Africa Oil Corp. (“AOI”, “Africa Oil” or “the Company”) is pleased to announce that it has entered into an amendment to the share purchase agreement (the “Amended SPA”) signed on October 31st, 2018, between Petrobras International Braspetro BV (“PIBBV”) and Petrovida Holding B.V. (“Petrovida”), the company formed by the consortium of Africa Oil, Delonex Energy Ltd. (“Delonex”)…
…Conditions for NCI Fund‘ll not be relaxed The Nigerian Content Development and Monitoring Board (NCDMB) will partner with the Oil Producers Trade Section (OPTS) – the umbrella body of major oil producing companies to develop an oil and gas industry marine vessels standards. The Executive Secretary of NCDMB, Engr. Simbi Kesiye Wabote gave…
. Otabagi, Nigeria’s first oil community to become research, tourist centre .Union commends President Buhari, Lawan, Sylva, others THE Federal Government has concluded plans to establish a modern Oil and Gas Research Institute/Museum in Otabagi Community in Ogbia Local Government Area of Bayelsa State, where commercial oil was first struck in 1956. Otabagi,…
Dr Kenneth Okereafor, a Cyber Security Expert, has underscored the need to have regulations in place to monitor and mitigate cyber attacks through a single risk information system security management entity. Okereafor said this during a two-day Information Assurance Workshop, organised for Ministries, Departments and Agencies (MDAs) of government in collaboration with the Office of…
MTN Nigeria Communications Plc on Wednesday announced a revenue of N856.48 billion for nine months ended Sept. 30, 2019. The revenue figure is on the company’s nine months unaudited result posted on the Nigerian Stock Exchange (NSE) website. The unaudited result showed that the revenue represented a growth of 12.03 per cent when compared with N764.46…
The Programme Manager, National LPG Expansion Plan, Mr Dayo Adeshina, on Wednesday said the Federal Government was targeting the consumption of five million tons of Liquefied Petroleum Gas (LPG) by Nigerians in 2023. Adeshina said this at the 13th Edition of the Oil Trading and Logistics (OTL Africa Downstream) Conference in Lagos. The National LPG Expansion…
Chevron is seeking to sell several Nigerian oilfields as part of a global drive to reshape its portfolio as it focuses on growing its U.S. shale output, banking and industry sources said. Chevron joins rivals including Exxon Mobil and Royal Dutch Shell in a drive by foreign oil companies to reduce their footprint in Africa’s…
Mr Peter Ijeh, the South East Zonal Controller of Department of Petroleum Resources (DPR) has blamed the Independent Petroleum Marketers for the chaos in the sector. Ijeh said this in a paper entitled “The Role of Government in Sanitising the Petroleum Markets” on Wednesday in Awka at a summit organised for the marketers. The theme…
South Sudan and Egypt sign a Memorandum of Understanding regarding cooperation in the field of downstream oil and gas, during the 2019 South Sudan Oil & Power Conference. The country will launch its first ever licensing agreement in the first quarter of 2020 regarding 13 blocks onshore open for tender. With opening keynotes…
The organisers of the Future Energy Nigeria conference and exhibition taking place in Lagos, will focus on bridging the country’s energy access gap, the role of off-grid generation projects as well as discussions on the Nigerian Electricity Regulatory Commission, NERC initiative to franchise the Electricity Distribution Companies (DisCos) in Nigeria. The forum will also feature high-level panel discussion…
