Nigeria has joined other oil-producing companies in ramping up oil production despite low demand caused by COVID-19.
The Oil Mining Licenses (OML) of 11 oil and gas companies operating in the marginal oil field in Nigeria have been revoked by the Federal Government.
A report showing how Seplat Petroleum Development Company Limited plans to stay in business this year has emerged. BusinessDay carried out an analysis of the company’s 2019 financial result which reveals how the company plans to stay in business this year.
The Nigerian National Petroleum Corporation (NNPC) is to expand its domestic gas footprint with the delivery of the Escravos-Lagos Pipeline System (ELPS) II to double capacity from 1.1 billion standard cubic feet of gas to 2.2 BSCF.
The Department of Petroleum Resources (DPR) has officially handed over the control of the Oil Mining Licence (OML) 98 to the Nigerian Petroleum Development Company (NPDC), the upstream unit of the Nigeria National Petroleum Corporation (NNPC).
Aquaterra Energy has been awarded a contract to design and support the installation of a conductor supported platform (CSP) offshore Angola by Chevron subsidiary Cabinda Gulf Oil Co. Ltd. (CABGOC).
The Minister of State for Petroleum Resources, Chief Timipre Sylva alongside other officials recently held a strategic meeting with the Assistant Secretary, US Department of State’s Bureau of Energy Resources, Frank Fannon,
The group Managing Director, Nigerian National Petroleum Corporation (NNPC), Mele Kyari, has said that the country is fully compliant with the quota for crude under the Organization of Petroleum Exporting Countries (OPEC) agreement, with its quota of 1.77 million barrels per day in December.
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.