Nigeria | Egypt Oil & Gas - Part 26
Helios Investments Buys Stake in Oando Gas and Power
Oil and gas group Oando has sold 49% of its midstream business subsidiary, Nigeria’s Oando Gas and Power (OGP), for $115.8m, to Helios Investment Partners LLP, a premier Africa-focused private investment firm, N...
Dangote Refinery Eyes Lagos Crude
Dangote Industries’ Executive Director, Mr. Devakumar Edwin, said that the recent discovery of oil in Lagos State in commercial quantity is a good sign for the development of the oil and gas industry in the coun...
Militants Attacked a Crude Delivery Line in Nigeria
The Niger Delta Greenland Justice Mandate blew up the Afiesere – Ekiugbo delivery line, a major crude oil shoreline belonging to the Nigerian Petroleum Development Company (NPDC) in Ughelli, Delta State. The spokesman...
Nigeria Seeks $10b is Petroleum Assets Sale
The Governor of the Central Bank of Nigeria, Godwin Emefiele, stated that Nigeria will sell off some of the Nigerian National Petroleum Corporation’s (NNPC) and Nigeria LNG Limited’s (NLNG) oil and gas ass...
Nigeria Spends $7b on Fuel Subsidies
International Institute of Petroleum’s CEO and a former executive at the Nigerian National Petroleum Corporation (NNPC), Tim Okon, declared that Nigeria spent an estimated b as subsidy on petroleum products out ...
Lekoil to Produce 10,000b/d from Oil in Nigeria’s OML 11
Lekoil Limited , an exploration and production company with interests in Nigeria and Namibia, has declared the successful well tests of C5 and C6 zones in the Otakikpo Marginal Field in Oil Mining Lease (OML) 11 in Ni...
Siemens Developed Oil, Gas Repair Facility in Nigeria
Siemens Limited Nigeria has inaugurated a new $3.35m facility in Port Harcourt to increase local capacity in the Nigerian oil and gas industry. The facility was equipped to repair and overhaul highly sophisticated equ... Nigeria Lost 130,000b/d of Crude Output in August
Nigeria suffered the biggest decline among members of the Organization of Petroleum Exporting Countries (OPEC) during August. The organization’s monthly oil market report for September showed that Nigeria’s crude oil ...
