Nigeria | Egypt Oil & Gas - Part 3
EU Looks to Nigerian Gas to Substitute Russia Supplies
In preparation for potential Russian supply cuts, the European Union wants additional gas supplies from Nigeria, said Matthew Baldwin, deputy director general of the European Commission’s energy department, Reut...
OPEC Secretary General Muhammad Barkindo Passes Away
Nigerian authorities announced on Wednesday that the Secretary-General of the Organization of Petroleum Exporting Countries had passed away, AP reported. According to a representative for Nigeria’s petroleum min...
Egypt Signs Three MoUs for Oil & Gas Developments on First Day of EGYPS 2022
Egyptian Minister of Petroleum and Mineral Resources Tarek Molla has witnessed the signing of three memoranda of understanding (MoUs) during the first day of the EGYPS 2022 with a number of international companies aim...
Nigeria’s NNPC to Acquire Stakes in Dangote Refinery
Nigeria has 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, Timpire Sylva, Junior Oil Minister, said,...
Nigeria’s Gas Reserves jump to 206.53 tscf
Nigerian 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 the 203.16 tscf in 2019, a press release has stat...
Nigeria’s NNPC Seeks to Restore Port Harcourt Refinery in Q1
The state owned Nigerian National Petroleum Corporation (NNPC) has completed negotiations to take a loan from the Afreximbank of $1 billion for repairing its Port Harcourt refinery during the Q1 2021, sources told S&a...
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 to obtain $500 million from the signature bonus of marginal oil fields, Reuters reported. Auwalu added...
Heir Acquires 45% Stake in Nigeria’s OML
Heirs Holdings Company, in partnership with Transactional Corporation of Nigeria, announced the acquisition of a stake of 45% in Nigerian Oil License OML 17 and related assets from companies of Shell, Total and Eni th... 
