Nigeria | Egypt Oil & Gas - Part 52
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.
Total To Maintain Major Oil Investments in Nigeria
French oil major, Total, has assured that its major oil and gas projects in Nigeria as well as in other African countries will continue operations even with the sliding crude oil prices. Seplat Aquires Stake in OML 53 and OML 55 in Nigeria
Seplat Petroleum Development Co. Plc has completed stake acquisitions in OML 53 and OML 55 in Nigeria.
