Upstream

The President of the Nigerian Association of Petroleum Explorationists (NAPE) Alex Tarka has said that the federal government exploration campaign in the frontier basins particularly the Benue trough will be vigorously pursued and…
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Biden’s victory could end up reshaping the U.S. energy sector in years to come, although the president-elect may have limited room to maneuver given that control of the Senate remains unclear. The president-elect has pledged to spend…
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Oil major, Shell Petroleum Development Company (SPDC) says it has grown its oil output to an average of 514,000 barrels per day (bpd). The company has also developed more capacity to produce more, the Chairman of Shell Companies in…
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The Nigerian National Petroleum Corporation (NNPC) has obtained a prepayment funding of circa US$1b to support the upstream operations of its subsidiary, Nigerian Petroleum Development Company (NPDC). This was contained in a release…
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Nigerian energy company Lekoil Ltd needs to raise around $100 million before it can start drilling in its Ogo oilfield, its chief executive told Reuters. Lekoil reached a deferred payment deal earlier this year to keep its stake in OML…
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The world’s five largest oil production companies collectively cut the value of their assets by nearly $50 billion in the second quarter, and slashed production rates as the COVID-19 pandemic caused a drastic fall in fuel prices and…
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Ogoni oil-producing communities in Rivers State on Wednesday declared that any oil firm desirous of resuming exploration in the area must come to terms with the people before enjoying the freedom to operate whatever license secured from…
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Seplat Petroleum Development Company Plc, a leading Nigerian independent energy company listed on both the Nigerian Stock Exchange (NSE) and the London Stock Exchange (LSE), said it is set to drill two gas wells this year, as it announced…
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Lekan Akinyami, Chief Executive Officer (CEO) of Lekoil, an Africa focused oil and gas exploration and production company, in this interview with MOHAMMED SHOSANYA, gave highlights on issues in the nation’s oil sector and his company’s…
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The UK upstream oil and gas sector has become leaner and more resilient over recent years, as pullbacks in investment and reduced operating costs has helped provide a stronger cash flow outlook under newly weakened oil and gas prices, says…
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