Nigeria | Egypt Oil & Gas

Nigeria’s Production Decline Due to the Shutdown of Onshore Operations

Nigeria’s government data has shown that its oil production continued to fall down during September due to a halt in onshore production, Bloomberg reported.

Nigeria’s Buhari Approves Seplat’s Purchase of ExxonMobil’s Nigeria Unit

According to a statement released by the Nigerian government, Nigeria’s President Muhammadu Buhari has approved Seplat's purchase of ExxonMobil's Nigerian subsidiary, Reuters reported.

TotalEnergies Announces Start of Production at the Ikike Field in Nigeria

It is announced that TotalEnergies, the operator of the OML99 field (40%) and the Nigerian National Petroleum Corporation (NNPC, 60%) have started production at the Ikike field in Nigeria.

EU Looks to Nigerian Gas to Substitute Russia Supplies

In preparation for potential Russian supply cuts, the European Union wants additional gas supplies from Nigeria, said Matthew Baldwin, deputy director general of the European Commission's energy department.

OPEC Secretary General Muhammad Barkindo Passes Away

Nigerian authorities announced on Wednesday that the Secretary-General of the Organization of Petroleum Exporting Countries had passed away.

Egypt Signs Three MoUs for Oil & Gas Developments on First Day of EGYPS 2022

Egyptian Minister of Petroleum and Mineral Resources Tarek Molla has witnessed the signing of three memoranda of understanding (MoUs) during the first day of the EGYPS 2022 with a number of international companies ...

Nigeria’s NNPC to Acquire Stakes in Dangote Refinery

Nigeria granted its state oil firm, the Nigerian National Petroleum Corp's (NNPC), an approval to acquire around 20% of Dagnote oil refinery stake for $2.76 billion.

Nigeria’s Gas Reserves jump to 206.53 tscf

The Department of Petroleum Resources (DPR) stated that Nigeria has recorded gas reserves amount to 206.53 trillion standard cubic feet (tscf) in 2020 compared to 202 tscf in 2019.

Nigeria’s NNPC Seeks to Restore Port Harcourt Refinery in Q1

The state owned Nigerian National Petroleum Corporation has completed negotiations to take a lone from the Afreximbank of $1 billion for repairing its Port Harcourt refinery during the Q1 2021.

Nigeria to Obtain $500 MM Signature Bonuses from Marginal Oil Fields

The Nigerian Head of the Department of Petroleum Resources (DPR), Sarki Auwalu, said that he expected that Nigeria will obtain $500 million from the signature bonus of marginal oil fields.

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