Tag Archive

Nigeria FG to Deliver Four FIDs

Nigeria FG to Deliver Four FIDs

September 12, 2019 No Comments

The Federal Government has revealed plans to deliver Final Investment Decisions (FIDs) on at least four key projects within the nation’s oil and gas industry by the end of last quarter this year. Minister of State for Petroleum Resources, Chief Timipreye Sylva, who represented the President of the Federal Republic of Nigeria disclosed this while […]

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Duke Oil relocates to Dubai

Duke Oil relocates to Dubai

September 9, 2019 No Comments

The trading arm of the Nigerian National Petroleum Corporation (NNPC), Duke Oil, is leaving London to set up in Dubai to be closer to the Asian market, which is fast becoming the main buyer of Nigeria’s crude oil. While Nigeria once sold much of its oil to the United States, the shale boom displaced that, […]

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LEKOIL gets three-year extension Extension on OPL 310 Licence

LEKOIL gets three-year extension Extension on OPL 310 Licence

September 9, 2019 No Comments

LEKOIL (AIM: LEK), the Africa-focused oil and gas exploration, development and production company, is pleased to announce that pursuant to a letter dated 4 September 2019, the Federal Government of Nigeria and the Ministry of Petroleum Resources has approved the extension of OPL 310’s (“the Block”) exploration licence for three (3) years, subject to the […]

NNPC Seeks DSS Intervention to Halt Rising Cross-Border Leakages

NNPC Seeks DSS Intervention to Halt Rising Cross-Border Leakages

September 9, 2019 No Comments

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has called on the Department of State Services (DSS) to help squelch the escalating cases of petroleum products smuggling and other allied vices which had remained a clog in the drive to achieve efficiency in the operations of the Oil and […]

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NNPC/NAOC/OANDO JV makes Significant Discovery Onshore Niger Delta

NNPC/NAOC/OANDO JV makes Significant Discovery Onshore Niger Delta

September 6, 2019 No Comments

Oando PLC (“Oando” ), through its Upstream subsidiary Oando Energy Resources (OER) announced that the NNPC/NAOC/OANDO Joint Venture (NNPC 60%, Oando 20% and NAOC the operator 20%), has made a significant gas and condensate find in the deeper sequences of the Obiafu-Obrikom fields, in OML61, onshore Niger Delta. The Obiafu-41 Deep appraisal/exploration well has reached […]

NSE Downgrades Oando To Low Priced Stock

NSE Downgrades Oando To Low Priced Stock

September 6, 2019 No Comments

The Nigerian Stock Exchange (NSE) on Thursday downgraded Oando Plc to low priced stock. The exchange said that Oando had been reclassified to low priced stock from medium-priced stock, effective from Sept. 5. “This is in compliance to Rule 15.29: Pricing Methodology, Rulebook of The Exchange, 2015 (Dealing Members’ Rules),” the NSE said in a […]

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NNPC, Navy to Deepen Collaboration to Stem Crude Oil Theft

NNPC, Navy to Deepen Collaboration to Stem Crude Oil Theft

September 5, 2019 No Comments

The Nigerian National Petroleum Corporation (NNPC) and the Nigerian Navy have pledged to deepen collaboration to tackle the menace of crude oil theft and attacks on oil and gas facilities. The two organisations came to the resolution when the NNPC GMD, Mallam Mele Kyari paid a courtesy visit to the Chief of Naval Staff, Vice […]

No Explosion on NNPC Pipeline

No Explosion on NNPC Pipeline

September 1, 2019 No Comments

Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has disclaimed reports of explosion on the Abura Crude Trunk line operated by the Corporation. The line, situated at Otu-Jeremi town in Ughelli, Delta State, which is operated by the Nigerian Petroleum Development Company (NPDC), NNPC’s Upstream subsidiary, was reported to have […]

NNPC Assures Host Communities of Sustained Partnership

NNPC Assures Host Communities of Sustained Partnership

September 1, 2019 No Comments

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has assured host communities of oil and gas installations of sustained and symbiotic engagement with the national oil company in such a way as to entrench mutually beneficial partnership with the industry. The NNPC GMD made the pledge in response to […]

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Significant gas and condensates discovery onshore Niger Delta

Significant gas and condensates discovery onshore Niger Delta

August 27, 2019 No Comments

Eni, through its affiliate NAOC (Eni 20%, operator, NNPC 60%, Oando 20%) has made a significant gas and condensate find in the deeper sequences of the Obiafu-Obrikom fields, in OML61, onshore Niger Delta. The Obiafu-41 Deep well has reached a total depth of 4.374 m encountering an important gas and condensate accumulation within the deltaic […]

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