and Production Company (Total E&P) in sponsoring new projects and stop being deterred by the delayed passage of the Petroleum Industry Bill (PIB). He gave the charge recently when […]

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 […]