World Bank to stop financing upstream oil, gas after 2019

The World Bank Group Tuesday said it will stop financing upstream oil and gas after 2019, as part of a wider commitment to global...

GACN gives reason for difficulty in harnessing stranded gas

The Gas Aggregation Company of Nigeria (GACN), has attributed the difficulty and unattractiveness of harnessing stranded gas in the country to the fact that...

Nigeria and Libya seek to boost oil output in 2018 irrespective of OPEC caps

Less than two weeks after OPEC’s decision to extend oil production cuts, Libya and Nigeria – the only two exempt members of the group...

Protesters claim shut down of 3 Agip oil wells over weekend

Protesters briefly shut three ENI oil wells in southern Nigeria over the weekend and could try to do so again, Reuters reports. Comrade Timiondi Fabofighe, chairman...

China’s Sinopec looking to sell its Nigeria assets, hires BNP Paribas

China’s Sinopec Group has hired BNP Paribas (BNPP.PA) to sell its oil business in Nigeria and Gabon as the state-owned oil giant pares back...

Addax looks to increase Nigerian production, plans $3bn-$5bn investment

Addax Petroleum Development (Nigeria) Limited has said it is planning a fresh investment of $3bn to $5bn in Nigeria over the coming years to...

NNPC’s exit of JV cash calls to end project deferments by IOCs – PETAN

The Petroleum Technology Association of Nigeria (PETAN) has stated that the exit of joint venture cash calls by the Nigerian National Petroleum Corporation (NNPC)...

Baru woos foreign investors for NNPC mega projects in 2018

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru on Friday called on foreign investors to partner with the...

FG, W’Bank, USAID discover 38 new gas flare sites in Nigeria

The Federal Government, in partnership with the World Bank and the United States Agency for International Development (USAID), has discovered 38 additional gas flare...

Egina project to be completed within initial budget; sets local content records – TOTAL

 The Egina field was discovered by Total Upstream Nigeria Limited (TUPNI) in 2003 within the Oil Mining Licence 130 (OML130), some 200 kilometres south...

SUBSCRIBE TO LATEST ENERGY NEWS

Read the latest energy industry news and researched articles
for oil and gas, power generation, renewable energy, events and more...