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San Leon Energy plc, the AIM listed company focused on oil and gas development and appraisal in Africa, announced on 10 December 2018 that Eroton, the operator of the OML 18 licence, onshore Nigeria, was preparing to spud the new well…
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Yinson Holdings Bhd has bagged contracts worth US$901.79 million (RM3.67 billion) for the charter, operations and maintenance of a floating production storage and offloading (FPSO) vessel by First Exploration & Petroleum…
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The Nigerian National Petroleum Corporation, NNPC, Thursday, disclosed that there are currently over $48 billion investment opportunities in the Nigerian petroleum industry, while it called on foreign investors to tap into these…
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Marketers should embrace mergers and acquisitions in the downstream oil sector to consolidate their operations the Chief Executive Officer, Enyo Retail and Supply Limited, Mr. Abayomi Awobokun, has said. He said this will boost their…
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...Becomes 64th world's richest Aliko Dangote, is now the world’s 64th richest person after gaining $5.8bn in one day and his total net worth rising to $16.6bn. The Africa’s richest man’s wealth fell from $10.5bn at the end of last year…
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China exported 51,000 mt of gasoline to Nigeria in January, the first such export to the African country, latest data from General Administration showed Tuesday. Nigeria is the second country in Africa to have received Chinese…
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The Nigeria Extractive Industries Transparency Initiative (NEITI) has uncovered $20 billion recoverable revenues, its Executive Secretary, Waziri Adio, said yesterday. He spoke in Kiev, Ukraine at the ongoing 42nd meeting of the…
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The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, will today address foreign investors at the International Petroleum (IP) Week taking place in London, United Kingdom. Baru, who…
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The oil and gas sector of the Nigeria economy is responsible for 92.9 per cent of illicit financial flows (IFF) with over $217.7 billion said to have flowed out of the country between 1970 and 2008. This is contained in report…
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With the conduct of last Saturday’s Presidential and National Assembly elections and the results declared by the Independent National Electoral Commission, INEC, the next stage of battle would be who becomes number three citizen of the…
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