Eland Oil & Gas has signed a rig deal with OES Energy Services for its Nigeria campaign.
Shares in Sirius Petroleum jumped almost 50% today after the London-listed oil firm confirmed it was in talks with BP over a financing deal.
Royal Dutch Shell Plc lifted restrictions on exports of a key Nigerian crude oil, 472 days after imposing them following militant attacks. The extra flows alone amount to about 20 percent of the supply OPEC has pledged to cut from world markets.
Aberdeen based Eland Oil and Gas has re-started production from one of its Nigerian assets.
Africa-focused Eland Oil and Gas today revealed that it could recover 22.6billion barrels more from four of its Nigerian wells than first thought.
West-Africa-focused Eland Oil and Gas said today that it had secured a borrowing base of $24million following a review with its lender.
Nigeria’s military crusade to rid the country of hundreds of illegal refineries led to the death of two soldiers yesterday, a news report said.
Shell said it knew some of the $1.1 billion paid to the Nigerian government in 2011 for an exploration license would go to a company linked to the country’s former oil minister, changing its previous stance on a deal that’s under investigation for alleged corruption.
Environmental groups have rejected Shell’s plans to decommission the Brent oilfield in the North Sea.
Shell and Eni today reiterated that they did not make fraudulent payments when buying a Nigerian oil field in 2010-11.
Africa focused exploration and production firm Lekoil (AIM:LEK) has signed a memorandum of understanding (MoU) with American multinational GE Oil and Gas for offshore work in Nigeria.
West-Africa-focused Eland Oil and Gas said today that it had pumped 330,000 barrels of oil from its Opuama-3 well since resuming production in January.
Nigeria-based Lekoil said today it had agreed a $15million advance payment facility with Shell.
Nigeria focused E&P investor Sirius Petroleum has contracted Polaris to carry out seabed survey work at the Ororo field.
A Nigerian court has overturned an earlier ruling to confiscate an oil asset from Shell and Eni, a news report said.
Nigerian troops have destroyed 80 illegal oil refineries in the Niger Delta in the last 10 days, a military spokesman has claimed.
US firm Erin Energy has booked a rig for a drilling campaign offshore Nigeria.
Nigeria has filed new corruption charges against Shell and Eni over the $1.3billion acquisition of an oilfield in 2011, a news report said, citing court documents.
Nigeria's upper house of parliament is to investigate allegations the state oil company illegally inflated funds it collected from an official subsidy scheme.
Shell and Eni have asked a Nigerian court to overturn a temporary forfeiture of an oil field in the African country, a news report said.
Nigeria’s progress in curbing militant attacks hasn’t much boosted its oil output. While that’s bad news for a country mired in its worst economic slump in 25 years, it’s making life easier for fellow OPEC members.
On Valentine's Day last year Austin Avuru saw his company’s production stifled by 85% overnight.
Nigeria is seizing one of Africa’s richest oil blocs and could prosecute petroleum giants Shell and Eni over a corruption scandal, court documents show.
Oil giant Shell has succeeded in a High Court battle to block claims brought against it by more than 40,000 Nigerians from being heard by the English courts.
Oil giant Shell finds out today if it has won a battle to block claims brought against it by more than 40,000 Nigerians from being heard by the English courts.