Sirius Petroleum agrees takeover deal for Nigerian oilfield

Tuesday, February 23rd, 2010

Sirius Petroleum has agreed a deal that brings it back into line with AIM rules by signing an acquisition and joint operating agreement with Del Sigma Petroleum Ltd over the ...


IOCs Sell Oil Fields to Nigerian outfit

Saturday, January 30th, 2010

The Shell Petroleum Development Company of Nigeria Limited, Total Explor-ation and Production Limited and Nigeria Agip Oil Company have reached an agreement to jointly transfer 45 per cent stake in ...


ONGC Mittal Drills Nigerian Offshore Oil Block 279

Thursday, January 28th, 2010

ONGC Mittal Energy Ltd., the joint venture between India’s ONGC Videsh Ltd. and Mittal Investments, started exploration drilling in Nigeria’s deep-water Block 279. The venture plans to complete drilling by ...


India to invest $350 million in Nigerian oil blocks

Wednesday, January 27th, 2010

India has expressed its keenness to expand its investment in Nigeria, particularly in the energy sector. “India will invest $350 million in developing two oil blocks in the country, besides ...


Oyo Pumps First Oil Offshore

Tuesday, January 5th, 2010

Allied Energy and Eni, through its affiliate Nigerian Agip Exploration, have started up production from the Oyo oil field, located in the Niger Delta Deep offshore, about 75 kilometers off ...


KNOC approaches the Nigerian government

Friday, November 13th, 2009

Korea National Oil Corp. (KNOC)approached the Nigerian government about an out-of-court settlement in a dispute over the cancellation of its oil-exploration rights in the country, the government said. The offer was made ...


Government making “adjustments” to oil reform bill

Wednesday, November 11th, 2009

Nigeria is in talks with the international oil companies (IOCs) with a view to making some "adjustments" to the proposed oil reform law before the parliament, a senior official said ...


Oil News from around the web, US crude rose $1.28 cents to $71.90 by 1122 GMT after falling below $70 earlier in the day. London Brent crude rose $1.37 to $71.61

Tuesday, June 16th, 2009

The Chinese National Petroleum Corp. announced plans to begin drilling operations at the Azadegan oil field in Iran, one of the largest in the world. CNPC said it signed a $2 ...


Oil News, w/e 25/02, NNPC Seeks $1.7bn Loan, China’s deep-water gas discovery ,Kuwaiti oil firm invests in Indonesia

Wednesday, February 25th, 2009

- NNPC Seeks $1.7bn Loan Nigeria’s quest for increased gas output to power electricity got a boost yesterday with the signing of a $1.69 billion loan agreement between the Nigerian National ...


Daily Oil Newsbite, ONGC bags two Nigerian oil blocks

Monday, February 2nd, 2009

Nigerian oil workers threaten to stop oil export over suspected corruption Nigerian oil workers in the Department of Petroleum Resources (DPR) has  vowed to shut down Nigeria's 21 crude oil export ...


Gazprom and Nigerian National Petroleum Corporation sign Memorandum of Understanding

Monday, September 8th, 2008

Today Alexey Miller, Chairman of the Gazprom Management Committee and Abubakar Yar'Adua, Group Managing Director of the Nigerian National Petroleum Corporation signed a Memorandum of Understanding at the Gazprom Headquarters. The ...


Oil News Highlights June 19

Friday, June 20th, 2008

>>Nigerian militants responsible for the bombing of oil pipelines and the kidnapping of foreign workers in the Niger Delta said on Tuesday they would not take part in a peace ...


Oando Gas and Power Wins Second Nigerian Gas Awards

Monday, May 12th, 2008

Oando Gas and Power, a subsidiary of Oando PLC, Nigeria’s leading integrated energy group, has won the Gas Corporate Award (Downstream) for 2008 as the Best Gas Company operating in ...


Syntroleum Announces Final Payment for Sale of Nigerian Assets

Wednesday, March 5th, 2008

TULSA, Okla.--(BUSINESS WIRE)--March 4, 2008--Syntroleum Corporation (NASDAQ: SYNM) today announced that on March 3, 2008, Syntroleum Corporation received a payment of $5,765,894 from African Energy Equity Resources Limited ("AEER") representing ...


Syntroleum Announces Final Payment for Sale of Nigerian Assets

Tuesday, March 4th, 2008

TULSA, Okla.--(BUSINESS WIRE)--Syntroleum Corporation (NASDAQ: SYNM) today announced that on March 3, 2008, Syntroleum Corporation received a payment of $5,765,894 from African Energy Equity Resources Limited (“AEER”) representing full and ...


Nigerian Deep Offshore: Launch of Usan Project

Thursday, February 28th, 2008

Feb. 28, 08 Total announces that its wholly-owned subsidiary Elf Petroleum Nigeria Limited (EPNL) has obtained the required approvals from the Nigerian ...


Oando acquires two Nigerian oil mining leases from Shell for USD$625 million

Monday, February 25th, 2008

 25th February 2008  Oando PLC has acquired Shell Nigeria Exploration and Production’s 49.8% stake in two oil Blocks, namely OML 125 and OML 134. The two deepwater blocks offshore Nigeria were ...


Research and Markets: Usan Remains One of the More Attractive Deepwater Developments from the Point Of View of NNPC and the Nigerian Government

Tuesday, February 5th, 2008

DUBLIN, Ireland--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/reports/c81760) has announced the addition of OPL 222 (Usan and Ukot Fields) Asset Analyis (Nigeria) 2007 to their offering. Summary OPL 222 is located in the ...


UOP Technology Licensed to Eurochem to Convert Methanol to Olefins in New Nigerian Petrochemicals Plant

Wednesday, January 30th, 2008

First commercial-scale plant to use UOP technology to produce olefins from methanol derived from natural gas DES PLAINES, Ill.--(BUSINESS WIRE)--UOP LLC, a Honeywell (NYSE:HON) company, announced today that Viva Methanol Limited, a ...


Research and Markets: Nigerian National Petroleum Corporation Strategic Analysis Profile Available Now

Wednesday, January 30th, 2008

DUBLIN, Ireland--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/reports/c81156) has announced the addition of “Nigerian National Petroleum Corporation Strategic Analysis Profile” to their offering. This profile is an essential source for data, analysis and ...