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LEKOIL TAKES LEGAL ACTION OVER DELAY IN GETTING MINISTERIAL CONSENT ON OML 310
LEKOIL Limited has instituted an action at the Federal High Court against the Ministry of Petroleum Resources over the Federal…
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SAIPEM-JV WINS CONTRACT FOR LNG PROJECT IN NIGERIA
A joint venture made up of Italian oil services group namely; Saipem, Japans Chiyoda Corp and Koreas Daewoo E&C has…
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AFC, WALTERSMITH SIGN $35M FACILITY FOR REFINERY PROJECT IN IMO
The Africa Finance Corporation, (AFC) has signed a $35 million debt facility agreement with Waltersmith Refining and Petrochemical Company Limited,…
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SHELL IN TALKS WITH ELUMELUS HEIRS HOLDING OVER SALE OF $2BN OIL ASSETS
Shell is presently in discussion with Heirs Holding Limited with respect to the sale of its interests in Oil Mining…
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PETROBRAS NEARS $1.3B SALES OF NIGERIAN OIL ASSETS
Petróleo Brasileiro SA is set to sell its stake in Nigerian Oil and Gas Assets for USD$1.3 billion to a…
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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…
