Upstream

Airborne Oil & Gas on Tuesday announced that ExxonMobil Upstream Integrated Solutions Company (ExxonMobil) has qualified its thermoplastic composite pipe (TCP) product for applications globally.   Airborne Oil & Gas in a…
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The Department of Petroleum Resources (DPR) says over 600 companies have applied to be prequalified for the ongoing bid rounds of 57 marginal oil fields in the country. Auwalu Sarki, director of DPR, made the disclosure while speaking…
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The Nigerian National Petroleum Corporation (NNPC) says it is exploring for oil and gas in Wase and Kanam Local government areas of Plateau state. The NNPC said the two local government area which part of upper middle Benue Trough has oil…
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The Nigerian National Petroleum Corporation (NNPC), has revealed that a number of its partners are producing oil in Nigeria at $93 per barrel.Mele Kyari, the Group Managing Director of the state-owned corporation made the disclosure on…
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The Minister of State for Petroleum Resources, Mr. Timipre Sylva, has revealed that 56 marginal fields will be available for auction before the end of the year. It had been reported earlier that due to current global realities which…
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The sale of 40% equity held by Chevron on Oil Mining Leases (OMLs) 86 and 88, is in top gear. Companies who have shown interest in acquiring the asset are expected to make full disclosure of their financial and operating capacities by the…
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Market participants awaited concrete plans on Nigerian crude oil output for May and June as the state oil company was in discussions with local companies and international majors on how to rein in supply amid a production cut pact and poor…
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Out of these eight producers, Akwa Ibom, Delta, Rivers and Bayelsa account for 80% of the crude oil produced. This article will discuss the contribution of each state and other interesting things about them. 1. Akwa Ibom State Akwa…
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Seplat Petroleum Development Company Plc plans to acquire more assets in the exploration and production sector of the Nigerian oil industry while aggressively pushing for organic growth. Chief Executive Officer, Seplat Petroleum…
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The Deep Offshore and Inland Basin Production Sharing Contract bill earlier passed by the National Assembly was signed into law by President Muhammadu Buhari in London ten days ago. With the amendment, Nigeria is expected to earn an…
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