NIGERIA: Chevron, NNPC Sign $1.4bn Financing Deal for Hydrocarbon Projects in Niger Delta

The Nigerian National Petroleum Company (NNPC) and Chevon’s subsidiary in Nigeria Chevron Nigeria have sealed  a $1.4 billion for “Project Panther” involving external project finance projects in the Niger Delta. The … Read More

PGS’ First Nigeria MegaSurveyPlus Provides 11 230 sq. km of 3D data

The MegaSurveyPlus concept revitalizes PGS’ Nigeria MultiClient data library by reprocessing 3D data from field tapes. Modern techniques such as optimized denoising algorithms and a full deghosting sequence have improved … Read More

NIGERIA: Sirius Petroleum Receives OML 65 Approvals Secured from NNPC

Sirius has announce that its JV partner, COPDC, has received the requisite approvals from the Nigerian National Petroleum Corporation (“NNPC”) that enables the company to proceed with the drawdown of … Read More

NIGERIA: Lekoil Announces Strategic Investment and Restructuring

LEKOIL has announce Savannah Energy Investments Limited, has entered into a convertible facility agreement and option agreement  with the Company in order to support the Company’s restructuring.   Highlights:  ·    The … Read More

NIGERIA: Baker Hughes Appointed Onshore Approved Services Provider of the OML 65 Licence

Sirius Petroleum has signed a Memorandum of Understanding (‘MOU’) with Baker Hughes Company Limited. The MOU appoints Baker Hughes as the approved services provider to Phase 1 of the approved … Read More

NIGERIA: Oil Giant Belemaoil Supports USAID’s HIV/AIDS Eradication Efforts in Akwa Ibom

As part of its efforts to deepen private sector involvement in Nigeria’s health sector, the U.S. Agency for International Development (USAID) accepted a contribution from a leading indigenous oil firm … Read More