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After more than six decades of production, Nigeria still has over 41 billion barrels of crude oil reserves untapped, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Maikanti Baru, has disclosed. …
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Eland Oil & Gas PLC on Thursday in a new report on its OML 40 and Ubima licences announced an increase in the proved reserves and in Eland’s net present value. The oil and gas production and development firm, also said the borrowing…
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First Exploration & Petroleum Development Co. has contracted Yinson Holdings to operate an FPSO for the Anayala and Madu oil discoveries offshore Nigeria. The fields are in oil mining leases 83 and 85 in the shallow-water Niger…
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President Muhammadu Buhari has ordered the re-entry of oil production in Ogoniland as well as full takeover of operatorship of Oil Mining Lease (OML) 11 from Shell Petroleum Development Company (SPDC). OML 11, which lies in the…
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Former President, Nigerian Association of Petroleum Explorationists (NAPE), Abiodun Adesanya, has called for tactical approach towards oil exploration in the Northern region of the country and other inland basins. President Muhammadu…
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The Nigerian National Petroleum Corporation (NNPC), the government partner of the Shell Nigeria Exploration and Production Company (SNEPCo) has showered encomiums on the firm for its pioneering role in the deep-water sector of the Nigerian…
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A total of 37 well drilling proposals have been approved by the Department of Petroleum Resources and they are to increase Nigeria’s crude oil production by 189,850 barrels per day. It was gathered that out of the 37 wells, 29 were…
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Normal crude oil export operations were restored, March 7, on the 150,000 barrels per day Nembe Creek Trunk Line (NCTL) following the plugging of a leak which resulted in the shutdown of the facility on February 28. A spokesperson for…
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Nigeria is struggling to generate commitment from prospective investors able to monetise gas resources currently wasted at 180 gas flaring sites across the nation where some 800 million cubic feet of associated gas goes up in smoke every…
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The government partner of the Shell Nigeria Exploration and Production Company (SNEPCo) has showered encomiums on the firm for its pioneering role in the deep-water sector of the Nigerian oil and gas industry. Group Managing Director of…
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