Nigerian state oil company NNPC has extended until June its contracts with private companies to swap crude oil for fuels, a company spokesman told Reuters. That’s the second extension of the one-year contracts to exchange more than 300,000 barrels per day (bpd) with 15 company pairings, which had been set to expire in October 2020. […]
San Leon, the independent oil and gas production, development and Exploration Company focused on Nigeria, notes the announcement on the funding arrangements made by Decklar Resources Limited (“Decklar Resources”) today. On 1 September 2020, San Leon announced that it had conditionally agreed to invest US$7.5 million by way of a loan to Decklar. Decklar is the […]
LEKOIL, the oil and gas exploration and production company with a focus on Nigeria and West Africa, has announced that Mayfair Assets and Trusts Limited, in which the Company has a 90 per cent economic interest, has received a letter from Optimum Petroleum Development Company, the Operator of the OPL 310 Licence, proposing to terminate […]
A number of foreign companies have indicated interest in establishing shop floors at the Nigerian Oil and Gas Park Scheme, (NOGaPS) upon completion. This disclosure was made known by the Executive Secretary of the Nigerian Content Development and Monitoring Board, (NCDMB), Engr. Simbi Wabote recently when he led top management of the Board to the […]
The Federal Government, Monday, announced plans to reactivate all moribund and dormant oil and gas support facilities nationwide. This, according to a statement by the DPR in Abuja, was part of efforts to boost Nigeria’s production capacity both in the upstream and downstream petroleum industry and create employment opportunities. Director, Department of Petroleum Resources, DPR, […]
The Department of Petroleum Resources on Monday inaugurated an initiative aimed at tackling accidents associated with oil and gas operations through the use of helicopters to ensure the safety of lives. The Director/Chief Executive Officer, DPR, Mr Sarki Auwalu, while speaking at the inauguration of the Search, Rescue and Surveillance Programme, said the initiative was […]
The Nigerian minister in charge of the oil sector, Sylva Timipre, was received on February 19 in Libreville by his Gabonese counterpart, Vincent de Paul Massassa. The latter is visiting Gabon as special envoy of the Organization of Petroleum Producing Countries (OPEC) in African countries members of this institution (which defends the interests of petroleum producing […]
Gabon has created 20 task forces to implement priority reforms of its Transformation Acceleration Plan (2021-2023), we learn from a decree by Prime Minister Rose Christiane Ossouka Raponda, signed on February 17. This text names the 20 project managers of these structures; Gabonese news source reports. “The appointments of project managers are distributed according to the […]
FAR Limited has said that it has received a conditional non-binding indicative proposal from PJSC Lukoil, one of the world’s largest publicly traded energy companies, to acquire 100% of the shares of FAR at A2.2c cash per share. Lukoil is headquartered in Russia. The Lukoil Proposal values FAR at A$220 million. FAR cautions that the […]
BW Energy has announced that the EBITDA for the fourth quarter of 2020 was USD 28.3 million, up from USD 22.2 million in the third quarter. Dussafu production averaged approximately 13,500 barrels of oil per day from four wells, amounting to a total gross production of 1.24 million barrels of oil in the quarter. Two […]
