ADM Energy, an exploration and production company has reinvigorated its investment interest in Nigeria oilfield Sector. The Company Presently holds an operating interest in OML 113, offshore Nigeria, which contains the Aje field, has listed its future investment strategy for a larger portfolio of projects across Nigeria and West Africa in 2020 and beyond. The […]

ADM Energy plc an oil and gas investing company quoted on AIM, announces its unaudited half-yearly results for the six months ended 30 June 2019. The Aje Field, is part of OML 113, in which ADM Energy holds a 5% equity investment Oil production in Aje fields is at a broadly stable rate from two […]

Seplat Petroleum Development agreed to buy Eland Oil & Gas, adding resources in Nigeria as it seeks to become the country’s biggest independent exploration and production company. The acquisition of Eland, whose main asset is the OML 40 license in the Niger Delta, is set to boost Seplat’s production to 64,000 barrels of oil equivalent […]

Aiteo Group is negotiating an alternative financing package that would enable it fund about $5 billion investment to be able to increase its oil production to about 250 000 barrels per day (bpd).This will also grow gas output to about 3 million standard cubic feet per day (mmscfd) of gas. The Managing Director, Eastern Exploration […]

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 […]

The Africa-focused oil and gas exploration, development and production company, is pleased to announce that pursuant to a letter dated 4 September 2019, the Federal Government of Nigeria and the Ministry of Petroleum Resources has approved the extension of OPL 310’s exploration license for three(3) years, subject to the holders of the licence paying an […]

RusselSmith Nigeria has announced the acquisition of a VideoRay Mission Specialist Series (MSS) Defender ROV as part of efforts to strengthen its Subsea services division. The highly regarded MSS Defender ROV utilizes interchangeable, modular components that reside on a single, intelligent network. This modular configuration provides an extremely flexible and customizable platform that can be […]

Mele Kyari asserted. LEKOIL the oil and gas exploration and development company with a focus on West Africa, announces the signing of a new US$11.5 million debt facility. LEKOIL Oil & Gas Investments Limited, a wholly owned subsidiary of LEKOIL Nigeria Limited, has signed an agreement for a new US$11.5 million debt facility with FBNQuest […]

Sonadrill Holding Ltd., Seadrill Ltd.’s 50:50 joint venture with an affiliate of Sonangol E.P., has secured a nine-well contract offshore Angola for the drillship Libongos. The contract includes six one-well options. The estimated total tract value is $101 million with commencement expected in late 3Q 2019 and running to early 2021. The Libongos is the […]

Since our inception in 1999 till date, we have worked on most of the ERP Projects in Nigeria. We have worked directly with international Oil Companies as a main contractor and also with the large construction/ technology companies operating in Nigeria as sub- contractor. Our yard which is located in Port Harcourt is capable of […]