NNPC to revoke operating licenses of Chevron’s disposed assets

The Nigerian National Petroleum Corporation, NNPC, Thursday, said it will revoke the operating licenses of the three oil blocks put up for sale by...

Oil firms rein in spending to save cash for dividends

Oil and gas firms are cutting back on investments to try and improve profits and save cash for dividends, perhaps signalling an end to...

CAMAC Energy announces arrival of rig to drill OYO-7 well

CAMAC Energy has been informed by Allied Energy that the Sedneth 701 drilling rig has arrived on location at OML 120, offshore Nigeria, and...

Eni lifts force majeure from Nigerian Brass River crude exports

Eni SpA has said that the force majeure imposed on its Nigerian Brass River crude oil exports in March has been lifted. "We removed the...

Pacific Khamsin drillship delivered to Pacific Drilling

Pacific Drilling S.A. announced that it has taken delivery of its newest drillship, the Pacific Khamsin. The drillship begins mobilizing to Nigeria today, where it...

FG delays renewal of oil lifting contracts

The Federal Government has delayed, without giving notice, the renewal of crude oil lifting contracts for the 2013/2014 period which is supposed to have...

The long road to Nigeria’s oil industry’s growth

The political intrigues in Nigeria may have emerged the cankerworm that has not only eaten into the fabrics of the nation’s democracy, but also...

Oil producing countries to provide 40 mbpd to meet global demand

The International Energy Agency (IEA) has indicated that the world needs 40 million barrels of oil per day production capacity between 2013 and 2035...

Publicise oil prospecting licences, NEITI tells DPR

The Nigeria Extractive Industries Transparency Initiative has called on the Department of Petroleum Resources to place all oil prospecting licences and mining leases in...

Shell to begin divestment of onshore assets in the Niger Delta

Indications have emerged that Shell Petroleum Development Company, SPDC, has begun a fresh divestment of its onshore assets in Rivers State as part of...

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