The attention of Chevron Nigeria Limited (“CNL”), operator of the joint venture between the Nigerian National Petroleum Company Limited (“NNPC”) and CNL, has been drawn to reports widely circulated in the media on April 5, 2022 alleging that CNL is one of the partners hindering full operation of the Nigeria Liquefied Natural Gas (“NLNG”) by […]
CNL reiterates commitment to Nigeria’s economic development Read More »
Heritage Oil Limited, the Jersey-headquartered international oil and gas producer and explorer, has appointed international banker and asset manager, Michele Faissola, to its Board of Directors. Mr Faissola joins the board in July 2018, as the company plans to expand its operations and opportunities. It currently produces oil and gas in Nigeria and holds exploration
Heritage Oil appoints Michele Faissola to the Board of Directors Read More »
The Federal Inland Revenue Service has named Shell as a “leading tax compliant organisation in Nigeria for 2021.” At an award ceremony in Abuja last week as part of the second annual National Tax Dialogue, Shell companies in Nigeria also won the award for ‘remarkable performance in the remittance of various taxes’ in the same
Shell emerges leading tax compliant company Read More »
Helios Investment Partners (“Helios”), the Africa-focused private investment firm, acting on behalf of funds it advises, and Sojitz Corporation (“Sojitz”), one of the leading conglomerate investment and trading houses listed on the Tokyo Stock Exchange, announce the completion of the sale by Helios of a 25% interest in the holding company of Axxela, the largest
Axxela welcomes Sojitz Corporation as a new investor Read More »
Stakeholders at the recently concluded tour of the Board’s projects, partnerships and initiatives in the Niger Delta region have commended the Nigerian Content Development and Monitoring Board (NCDMB) for demystifying the establishment of modular refineries in the country. The stakeholders gave their commendations after visiting the 5000 barrels per modular refinery established by Waltersmith Refining
Stakeholders laud NCDMB on Modular Refinery Investments Read More »
LEKOIL, the oil and gas exploration and production company with a focus on Nigeria and West Africa, notes the announcement from Lekoil Nigeria, dated 1 April 2022, offering to purchase the OPL 310 loan and to repay the outstanding amount under the Savannah Energy Investments Limited Convertible Facility Agreement (Savannah” and “Savannah CFA). The Company
Lekoil Nigeria offer to purchase OPL 310 Loan and CFA 2 outstanding amount Read More »
Chevron Nigeria Limited (CNL), operator of the joint venture between the Nigerian National Petroleum Company Limited (NNPC) and CNL (NNPC/CNL JV), and Star Deep Water Petroleum Limited (STAR), a Chevron company and operator of the Agbami field, have both been honoured by the Federal Inland Revenue Service (FIRS) with top tax compliant organization awards. The
Chevron wins two FIRS Awards for Tax Compliance Read More »
TotalEnergies and Sempra are expanding their North American strategic alliance with the signing of two Memorandums of Understanding (MoU): one for the Vista Pacífico LNG export project in Mexico and the other for the co-development of several onshore and offshore renewables projects. The Vista Pacífico LNG project is planned to be a mid-scale facility on
COMMUNIQUE MOMAN, Energy Correspondents Workshop Series – March 2022 James Gooder, Vice President, Crude and African Markets, Argus Media: • Oil prices hit near 14-year highs – The Russia-Ukraine conflict has supercharged existing upward market momentum. – Recovering global demand and constrained OPEC + output, low stocks and high refining costs have all played a
Why Nigeria is exposed to import parity prices—Gooder Read More »
By Eyo Nsima The continuing oil market fundamentals and the consensus on the outlook have pointed to a well-balanced market, according to the Organisation of Petroleum Exporting Countries, OPEC and non-OPEC Ministers. Following the conclusion of the 27th OPEC and non-OPEC Ministerial Meeting, held via videoconference on March 31, 2022, OPEC and non_OPEC ministers, noted
OIL: Consensus on the outlook points to a well-balanced market Read More »
