Nigeria Archives - Page 3 of 18

13th August 2021

Shell’s Nigeria auction has potential, but bidders must do their homework – WoodMac

Shell has started a process to divest all of its operated joint venture licences held by the Shell Petroleum Development Company (SPDC) in Nigeria, which includes a 30% interest in...

11th August 2021

Nigeria’s NNPC Announces Major Reshuffling in Anticipation of PIB

The Nigerian National Petroleum Corporation (NNPC) has announced a substantial shakeup in its management in preparation for the soon-to-be-passed Petroleum Industry Bill (PIB). In a statement, the Corporation said: “Other...

10th August 2021

San Leon Energy Announces Update on ELI Loan Repayment in Nigeria

San Leon Energy offered an update on its OML 18 operations in Nigeria as well as the ELI loan repayment. The following was included in the statement: “San Leon Energy,...

10th August 2021

TotalEnergies Announces Ikike Field Project in Nigeria will Strike First Oil in 2022

The Executive Director of TotalEnergies Port Harcourt District, Obi Imemba, announced that the Ikike oil field development project would commission and celebrate first oil by early 2022, barring any unforeseen...

7th August 2021

Nigeria: Abuja to Introduce Electric Vehicles Soon

The Federal Capital Territory Administration (FCTA) of Nigeria's capital city, Abuja, is introducing electric vehicles, an environmentally friendly mode of transportation, as part of its steady shift to green energy....

3rd August 2021

Shell has Commenced a Major Asset Divestment in Nigeria

Royal Dutch Shell, according to multiple sources, has launched substantial disposal of its Nigerian properties, particularly those in shallow water and onshore. Shell is said to have already hired Standard...

23rd July 2021

Nigeria’s Oil Output Dropped by 11.47% YoY in Q2’21

Nigeria produced 1.343 million barrels per day in the second quarter of 2021, according to the Organisation of Petroleum Exporting Countries' Monthly Oil Market Report (MOMR), compared to 1.517 mb/d...

22nd July 2021

AfDB to Provide Renewable Energy to Ghana, Ethiopia, Kenya, Nigeria and Tunisia

The African Development Bank's (AfDB) Leveraging Energy Access Finance Framework (LEAF) programme aims to unlock commercial and local currency financing for decentralised renewable energy (DRE) projects in Ghana, Guinea, Ethiopia,...

21st July 2021

Oando Reaches Agreement with Nigeria’s Security & Exchange Commission

After years of legal wrangling, Oando Plc has reached an agreement with the Securities and Exchange Commission (SEC) in the best interests of the company's shareholders and the capital market....

14th July 2021

Lekoil CEO Says the Company Has Four Outstanding Assets in Nigeria

Mr Lekan Akinyanmi, the Chief Executive Officer of Lekoil Nigeria Limited, said his business now has four outstanding properties that would make an impact in Nigeria's hydrocarbon industry, speaking on...