Nigeria

  • Nigeria’s NNPC to Acquire Stakes in Dangote Refinery

    Nigeria’s NNPC to Acquire Stakes in Dangote Refinery

    Thursday, 5th August 2021

    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

    Nigeria’s Gas Reserves jump to 206.53 tscf

    Sunday, 13th June 2021

    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

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

    Thursday, 18th February 2021

    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

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

    Monday, 8th February 2021

    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.

  • Heir Acquires 45% Stake in Nigeria’s OML

    Heir Acquires 45% Stake in Nigeria’s OML

    Sunday, 17th January 2021

    Heirs Holdings Company announced it has acquired of in partnership with Transactional Corporation of Nigeria a stake of 45% in Nigerian Oil License OML 17 and related assets from companies of Shell, Total and Eni through TNOG Oil and Gas limited.

  • Nigeria to Embark on Mini-Refineries Project

    Nigeria to Embark on Mini-Refineries Project

    Wednesday, 25th November 2020

    Nigeria, Africa’s top oil producer, has given the green light to construct a series of mini-plants with the government licensing a total of 40 mini-refineries in an effort to help end its dependency on fuel imports.

  • Egypt, Nigeria to Boost Ties in Mining Field

    Egypt, Nigeria to Boost Ties in Mining Field

    Wednesday, 18th November 2020

     Tarek El Molla, Minister of Petroleum and Mineral Resources, met with Nigeria’s Minister of State for Mines and Steel Development, Uchechukwu Sampson Ogah, to improve cooperation in the field of mining and collaborate on proposed joint projects between the two countries.

  • SEPLAT, NNPC Start Work on $700 MM Natural Gas Project in Nigeria

    SEPLAT, NNPC Start Work on $700 MM Natural Gas Project in Nigeria

    Monday, 16th November 2020

    SEPLAT Petroleum Development Company (SEPLAT) is set to initiate work on the construction of a $700 million gas plant at Assah, encouraging rural development and create jobs.

  • NNPC, FIRST Commence Oil Production at Nigeria’s Anyala Field

    NNPC, FIRST Commence Oil Production at Nigeria’s Anyala Field

    Wednesday, 4th November 2020

    The Nigerian National Petroleum Corporation (NNPC) and FIRST Exploration and Petroleum Development Company (FIRST) Joint Venture (JV) has announced the commencement of oil production from the Anyala West oil field.

  • Nigeria Submits Long-Awaited Oil Reform Bill

    Nigeria Submits Long-Awaited Oil Reform Bill

    Tuesday, 29th September 2020

    Nigeria has finally produced an oil bill to modernize Nigeria’s oil sector and de-nationalize the Nigerian National Petroleum Company (NNPC).