FG OFFERS 43 LICENCES FOR LARGE MODULAR REFINERIES
The Federal Government of Nigeria (FG) has licensed 43 refineries including large scale and modular refineries to refine petroleum across…
NIGERIAN NATIONAL PETROLEUM CORPORATION REDUCES CONTRACTING CYCLE TO 9 MONTHS
In a bid to allow free flow of investments to the oil and gas industry, the Nigerian National Petroleum Corporation…
FEDERAL GOVERNMENT OF NIGERIA SETS PRICE OF FLARED GAS FOR NGFCP INVESTORS
The Federal Government has disclosed that third-party investors in the Nigeria Gas Flare Commercialization Programme (NGFCP) would be given every…
GACN ISSUES GAS PURCHASE ORDER TO AXXELA AND NGMC JOINT MINI LNG PROJECT
The Nigerian Gas Marketing Company has been issued a Gas Purchase Order (GPO) by the Gas Aggregation Company of Nigeria…
MALABU OILFIELD LICENCE, NINE OTHERS SET TO EXPIRE IN 2020, 2021.
According to the data obtained from the Department of Petroleum Resources, ten oil block licences, including Oil Prospecting Licence (OPL)…
ALP ACTS AS LOCAL COUNSEL ON ITS USD 15,000,000.00 LOAN FACILITY
ALP acted as external local Counsel to the lender – FBN (UK) Limited on the local security package for the…
$5.8B MAMBILLA POWER PROJECT FACES LEGAL HURDLE
The construction of the $5.792billion (about (N2.096trillion) Mambilla hydro-power project in Taraba State is enmeshed in legal crisis. Issues surrounding…
AMCON SEIZES EGBEMA, OMOKU NIPP POWER PROJECTS FROM ROCKSON OVER DELAYS
Assets Management Corporation of Nigeria (AMCON) has taken over from Rockson Engineering Limited, the Egbema and Omoku power plant projects…
SHELL ANNOUNCES FID ON ASSA NORTH GAS PROJECT
Shell Petroleum Development Company of Nigeria Limited (SPDC) has announced its Final Investment Decision (FID) on the Assa North Gas…
FG, NIPP INVESTORS NEGOTIATE FRESH TERMS ON POWER STATIONS’ SALES
The Nigerian government resumed negotiation of new terms with preferred bidders of three power generation plants of the National Independent…
SEPLAT GAINS 20-YEARS LICENSE RENEWAL FOR OMLs 4, 38 and 41
Seplat Petroleum Development Company Plc., a leading Nigerian indigenous oil and gas company has announced that the President and Honourable…
DPR AWAITS FGs SIGNAL FOR BID ROUND OF FLARED GAS SITES
The Department of Petroleum Resources, Nigerias regulatory agency for the petroleum industry, is awaiting directives from the President and Minister…
NCC MAY REVOKE INFRACOs LICENCE OVER ROLLOUT BREACH
The Nigerian Communication Commission (NCC) has announced that it may revoke the operational licences of Infrastructural Companies (InfraCos) that fail…
MTN NIGERIA SIGNS 200 BILLION NAIRA LOAN FACILITY AGREEMENT
MTN Nigeria has signed a 200 billion naira (about $554.43 million) seven-year medium term loan facility agreement with a consortium…
SYMBOL MINING SECURES LOGISTICS AGREEMENT FOR MACY PROJECT
Symbol Mining a mining exploration and production company has finalized agreements with GMT Nigeria for the first shipment of high-grade…
LEKOIL TAKES LEGAL ACTION OVER DELAY IN GETTING MINISTERIAL CONSENT ON OML 310
LEKOIL Limited has instituted an action at the Federal High Court against the Ministry of Petroleum Resources over the Federal…
SAIPEM-JV WINS CONTRACT FOR LNG PROJECT IN NIGERIA
A joint venture made up of Italian oil services group namely; Saipem, Japans Chiyoda Corp and Koreas Daewoo E&C has…
AFC, WALTERSMITH SIGN $35M FACILITY FOR REFINERY PROJECT IN IMO
The Africa Finance Corporation, (AFC) has signed a $35 million debt facility agreement with Waltersmith Refining and Petrochemical Company Limited,…
SHELL IN TALKS WITH ELUMELUS HEIRS HOLDING OVER SALE OF $2BN OIL ASSETS
Shell is presently in discussion with Heirs Holding Limited with respect to the sale of its interests in Oil Mining…
PETROBRAS NEARS $1.3B SALES OF NIGERIAN OIL ASSETS
Petróleo Brasileiro SA is set to sell its stake in Nigerian Oil and Gas Assets for USD$1.3 billion to a…
DANGOTE SIGNS USD$650M AFREXIMBANK LOAN FOR OIL REFINERY
The Nigerian Conglomorate, Dangote has executed a seven-year term USD$650 million loan facility with African Export-Import Bank (Afrexim bank) for…
APPLICATIONS FOR POWER GENERATION LICENSES TO BE BY COMPETITIVE TENDER
The Nigerian Electricity Regulatory Commission (NERC) has issued the Competitive Procurement Regulation which provides that applications for licenses to generate…
CHINA OFFSHORE OIL COMPANY TO INVEST $3BN IN NIGERIAS OIL SECTOR
China National Offshore Oil Corporation (CNOOC) is set to invest $3billion in its existing stakes in offshore oil and gas…
GENCOS HAVE SIGNED 9 PPAS WITH ELIGIBLE CUSTOMERS UNDER NEW REGULATION
The Association of Power Generation Companies (APGC) recently announced that the Generation Companies (Gencos) have signed 9 Power Purchase Agreements…
