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Seven Energy Transaction Update

Seven Energy Transaction Update

November 11, 2019 No Comments

Savannah Petroleum PLC, the British independent oil & gas company focused around activities in Niger and Nigeria, provided an update in relation to the Seven Energy Transaction (the “Transaction”). Final long-form documentation in relation to the Seven Energy Group financial restructuring (the “Financial Restructuring”) has been agreed, and either signed, held to order in escrow […]

Dangote refinery set to start operation in 2021

Dangote refinery set to start operation in 2021

November 11, 2019 No Comments

Nigeria’s Dangote refinery — set to be Africa’s biggest at 650,000 b/d plant — was expected to be ready to process crude by early 2021, officials said Monday. The plant, being built by Nigerian conglomerate Dangote Group and which will use Nigerian crude, was previously set to come on stream in 2020. But officials said […]

Helix to Deploy New Rig Offshore Nigeria

Helix to Deploy New Rig Offshore Nigeria

November 11, 2019 No Comments

Despite challenging market conditions, Sembcorp Marine reported Friday that it has delivered the Q7000 well intervention semi-submersible rig to Helix Energy Solutions Group, Inc. Jointly designed by Sembmarine and Helix, the Q7000 measures 307.1 feet (93.6 meters) in length and 200.5 feet (61.1 meters) in breadth and resembles the Q5000 the Singapore-based firm delivered to […]

Hydrocarbon survey in Bida Basin, Nigeria

Hydrocarbon survey in Bida Basin, Nigeria

November 7, 2019 No Comments

The Department of Petroleum Resources (DPR), has commenced the radiometric survey of the Bida Basin, Niger State, in line with the federal government’s aspiration to diversify hydrocarbon exploration across all Nigerian basins. Source / More : The Guardian Nigeria Oil and Gas News Undiluted !!! “Oil is well” Please email us your industry related news […]

US warns Americans Against travel to ‘high risk’ states in Nigeria

US warns Americans Against travel to ‘high risk’ states in Nigeria

November 6, 2019 No Comments

The United States of America has warned its citizens not to travel to some states in Nigeria categorised as “high-risk aeas”. In a release published by the Bureau of Consular Affairs, 14 Nigerians states were listed with a “do not travel” instruction. The release says; Reconsider travel to Nigeria due to crime, terrorism, civil unrest, […]

Nigeria: 14 Companies Bid for OML 119

Nigeria: 14 Companies Bid for OML 119

November 6, 2019 No Comments

In furtherance of the transparency agenda of the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, the corporation has publicly opened bids from 14 companies for the financing and redevelopment of Oil Mining Lease (OML) 119. OML 119 is operated by the Upstream subsidiary of the corporation, the Nigerian Petroleum […]

Nigeria Government to Support Dangote Refinery with Feedstock

Nigeria Government to Support Dangote Refinery with Feedstock

November 6, 2019 No Comments

The Federal Government has pledged to support the 650,000 barrels per day capacity Dangote Refinery and Petrochemicals Plant with crude oil feedstock and other necessary inputs to the success of the project. The Minister of State for Petroleum Resources, Chief Timipre Sylva, made this known during a tour of the Dangote Refinery being constructed by […]

GE to Digitize Dangote Cement Plants

GE to Digitize Dangote Cement Plants

October 29, 2019 No Comments

GE (NYSE: GE) and Africa’s leading cement producer Dangote Cement Plc (DangoteCement.com) signed an agreement to deploy GE’s Asset Performance Management (APM) digital solution to reduce unplanned downtime and enhance performance at its two cement plants in Obajana and Ibese, Nigeria. The project includes extending the current service agreement for an additional 50,000 operating hours […]

LUKOIL AND NNPC SIGN MoU

LUKOIL AND NNPC SIGN MoU

October 29, 2019 No Comments

President of PJSC LUKOIL Vagit Alekperov and Nigerian National Petroleum Corporation (NNPC) Group Managing Director Mele K Kyari signed a Memorandum of Understanding between the companies. Memorandum was signed today at the Russia-Africa economic forum in Sochi. According to the Memorandum, the parties intend to consider possible cooperation in the exploration, production and refining of […]

Renewal of Otakikpo Marginal Field License

Renewal of Otakikpo Marginal Field License

October 21, 2019 No Comments

LEKOIL (AIM: LEK), announce that the Otakikpo Joint Venture (the “Joint Venture” or “JV”) between Green Energy International Limited (“GEIL”) and LEKOIL (with LEKOIL as Technical Partner) has sanctioned Phase Two of the Otakikpo field development plan (as described below), following the successful completion of an independent third party competent persons report (“CPR”), and technical […]

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