Nigeria | Egypt Oil & Gas - Part 52
Oando Energy To Start Oil Production Field in Nigeria
Oil and natural gas exploration company Oando Energy Resources Inc. announced the construction of infrastructure for Qua Iboe field in Nigeria is finished and commercial production has begun, according to a press rel ...
Barclays’ Mahesh Says Nigerian Election is a ‘Huge Risk’ for Oil Industry
Barclays Plc energy analyst Miswin Mahesh sees a “huge risk” of oil production in Nigeria being disrupted by political instability arising from elections scheduled for March 28.
No Time Frame for Shell’s Nigeria Oil Well to Restart
Shell has no timeline to restart the Seibou 2 wellhead in Nigeria that it closed in January after it leaked 550 barrels of crude oil, a spokeswoman said on Friday.
Nigeria’s Oil and Gas Market To Reach $7.5 Billion by 2019
There are indications that the nation’s oil and gas market would bounce back in the next four years, as a recent report by an international agency predicts a significant growth in the market value to about $7.5 billi ...
Gas Demand in Nigeria Drives Growth at Seplat
Nigerian energy company Seplat (SEPLAT.LG) expects its gas business to contribute around a third to its profits over the next two years, up from less than 10 percent today, as demand for electricity generation in Afr ...
Egbin To Invest $180 Million in Nigerian Power Facility
Egbin Power Plc, operator of Nigeria’s largest electricity generation plant, plans to upgrade the aging facility and seek more gas to boost output, Chief Executive Officer Mike Uzoigwe said.
Nigeria Slashes Forecasts for Oil Price, Currency for This Year
Nigeria on Wednesday cut its forecast for oil prices and the value of its currency this year, an acknowledgment of the pain tumbling energy costs are inflicting on Africa’s top crude producer.
Afren Ends Negotiations with Nigeria’s Seplat
Afren has broken off talks with Nigeria’s Seplat Petroleum Development Co. concerning a potential merger of the two companies.
