Nigeria | Egypt Oil & Gas - Part 2

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 ...

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 import ...

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 collab ...

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).

Shell Looking to Cut Production Costs by up to 40%

Royal Dutch Shell is looking to slash up to 40% off the cost of oil and gas production in order to invest heavily in the energy transition.

Zenith Energy Enters Nigerian Bidding Round 

International oil and gas production and exploration company, Zenith Energy, has submitted a bid in Nigeria’s most recent 2020 marginal field round.

Nigeria Pays $14 MM for Fuel in June, Despite Subsidy Removal

Nigeria’s state-owned oil company, Nigerian National Petroleum Corporation (NNPC), recorded a $14 million cost for fuel in June, months after it changed its pricing method in an effort to eliminate subsidies.

Nigeria to Present New-look Gas Bill to Boost Output, Attract Investment

Nigeria’s oil ministry is set to release its long-awaited oil and gas reform bill to the president in an effort to boost output and attract foreign investment.

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