The Nigerian petroleum regulatory body Department of Petroleum Resources (DPR), has said that 161 successful companies have been shortlisted to advance to the next and final stage of the bid round process for 57 marginal oilfields in the country. Mr Paul Osu, Head, Public Affairs, DPR, disclosed this recently in Lagos that the firms were […]

The shareholders and Board of Directors of the Nigeria Liquefied Natural Gas (NLNG) on September 11, 2019 moved a step closer to the final investment decision (FID) for the construction of the Train 7 of the multi-billion dollar gas project The shareholders – the Nigerian National Petroleum Corporation(49 percent), Shell Gas B.V.(25.6 percent), Total Gaz Electricite Holdings […]

Seplat Petroleum Development Company a Nigeria based exploration and Production Company has announced a Crude Purchase Agreement (CPA) with Waltersmith Petroman Oil Limited (Waltersmith). The CPA is for the supply of between 2,000 and 4,000 bopd from existing working-interest production from the Ohaji South Field within OML53, for Waltersmith’s new 5,000 bopd modular refinery at […]

Employees of Pan Ocean Oil Corporation (Nigeria) Limited, under the aegis of the National Union of Petroleum and Natural Gas Workers and the Petroleum and Natural Gas Senior Staff Association of Nigeria, on Wednesday shut down the Oil Mining Lease, OML, 98 flow-station and the Ovade-Ogharefe gas processing facility in Delta State This has led […]

LEKOIL an oil and gas exploration and production company with a focus on Nigeria and West Africa has announced operational and trading update in respect of the Otakikpo Marginal Field the Company’s sole producing asset. Otakikpo Joint Venture is made up of Green Energy International Limited, the Operator of the Otakikpo Marginal Field, and the […]

The recent unequivocal commitment shown by Nigeria present government on gas driven economic development has been seen as a good approach in monetization of the nation abundant natural gas reserves. This latest assurance is coming from the Group Managing Director, Nigerian National Petroleum Corporation, NNPC, Mallam Mele Kyari in an interactive section with the media. […]

San Leon has announced that the parties have agreed to extend the completion date of Oza oilfield to first quarter of 2021. This is Further to its previous announcements regarding its proposed investment in Decklar Petroleum Limited and the Oza Field in Nigeria, The company in its previous announcement has blamed the prevailing worldwide restrictions […]

The Nigeria Petroleum regulatory body Department of Petroleum Resources (DPR) stated that it will collaborate with the Oil Producers Trade Section (OPTS) of the Lagos Chamber of Commerce and Industry for business sustainability in the oil and gas industry in creating wealth for the economy. A statement issued  by Mr Paul Osu, Head, Public Affairs, […]

1.       INTRODUCTION: Nigerian National Petroleum Corporation (NNPC) is empowered pursuant by the NNPC Act (LFN Cap. 320) to engage in all commercial activities relating to Petroleum Operations. In compliance with the Public Procurement Act 2007 and NNPC’s Policy and Procedures, NNPC intends to engage qualified and credible companies in a Direct Sale of Crude Oil […]

Nigeria’s state oil company Nigerian National Petroleum Corporation has established bids for contractors and investors perform rehabilitating and engineering job in a revamp of the nation Port Harcourt refinery. The Port Harcourt Refinery is made up of two refineries located at Alesa-Eleme, Rivers State. The old refinery has a refining name plate capacity of 60,000 barrels per day and was commissioned in 1965, […]