LEKOIL an Africa focused oil and gas exploration and production company with interests in Nigeria and Namibia has termed the company’s operation in 2019 as a pivotal year. Operational Highlights Otakikpo *Production levels averaged approximately gross 5,305 bopd (2,122 bopd net to LEKOIL Nigeria) *Updated Competent Person’s Reports announcing a significant upgrade to 2P oil reserves […]

Africa Oil has announced that it has received its fourth dividend from Prime Oil and Gas B.V., a company that holds interests in deepwater Nigeria production and development assets. Prime says it has distributed a US$50 million dividend with a net payment to Africa Oil of US$25 million related to its 50% interest. The Company has […]

The Nigerian National Petroleum Corporation (NNPC)  has said that the era of Liquefied Petroleum Gas (LPG) importation into the country will soon be a thing of the past when the 100 million standard cubic feet of gas capacity facility at Oredo flow station in Benin City, Edo State, is commissioned. The Oredo Integrated Gas Handling […]

Conoil Producing, the Nigerian indigenous E&P independent is the winner of the bid for the 40% equity held by Chevron Corp. in Oil Mining Leases (OMLs) 86 and 88. Conoil Producing a junior oil and gas Nigerian E & P company is currently in discussion with the multnational major over this imminent acquisition. Although it’s […]

The U.S. Trade and Development Agency has awarded a grant to Abuja-based Konexa for a feasibility study that will evaluate Nigeria’s access to reliable, privately generated renewable electricity. The study will help Konexa enhance electricity distribution for residential, commercial and industrial customers in Kaduna state using U.S. technological solutions. “This project will support the development […]

President Muhammadu Buhari has recently commissioned the new headquarters building of the Nigerian Content Development and Monitoring Board (NCDMB) in Yenagoa, Bayelsa State, with a pledge to spend more on infrastructure across the country and focus on finishing projects delivered by local contractors and technology that create jobs for thousands of Nigerians. The President commissioned […]

The Federal Government has commenced feasibility study for the construction of a shipyard in Brass Island, Bayelsa State, which would cater for the maintenance and repair services of cargo vessels, oil tankers, and LNG carriers. The Minister of State for Petroleum Resources, Chief Timipre chaired the project’s kick-off meeting on Thursday and stated that it […]

The Nigerian National Petroleum Corporation (NNPC) has restated its commitment to working with relevant partners and stakeholders in the Oil and Gas Sector to boost delivery of gas to the domestic market.  The Group Managing Director of NNPC, Mallam Mele Kyari, made the commitment recently at the launch of the Nigerian Gas Transportation Network Code […]

Nigerian National Petroleum Company NNPC in its recent post, has thrown open bid for interested investors to overhaul the nation’s long overdue pipelines and depots serving three oil refineries. The three refineries situated in the nation major cities- Port Harcourt, Warri and Kaduna were built decades ago and are linked to these pipeline network for […]

BW Offshore has announced the release of offshore workers kidnapped from an FPSO offshore Nigeria onboard FPSO sendje Berge in an armed pirate attack in July. On 2 July 2020, at approximately 4:20 am local time, BW Offshore’s FPSO Sendje Berge was subject to an attack by pirates offshore Nigeria in which nine Nigerian nationals […]