STAKEHOLDERS URGE FEDERAL GOVERNMENT TO ENFORCE MINING REGULATIONS
Stakeholders in the mining sector have called on the Federal Government to focus more on strengthening sector governance in order…
SHELL BEGINS GAS PRODUCTION AT GBARAIN-UBIE PHASE 2
Shell Petroleum Development Company (SPDC) of Nigeria has commenced gas production at Gbaran-Ubie Phase two (2) following the success of…
FEDERAL HIGH COURT ORDERS SEIZURE OF THREE CRUDE OIL DRILLING RIGS
The Federal High Court sitting in Port Harcourt, Rivers State, has ordered the arrest and detention of three crude oil…
CONCESSIONAIRES SHORT-LISTED FOR KIRIKIRI LIGHTER TERMINAL
Concessionaires have been short-listed for concessioning of the Kirikiri Lighter Terminal. The concessioning of the terminal is to ensure that…
FEDERAL GOVERNMENT OF NIGERIA PLANS TO CONCESSION SIX (6) SMALL HYDRO POWER DAMS
The Federal Government of Nigeria has concluded plans to concession six (6)small hydro -power dams in the coming weeks. It…
SIRIUS PETROLEUM SIGNS JOINT OPERATING AGREEMENT FOR THE DEVELOPMENT OF THE ORORO FIELD
Sirius Petroleum an AIM listed company has recently signed a Joint Operating Agreement (JOA) for the development of the Ororo…
TCN SECURES $1.55BN FROM MULTILATERAL CORPORATIONS FOR THE FINANCING OF TRANSMISSION EXPANSION PROJECTS
The Transmission Company of Nigeria (TCN) has secured $USD1.55 billion dollars from multilateral corporations, including the World Bank, African Development…
FOREIGNERS AND NIGERIANS ARRESTED IN ZURAK, PLATEAU STATE FOR ILLEGAL MINING
The National Security Adviser (NSA), has ordered the arrest of Sixteen (16) Chinese nationals and eight (8) Nigerians who were…
UNITED STATES TRADE AND DEVELOPMENT AGENCY APPROVES N360M GRANT FOR MODULAR REFINERY
In line with Integrated Oil and Gas Limiteds plan to construct a 20,000 barrels per day (bpd) modular refinery ,…
ERIN ENERGY CORPORATION COMMENCES DRILLING IN OYO-9 WELL
Erin Energy Corporation has commenced the drilling of the Oyo-9 well offshore Nigeria. The well is expected to add an…
THE OIL AND GAS FREE ZONES AUTHORITY ENTERS INTO PARTNERSHIP WITH AN INVESTOR TO ROLL OUTR EMBEDDED POWER IN ONNE FREE ZONE
The Oil and Gas Free Zones Authority (OGFZA) has entered into partnership with an investor to generate embedded power at…
THE CONSTRUCTION OF THE US3.3 BILLION EGINA FPSO PROJECT REACHES 98%
The construction of Total Exploration and Production Nigeria Limiteds $3.3 billion Egina floating production, storage and offloading, FPSO, vessel is…
NIGERIAN NATIONAL PETROLEUM CORPORATION IN FUNDING DEALS WITH FOREIGN PARTNERS TO DEVELOP OIL FIELDS
The Nigerian National Petroleum Corporation has agreed to four (4) new funding arrangements with four foreign partners to develop new…
FEDERAL GOVERNMENT COMMENCES PLAN FOR THE EXPLORATION OF THE BONGA OIL FIELD PROJECT
The federal government has commenced consultations with the stakeholders in the oil and gas sector to re-activate Shell Nigeria Exploration…
Increase in Nigerian interbank lending rate
Following the sale of the countrys treasury bills by the Central Bank of Nigeria (CBN) to mop-up excess liquidity in…
FG undertakes to invest N2.5 Billion in DFIs for Small Scale Miners
In a bid to encourage small-scale miners, the Federal Government through the Federal Ministry of Mines and Steel Development (the…
Fresh mining licences to be issued ONLY upon Host communities consent.
The Federal Government (FG) through the Federal Ministry of Mines and Steel Development (the Ministry) has issued directives that no…
FG undertakes to back the establishment of 327,000-tonne Iron and Steel Plant
As part of the Federal Governments (FG) efforts towards diversifying the economy away from oil as well as promoting the…
Citibank grants N500 million to microfinance bank
As part of its efforts towards promoting the development of the microfinance sector in Nigeria, Citibank recently granted a N500…
Unilever obtains the approval of NSE for N59billion right issues
The Nigerian Stock Exchange recently granted approval to Unilever Plc. for the raising of N58.9 billion in new equity funds…
IOCs foresees the disposal of more assets after PIB passage, licence expiration
Presently, the International oil companies (IOCs) operating in Nigeria are holding off on the divestment of their onshore assets until…
IOCs, FG in disagreement over $6.2bn JV cash call
It has been confirmed that the agreement entered into by the Federal Government (FG) and International Oil Companies (IOCs) with…
Shell exonerates itself from the inability from the non-diversion of Bonga gas to domestic market
Shell Petroleum Development Company (SPDC) recently released a statement exonerating itself from the continuous non-diversion of natural gas from the…
Dangote Refinery places order to Indias Power Mech JV for the provision of construction services
Further to the ongoing construction activities presently being undertaken by the Dangote Oil Refining Company (the Company), an order has…
Court of Appeal affirms Shipping Line Agency Charge illegal; and void
The Court of Appeal has held the contentious ‘shipping line agency charge’ (SLAC) usually charged by shipping companies (for what?)…
Court of Appeal upholds setting aside $2.5b judgment awarded to Shell, Esso against NNPC
A Nigerian Court of Appeal sitting at Abuja has upheld the setting aside of part of the $2.5 Billion arbitral…
France reveals plan to invest 1billion in Nigerias oil and gas industry
The French government through its Ambassador to Nigeria has revealed it plans to invest about €1billion (One Billion Euros) in…
Pan Ocean set to hit 200scf/d as well as reduce gas flaring
Pan Ocean Oil Corporation Limited; operator of OML98 has revealed that it is close to hitting 200mscfd from its current…
FG approves $186.6m Afam power plant project
The Ministry of Power Works and Housing has revealed that the Afam Power Plant project which is valued at the…
Three bills relating to PIB scale second reading at the House of Representatives
The House of Representatives has confirmed that three bills relating to the Petroleum Industry; Bill for an Act to provide…
