The Managing Director of Nigerian National Petroleum Corporation NNPC Mr.Mele Kyari has assured major stakeholders and Nigerians on the same transparent process that heralded the award of Port Harcourt Refinery rehabilitation contract to be repeated in the case of the rehabilitation of the Warri and Kaduna Refineries whose EPCIC contracts would be awarded in June […]

San Leon, the independent oil and gas production, development and exploration company focused on Nigeria, notes the announcement made by Decklar Resources Limited yesterday in Canada, the full text of which is set out below: Decklar Resources Inc. Announces Operations Update on Oza-1 Well Re-entry ·Drilling rig for re-entry and testing operations has been contracted, with […]

The Department of Petroleum Resources (DPR) has revoked four Oil Mining Licenses belonging to Addax Petroleum owing to the non-development of the assets by the petroleum company. The affected assets are OML 123, 124, 126 and 137. Speaking during an interactive session with journalists in Lagos on Tuesday, the Director/Chief Executive Officer, DPR, Mr. Sarki […]

ADM Energy PLC, a natural resources investing company, has announced the completion of the 15th Lifting  at the Aje Field, part of OML 113 offshore Nigeria. The Lifting totaled 225,000 barrels (52,000 barrels were left in the tank) with a net share of 27,675 barrels to ADM, which equates to ADM’s paying interest of approximately 12.3%. […]

Maire Tecnimont S.p.A. has announced that its subsidiary Tecnimont S.p.A. has been awarded a contract by the Federal Executive Council to carry out Rehabilitation works for the Port Harcourt Refinery Company Limited, located in Port Harcourt, Rivers State, in Nigeria, which is a subsidiary of Nigerian National Petroleum Company (NNPC).  The overall contract’s value is about USD 1.5 billion. […]

Seplat Petroleum the Nigeria’s indigenous leading upstream oil company, has reported that it took an impairment loss of N41.1 billion ($114.4 million) from its interest in OML 55, a contentious Oil block it currently shares with Belemaoil under a management contract signed in 2017.  The losses contributed significantly to the company’s full-year loss of N30.7 […]

Nigeria said it welcomes all interested countries as it seeks a combined $4 billion for rehabilitation of both Warri and Kaduna refineries, including associated pipelines. A proposal on ‘Nigeria National Petroleum Corporation Energy Infrastructure Opportunities’ presented by the Nigerian National Petroleum Corporation, NNPC to the U.S Commercial Service said the sum of $2.5 billion is […]

The company set out its plans in its annual filing with the US Securities and Exchange Commission (SEC). Total began drilling an appraisal well on Block 20/11 in January and another is planned for Block 48 this year. It bought the former block in June 2020, following the collapse of Cobalt International Energy, which had […]

The Department of Petroleum Resources (DPR) has outlined five critical levers for gas development as Nigeria moves to leverage its abundant gas resources for national growth, diversification of the economy and to use gas as the fuel for  economic transformation. A statement issued on Monday by Mr Paul Osu, Head, Public Affairs, DPR said Mr Sarki […]

The Exploration & Production arm of Shell Nigeria SNEPCO has appointed Elohor Aiboni as its first female Managing Director. The development was confirmed by one of the aides of President Muhammadu Buhari on Social media, Lauretta Onochie via her Twitter handle. She Tweeted:  Shell Nigeria Exploration and Production Company has appointed Eloho Aiboni, as its […]