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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…
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Nigeria signs partnerships with Chinese firms to develop two hydro plants
The Nigerian Government has signed two separate agreements with Chinese firms SINO Hydro and Gezhouba Group to construct hydro power…
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Nigeria secures $1bn in investments from Chinese firms for hydroelectric plant
Nigeria has signed an agreement with Sinohydro-Cneec Corporation to secure financial assistance for the construction of the 700MW Zungeru hydro…
