Nigeria Government asked a court in Milan to order Royal Dutch Shell and Eni to pay the sum of $1.092 billion as an immediate advance payment for damages in the Malabu oil scandal, one of the oil industry’s biggest-ever corruption scandals. During the hearing into the corruption allegation linked to the acquisition of the OPL […]

Zenith Energy Ltd, the listed international oil & gas production company, is pleased to announce that it has successfully pre-qualified in the 2020 Marginal Field Bid Round organised by the Nigerian Department of Petroleum Resources. As announced on June 16, 2020, the Company is participating in the 2020 Bid Round in the capacity of technical and financial partner to […]

Total E&P Nigeria Limited (TEPNG) has commended the forthcoming approval of Nigeria’s Petroleum Industry Bill (PIB) with high optimism that it will open the door for new investments into the country’s oil and gas industry. “[Total] is keen to continue to invest in Nigeria and to contribute constructively to the ongoing debate about the Petroleum […]

The Nation’s Department of Petroleum Resources (DPR) says with five built refinery plants across the country and seven in the making, Nigeria will be a net exporter of petroleum products in the next two years. The Director and Chief Executive Officer of DPR, Sarki Auwalu disclosed this in Lagos when the Minister of Information and Culture, […]

Nigerian integrated oilfield services provider, RusselSmith, has teamed up with Kongsberg Ferrotech, a Norwegian subsea robotics company, to introduce a range of autonomous subsea robotic technologies to the Nigerian market. The robotic solutions are designed to perform inspection, repair and maintenance tasks on subsea pipelines, with the distinct advantage of being able to assess and […]

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 […]