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Nigerian National Petroleum Corporation (NNPC) and Russia’s Lukeoil on Thursday in Sochi, Russia, signed an important Memorandum of Understanding (MoU), which will enable both countries’ oil giants, to elevate the commercial relationship…
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Eni started gas and condensate production from the Obiafu 41 discovery, Niger Delta, just 3 weeks after well completion. The discovery contains approximately 28 billion cubic meters of gas and 60 million barrels of condensate, and the…
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President Muhammadu Buhari today, participated in the Plenary Session of the Economic Forum Meeting of the #RussiaAfricaSummit on "Uncovering the Potential for Cooperation". He led the Nigerian delegation that included the Minister of…
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President Muhammadu Buhari and Russian counterpart Vladimir Putin. Twitter image President Muhammadu Buhari and Russian President, Vladimir Putin on Wednesday in Sochi, Russia, agreed to put Nigeria-Russia relations on a fast track, and…
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In what may appear to be another boost for the country’s image abroad, the World Bank has placed Nigeria in 131 position globally on its 2019 Ease of Doing Business ranking, moving 15 places from the 146 position it was in 2018. …
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Nigeria has discovered approximately 28 Bcm of gas and 60 million barrels of condensate. A statement from Eni yesterday said, “the discovery contains approximately 28 Bcm of gas and 60 million barrels of condensate, and the gas from…
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As the timeline to revamp Nigeria’s four oil refineries in 2023 edges closer, the Nigerian National Petroleum Corporation (NNPC) has met with some Russian firms, which includes a state owned company and private entities to…
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ADM Energy plc (AIM: ADME), an oil and gas investing company quoted on AIM, notes that Panoro Energy ASA (“Panoro”) (OSE Ticker: PEN), an independent exploration and production company, has agreed to sell 100% of its ownership in OML 113…
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Greco is leading the prosecution of Shell and Eni, the two oil giants said to have played leading roles in the fleecing of Nigeria billions of dollars in the Mabalu OPL 25 deal The chief prosecutor at the ongoing trial of criminal…
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The Securities and Exchange Commission is looking to attract more oil and gas firms, including the Nigerian National Petroleum Corporation and the Nigeria LNG to the Nigerian Stock Exchange. SEC also said it had started discussing with…
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