Nigeria | Egypt Oil & Gas - Part 54
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. Following Seplat’s initial approach on Dec. 22, the company had a deadline of 5:00 p.m. on...
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. The company envisaged that sus... 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. Seplat has completed the acquisition of a 40% working interest in OML 53, onshore north eastern Niger Delta from C...
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. The bureau said in a report titled: “Nigeria in 2014: Eco...
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 government...
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. More than 90 percent of the country&#...
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. The auditor general...
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. Nigeri...
