Nigeria has ceded control of one of the richest oil blocs on the continent - the Oil Prospecting License 245 bloc (OPL 245) and the country is to prosecute oil giants Royal Dutch Shell and Italian Eni in a corruption ...
General Electric Co (GE) has proposed investing in Nigeria's oil refineries, potentially convening a consortium of companies to improve capacity at the run-down facilities.
The Ministry of Petroleum and Mineral Resources asked the Central Bank of Egypt (CBE) to provide $270m per month to import 1.4bcf/d of gas starting from June.
The Nigerian National Petroleum Corporation (NNPC), Total, and Eni will meet early January to discuss the $15b Brass Liquefied Natural Gas (LNG) project located on Brass Island, Bayelsa State,.