The 161 companies selected as winners of interests in the 57 marginal fields on offer in the country’s second marginal field bid round have been issued the third letter in the series of correspondences the Department of Petroleum Resources (DPR) has apparently been sending to them.
Maersk Drilling has been awarded a contract to provide Maersk Resolute harsh-environment jack-up rig to drill one well in the Dutch North Sea.
Investors are calling for clarity on fiscal terms before they can commit their capital to gas development projects across Nigeria.
As oil companies move to optimise their portfolios, the Nigerian oil and gas sector is likely to see more asset divestments, says the Society of Petroleum Engineers Nigeria Council.
Seplat has described its gas business as a strong catalyst for sustainable development in Nigeria. According to the company. this drive is a revolution, indicating that the direction is laudable and highly rewarding to Nigerians and the economy at large.
As part of measures adopted to strengthen the currency and by extension the nation’s economy, the Federal Government has concluded plans to sell crude oil to the $15 billion Dangote Refinery in Naira. Inspecting the ongoing construction of the Dangote Refinery, Petrochemicals Complex Fertiliser Plant, and Subsea Gas Pipeline project at Ibeju…
The Shell Petroleum Development Company of Nigeria Limited is making moves to increase economic activities for gas-based industrialization of the country using the nation's proven gas reserves.
LEKOIL, has announced that Mayfair Assets and Trusts has received a letter from Optimum Petroleum Development Company, the Operator of the OPL 310 Licence, proposing to terminate the Cost and Revenue Sharing Agreement (‘CRSA’) executed for OPL 310. The oil and gas exploration and production company with a focus on Nigeria and West Africa,…
The licensing of more modular refineries to come on stream would put an end to the problem of product scarcity in the country, the Department of Petroleum Resources has said, as it plans to license more of such refineries.
The National Assembly has been called to properly address and review the issue of oil blocs allocation in the new Petroleum Industry Bill. A former Minister of Lands, Housing and Urban Development, Chief Nduese Essien, made the call recently saying that the bill should also clearly define the status of the host community adding that failure to…