Oil & Gas

 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 …

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 …

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 …

Managing Director, Shell Nigeria Gas & President Nigerian  Gas Association , Ed Ubong has called for urgent strategy to grow Nigeria’s capacity in the gas sub-sector. This, according to him, would ensure that gas is used to spur industrial development across all parts of the country. “We need to begin the …

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, …

  Esimaje Brikinn, General Manager, Policy, Government and Public Affairs (PGPA), Chevron Nigeria Limited has stressed the importance of transparency and accountability as part of the corporate governance for community development. The oil and gas chief, who was represented by Kayode Adeboye, communications coordinator, said this in his address at …

Aiteo Eastern Exploration and Production Company (AEEPCO), operator of the NNPC /Aiteo Joint Venture on OML 29 on Friday, November 5, 2021, reported an oil spill from a non-producing well head in its Santa Barbara South field, in Nembe Local Government Area of Bayelsa State. The magnitude of this incident …

    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 …

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) …

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 …