Nigeria to Offer 56 Fields in Bidding Round
Nigeria’s Minister of State for Petroleum Resources, H.E. Timipre Sylva, has earned President Muhammadu Buhari’s approval to schedule a bidding round for the country’s marginal fields and may launch in …
Iron Capital announces partnership with Australian Government
Iron Capital, an Africa-focused corporate finance and financial advisory firm, has announced partnership with the Australian Government, through the Australian Trade Commission (Austrade). The new partnership allows Austrade, the trade …
NNPC Will No Longer Run Refineries – Kyari, Says Fuel Subsidy Removal for Benefit of Ordinary Nigerians
The Nigerian National Petroleum Corporation (NNPC) will no longer be involved in the management of the nation’s refineries after their rehabilitation, Group Managing Director of NNPC, Mallam Mele Kyari, said …
Nigeria Revokes Eleven Oil Mining Licenses
The Nigerian Government has revoked Oil Mining Licences (OML) of 11 oil and gas companies operating in the Marginal Fields. The Guardian reports that the affected companies include Movido–Ekeh, Goland …
NEPZA, World Bank, IFC Partner To Attract FDIs To Free Zones
The Nigeria Export Processing Zones Authority (NEPZA) said its new partnership with the World Bank and the International Financial Corporation (IFC) in the area of infrastructural development of free trade …
Dangote proposes solution to check gas-flaring in Nigeria
Dangote Industries Limited on Sunday promised that its ongoing subsea gas pipeline project would on completion, cut the amount of flared gas in the country considerably while delivering gas supply …
AfDB signs $200m for Nigeria’s power transmission projects
The African Development Bank has signed for the release of $200m (about N61.2bn) to Nigeria for the expansion of the country’s power transmission infrastructure. It was gathered in Abuja on …
NCDMB, Shell sign deal on Bayelsa gas facility
The Nigerian Content Development and Monitoring Board has announced the signing of an agreement with Shell Nigeria Gas for the lease of one hectare of its land at Polaku, Bayelsa …
NNPC to begin gas pipeline construction by Q2 2020
The Nigerian National Petroleum Corporation (NNPC) has disclosed that the construction of the Ajaokuta-Kaduna-Kano gas pipeline would commence in the second quarter of 2020. The corporation’s Group Managing Director, Mallam …
Saipem ‘beats all targets’ for 2019 as it swings back to profit
The Italian oilfield services firm posted a pre-tax profit of £191million for the 2019 financial year, up from a loss of £180m the previous year. Meanwhile net debt, excluding that …