Oil & Gas

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 […]

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

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

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

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