Officials at the Nigerian National Petroleum Company (NNPC) stated that NNPC and the Federal Government joint venture with Niger Republic will run crude oil pipeline that will provide oil to the Kaduna Refining & Petrochemical Company (KRPC) plant.
Nigeria's anti-corruption body seized $9.8m in cash from the former Head of the Nigerian National Petroleum Corporation (NNPC), Andrew Yakubu, as part of the country's continuous struggle against corruption.
Total intends to make final investment decision on 10 oil and gas production projects in the next 18 months in various countries including Nigeria, Angola.
ADUS DeepOcean and DeepOcean Ghana Ltd. recently completed an innovative deepwater subsea 3D laser survey off the West Coast of Africa for Tullow Oil, the first extensive commercial survey of its kind, heralding a new era of high resolution.
French oil major Total plans to make a final investment decision (FID) on a $2b gas project in Iran by the summer, but the decision hinges on the renewal of US sanctions waivers.
The technical teams of the Iraqi government-owned North Oil Company, civil defense, and military engineers have managed to extinguish fire in the No. 70 well in Qayyara oilfield in Iraq's northern province of Nineveh.
New York based investment bank, Moelis & Co, has been chosen as the sole independent adviser for the planned initial public offering (IPO) of Saudi Aramco.
Four African countries sharing the Lake Tanganyika basin are meeting in mid February in the Democratic Republic of Congo to discuss a joint exploration of oil and gas in the area.