Nigeria has approved counterpart funding for a contract that will enable Siemens AG upgrade the country’s failing power infrastructure. The German engineering company was contracted to rehabilitate and expand Nigeria’s electricity grid.

World Bank records that only about two-thirds of Nigerians have…

French oil giant, Total has secured $14.9 billion in senior debt financing for its landmark Mozambique Liquefied Natural Gas (LNG) development, in spite of current disruptions to the oil and gas market and the deep of global oil prices.

Mozambique…

Nigerian National Petroleum Corporation (NNPC), and First Exploration & Petroleum Development Company Limited (First E&P), have confirmed the entrance of the Abigail-Joseph Floating Production Storage and Offloading (FPSO) unit to the shores of Nigeria.

The Abigail-Joseph FPSO is a 274 metres long converted Suezmax trading tanker, self-propelled with 11 cargo…

An indigenous oil service company, Ezion Geber Energy, has been appointed to officially represent Norwegian firm Connector Subsea Solutions (CSS) contracted to support current offshore projects in Nigeria.

Announcing the collaboration yesterday the Norwegian company said it contract with minimum three-year duration will help support current offshore Nigeria projects and…

A number of companies in Nigeria are working together, deploying the recycle of cassava waste to achieve electricity in rural areas.

They will transform the peels of the tuber into electricity to supply farmers in rural areas, Afrik24 reported yesterday.

At the head of the consortium is…

Nigerian National Petroleum Corporation (NNPC) has signed, on behalf of Nigeria, a $1.5 billion prepayment deal led by Standard Chartered and backed by oil traders Vitol Group and Matrix Energy, Reuter reported on Tuesday.

The deal called, Project Eagle, was also backed by African Export Import Bank (Afrexim) and United…

Seplat Petroleum Development Company Plc, has announced a change in the drivers’ seat as cash revenue for the six months ended June 30, 2020 stood at $234 million despite the lower oil prices and demand occasioned by Covid19.

The company recorded a reserve increase to $343 million despite lower revenues,…

The Federal Government of Nigeria recently announced the commencement of its 2020 marginal fields bid rounds.

The regulatory agency – Department of Petroleum Resources, DPR within whose purview the coordination of the exercise falls, disclosed that a total of 57 fields are on offer.

According to the…