Oando provides updates on its Nigerian upstream activities

Oando Energy Resources (OER) submitted its operational highlights out of Nigeria on August 14. During Q2 the company saw 2,500 bpd, 1,069 net to...

Mart Resources commences drilling operations on UMU-11

Mart Resources, Inc. and its co-venturers, Midwestern Oil and Gas Company Plc. (operator of the Umusadege field in Nigeria) and SunTrust Oil Company Ltd....

Major oil theft occurs at terminals – CNS

The Chief of Naval Staff (CNS), Vice Admiral Dele Joseph Ezeoba, has disclosed that the bulk of Nigeria’s crude oil is stolen from the...

Pan Ocean loses $4.96bn to oil theft

Pan Ocean Oil Corporation, an indigenous independent oil company said it lost more than $4.96 billion to crude oil theft and pipeline vandalism in...

DPR underfunded, supported by oil majors – Expert

Due to serious underfunding of the Department of Petroleum Resources, DPR, by federal government, the agency has for long been assisted by international oil...

FG assembles experts to investigate gas to power challenge

The federal government is currently assembling a team of experts across the oil industry to investigate in particular the cause of the severe leaks...

Petron secures N16bn for acqusition of drilling rigs

An indigenous oil and natural gas drilling company, Petron Drilling Fields Nigeria Limited, said the US$100 million (N16 billion) financing deal it secured from...

Offshore supply vessel operations face increased piracy threats off Nigeria

Offshore supply vessel operations off Nigeria will continue to face increased threats from maritime criminals engaged in cargo theft, robbery and kidnapping in the...

Falcon Petroleum eyes upstream expansion, NSE listing

An indigenous natural gas distribution company, Falcon Petroleum Limited, has said that expansion into the upstream segment of the oil and gas industry is...

CAMAC Energy Inc. announces losses for second quarter 2013; provides operational update

CAMAC Energy Inc. today announced a net loss of $4.4 million, or $(0.03) per diluted share for the quarter ended June 30, 2013. For the same period in 2012,...

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