NNPC signs alternative financing agreements with Chevron, Shell

Two sets of alternative financing agreements on Joint Venture (JV) projects to boost reserves and production in line with government’s aspiration were executed in...

Total set to boost Nigeria’s oil output by 200,000 bpd in 2018 – MD

Managing Director/Chief Executive Officer Total upstream companies in Nigeria, Mr. Nicolas Terraz, on Wednesday, said that the firm would boost the country’s daily oil...

POSH to begin positioning on Egina FPSO project in Q4

Singapore’s PACC Offshore Services Holdings (POSH) Joint venture POSH Terasea is set to start positioning work on the Total-led FPSO project off Nigeria before...

Oando PLC announces H1 2017 operational and financial results

Oando PLC (referred to as “Oando” or the “Group”), Nigeria’s leading indigenous energy group listed on both the Nigerian and Johannesburg Stock Exchange, today...

NNPC partners CypherCrescent on R&D to boost Nigeria’s oil production

CypherCrescent is pleased to announce that we are official partners with the Research and Development Division of the Nigerian National Petroleum Corporation (NNPC). The...

Caverton Helicopters $55m loan repayment obligations discharged by Shell

The Shell Petroleum Development Company of Nigeria Limited (SPDC) has confirmed the non-indebtedness of Caverton Helicopters Limited on the $55 million loan advanced to...

Nigeria has capacity to produce over 2.3m bpd in 2018 – Udo Udoma

The Federal Government has said that the country has the capacity to produce over 2.3 million barrels of oil per day (bpd) in 2018,...

Kachikwu says Nigeria will stop oil production if cost remains high

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, in his address at the opening ceremony of the Nigeria Annual International Conference and...

Nigeria vows to continue oil exploration in Lake Chad Basin despite attack

The Vice-Chancellor of the University of Maiduguri, Prof. Ibrahim Njodi has pledged the commitment of the institution to go the whole hog with the...

Shell sets out upcoming FID plans for Nigeria, others

Shell is targeting project sanctions in Nigeria, UK North Sea, China and US Gulf, with two LNG developments also seen, Upstream reports. Following the release...

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