Industry News

Nigeria E&P

NNPC considers IPO after first profit in 44 years

LAGOS, Sep...

Nigeria E&P

Decklar’s Oza-1 well re-entry update

Calgary, Alberta Sep 1 (Aberdeen Press and Journal) - Decklar Resources Inc. has announced an update on the Oza-1 well re-entry at the Oza Oil Field in Nigeria, being performed by the Company’s wholly owned Niger...
Nigeria E&P

Metallon sells stake in Lekoil

London UK , Sep 2 (Aberdeen Press & Journal) – Lekoil has reported the sale of Metallon’s stake in a filing. Metallon took control of Lekoil in a shareholder vote in January. The company has sold off its 15.1...
Nigeria E&P

Buhari Signs PIB into Law to Overhaul Oil Industry

Lagos Nigeria, August 16 (Bloomberg) - Nigerian President Muhammadu Buhari signed into law long-awaited legislation to overhaul the oil and gas industry in Africa’s biggest crude producer. Buhari assented to t...
Nigeria E&P

Shell’s divestment plans in Nigeria put at $2.3b

Lagos – August 13 (The Guardian), As Shell moves to divest its assets in Nigeria, especially joint venture licenses and interests in 19 Oil Mining Leases, a global research body Wood Mackenzie, has put th...