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 […]

To expeditiously grow the Federal Government’s revenue and in turn boost the nation’s reserve base,the Nigerian National Petroleum Corporation (NNPC), Nigeria Agip Oil Company (NAOC) and Oando, have executed a novation agreement for Oil Mining Leases (OMLs) 60,61, 62 and 63. The Group Managing Director of the NNPC, Mallam Mele Kyari, speaking on the significance […]

The Nigerian National Petroleum Corporation(NNPC) said that it had secured a US$3.15 billion financial and technical services agreement with local firm Sterling Oil Exploration & Energy Production Company Limited (SEEPCO) to develop the OML-13 oil license operated by NNPC’s upstream subsidiary Nigeria Petroleum Development Company (NPDC). The deal is part of NNPC’s strategy to develop […]