The Oil Bloc
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ExxonMobil subsidiary seeks contractors for revamp work

Mobil Producing Nigeria (MPN), an ExxonMobil subsidiary has called for “Competent and qualified” turnkey contractors to take part in a platform revamping process. The subsidiary said engineering, procurement, construction, and installation players are needed for its Production Platforms Restoration projects. A pre-qualification process has…

Glencore puts Chad oilfields up for sale

Mining and trading giant, Glencore has put its oilfields in Chad up for sale. This is coming after a retreat from its foray into oil production following asset write-downs over the past decade.

Nigeria earned $236bn from petroleum exports in five years- OPEC

The Organization of Petroleum Exporting Countries, (OPEC) has revealed that Nigeria which is Africa’s top oil producer earned a total of $236.15billion from petroleum exports over the last five years.

Chevron bemoans oil theft in Nigeria

Chevron Nigeria has bemoaned the spate of oil theft, illegal oil refining, and pipeline vandalism. The oil major believes the actions are threats to Nigeria’s economy. The company shared this in a position paper presented at a one-day seminar on advocacy against crude oil theft in Warri, Delta State. It said the challenges have continued to make…

Shell invests $2bn on Kano electricity

Shell Foundation has announced its plans to invest $2 billion on Kano Electricity Distribution Company (KEDCO). The Managing Director of KEDCO, Jamilu Gwamna, explained that the multi-billion investment of the Oil conglomerate was aimed at boosting the services of the Distribution firm. He said this in Kano while inaugurating 170 new 500 KVA…


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Crude oil reserves suffer fall

The Organisation of Petroleum Exporting Countries (OPEC) in its recent report has revealed that Nigeria suffered a…

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Uganda is learning from Nigeria – PAU

The Manager, National Content, Petroleum Authority of Uganda (PAU), Mrs. Betty Namubiru, has…


Pan Ocean cancels plan to unveil assets

Pan Ocean Oil Corporation has canceled its plan to unveil its three oil and gas projects on the


DPR revokes oil mining license

The Department of Petroleum Resources has been requested to effect the revocation of the mining

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