The Shell Petroleum Development Company of Nigeria (SPDC) has begun discussions with 12 host communities in Bayelsa which demanded upward review of development obligations.

SPDC’s Media Relations Manager, Mr Bamidele Odugbesan, gave the assurance in an interview with the News Agency of Nigeria on Saturday in Yenagoa.

SPDC has…

The African Energy Chamber has appointed an advisory committee to assist in developing new African business models and solutions to the global de-carbonization challenge. This is on the conclusion that the Covid-19 pandemic is set to accelerate the global energy transition, the Chamber said in a statement on Friday.

The…

The Chief Executive Officer of Nigeria’s biggest independent energy company, Austin Avuru, has said that the country’s decision to comply strictly with OPEC+ oil production cuts will lead to a drop in its third-quarter output.

He told Bloomberg last weekend in an investor call that Seplat has managed the cut…

The Organisation of Petroleum Exporting Countries (OPEC) has said that value of petroleum imports into Nigeria exceeded the value of exports by $58.5 billion within a five-year period.

It said Nigeria’s petroleum imports between 2015 and 2019 was valued at $264.57 billion, while its exports during the same period was…

One of the major gains of the Organisation of Petrol Exporting Countries (OPEC)-Nigeria bilateral meeting last week is the signal of the strong dialogue and cooperation between the global petroleum body and Africa’s biggest producing oil producing country.

Such dialogue is reputed to be key for compliance with the OPEC…

Nigeria has confessed that its highest crude oil production cost come from indigenous oil firms. It also stated that the deployment of expatriates was contributory to high production cost, as some companies produced crude oil for as high as $45/barrel.

Speaking during the Seplat Energy Seminar 2020 webinar, the Group…

As a student, an operator, stakeholder or intending investor in the oil and gas industry, here below are of the oil and gas technical terms you must be familiar with.

AF – Alternative Funding

AGO – Automotive Gas Oil

ATK – Aviation Turbine Kerosene

ADM Energy Plc, a natural resources investing company, has announced the appointment with REYL Group, an independent banking group providing financial advisory services and investment solutions to private and institutional clients, to support ADM with the development and financing of energy projects in Nigeria and West Africa, the company said in a statement…

Savannah Energy has reported its 2019 reported card, showing a $16.9 million of gas sales and $0.9 million of liquids sales in 2019. Production in Nigeria reached 17,200 barrels of oil equivalent per day on a full year basis, up from 13,000 boepd in the previous year, Energy Voice reported last weekend.

A Rystad Energy analysis has said that the upcoming partial return of curtailed OPEC+ oil production from August will create a new four-month supply glut of around 170 million barrels.

Petroleum Africa reported last weekend that Rystad Energy analysis is based on the assumption that oil demand will not rebound…