Nigeria | Egypt Oil & Gas - Part 51
South Africa’s SacOil Ends Nigeria JV Due To Weak Oil Prices
South Africa's SacOil Holdings has ended its joint venture with Nigeria's Nigdel United Oil Company and abandoned its oil licence in that country as softer oil prices forced the firm to cut costs.
Nigeria To Split Gas From Oil Leases to Increase Output
Nigeria, Africa’s biggest oil producer, plans to issue separate leases for gas assets in order to attract more investors to boost output of the fuel, the state-owned oil company said.
Unveiling the Truth About Nigeria’s Missing Oil Revenue Billions
Just over a year ago President Goodluck Jonathan suspended me from my position as governor of the Central Bank of Nigeria after I questioned an estimated $20bn shortfall in oil revenues due to the treasury from the s ...
Shell Declares Force Majeure on Nigeria’s Forcados Crude Exports
Shell has declared force majeure on exports of Nigeria's Forcados crude oil stream, a spokesman for the company said on Wednesday.
Nigeria Slashes 2015 Fuel Subsidy Due to Price Slide
Nigeria will slash petrol subsidies by 90 percent this year because government revenues have been hit by the slump in oil prices.
Afren to Commission Ebok Platform Offshore Nigeria
Afren is looking to sustain its wide-ranging development and exploration programs offshore Africa, despite the company’s current financial difficulties.
Africa’s Richest Man Courts Seeks to Boost Nigerian Gas
Aliko Dangote, Africa’s richest man, plans to quadruple the supply of gas to Nigeria by building pipelines that may be backed by Carlyle Group LP and Blackstone Group LP, the world’s two biggest private-equity firms.
Nigeria’s NNPC Overpays state, but Still Owes
A forensic audit of Nigeria's state oil firm released on Monday said the company, accused of corruption, actually overpaid the state by almost $750 million, but should still pay it an additional $1.5 billion.
