DPR licenses EMC for satellite services

The Department of Petroleum Resource (DPR) has given approval to Emerging Markets Communications, Incorporated (EMC) to provide satellite and terrestrial connectivity services directly to...

Shell awards $2.4bn contracts to local companies

Shell Companies in Nigeria, SCiN has awarded contracts worth $2.4 billion to indigenous contractors in order to boost local content in the nation. The firm...

Global oil demand forecast for 2013 adjusted upwards

The forecast of global oil demand for 2013 has been adjusted upwards by 90 kb/d following stronger-than-expected data for July and August. Estimates of...

OPEC exports to drop as U.S. output gains

The Organisation of Petroleum Exporting Countries will cut crude exports through mid-November as rising US output allows the nation to curb purchases from the...

Chevron reports third quarter net income of $5.0 billion

Chevron Corporation Friday reported earnings of $5.0 billion ($2.57 per share - diluted) for the third quarter 2013, compared with $5.3 billion ($2.69 per...

Lekoil gains Ogo funds in $100m placing

Lekoil has raised around $100 million in a London share placing to fund drilling, testing and appraisal of the Ogo oil discovery off Nigeria. The...

Chevron withholds award letter on oil deal from Brittania-U

Chevron Nigeria Limited, which offered three oil blocs for open bidding, appears to now be foot-dragging in releasing the bid winner’s award letter to...

Lekoil provides update on the Ogo-1 well in OPL310, offshore Nigeria

AIM-listed Lekoil, the oil and gas company with a focus on Nigeria and West Africa, has provided an update on the Ogo-1 discovery in...

PwC advises oil firms on operational excellence

Price WaterhouseCoopers has called on independent oil and gas companies operating in Africa to adopt operational excellence if they are to overcome their teething...

Raising production level among indigenous oil operators

The Federal Government’s aspiration to grow the nation’s proven crude oil reserves from the current level of 37 billion barrels to 40 billion barrels...

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