FG extends Manitoba Hydro International TCN management contract
The Federal Government has extended the management contract of the Transmission Company of Nigeria (TCN) with Manitoba Hydro International Limited…
MX Oil announces investment in Aje field licence
AIM-listed MX Oil Plc has agreed to invest in an indirect, non-operated, 5% revenue interest in theOML 113 licence, offshore…
Oando Energy to acquire ConocoPhillips Nigerian businesses for $1.79bn
Oando Energy Resources (OER) has entered into an agreement with ConocoPhillips to acquire its Nigerian businesses, for about $1.79bn. As…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
Taleveras wins bid for Afam Asset in Nigeria
The Bureau of Public Enterprise has said that Taleveras Group (Taleveras) has won a bid for Afam Generation (Afam) with…
Mikano, Schneider Electric join forces on electricity distribution in Nigeria
Mikano International has signed a memorandum of understanding (MoU) with Schneider Electric for the sale and distribution of the latter’s…
Nigeria signs agreement for Zungeru hydro plant development
The government of Nigeria has signed an agreement with a consortium of China National Electric and Engineering Corporation (CNEEC) and…
Kano Electricity receives injection substations from NDPHC
Sahelian Kano DISCO unit Kano Electricity Distribution Company (DISCO) has taken delivery of seven newly constructed 33/11KV injection substations from…
SkyPower FAS Energy to develop 3,000MW solar PV projects in Nigeria
SkyPower FAS Energy has signed agreements with both the Federal Republic of Nigeria Government and the Delta State of Nigeria…
Nigerias JEDC purchases new transformers and meters for power distribution
The Jos Electricity Distribution Company (JEDC) in Nigeria has purchased new transformers and meters for effective power distribution in its…
Ajimobi commissions substation in Ibadan
The Oyo State Governor, Senator Abiola Ajimobi, has inaugurated a N150million 2×15 MVA Injection Power Substation at Akanran, in Onaran…
Mainstream Energy, RusHydro begins reconstruction of hydropower plants in Nigeria
The Board of Directors of Mainstream Energy Solutions Ltd. approved the Capacity Recovery Plan (CRP) for the rehabilitation of the…
POSCO E&C to construct $1.14bn thermal power plant in Nigeria
POSCO Engineering and Construction (POSCO E&C) has been awarded $1.14bn engineering, procurement, and construction contract by Ebonyi Independent Power Plant…
Lafarge, Wartsila and IFC partner to construct 220MW power plant in Nigeria
LaFarge Africa, Wartsila and the World Bank’s The International Finance Corporation (IFC) have signed an agreement to jointly construct a…
Iran ready to supply nuclear power to Nigeria
Iran is ready to supply nuclear power to Nigeria to help boost electricity supply in the country, a senior diplomat…
Panoro Energy starts drilling at Aje-5 offshore production well in Nigeria
Panoro Energy has started drilling operations at the Aje-5 production well in the OML 113 license, offshore Nigeria. Being drilled…
Oil and Gas: How Nigeria Lost $5.66 billion
The Central Bank of Nigeria (CBN), in its recent External Sector Development Report has disclosed that crude oil and gas…
NGP, Motir Seaspire to Develop 1,200MW of Solar PV Projects in Nigeria
New Generation Power (NGP) and Motir Seaspire have jointly signed a memorandum of understanding (MoU) with the Federal Government of…
USTDA signs Memoranda of Cooperation with Nigerian Electricity Distribution Firms
The US Trade and Development Agency signed memoranda of cooperation with the Eko and Ikeja Electricity Distribution Companies, who together…
Nigeria Negotiates with Rosatom to Develop $20bn Nuclear Power Plants
The Nigerian Government is negotiating with Russia’s state-owned Rosatom for the construction of four nuclear power plants, with an investment…
Nigeria’s Gemoetric Power Partners with GE to Develop 1,080MW Power Plant
Nigerian energy firm Geometric Power and US-based General Electric (GE) have signed an agreement to jointly develop a 1,080MW power…
