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) […]

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 […]