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Why acquisition of Mobil assets is delayed, by Seplat 

 More facts have emerged on why the planned acquisition of shallow water assets of Mobil Producing Unlimited, Nigeria (MPNU) is delayed. Seplat, an indigenous energy company, had in February sealed an agreement to acquire the entire share capital of MPNU from Exxon Mobil Corporation. The transaction, which is subject to …

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September MFOR: NNPC Records 353% Increase in Trading Surplus

The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced a trading surplus of ₦37.50billion for the month of September 2021 representing a 352% increase from the ₦8.29billion surplus in August 2021. Details of the figures contained in the September 2021 NNPC Monthly Financial and Operations Report (MFOR) indicate that the rise in …

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McDermott Awarded Mega EPCI Projects by QatarEnergy

McDermott International continues its winning streak in the Middle East with a mega offshore contract from Qatar Energy, a long standing key customer, to deliver engineering, procurement, construction and installation (EPCI) for the North Field East (NFE) Topsides and the North Field East (NFE) Offshore Pipelines and Subsea Cables projects, with an option included to also award the …

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Itsekiri Oil and Gas CDC inaugurates 72 projects

The Itsekiri Oil and Gas Producing /Impacted Communities Development Committee, IPCDC, popularly known as IRDC on Tuesday, Wednesday and Thursday November 23, 24 and 25, respectively, commissioned 72 projects worth over one billion Naira (N1,000,000,000). The projects included seventy, 2-bedroom bungalows spread across the constituent communities, a 0.6 kilometers walkway, …

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NPDC, Ogoni People Pledge Cooperation on Oil Production

    The leaders of Ogoniland in Rivers State under the auspices of the Ogoni Liberation Initiative have pledged to cooperate with the Nigerian Petroleum Development Company (NPDC) in the exploration and production of oil and gas resources in its territory. The Ogoni leaders made the pledge Tuesday at the …

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Oriental Energy Resources Announce New Managing Director

Mustafa Indimi has been appointed the new Managing Director of Oriental Energy Resources Limited, a leading indigenous oil exploration and production company in Nigeria. Mustafa takes over from Mr. Ignatius Ifelayo who served the company meritoriously for seven years. Prior to the new appointment, Mustafa was the Executive Director (Technical) …

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Enhancing Partnerships: Sonangol’s Diamond Sponsorship Reaffirms Angola Oil and Gas 2021 as the Country’s Premier Energy Conference

Sonangol has officially been confirmed as the primary sponsor of the upcoming Angola Oil and Gas (AOG) 2021 conference, taking place in Luanda on the 9th-10th of September 2021; As Diamond Sponsor, Sonangol is the official sponsor of the AOG 2021 gala dinner, an exclusive, invite-only networking event that unites private sector …

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