Tag: Nigeria

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DPR Warns Marketers Against Hoarding Petroleum Products

In a statement issued in Lagos, Nigeria, on Tuesday, 2nd March 2021, the Director of the Department of Petroleum Resources, Auwalu Sarki, said the Department will not hesitate to apply...
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Equatorial Guinea and Nigeria Discuss Gas Export; Sign MoU

Officials of the Federal Ministry of Petroleum Resources, Nigeria, and the Ministry of Mines and Hydrocarbons of Equatorial Guinea, have signed a memorandum of understanding (MoU) to consolidate new opportunities...
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Algeria is now a Net Exporter of Petrol after Over a Decade of Imports

According to a report from the Algerian Press Agency, North-African oil producer, Algeria, has returned to being a net explorer of the most in-demand product of the distillation of crude...
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DPR Calls for Investors in Modular Refineries in Nigeria

Nigeria's Department of Petroleum Resources has wooed investors by stating it is ready to license more modular refineries, to help combat the problem of petroleum products scarcity in the country. Speaking...
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Conoil Pays Deposit for Chevron’s Equity in Nigeria’s OMLs 86 and 88

Nigerian independent owned Exploration and Production company, Conoil Producing, has paid a deposit for its purchase of the 40% equity held by Chevron Corporation in Oil Mining Lease (OMLs) 86...
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Savannah Energy Provides 2020 Updates and 2021 Targets

The African-focused British independent energy company, Savannah Energy, has announced a trading update for 2020, and guidance for 2021. 2020 was the first full year of operating the high margin...
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Over $10 Billion Investment in Energy Infrastructure is Ongoing in Nigeria – NNPC GMD

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, announced that there is at least $10 billion worth of investments currently ongoing in the energy sector...
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Consumption of LPG in Nigeria Reached One Million MT in 2020 – PPPRA

Nigeria's Petroleum Products Pricing Regulatory Authority (PPPRA), on Tuesday, 19th January 2020, announced that the consumption of Liquefied Petroleum Gas in the country exceeded one million metric tonnes (MT) in 2020....
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First Cargo of Nigeria’s Newest grade “Anyala” is on its Way to Europe

According to data intelligence firm, Kpler, the first export cargo of Nigeria's newest crude grade, Anyala, is on its way to Northwest Europe. The Aframax Minerva Clara is said to...
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Heirs Holdings Acquire Nigerian Oil Licence OML 17 Assets for $1.1 billion

Heirs Holdings, in partnership with its affiliated company, Transnational Corporation of Nigeria Plc ("Transcorp"), has announced the unconditional acquisition of a 45% participating interest in Nigeria oil license OML 17...
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