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Oando Energy to acquire ConocoPhillips Nigerian businesses for $1.79bn
Oando Energy Resources (OER) has entered into an agreement with ConocoPhillips to acquire its Nigerian businesses, for about $1.79bn. As…
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Subsea 7 consortium wins contract to develop Erha North field in Nigeria
UK-based Subsea 7 announced a consortium comprised of its Nigerian subsidiary and West African Ventures have won a contract from…
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Nigerian Government approves acquisition of Conocophillips assets
Oando Energy Resources (OER), a company focused on oil and gas exploration and production in Nigeria, has received Nigerian Government…
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Camac discovers four oil and gas reservoirs offshore Nigeria
Camac Energy has discovered multiple oil and gas reservoirs at Oyo field development well offshore Nigeria in Oil Mining Lease…
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Shell begins oil production from Bonga North West deep-water project
Shell Nigeria Exploration and Production Company, Shells deep-water subsidiary in Nigeria, has begun oil production from the first well at…
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Seadrill secures commitment for newbuild ultra-deepwater unit West Saturn in Nigeria
Seadrill Limited, in cooperation with indigenous partner Field Offshore Design Engineering Nigeria Limited has secured a contract with Esso Exploration…
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Shell divests 30% stake in Nigerian assets for $737m
The Shell Petroleum Development Company of Nigeria (SPDC), a subsidiary of Royal Dutch Shell (Shell), has divested a 30% stake…
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Saipem signs rig contract for AjeCenomanian oil field development offshore Nigeria
Yinka Folawiyo Petroleum, on behalf of the joint venture partners, has awarded a contract to Saipem to execute the drilling…
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Oil Demand to Increase in 2016 “ OPEC
The Organisation of Petroleum Exporting Countries (OPEC) has said that the global oil market should be more balanced next year…