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.

Ezion Gerber, Subsea Solutions to Collaborate on Future Nigerian Projects 

Engineering, procurement, construction, and installment (EPCI) company, Ezion Gerber Energy, has entered into a contract with Norwegian company, Connector Subsea Solutions, for future offshore projects in Nigeria. ...

McDermott Awarded Contract in Nigeria

McDermott International was awarded a large engineering and procurement (EP) contract from Azikel Petroleum for the modular 12,000 barrels of oil per day (bbl/d) Hydro-Skimming Refinery project in Nigeria.

Lekoil, Schlumberger Sign Contract for Otakikpo Field Development

The oil and gas exploration and production company LEKOIL Oil and Gas Investments Limited (LOGL) has agreed to partner with Schlumberger for the next phase of the Otakikpo marginal field development in Nigeria.

Nigeria Begins Oil Exploration in Eight Areas

The Nigeria National Petroleum Corporation (NNPC) begins oil exploration in eight of the 25 local government areas in Niger State, with Nigeria’s reserves expected to increase to 40 billion barrels by 2023.

Zenith Energy Enters into Bidding Round in Nigeria

The international oil and gas company, Zenith Energy, announced the company’s participation in Nigeria’s 2020 bidding round for marginal oil and gas fields organized by the Nigerian Department of Petroleum Resourc ...

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