News

The Nigerian Content Development and Monitoring Board (NCDMB) has organized a one-day sensitization workshop on Vendor Development Programme, with a view to enlightening vendors operating in the oil and gas industry on how to register and…
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  …Decries dipping of gas reserves since 2013 The Department of Petroleum Resources (DPR) has confirmed that a formal, special launch of the Nigerian Gas Transportation Network Code (NGTNC) is scheduled for Monday, February 10, 2020,…
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The leadership of the Department of Petroleum Resources (DPR) in Tarab state have confirmed granting approval for the construction of five Liquefied Petroleum Gas (LPG) plants in the state. The five gas plants which according to…
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The following announcement is being made in accordance with Rule 4 of the Nigerian Stock Exchange Amended Listing Rules and Rule 9.6.11 of the UKLA Listing Rules. Resignation of a Non- Executive Director: The Board of Directors of…
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Africa Oil Corp. (“AOI”, “Africa Oil” or “the Company”) announced that it has received its first dividend from Prime Oil and Gas B.V. (“POGBV”, previously known as Petrobras Oil and Gas B.V.), a company that holds interests in deepwater…
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Nigeria’s Natural Gas reserves has been on the incline from 2013 and is projected to continue to grow at a conservative rate of about 1.0%, the country’s Department of Petroleum Resources (DPR) has reported. In 2018, gas development…
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As is tradition with the Nigeria International Petroleum Summit (NIPS), top African Energy Ministers will storm the International Conference Centre, Abuja from February 9th – 12th, 2020 for the third edition of the summit. The theme…
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The Shell Petroleum Development Company of Nigeria Ltd (SPDC) on Friday lifted a force majeure on Bonny Light crude oil exports, Nigeria’s major oil revenue source. The Royal Dutch Shell’s Nigerian subsidiary, on January 20, shut down…
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Nigeria agreed to a deep-water exploration venture with several IOCs to avoid the huge capital required to develop its oil reserves, increase oil production and to leverage on emerging deep drilling technology. This led to the approval of…
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Global oil and gas giant, Royal Dutch Shell, has said its total production in Nigeria increased in 2019 to 176,000 barrels of oil equivalent per day, the highest level in five years. Shell, which announced its fourth quarter 2019…
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