SOLAR FIRM AZURI TECHNOLOGIES ANNOUNCES $26M EQUITY INVESTMENT
Marubeni Corporation and other existing shareholders have invested US$26 million in Azuri Technologies, a leading provider of pay-as-you-go solar home…
SWITZERLAND TAKES LEGAL ACTION AGAINST NIGERIA OVER SEIZURE OF OIL TANKER
Switzerland has asked the International Tribunal for the Law of the Sea to order Nigeria to release a Swiss-flagged oil…
FG TARGETS N1.03TN FROM OIL ASSET DIVESTMENT, PSC REVIEW
The President of the Federal Republic of Nigeria – Muhammadu Buhari has directed that immediate action be commenced to restructure…
PAN OCEAN, 5 OTHERS AFFECTED BY FGS REVOCATION OF OIL LICENSES
The Department of Petroleum Resources (DPR) has revoked five Oil Mining Leases (OML) and one Oil Prospecting Licence (OPL) belonging…
MX OIL PROVIDES TITLE UPDATE ON AJE FIELD PARTICIPATING INTEREST
The Ministry of Petroleum Resources (MPR) has given consent toMX Oil plc, for the renewal of OML 113 lease which…
FG CONCESSIONS 750KW SOLAR PROJECT TO PROSERVE ENERGY
The FG has concessioned to Proserve Energy Services Limited, 750 kilowatts (KW) solar power system that will energise the Federal…
TRANSCORP CONSORTIUM WINS BID FOR AFAM POWER
The National Council on Privatisation (NCP) has declared Transcorp Power Consortium the winner of the financial bid for the privatisation…
SHELL DECLARES FORCE MAJEURE ON BONNY LIGHT CRUDE EXPORTS AFTER PIPELINE CLOSURE
Royal Dutch Shell has declared force majeure on exports of Nigerias Bonny Light crude following the shutdown of Nembe Creek…
FG TO HAND OVER GAS FLARE SITES TO INVESTORS BY 2020
The FG of Nigeria hopes to conclude the distribution of about 178 flare sites to Investors to capture and commercialise…
FG TO RELEASE NEW GAS PRICING TEMPLATE BY MAY 29TH 2019
The Federal Government of Nigeria has announced its intention to release a new gas pricing template before May 29, 2019…
132 FIRMS BID FOR NNPC OIL SWAP CONTRACTS
The Nigerian National Petroleum Corporation (NNPC) recently opened the 2019 Direct Sale of Crude Oil and Direct Purchase (DSDP) bid…
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…
