Sirius Petroleum agrees on financing of Ororo field with BP

Sirius Petroleum (AIM: SRSP), the investing company focused on oil and gas exploration and development opportunities in Nigeria, is pleased to announce that following...

Sovereign Wealth Fund resuscitates 11 fertilizer blending firms

The Nigerian Sovereign Investment Authority (NSIA), also known as the Sovereign Wealth Fund, has resuscitated 11 fertilizer blending plants across the country, which substantially...

Chinese banks commit funds to Nigerian oil and gas projects

In its bid to support the Federal government’s aspiration to increase power generation to 10GW, the Nigerian National Petroleum Corporation (NNPC) has unveiled plans...

COPL working to raise funds for OPL 226 drilling by end of Q3

Canadian Overseas Petroleum Limited (“COPL” or the “Company”) (XOP: TSX-V) & (COPL: LSE), an international oil and gas exploration and development company focused on...

FG proposes 2.3million bpd at $45 for 2018 budget

The Federal Government, yesterday, approved a $45 per barrel oil price budget benchmark and predicated oil production at 2.3 million barrels per day for...

Mobil Nigeria officially changes name to 11 Plc

An official has indicated that Mobil Oil Nigeria Plc has officially changed its name to 11 Plc and that the change will be implemented by...

NNPC to clear JV cash call debts by April 2018 – Baru

The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has indicated that the corporation will clear its cash call debts to its...

NNPC to increase FG revenue by $30bn with 4 major JV investments

The Nigerian National Petroleum Corporation (NNPC) has disclosed that the four major investments it recently embarked upon with key upstream joint venture partners are...

Experts say diversification of Julius Berger to oil sector will change its fortunes

Investment analysts have said that the plan by Julius Berger (JB Plc) to veer into the oil and gas business through a strategic partnership...

Auditor General lauds NNPC on transparency in its audited accounts

The gale of accountability and transparency pervading the operations of the Nigerian National Petroleum Corporation, NNPC, under the leadership of Dr. Maikanti Baru has...

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