Nigeria

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.

Heir Acquires 45% Stake in Nigeria’s OML

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, 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

 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 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

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

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