Tag: Nigeria

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Nigerian UTM Offshore to Sign Pre-FEED Contract for its LNG Plant with JGC Corporation

Indigenous oil and gas company, UTM Offshore, has commenced the development of its 176 million cubic feet per day Liquefied Natural Gas (LNG) floating plant with the Pre-Front End Engineering...
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Brent Crude Rises to Almost $70; May Pose Threat to Nigerian Government’s Subsidy Payment

The international oil benchmark, Brent Crude, was just about 30 cents away from hitting $70 amid market optimism on the United States and Europe reopening.  According to data from Oilprice.com,...
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ADM Energy Completes Barracuda Field Acquisition Offshore Nigeria

ADM Energy has announced the completion of its acquisition of a controlling interest in a Risk Sharing Agreement for the development of the large-scale Barracuda field in OML 141, offshore...
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US Import of Nigeria Crude Oil Dropped to the Lowest in Five Years in 2020

According to data from the US Energy Information Agency, the United States imports of Nigerian crude oil fell by 64.12%, the lowest in five (5) years, in 2020. The US...
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Total Postpones South African Drilling; Nigerian NETCO to Expand to Equatorial Guinea

SOUTH AFRICA According to Reuters, French oil and gas group, Total, through the consultant conducting the environmental and social assessment in Block 11B/12B, SLR Consulting, has written to postpone its...
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Nigeria: BUA’s Refinery in Akwa Ibom to be Operational by 2024

After the signing of a progress acknowledgement statement between BUA Group and Axens of France for the proposed 200,000 barrels per day refinery in Akwa Ibom State, Nigeria, the Group...
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NNPC Recorded N234.722b petrol sales in January; Reduction in Pipeline Vandalism

In the January 2021 edition of the Nigerian National Petroleum Corporation's (NNPC) Monthly Financial and Operations Report (MFOR), the national oil company recorded about N234,722,222,150 from the sale of the...
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ADM Energy Enters into CA with Eunisell for Barracuda field in OML 141 in Nigeria

ADM Energy has entered into a non-binding collaborating agreement (CA) with Nigerian-owned oil and gas production solutions company, Eunisell, to explore collaboration opportunities for the development of the Barracuda field...
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Nigeria: Department of Petroleum Resources Refutes License Revocation Reports

Contrary to several reports that the Nigerian Department of Petroleum Resources (DPR) revoked the licenses issued for the establishment of thirty-two (32) refinery projects in the country, a statement signed...
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San Leon Energy Provides Update on its Oza-1 Well Re-entry in Nigeria

Independent oil and gas production, development and exploration company focused on Nigeria, San Leon Energy, has provided updates on its Oza-1 Well Re-entry in Nigeria. The activities for the Oza-1...
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