The PGS Nigeria MultiClient data library provides excellent 2D and 3D seismic coverage over recently announced blocks in the 2020 Marginal Fields Bid Round. The Department of Petroleum Resources (DPR), on behalf of the Federal Government of Nigeria, recently launched its 2020 licensing round. A total of fifty-seven marginal fields are on offer, including a […]

The Nigerian National Petroleum Corporation (NNPC) has fired 850 workers, many of them from refineries, amidst the coronavirus pandemic, senior oil workers union said. The workers sacked are both skilled and unskilled contractors, including technicians who helped maintain Nigeria’s oil refineries, said Lumumba Okugbawa, general secretary of the Petroleum and Natural Gas Senior Staff Association […]

LEKOIL an oil and gas exploration and production company with a focus on Nigeria and West Africa has announce that the Otakikpo Joint Venture which is made up of Green Energy International Limited (GEIL), the Operator of the Otakikpo Marginal Field, and the Technical Partner, LEKOIL Oil and Gas Investments Limited, in which the Company […]

The Governing Council of the Nigerian Content Development and Monitoring Board (NCDMB) has approved the expansion of the Nigerian Content Intervention Fund from US$200 million to US$350 million. The enlargement of the Fund by US$150 million was part of the decisions taken at the recent NCDMB Governing Council meeting, which held virtually on June 16, […]

The Department of Petroleum Resources (DPR) the Nigeria petroleum regulatory body has proclaimed that over 600 companies have indicated interest in ongoing prequalified exercise of 57 marginal oilfields bidding round in Nigeria. This was recently disclosed by Mr. Auwalu Sarki, the country’s Director of DPR. According to Mr Sarki, Nigeria last marginal field bid round was […]

Atlas Petroleum International An exploration, Production Company and marginal oilfield operator in Nigeria has started production from its prolific oil block OML 109. The recent resumption of workover and intervention activities on the oilfield since it was awarded to the company in 29 years ago is for the development of Ejubele marginal oilfield. The block […]

In a recent Malabu oil scandal court proceedings  in Italy, an Italian prosecutor has proclaimed that the Oil majors Eni and Royal Dutch Shell were aware that most of the money they spent to buy a Nigerian oilfield in 2011 would eventually end up in the hands of  corrupt  politicians and officials,. “They were kickbacks. […]

Nigeria President Muhammadu Buhari  has flagged off the construction of $2.8 billion Ajaokuta-Kaduna-Kano (AKK) pipeline, this has invaluably set the pace for total economic gas revolution in the country. A consortium of indigenous and international engineering firms are slated to construct the 614-kilometer gas pipeline which will be a future energy link to north African […]

 Canadian Overseas Petroleum Limited (COPL), an international oil and gas exploration and development company focused on sub-Sahara Africa has announced that it has entered into agreements for a £700,000 common share placing with three investors at 0.3 Pence per common share .The Company has entered into a non-brokered subscription agreement with an Investor for £500,000 […]

Nigerian Content Development and Monitoring Board (NCDMB) and the Nigerian LNG Limited has recently held the kick-off meeting of the Engineering, Procurement and Construction (EPC) components of   The $7.6n LNG Train 7  project..The august event was held virtually and this had provided enabling environment for NCDMB key officials to clarify some technical details relating to […]