TOTAL progresses on Ikike oilfield project as Egina draws to a close

With its huge Egina deepwater project now close to first oil, French major TOTAL is progressing on another relatively minor, field development offshore Nigeria,...

Erin Energy spuds Oyo North West well

Erin Energy Corporation (“Erin Energy” or the “Company”) (NYSE American:ERN) (JSE:ERN) today announced it has commenced drilling of the Oyo North West well (Oyo-NW)....

OPEC oil output drops to 6 month low in November

Crude production from the Organization of Petroleum Exporting Countries dropped again in November to a six-month low, Bloomberg reports. Total production fell 80,000 barrels a...

Development of gas sector to take priority from 2018 – Kachikwu

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, while speaking in Vienna during the 173rd meeting of OPEC countries, talked about the...

Nigeria must take advantage of OPEC exemption through lower production costs – Kachikwu

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said that Nigeria could make the most of her exemption from the oil...

San Leon relinquishes Polish assets to focus on Nigerian oil asset

San Leon, the AIM listed company focused on oil and gas development and appraisal in Africa and Europe, announces that it has informed the...

DPR approves Ororo field environmental studies ahead of drilling campaign

Sirius Petroleum (AIM: SRSP), the investing company focused on oil and gas exploration and development opportunities in Nigeria, is pleased to announce that Guarantee...

Corruption unwittingly improved local participation in Nigeria’s oil sector – U.S. analyst

Matt Mossman, an emerging markets political risk specialist based in the United States, has highlighted the notion that Kola Aluko, a central figure in...

OPEC cut extension does not give Nigeria, Libya fixed output figures – Kachikwu

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said the Organisation of Petroleum Exporting Countries (OPEC) and non-OPEC allies led by...

OPEC’s oil output cap on Nigeria threatens its budget projection

The Organisation of Petroleum Exporting Countries (OPEC), on Thursday agreed to cap the combined output of Nigeria and Libya at 2017 levels, i.e. not...

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