Nigeria | Egypt Oil & Gas - Part 5
Nigeria Begins Oil Exploration in Eight Areas
The Nigeria National Petroleum Corporation (NNPC) has begun 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, accordi...
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 Resources (... Nigeria Under Producing to Make up for Poor Compliance
Nigeria’s State-owned Nigerian National Petroleum Company (NNPC) chief, Mele Kyari, has announced in an online conference that current daily oil production over complies with its promised cuts in the OPEC+ agreement, ... Nigeria Begins Licensing Round for Marginal Oilfields
Nigeria has launched its first bid round for marginal oilfields for the first time since 2002 despite some legal complications, Reuters has reported. According to the Department of Petroleum Resources (DPR), payment b...
NLNG Pays $13 B for Gas Purchase
Nigeria LNG Limited (NLNG) has paid over $13 billion to the Federal Government for feed-gas purchase since the inception of its operations, the company said on Twitter. NLNG has also paid over $7 billion in dividends ...
Nigeria Reduces Oil Production by 23%
Nigeria, Africa’s top crude exporter, has curtailed oil production by 23% to bring the country in line with the Organization of the Petroleum Exporting Countries (OPEC) production cuts, according to Reuters. “The cut...
Nigeria’s Duke Oil to Move to Dubai
Duke Oil, a subsidiary of Nigerian National Petroleum Corporation (NNPC), is reportedly shutting down operations in the UK and leaving London to set up a new office in Dubai, Reuters reported. Proximity to other Asian...
Morocco, Nigeria Discuss African Gas Pipeline
The Moroccan-Nigerian gas pipeline committee held a meeting with major international oil and gas companies operating in Nigeria to discuss the conditions and details of supplying the gas pipeline project, Asharq Al-Aw...
