The Covid-19 pandemic has increased the number of oil and gas assets being put up for sale globally past 12.5billion barrels in reserves, according to new analysis.
Nigeria has officially launched a marginal field bid round, with the Department of Petroleum Resources (DPR) saying 57 fields are available.
Nigerian economic growth beat estimates in the first quarter as oil production rose to the highest in at least four years.
The Nigerian government has expressed disappointment that a High Court ruling in England has opted not to hear a civil claim against Shell, Eni and Energy Venture Partners (EVP), over the OPL 245 case.
Imports into Nigeria of gasoline and diesel are of worse quality than fuels produced from illegal refineries in the Niger Delta, a new study from Stakeholder Democracy Network (SDN) has reported.
Nigeria’s Guarantee Petroleum has contracted Halliburton and Chevron Nigeria Ltd (CNL) to tackle a rig fire on the Ororo marginal field, on OML 95.
A US court granted Nigeria permission to request documents from VR Capital Group, the part owner of a company that received a $9.8 billion arbitration award the government is trying to overturn.
Middle East and African banks face mounting pressure from the gathering macroeconomic storm and oil price pressure, Fitch Ratings has said.
Equatorial Guinea has awarded Nexant the feasibility study on a new formaldehyde plant at Punta Europa and work to develop a Gas Master Plan to Gas Strategies.
Nigeria’s Department of Petroleum Resources (DPR) has denied reports that a new set of guidelines has been issued for marginal fields.
Nigeria LNG has awarded an engineering, procurement and construction (EPC) contract for a seventh train, worth more than $4 billion.
Canadian Overseas Petroleum (COPL) is experiencing liquidity woes to the point that it does not have sufficient cash to continue operations.
Nigeria is under particular strain as a result of the low oil price crisis, industry participants said during a webinar, demonstrated by a government decision to plan for $20 per barrel oil.
Nigerian President Muhammadu Buhari’s decision to extend the executive of the Niger Delta Development Commission (NDDC), until the end of the year, has been met with varying responses.
Coronavirus looks set to have a continued impact on energy demand beyond the near term and supply chains must become more adaptable in order to navigate the uncertain future, writes Andy Laven, COO of Sahara Energy Resources DMCC
Nigeria and Angola face particular pressures as a result of the oil price crash, a new report from Verisk Maplecroft has warned.
Savannah Energy has paid down $40 million of debt as of the end of March as a result of its Nigerian gas supply business.
Seplat Petroleum’s revenue fell to $130 million in the first quarter, down 18%, with the company blaming an under lift of oil and lower prices.
Equatorial Guinea has awarded a feasibility study on a proposed modular refinery, in Punta Europa, to VFuels Oil & Gas Engineering.
Efora Energy sees its future as balanced between the exploration assets, where it began, and the fuel supply side, where it has focused in recent times.
Nigeria is moving towards production cuts as a result of a lack of local storage and inability to sell cargoes.
Rivers State has released the group of ExxonMobil employees it accused of entering the state in defiance of the lockdown intended to prevent the spread of coronavirus.
The real oil market is killing Nigeria.
Piracy increased in the first quarter of 2020, with the Gulf of Guinea continuing to hold its position as the most dangerous waters in the world.
“Baselines matter” is one takeaway from the deal brokered over the weekend to save the market.