BW Offshore agrees short-term extension with Agip for Abo FPSO

BW Offshore agrees short-term extension with Agip for Abo FPSO

BW Offshore has said in a press release that it signed an interim extension agreement for Abo FPSO with Nigerian Agip Exploration Ltd, a...

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Savannah releases 2017 audited annual results, Seven Energy assets acquisition update

Savannah releases 2017 audited annual results, Seven Energy assets acquisition update

Savannah Petroleum PLC is pleased to announce its full year audited results for the period ending 31 December 2017. Highlights Seven Energy Transaction Successful placing of US$125m to fund, inter...

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DPR unveils digital platform for downstream operations

DPR unveils digital platform for downstream operations

The Nation’s Petroleum Regulatory Agency, the Department of Petroleum Resources (DPR) has introduced digital solution to its downstream operations – Automated Downstream System (ADS)....

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Navy discovers illegal refineries with 4mpd capacity in Rivers

Navy discovers illegal refineries with 4mpd capacity in Rivers

The Nigerian Navy said it has discovered six new illegal refineries with combined capacity to refine four million litres of crude oil daily in...

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NCDMB urges oil sector deregulation to improve investment, job creation

NCDMB urges oil sector deregulation to improve investment, job creation

The Nigerian Content Development and Monitoring Board, (NCDMB), has reiterated the need to deregulate the downstream sector of the oil and gas industry to...

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‘Nigeria, other African nations’ oil output to hit 12m bpd’ – APPO

‘Nigeria, other African nations’ oil output to hit 12m bpd’ – APPO

Daily oil production from African countries, including Nigeria, has been projected to reach 12 million barrels per day (bpd) in the next few years....

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Seplat hopes to acquire assets in potential Addax sale

Seplat hopes to acquire assets in potential Addax sale

Seplat Petroleum is interested in acquiring Addax Petroleum’s Oil Mining Lease (OML) 124, onshore Eastern Nigeria and it is willing to move, once there...

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US makes inroads into established Nigerian LNG export markets

US makes inroads into established Nigerian LNG export markets

The United States is gradually making inroads into export markets that Nigeria sends its Liquefied Natural Gas cargoes to as the North American country’s...

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MRS Oil declares 20% bonus shares on N2.38b tax credit

MRS Oil declares 20% bonus shares on N2.38b tax credit

Shareholders of MRS Oil Nigeria Plc will receive a 20 per cent increase in their shares after the board of the oil-marketing company decided...

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