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.
Nigeria | Egypt Oil & Gas - Part 53
Nigeria Exports N9.5tr of Crude Oil and N923.5b of LNG in 2014
NIGERIA earned N9.5 trillion from crude oil export trade and N923.5 billion from natural liquefied gas in 2014, according to the National Bureau of Statistics.
Major Power Sector Reforms in Nigeria
Much fanfare, enthusiasm and hope greeted reforms in Nigeria’s power sector. A majority of the citizenry beamed with restrained optimism that, in no distant time, their electricity worries would ease off as governmen ...
Reinventing Nigeria’s Oil Dependency
As Nigerians prepare for presidential elections, the armed group Boko Haram, corruption and falling oil prices are some of the issues worrying Africa's most populous nation.
Nigeria’s Missing oil Revenues to Impact Presidential Election Polls
Goodluck Jonathan, the Nigerian president, has received a long awaited audit into billions of dollars of allegedly “missing” oil revenues just 11 days before a closely fought presidential election.
Nigeria Cuts Down 2015 Joint Venture Oil Capex by 40%
Nigeria is reducing its capital budget for joint venture oil operations by 40% this year to $8.1 billion due to the slump in crude oil prices, sources at the Nigerian National Petroleum Corporation said Monday.
Tight Budgets to Impact Deepwater Africa Ambitions
EDINBURGH, UK – Wood Mackenzie predicts a 30% reduction in spending on exploration and appraisal offshore Africa this year.
Lekoil Studies Otakikpo Oil Reserves Offshore Nigeria
LAGOS, Nigeria – Lekoil (AIM: LEK) has received an addendum to the Competent Persons Report on the Otakikpo marginal field by AGR TRACS International Ltd. The revision considers the approval by the Nigerian Ministr ... Nigeria Plans to Diversify Economy Due to Oil Prices
Falling oil prices are a wake-up call for oil producing countries to continue to diversify their economies and minimise spending, a top official from Nigeria has said.
