Nigeria | Egypt Oil & Gas - Part 7

SNEPCo Announced 702mb of Oil Production from Bonga

The Bonga oil field operated by Shell Nigeria Exploration and Production Company (SNEPCo) has produced about 702mb of oil since its start up in 2005.

General Electric to Establish Service Plant for Power Turbines in Nigeria

General Electric (GE) announced that it is going to establish a repair and service plant for power turbines in Nigeria and has invested over $100m, in its aim to fulfill the growing demand for gas-fired power plants ...

NNPC to Sign $6b Oil Exchange Deals

Nigeria’s state oil company is finalizing the signing of $6b worth deals to exchange more than 300,000b/d of crude oil for imported gasoline and diesel.

Morocco and Nigeria to Execute the Atlantic Gas Pipeline

The Atlantic gas pipeline will carry Nigerian gas through six West African countries up to Morocco and eventually to Europe.

NNPC to Continue to Explore Oil in Lake Chad Basin

The Nigerian National Petroleum Corporation (NNPC) announced that it will continue to search for oil in the Lake Chad Basin of Borno state.

NNPC Develops Scheme to Boost Gas Supply

NNPC, along with its partners, has developed a scheme to grow gas supply for domestic consumption by 285%.

Nigeria’s Oil Production Increased by 274,000b/d

OPEC announced last week that Nigeria’s crude oil production increased by 274,000b/d in April.

Shell Examines Nigeria’s Forcados for Reopening

The pipeline shutdown was due to the bombing incident that occurred in February 2016 by militant’s attacks. Prior to the attacks, Trans Forcados used to produce between 200,000b/d and 240,000b/d.

Eni to Construct New Crude Oil Refinery in Nigeria

The Italian oil company Eni is planning to construct a crude refinery in Nigeria through its Agip subsidiary with capacity of 150,000b/d.

Nigeria to Disclose New Investors for NNPC’s Refineries

The Nigerian Minister of State for Petroleum announced that the federal government will disclose the new investors that will be managing the country's state-owned refineries.

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