By Kunle KalejayeNigeria, the largest Oil producer in Africa is set to be overtaken by Angola the continents second largest producer of Oil by 2016.The International...
LAGOS-The Aiteo Group-led consortium has acquired Shell’s equity shares in oil mining lease (OML) 29 for $2.7 billion which the company has just divested from. The...
By Josephine ADAMA ABIDJAN– Ivory Coast will seek investors in its available offshore oil acreage, including seven new ultra-deep water blocks in the Gulf of Guinea,...
HOUSTON– Exxon Mobil Corp has seen some of its oil and gas activities in West Africa disrupted by the Ebola outbreak, including plans to drill offshore...
Royal Dutch Shell plc announced Wednesday the commencement of first oil from the Gumusut-Kakap floating platform, located in water depths up to 3,900 feet (1,200 meters)...
The Management of the Nigerian National Petroleum Corporation (NNPC), has raised the alarm over the circulation of fake letters of authorization purportedly from the NNPC to...
LAGOS-The Independent Petroleum Marketers Association of Nigeria (IPMAN) acquired more than 1,000 hectares in Kogi and Bayelsa for the proposed three billion Dollars (N495 billion) refineries, Chinedu...
The upstream sub-sector of the Nigerian oil and gas industry has received a major boost as the long-awaited $3.5 billion floating, production, storage and offloading (FPSO)...
PORTHARCOURT-President Goodluck Jonathan has commissioned the 4th phase of the Onne Oil and Gas Free Trade Zone (OGFTZ), near Port Harcourt, Rivers State, which has attracted...
Italian prosecutors investigating state-backed firm Eni SpA over the purchase of a Nigerian oil field three years ago, allege that at least half of the $1.1...
