The Shell Petroleum Development Company of Nigeria Limited (SPDC) has dismissed the purported takeover of Kidney Island asset of the SPDC Joint Venture in Port Harcourt by the Rivers State Government in the exercise of rights purportedly acquired through a court auction process that is still the subject of ongoing appeals at the Court of […]

With the recent shortlisting of 161 indigenous companies to advance to the next and final stage of the bid round process for 57 marginal oilfields in the country, the Nigerian oil and gas industry is expected to witness tremendous growth in no distant time a source from Nigeria regulatory body DPR reported.. The 161 successful […]

In June last year, the federal government commenced the process of awarding marginal oilfields to qualified bidders, especially indigenous oil and gas companies that had shown capacity and resilience over the years. Coming at a time that the country’s revenue had gone south due to headwinds occasioned by the vicissitudes of the international oil market, […]

For the oil and gas industry, year 2020 remains unusual in the highs and lows of economic cycles. The downturn caused by COVID-19, however, has not only put many companies at risk but also oil-dependent nations like Nigeria. Defying the odds, the Federal Government, through the Department of Petroleum Resources (DPR), amid other measures, decided […]

LEKOIL an oil and gas exploration and production company with a focus on Nigeria and West Africa, has said that it has noted the recent local press speculation in relation to a letter received by the Company from the Honourable Minister of State of Petroleum Resources of Nigeria in connection with the prior acquisition of […]

Nigerian National Petroleum Corporation, NNPC, and First Exploration & Petroleum Development Company Limited, First E&P, have announced the arrival of the Abigail-Joseph Floating Production Storage and Offloading, FPSO, unit to the shores of Nigeria.  In a statement obtained by Vanguard Maritime Report, weekend, First E&P said prior to her sail-away, the FPSO underwent upgrade, refurbishment and life extension […]

Consumers of the Liquefied Petroleum Gas, LPG, would have more domestic supply, as the Nigeria LNG Limited, has started the supply of 450,000 metric tonnes, MT in 2021, Vanguard news media reported. A company source, who confirmed the development, said the product would be delivered to designated destinations, including Lagos. Earlier, Managing Director, NLNG Limited, […]

Panoro Energy ASA is pleased to announce that PetroNor E&P Limited and Panoro have reached an agreement to extend the completion long stop date for the previously announced sale of its fully-owned subsidiaries that hold 100% of the shares in Pan Petroleum Aje Limited. The original long stop date was December 31, 2020, being the […]

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 […]