Nigeria | Egypt Oil & Gas - Part 53
Total Completes Divestment of its Onshore Stake in Nigeria
Total has completed the divestment of its stake in onshore Oil Mining Lease (OML) 29 to Aiteo Eastern E&P, a Nigerian company, for USD 569m. Since 2010, Total has divested its interests in eleven onshore blocks to...
Nigerian Elections 2015: An Analysis of Oil, Militancy and Subsidies
On March 28, Africa’s biggest economy and also the continent’s largest oil producer, Nigeria, will go to the polls to elect its new president. In an ideal world, these elections should have taken place six weeks ago. ...
Credit Agency Cuts Nigeria to B+ on Weak Oil
Credit agency Standard & Poor’s downgraded Nigeria’s rating to B+ from BB- on Friday, saying the decline in oil prices in the past seven months had significantly affected the country’s finances. ...
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 rele...
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. The vote is set to be the most closely ...
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. The company said it closed the well, which is operate...
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 billio...
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 Afri...
