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DANGOTE SIGNS USD$650M AFREXIMBANK LOAN FOR OIL REFINERY
The Nigerian Conglomorate, Dangote has executed a seven-year term USD$650 million loan facility with African Export-Import Bank (Afrexim bank) for…
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APPLICATIONS FOR POWER GENERATION LICENSES TO BE BY COMPETITIVE TENDER
The Nigerian Electricity Regulatory Commission (NERC) has issued the Competitive Procurement Regulation which provides that applications for licenses to generate…
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CHINA OFFSHORE OIL COMPANY TO INVEST $3BN IN NIGERIAS OIL SECTOR
China National Offshore Oil Corporation (CNOOC) is set to invest $3billion in its existing stakes in offshore oil and gas…
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GENCOS HAVE SIGNED 9 PPAS WITH ELIGIBLE CUSTOMERS UNDER NEW REGULATION
The Association of Power Generation Companies (APGC) recently announced that the Generation Companies (Gencos) have signed 9 Power Purchase Agreements…
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NIGERIA SIGNS MOU WITH CHINA ON SOLID MINERALS EXPLORATION
The Federal Government of Nigeria has signed a Memorandum of Understanding with the East China Meteorological Institute to provide funding…
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NERC HIGHLIGHTS 20 INACTIVE PPAS, 18 GSA IN NIGERIAS GENCOS
The Nigerian Electricity Regulatory Commission (NERC) has reported that 20 Generation companies do not have active Power Purchase Agreements and…
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DOF SUBSEA AWARDED FPSO HOOK-UP CONTRACT OFFSHORE NIGERIA
A subsidiary of DOF ASA and leading mooring installation and hook –up contractor, DOF Subsea has been awarded a contract…
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FG SEEKS 50% ROYALTY FROM DEEP OFFSHORE, INLAND BASIN PSCS IN NEW LAW
The Federal Government of Nigeria has unveiled plans to boost its revenue with a proposed royalty rate of 50% for…
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SHELL DECLARES FORCE MAJEURE ON BONNY LIGHT CRUDE EXPORTS
Shell Petroleum Development Company of Nigeria Limited has declared force majeure on exports of Bonny Light crude export. This is…
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ELAND OIL & GAS SIGNS RIG CONTRACT FOR THE DRILLING OF UBIMA-1 WELL
Eland Oil & Gas PLC (AIM: ELA) has signed a rig contract with KCA Deutag for the T-57 land rig…
