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Court of Appeal upholds setting aside $2.5b judgment awarded to Shell, Esso against NNPC
A Nigerian Court of Appeal sitting at Abuja has upheld the setting aside of part of the $2.5 Billion arbitral…
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France reveals plan to invest 1billion in Nigerias oil and gas industry
The French government through its Ambassador to Nigeria has revealed it plans to invest about €1billion (One Billion Euros) in…
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Pan Ocean set to hit 200scf/d as well as reduce gas flaring
Pan Ocean Oil Corporation Limited; operator of OML98 has revealed that it is close to hitting 200mscfd from its current…
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FG approves $186.6m Afam power plant project
The Ministry of Power Works and Housing has revealed that the Afam Power Plant project which is valued at the…
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Three bills relating to PIB scale second reading at the House of Representatives
The House of Representatives has confirmed that three bills relating to the Petroleum Industry; Bill for an Act to provide…
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WAV declares that the court appointment of provisional liquidator for STG has no effect on it operations
Following the court appointment of provisional liquidator for Sea Trucks Group (STG), the management of West African Ventures (WAV) has…
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Sirius Petroleum in negotiation with British Petroleum over Ororo field financing
Sirius Petroleum has confirmed that it is in negotiation with British Petroleum in respect of an off-take and pre-payment facility…
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NERC seeks to dissolve the boards of Discos
Nigerian Electricity Regulatory Commission (NERC) recently disclosed that it has commenced regulatory proceedings in respect of the operations of Distribution…
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Eland Oil & Gas JV company signs rig contract with OES Energy Services.
Eland Oil & Gas revealed that it’s Joints Ventures Company; Elcrest Exploration and Production recently signed a rig contracts with…
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House of Representatives, Senate disagree over the amended NLNG Act.
There seems to be an ongoing dispute between the House of Representatives and the Senate in respect of the bill…
