Oil & Gas

NNPC harvests bids from 96 firms for downstream rehabilitation contract

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: Shareholders approve board resolutions

Total, Apache Corporation made an oil discovery in Block 58 off the coast of Suriname

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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BREAKING: NNPC seeks support to tackle oil theft in Nigeria

NNPC restates commitment to OPEC+ Agreement

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 Nigeria Makes Big Comeback, Presents Shareholders New Deal

LEKOIL appoints Tennyson Securities as Joint Broker

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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ENVIRONMENT: Shell records first oil spill in July 20

OIL SPILL: How Shell recorded 10 incidents in December 2020

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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Nigeria’s Bonny Light price hits $74.38 per barrel

JUST IN: Bonny Light surges towards $56 per barrels on OPEC oil cut

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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Asharami Energy appoints Menkiti as COO to drive enhanced production target

Asharami Energy appoints Menkiti as COO to drive enhanced production target

Asharami Energy appoints Menkiti as COO to drive enhanced production target   Asharami Energy, a Sahara Group Upstream Company, has appointed Henry Menkiti as its Chief Operating Officer to boost ongoing expansion projects aimed at delivering the company’s ambitious production target over the next few years. Henry’s appointment took effect on the 8th December 2020.

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BonnyLight and Offshore Limited supplies 20,000 MT to market in Nigeria  

Bonny Light Energy and Offshore Limited supplies 20,000 MT of diesel to market in Nigeria  

Bonny Light Energy and Offshore Limited supplies 20,000 MT of diesel to market in Nigeria WITH 20,000 MT AGO BonnyLight Energy and Offshore Limited, a wholly indigenous petroleum downstream and an emerging player in product storage, marketing, and distribution of petroleum products and other related services have announced the supply of 20,000.00 MT of Premium

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