Nigeria’s oil exports to rise in July on Forcados restart

Nigeria's crude oil exports are set to reach 1.84 million barrels per day (bpd) in July, slightly higher month-on-month, because of a recovery 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...

Uganda to finalise oil exploration deal with Oranto Petroleum

The Ugandan government said today that it is set to sign on Thursday two oil production sharing agreements with a Nigerian firm, enabling the...

Pan Ocean to hit 200scf/d, reduce flaring with Ovade-Ogharefe gas plant

Pan Ocean Oil Corporation Limited, operator of OML98, Joint Venture with the Nigerian National Petroleum Corporation (NNPC), Production Sharing Contract OPL 275 and Ovade-Ogharefe...

NNPC posts N34bn loss for Q1

The group financial performance of the Nigerian National Petroleum Corporation recorded its third consecutive monthly loss in March as the oil firm reported a...

Indigenous firms’ saw steep declines in oil production for 2016

Indigenous oil companies have been worse hit than their foreign counterparts in recent times as they posted steep declines in production last year, with...

OPEC will soon no longer attempt to stabilize oil market alone – Kachikwu

Minister of State for Petroleum Resources, Mr. Ibe Kachikwu, has issued a threat to the United States and other oil producing countries who are...

Sirius Petroleum in talks with BP over Ororo field financing

Sirius Petroleum (AIM: SRSP), the investing company focused on oil and gas exploration and development opportunities in Nigeria, notes the recent press speculation and...

Eland signs rig contract with OES for the drilling of Opuama-7 sidetrack

Eland Oil & Gas PLC (AIM: ELA), an oil and gas production and development company operating in West Africa with an initial focus on...

Forte Oil unveils its growth plans for improved operations

According to the Group Executive Director, Finance and Risk Management, Forte Oil Plc, Julius Omodayo-Owotuga, the company is planning to deepen its focus on...

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