The Nigerian Content Development and Monitoring Board (NCDMB) have secured approval to launch a US$50 million fund for NOGAPS Manufacturing Product Line. This fund would be dedicated to companies that would operate in the Nigerian Oil and Gas Parks and engage in the manufacturing of equipment components used in the oil and gas industry and […]

An offshore production rig- FPSO Trinity Spirit located at the Ukpokiti Terminal has encountered an unprecedented explosion that almost engulfed the entire production facilities. The Management of Shebah Exploration & Production Company Ltd (SEPCOL) in RECEIVERSHIP has confirmed the unfortunate explosion which occurred at the early hours of Wednesday, 2nd of February 2022 According to […]

The dividend of the recent passage of Nigeria Petroleum Industrial Act has started yielding result after years of its contention at the country’s National Assembly. The Nigerian National Petroleum Company Ltd has announced the secured of a $5bn corporate finance commitment from the African Export Import Bank to fund major investments in Nation’s Upstream sector. […]

Sirius Petroleum, an Africa focused oil & gas production and development company with operations in Tunisia and Nigeria has released shareholders update on the funding of the Company’s production and development transaction in respect of OML 65 in Nigeria. On 14 May 2021, the Company announced that credit approval had been secured for a senior […]

San Leon, the independent oil and gas production, development and exploration company focused on Nigeria, today announced that its investment in the Oza oil field in Nigeria (“Oza”) is now proceeding with the following amendments. On 1 September 2020, San Leon announced that it had conditionally agreed to provide a US$7.5 million loan to Decklar […]

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has invited reserve bidders for the 2020 marginal fields programme completed in 2021, after some initial bid winners failed to pay up their signature bonuses within the stipulated time. A public notice signed by the Commission’s Chief Executive Officer, Mr. GbengaKomolafe, indicated that a number of the winners […]

Panoro Energy ASAis pleased to announce that all government approvals have now been received for the sale of the shares of its fully-owned subsidiaries that hold 100% of the shares in Pan Petroleum Aje Limited to PetroNor E&P Limited.  Pan Aje participates in the exploration for and production of hydrocarbons in Nigeria and holds a […]

Zenith Energyan international independent oil & gas company with production, exploration and development assets in Africa and Italy, has agreed an extension to the Option Agreement with Noble Hill-Network Limited (NHNL), announced on November 29, 2021, for the purchase of a 42% (forty-two percent) interest in the share capital of NHNL. NHNL is a private […]

Barely a year after 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), […]

Panoro Energy and PetroNor have agreed to extend the completion long stop date for the previously announced sale of its fully-owned subsidiaries that hold 100% of the shares in Pan Petroleum Aje. The amended long stop date to complete the Transaction is now 31 January 2022 to make allowance for the process of obtaining statutory […]