27 C
Lagos, South Africa and New York
Saturday, August 8, 2020

Atlas Petroleum targets 500 million barrels of oil from Nigeria’s Ejulebe marginal field.

Nigerian based oil field OML 109 comprises 14 identified and mapped prospects and leads, and an un-risked resource potential in excess of 500 million barrels of oil equivalent. Over the weekend, Atlas Petroleum International has resumed work over activities and well interventions on OML 109...

Sasol to sell indirect interest in Escravos gas-to-liquids plant to Chevron

July 1 - South African petrochemicals giant Sasol said on Wednesday it would sell its indirect interest in the Escravos gas-to-liquids (EGTL) plant in Nigeria to Chevron for an undisclosed sum. The world’s top manufacturer of motor fuel from coal said it would continue to...

UPDATED: Oando, Oilserv to invest $2.8 billion in Ajaokuta-Kaduna Portion of AKK Project

Oando Plc has partnered Oilserve Limited to construct a 303.4km linear pipeline system for the Ajaokuta to Kaduna portion of the $2.8 billion, 40 inch by 614km Ajaokuta-Kaduna-Kano Gas Pipeline Project, the AKK Pipeline. According to a statement released by Oando through the Nigerian Stock...

Oil discovery in Northern parts of Nigeria will boost local content consumption, Experts say

The recent announcement by the Nigerian National Petroleum Corporation (NNPC) on the prospect for crude oil exploration in Plateau State has added to the growing number of oil exploration sites in the North. Borno, Bauchi, Gombe and Niger states have all been discovered to have...

Foreign investment inflow to Nigeria’s oil sector drops to 51% worth $10m

Lagos — Foreign investment inflow into the Nigerian oil and gas industry stood at $10.09 million in the first quarter of 2020, dropping by 51.07 per cent from $17.22 million recorded in the fourth quarter of 2019, according to data released by the National...

COVID-19: NNPC, Seplat begin $1.2 million 200-bed medical facility in Imo

Stanley Uzoaru, Owerri As part of their efforts to combat the Coronavirus pandemic in the country, the Nigeria National Petroleum Corporation (NNPC) and Seplat Petroleum Development Company have entered into collaboration to construct a 200-bed permanent emergency and infectious disease hospital for the Southeast in...

Oil theft, Pipeline vandalism cost Nigeria $48 million H1, 2020

The Nigerian National Petroleum Corporation (NNPC) has disclosed that the country has, so far, lost about $48 million or N17 billion (using N360/$1) to oil theft in 2020. The Group Managing Director of NNPC, Mallam Mele Kyari, stated this at an interactive hearing on “Exiting Petroleum...

Nigeria extends deadline for marginal oilfield bid round

LAGOS, June 11 - The deadline to register to bid for Nigeria’s marginal oilfields has been extended by a week, the Department of Petroleum Resources said on Thursday. The DPR launched the first marginal field award round in nearly 20 years on June 1....

How Prospective investors Can Obtain Marginal Oil & Gas Field In Nigeria

The Nigerian Department of Petroleum Resources (DPR) recently released guidelines on the 2020 licensing round. Under the 2020 licencing round, a total of 57 fields located onshore, swamp, and shallow offshore terrains are on offer; while the ongoing Nigerian Marginal Fields Bidding Round is...

Why we selected UniPort for Construction of NLNG Train-7 phased for safe mobilisation

Port Harcourt — The Nigerian Liquefied Natural Gas Limited, NLNG, has announced that its Train-7 construction is being phased, to ensure a safe mobilization following the COVID-19 pandemic. The company also disclosed that the University of Port Harcourt has been selected as a centre of...
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