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Forte Oil considers delisting from NSE as takeover stalls

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, Lekoil progressing towards two-well program at Ogo discovery

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…

NNPC plans to increase gas output in Nigeria

The Nigerian National Petroleum Corporation (NNPC) has increased their pursuit for investments as the body declared plans to surge the gas output for the country to three billion standard cubic feet (scuf) daily.

Kolmani river looks positive as NNPC  run DST’s

The Nigerian National Petroleum Corporation has awarded Halliburton a contract to run Drill Stem Tests (DST’s) and tubing conveyed perforation(TCP) on the Kolmani river, in Bauchi as is shows positive results.

NNPC seeks partnership with China to boost crude oil reserves

The Nigerian National Petroleum Corporation, NNPC has said that strategic partnership and new investments in the upstream petroleum sector are essential for the actualization of the nation’s crude oil reserves and 3 million barrels per day oil production target by 2023.
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