Kachikwu says Nigeria’s oil output remains below agreed OPEC cap

Nigeria is pumping less than 1.8 million barrels per day (bpd) of crude, its oil minister said on Friday, meaning the country is sticking...

NNPC says Saudi Arabia’s price cut is no threat to Nigeria’s crude exports

Top official sources at the Nigerian National Petroleum Corporation (NNPC) have indicated that Nigeria is not in any price war or struggle for market...

Nestoil ventures into deep offshore, to adopt cost-cutting measures

OBIJACKSON Group,  parent company of Nestoil Limited, said it had adopted far-reaching measures to substantially cut its costs, especially as it plans to venture...

Tenoil to commence final lap of OPL 2008 development

At Heirs Holdings, we believe in, and demonstrably practice, Africapitalism as  our investment strategy. Our investments across key sectors of the economy including financial...

NNPC GMD laments Nigeria’s low oil production

The Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC) Dr. Maikanti Baru, during a dinner hosted by the Nigerian Association of Petroleum...

FG to retain 75% import duty rebate at Oil And Gas Free Zones

The managing director of the Oil and Gas Free Zones Authority (OGFZA), Mr Umana Okon Umana has given the assurance that government will retain...

Lekoil receives ministerial consent for Otakikpo farm-in

Lekoil (AIM: LEK), the oil and gas exploration and development company with a focus on Nigeria and West Africa more generally, is pleased to...

Separation of NNPC’s regulatory and operational roles critical – PwC

A new report by PricewaterhouseCooper entitled, ‘The new nation builders: Creating the African national oil company of the future,’ has said that political involvement...

Erin prepares for 3D seismic following Ghana/Ivory Coast border ruling

Erin Energy Corporation (Erin Energy or the Company) (NYSE American:ERN) (JSE:ERN) announced today that the Special Chamber of the International Tribunal of the Law...

Bristow Nigeria introduces new helicopter rescue and recovery services for oil sector

Bristow Helicopters (Nigeria) Limited today announced a new dedicated helicopter rescue and recovery (RRS) service for Nigeria’s oil and gas industry to provide critical...

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