SPDC completes sale of an interest in OML 17 The Shell Petroleum Development Company of Nigeria Limited (SPDC), has completed the sale of its 30% interest in Oil Mining Lease (OML) 17 in the Eastern Niger Delta, and associated infrastructure, to TNOG Oil and Gas Limited, a related company of Heirs Holdings Limited and […]
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OIL & GAS EXPLORATION: Nigeria’s rig count drops by 58.8 % to 7 By Eyo Nsima The Organisation of Petroleum Exporting Countries, OPEC, has put Nigeria’s rig count, a major index of measuring oil and gas exploration and production in December 2020 at seven. This showed a drop of 58.8 per cent, when
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OPEC Daily Basket – January 14, 2020 OPEC daily basket price stood at $55.19 a barrel Thursday, 14 January 2021, compared with $55.81 the previous day https://www.opec.org/opec_web/en/press_room/6291.htm
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Total, 174 Power Global to develop solar and energy storage projects in the United States Total and 174 Power Global, a wholly-owned Hanwha Group affiliate, have signed an agreement to form a 50/50 joint venture (JV) to develop 12 utility-scale solar and energy storage projects of 1.6 gigawatts (GW) cumulative capacity in the United States, transferred
NNPC harvests bids from 96 firms for downstream rehabilitation contract Buoyed up by the culture of Transparency, Accountability and Performance Excellence (TAPE) of the current NNPC management, no fewer than (96) prominent and reputable companies from various jurisdictions have indicated an interest in undertaking the rehabilitation of the Nigerian National Petroleum Corporation’s (NNPC) downstream infrastructure
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Total, Apache Corporation made an oil discovery in Block 58 off the coast of Suriname Total and Apache Corporation have made a new significant oil and gas discovery at the Keskesi East-1 well, in Block 58 off the coast of Suriname. This follows previous discoveries at Maka Central, Sapakara West, and Kwaskwasi. The well was drilled
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NNPC restates commitment to OPEC+ Agreement The Nigerian National Petroleum Corporation (NNPC) has reiterated its commitment to abide by the output cut agreement of the Organization of the Petroleum Exporting Countries (OPEC) and its allies aimed at stabilizing the global oil market. The Group Managing Director of NNPC, Mallam Mele Kyari, stated this Wednesday while
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LEKOIL appoints Tennyson Securities as Joint Broker LEKOIL, the oil and gas exploration and production company with a focus on Nigeria and West Africa, has appointed Tennyson Securities to act as the Tennyson Securities to act as the Company’s Joint Broker alongside SP Angel Corporate Finance LLP with immediate effect. In a statement obtained by
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OIL SPILL: How Shell recorded 10 incidents in December 2020 As oil theft and illegal refining continue in the Niger Delta, Shell Petroleum Development Company, SPDC, has recorded 10 oil spill incidents in December 2020, indicating a drop of five when compared to 15 recorded in November. Specifically, the incidents, which Shell attributed to sabotage
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JUST IN: Bonny Light surges towards $56 per barrels on OPEC oil cut By Eyo Nsima The price of Nigeria’s Bonny Light has surged to $55.95 per barrel, just 5 cents behind $60 per barrel in the international oil market as the Organisation of Petroleum Exporting Countries, OPEC, and others intensify efforts in their oil
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