Giant multinational companies; GBfoods enters into Joint Venture with Helios Investment Partners for the acquisition of Nigerian food brands
The general public has been notified of the Joint Venture (JV) between GBfoods and Helios Investment Partners (referred to as…
NNPC collaborates with Chevron and Total for the construction of power plants
The Nigeria National Petroleum Corporation (NNPC) has revealed its plans to build power plants at Obite and Agura in conjunction…
Lagos State Government in dialogue with FG for approval to take all the gas produced from Aje
The Lagos State government is presently in negotiations with the Federal Government (FG) through the Department of Petroleum Resources (DPR)…
DPR reports increase in the level of compliance oil producing firms compliance with Domestic Gas Supply Obligation
The Department of Petroleum Resources (DPR)has reported that the gas sector has so far witnessed a 40% increase in respect…
FG and IOCs at loggerheads over cost expended on crude overlift
The Minister of State for Petroleum Resources; Dr. Ibe Kachikwu has revealed that the Federal Government of Nigeria (FG)a nd…
Nigeria records near zero pipeline vandalism in the past three months
The Federal Government of Nigeria recently gave a report of the stability recorded in the Niger Delta region of the…
Local Nigerian Community sues Eni for damages arising from the explosion of its oil pipelines
A community from Ikebiri, Niger Delta area of Nigeria has instituted an action against Eni seeking the sum of euro;2,000,000…
NNPC reveals investment opportunities in the Oil & Gas Sector
The Nigerian National Petroleum Corporation has revealed investment opportunities that will be forthcoming in the Nigeria oil and gas sector.…
FG reveals that Nigeria retains $5bn of the sum spent annually in the Oil and Gas Sector
Further to the continuous implementation of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act, 2010 the Nigerian Content…
New York Court grants Stay of proceedings in suit filed by Shell & Ors against NNPC pending conclusion of similar litigation suits in Nigeria
In view of the pending action instituted by Shell Nigeria Exploration and Production Co (SNEPCo), Esso Exploration and Production Nigeria…
Chevron enters into Agreement with Frames Group BV, Alphen aan den Rijn, the Netherlands for Provision of Natural Gas Dehydration Unit for Gas gathering
Chevron Nigeria Limited (CNL) recently entered into an agreement with Frames Group BV, Alphen aan den Rijn of the Netherlands…
Eland presents its quarterly updates on its operations
Eland Oil and Gas (the Company) stated that following the recommencement of production in January 2017, OML 40 has so…
BW Offshore signs interim extension agreement with Agip
BW Offshore recently signed an interim extension agreement in respect of Floating Production Storage and Offloading Vessel Abo with Nigerian…
FG, Shell and NAE to sign FID $13.5 billion Zabazaba deepwater project
The Federal Government of Nigeria (FG), Shell and Nigerian Agip Exploration Limited (NAE) are set to sign the Final Investment…
FG in conjunction with CBN and World Bank pays guarantees to gas supplier firm
As part of the Federal Governments (FG) efforts towards ensuring gas supply to power generating companies, the FGN has provided…
FG in negotiation with World Bank for $150 million loan to commence Mindiver Project
The Federal Government of Nigeria (FG) through the Ministry of Mines and Steel Development is currently in negotiation with the…
NPDC transfers OML 30 to new operator; Heritage Oil Limited
The Nigerian Petroleum Development Company (NPDC) has successfully handed over the Oil Mining Lease (OML) 30 to Heritage Oil. Consequently,…
NLNG makes decision to re-market expiring Sales and Purchase Agreements
The Nigeria Liquefied Natural Gas Limited (NLNG) recently announced its decision to re-market the LNG volumes for its three train…
FG set to disburse the first installment of the $5.1 billion Joint Venture (JV) cash calls to IOCs
Further to the agreement reached between the International Oil Companies(IOCs) operating in Nigeria and theFederal Government of Nigeria(FGN)in December, 2016…
LEKOIL and GE Oil & Gas execute MOU for the development of Ogo Field
Lekoil Limited (Lekoil) recently signed a Memorandum of Understanding (MOU)with GE Oil & Gas (GE) for the development of the…
Senate set to forward Petroleum Industry Governance Bill for Mr. President approval
The Senate Joint Committee on Petroleum (Upstream, Downstream and Gas) is expected on April 25, 2017 to lay before the…
FG to kick off marginal oil field bidding in U.S by May
The Federal Government has announced its intention to commence the road show for the marginal field bid rounds at the…
Seven Energy appoints new CEO
Seven Energy witnessed a change of baton in the leadership of the Company as Mr. Manish Maheshwari was recently appointed…
Nigeria achieves self-sufficiency in cement production
The Federal Government (FG) recently declared and confirmed that not only has Nigeria attained self-sufficiency in cement production, Nigeria can…
NNPC to invest US$15bn into 4000MW gas power plants
The Nigerian National Petroleum Corporation (NNPC) announced on Monday, 20thMarch, 2017 its intention to invest approximately US$15bn in the development…
FG grants leave to amend Statement of Claim in its $406.8 millionagainst Shell
Further to an application by the Federal Government (FG) to amend its Statement of Claim in thepending suit instituted against…
Shell, Eni reclaim ownership of OPL 245 as Nigerian Court discharges Exparte order for its forfeiture
Further to the respective motions filed by Shell and Eni for the discharge of the exparte order made by a…
Indigenous Oil & Gas Companies ready to Bid for National marginal oil blocks
Further to the Federal Governments (FG) move to sell some of its assets to potential buyers this year, over twenty…
FG to make coal site available for power generation companies
In light of power generation challenges in Nigeria as well as the numerous requests for coal sites by many business…
Gloomy forecast as FG set to sell off its stake in joint-venture oil projects
As part of its effort towards reviving and stabilizing the economy, the Federal Government (FG) has proposed selling some of…
