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

Worley Awarded FEED Contract for the Nigeria-Morocco Gas Pipeline (NMGP) Project

Worley has been awarded a contract to provide main front-end engineering design (FEED Phase II) services for the Nigeria-Morocco Gas Pipeline (NMGP) project. The engineering study is progressing in accordance … Read More

Shell Invests to Support Nigeria’s Domestic Gas Ambition for Industrialization

The Shell Petroleum Development Company of Nigeria Limited (SPDC), has restated commitment to support the Federal Government of Nigeria’s goal of using the country’s proven gas reserves to trigger economic … Read More

NIGERIA: Shell Nigeria Gas, Nigerian Gas Marketing Corp seal Gas Distribution Deal

The Shell Nigeria Gas (SNG) has signed a 20-year agreement for the domestic distribution of gas to industrial customers and manufacturing plants in Lagos and Ogun States in south-western Nigeria. … Read More

NIGERIA: Heirs Holdings Acquires 45% of OML 17 from Shell, Total and ENI

Heirs Holdings  the leading African strategic investor, in partnership with affiliated company Transnational Corporation of Nigeria Plc (Transcorp), Nigeria’s largest publicly listed conglomerate, announced today the unconditional acquisition of a 45% … Read More

60 Years After Independence Nigeria’s Energy Industry Hasn’t Realized Its Promise — But It’s Getting Closer

On Oct. 1, 1960, everything seemed possible for Nigeria: After nearly 80 years of colonialism under Great Britain, it was finally an independent nation. During the newly independent nation’s earliest … Read More

NIGERIA: NNPC, SEEPCO Sign OML 143 Monetization Agreement

The Nigerian National Petroleum Corporation (NNPC) and Sterling Global have signed off on agreements for monetization of its fully operated Oil Mining Lease (OML) 143. According to NNPC this latest … Read More

NIGERIA: Canadian Overseas Petroleum Operations Update

Canadian Overseas Petroleum Limited has announces that further to the announcement of its second quarter results on 15th September 2020, COPL is giving an update on its drilling licence extension for … Read More

NIGERIA: NNPC Records $52.95M Trading Surplus in July

The Nigerian National Petroleum Corporation (NNPC) has recorded an increased trading surplus of $52.95M (₦20.36 billion) in July 2020 compared to the $5.5M (₦2.12 billion) surplus in June 2020 in … Read More

NIGERIA: Deregulation: NNPC to Support Deployment of CNG Facilities

The Nigerian National Petroleum Corporation (NNPC) has pledged to support ongoing initiatives by the Ministry of Petroleum Resources to provide alternate energy source to Nigerians through aggressive activation of Compressed … Read More