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SIRIUS PETROLEUM SIGNS JOINT OPERATING AGREEMENT FOR THE DEVELOPMENT OF THE ORORO FIELD
Sirius Petroleum an AIM listed company has recently signed a Joint Operating Agreement (JOA) for the development of the Ororo…
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TCN SECURES $1.55BN FROM MULTILATERAL CORPORATIONS FOR THE FINANCING OF TRANSMISSION EXPANSION PROJECTS
The Transmission Company of Nigeria (TCN) has secured $USD1.55 billion dollars from multilateral corporations, including the World Bank, African Development…
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FOREIGNERS AND NIGERIANS ARRESTED IN ZURAK, PLATEAU STATE FOR ILLEGAL MINING
The National Security Adviser (NSA), has ordered the arrest of Sixteen (16) Chinese nationals and eight (8) Nigerians who were…
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UNITED STATES TRADE AND DEVELOPMENT AGENCY APPROVES N360M GRANT FOR MODULAR REFINERY
In line with Integrated Oil and Gas Limiteds plan to construct a 20,000 barrels per day (bpd) modular refinery ,…
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ERIN ENERGY CORPORATION COMMENCES DRILLING IN OYO-9 WELL
Erin Energy Corporation has commenced the drilling of the Oyo-9 well offshore Nigeria. The well is expected to add an…
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THE OIL AND GAS FREE ZONES AUTHORITY ENTERS INTO PARTNERSHIP WITH AN INVESTOR TO ROLL OUTR EMBEDDED POWER IN ONNE FREE ZONE
The Oil and Gas Free Zones Authority (OGFZA) has entered into partnership with an investor to generate embedded power at…
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THE CONSTRUCTION OF THE US3.3 BILLION EGINA FPSO PROJECT REACHES 98%
The construction of Total Exploration and Production Nigeria Limiteds $3.3 billion Egina floating production, storage and offloading, FPSO, vessel is…
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NIGERIAN NATIONAL PETROLEUM CORPORATION IN FUNDING DEALS WITH FOREIGN PARTNERS TO DEVELOP OIL FIELDS
The Nigerian National Petroleum Corporation has agreed to four (4) new funding arrangements with four foreign partners to develop new…
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FEDERAL GOVERNMENT COMMENCES PLAN FOR THE EXPLORATION OF THE BONGA OIL FIELD PROJECT
The federal government has commenced consultations with the stakeholders in the oil and gas sector to re-activate Shell Nigeria Exploration…
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Increase in Nigerian interbank lending rate
Following the sale of the countrys treasury bills by the Central Bank of Nigeria (CBN) to mop-up excess liquidity in…