Lekoil receives ministerial consent for OPL310 farm-in

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

Nigeria not benefiting from high natural gas reserves – DPR boss

The Department of Petroleum Resources (DPR) has expressed worry that despite the significant natural gas reserves, the country was yet to fully benefit from...

Heritage Oil grosses over 50,000bpd from OML 30 in Nigeria

United Kingdom-based Heritage Oil plc, an independent upstream exploration and production company, says production from its Oil Mining Lease (OML) 30 in Nigeria increased...

Siemens introduces new technology solutions for Nigerian oil and gas sector

The Vice-President, Oil and Gas, North America and Africa, Siemens Energy Incorporated, Mr. Patrice Laporte, while speaking at the Siemens Solutions for Oil and...

Nigeria finds gas reserves in Bauchi state

Nigeria has discovered gas reserves of over 100 billion cubic feet in Bauchi state in the North-east part of the country, reports Voice of Nigeria. The reserves...

PETAN, stakeholders move to crash oil production cost to $2/barrel

A communiqué released by the Petroleum Technology Association of Nigeria (PETAN) at the just concluded Oil Technology Conference (OTC) 2017, in Houston, Texas, USA,...

Controversy trails oil block revocation by FG

President Muhammadu Buhari’s approval of the withdrawal of Oil Prospecting Licences 2001, 2002 and 2003 in the Utapate Field won by indigenes of the...

Barkindo says OPEC to legalise oil cut arrangements with OPEC non-members

OPEC Secretary-General, Mr Mohammed Barkindo has said that following the success of the second joint Organisation of Petroleum Exporting Countries (OPEC) and non-OPEC meetings,...

Nigeria’s June oil exports to hit 15-month high on Forcados loading plan

Nigeria issued its first Forcados oil loading plan since 2016, putting the nation's June oil exports on track to hit their highest level in...

Shell says Nigeria was its biggest recipient of payments in 2016

Global oil giant, Royal Dutch Shell Plc, said on Tuesday that it paid $3.638bn to the Nigerian government last year for its activities in...

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