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 […]
FAR Gambia Ltd, a wholly owned subsidiary of FAR Ltd, has signed new Joint Operating Agreements (JOA’s) in respect of the A2 and A5 Blocks in The Republic of The Gambia, with PC Gambia Ltd a subsidiary of Petroliam Nasional Berhad, (PETRONAS ). This is reformation of the terms of the existing JOA’s by evolving […]
FAR an Australian-listed exploration, development and production company has made known its default in payment of Production Sharing Contract and Joint Operating Agreement on Sangomar oil and gas field off Senegalese as the company is looking forward to sell its interest in the project. The Sangomar oil and gas field being developed off Senegal, is […]
