Shelf Drilling jack-up rig wins work offshore Nigeria

Offshore driller Shelf Drilling has found work for one of its West Africa-based jack-up drilling rigs offshore Nigeria, Offshore Energy Today reports. According to information...

DPR sets bid round guidelines for award of 46 marginal oil fields

The federal government through the Department of Petroleum Resources (DPR) has set the guidelines for the marginal oil field bid round scheduled to take...

Eland Oil & Gas commences Opuama-7 operations

Eland Oil & Gas PLC (AIM: ELA), an oil & gas production and development company operating in West Africa with an initial focus on...

No lifting from Lagos oil field in Q2 – Panoro Energy

One of the joint venture partners in Aje field, offshore Lagos, said there was no oil lifting from the field in the second quarter...

Kachikwu gives Nigeria 10 years to earn revenue from oil

The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, says the world is moving away from oil, hence, it will no longer be...

Uganda awards Nigerian, Australian firms oil exploration licences

Uganda has issued three more oil exploration licences to Nigerian and Australian firms as the country steps up efforts to become an oil producer...

Otakikpo production now at 7,000 bopd – Lekoil

LEKOIL (AIM: LEK), the oil and gas exploration, development and production company with a focus on Africa, is pleased to announce an increase in...

Osinbajo urges stakeholders to exploit oil as much as possible while its value lasts

Vice President Yemi Osinbajo, on Tuesday, asked the people and investors in the Niger Delta region to make effective use of the proceeds from...

Nigeria requires $16.5bn to achieve 40bn barrels oil reserves target – NNPC official

The Chief Operating Officer, Gas and Power, Nigerian National Petroleum Corporation (NNPC), Saidu Mohammed, has said that to achieve the set target of 40...

OPEC mulls extending oil cuts by more than 3 months

OPEC and its allies are discussing extending by more than three months the oil production cuts that expire in March 2018, potentially prolonging them well...

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