LEKOIL the Africa-focused oil and gas exploration, development and production company, is pleased to announce that the Otakikpo Joint Venture between Green Energy International Limited (“GEIL”) and LEKOIL (with LEKOIL as Technical Partner) has sanctioned Phase Two of the Otakikpo field development plan, following the successful completion of an independent third party competent persons report […]

Lekoil said it had reached a resolution with Optimum Petroleum, its partner on and the operator of OPL 310, to progress appraisal and development program activities at the Ogo discovery, which sits within the Block. Optimum and Lekoil are initially targeting a two-well program over the next twelve to eighteen months. However, this is subject […]

The search of Oil and Gas in the frontier basins of Nigeria has been on for decade now and discovering of this world essential commodity in the northern region of the country has been seen as a tall order despite enormous huge resources embedded in the search. The inability to discover oil and gas in […]

Nigeria LNG Ltd., the operator of Africa’s largest natural gas plant, is in talks with lenders to finance a $10 billion expansion. The company is discussing with the country’s top-10 lenders including Guaranty Trust Bank Plc and Zenith Bank Plc, to raise as much as $2 billion, and with foreign lenders and export-credit agencies for […]

The series of recent development linking OMLs 25 in Niger Delta Region of Nigeria have generated concerns to all and sundry, Ranging from political undertones to its economic perspective. OML 25 is situated at the prolific hydrocarbon area, Niger Delta region Kula kingdom of Rivers State. Nigerians have witnessed years several mediations and engagements in […]

RusselSmith, one of Nigeria’s foremost Asset Integrity Management Service providers in the Oil & Gas Industry, has wrapped up an extensive offshore structural assessment project for a major operator in Nigeria’s Niger Delta region. The project scope included the structural assessment of the topside and subsea sections of multiple production platforms, and the inspection of […]

Renamed floating, production storage and offloading vessel Tamara Tokoni is ready for deployment at the Okpoho field in oil mining lease 119 by the end of October, sources familiar with the deal have said. Tamara Tokoni FPSO was formerly a Bumi FPSO. This is Century Energy Services second FPSO deal in a few weeks. Last […]

NigerStar 7, an Engineering.Procurement, Construction and Installation (EPCI) has announced the addition of two offshore construction vessels to its Nigerian fleet. The Seven Antares and Seven Inagha offshore construction support vessels acquisition and the reflagging is in addition to other recent progressive and expansion investments executed by the company in recent time to increase its […]

Nigeria began preliminary talks with international oil companies to settle a dispute over revenue. The government, citing a 2018 Supreme Court ruling, says it’s entitled to $62 billion from the companies after they failed to comply with a 1993 law that hands the state a greater share of income when oil exceeds $20 a barrel. […]

ADM Energy, an exploration and production company has reinvigorated its investment interest in Nigeria oilfield Sector. The Company Presently holds an operatinginterest in OML 113, Aje field offshore Nigeria, has indicated its future investment strategy for a larger portfolio of projects across Nigeria and West Africa in 2020 and beyond.The Company recently made significant changes […]