Upstream

Nigeria is currently adopting strategies to better comply with its crude production quota under the OPEC+ agreement.

The Nigerian Content Development Monitoring Board, NCDMB, has revealed that the 650,000 barrels per day by Dangote Petroleum Refinery under construction would improve the implementation of local content policy in Nigeria.

Offshore drilling company Shelf Drilling has attained a year extension for the Trident XIV jack-up rig offshore Nigeria.

Bauchi State Governor Bala Mohammed has says there is no incidence of conflict between Bauchi and Gombe states over oil discovered in border communities of the states.

Dangote’s 650,000 Petroleum refinery has announced the completion of its pilling works, which is described as the largest in the world.

According to the Nigerian National Petroleum Corporation (NNPC), the domestic gas utilization in-country is expected to grow to five billion cubic feet of gas per day from its current 1.7 billion cubic feet of gas per day by 2022.

An indigenous operator, Prudent Energy, and Service Limited have completed the construction of a 6,000-metric tonne liquefied petroleum gas plant in Delta State.

According to reports, Forte Oil Olc is planning to delist its shares from the Nigerian Stock Exchange, NSE, following the takeover offer by Ignite Investments and Commodities Limited to other existing shareholders. Sources have revealed to Financial Vanguard that the proposed takeover bid is to enable it acquire controlling stake in Forte Oil…

Optimum Petroleum and Lekoil have reached a resolution on the appraisal and development program at the Ogo discovery located in OPL 310 block offshore Nigeria. This, is however subjected to receiving an extension of the OPL 310 license from the Ministry of Petroleum Resources for the Block and the companies securing the necessary funding for the…

Eni oil firm has made a remarkably large gas and condensate discovery in the deep parts of the Obiafu-Obrikom fields, in OML61, onshore Niger Delta.