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The Executive Vice President of China National Offshore Oil Corporation (CNOOC), Mr. Lu Yan Ji, said the company has invested over $16 billion in Nigeria’s oil industry and described the country’s one of its largest investment destinations.

China pumps $16 billion in Nigeria’s oil industry

The Executive Vice President of China National Offshore Oil Corporation (CNOOC), Mr. Lu Yan Ji, said the company has invested over $16 billion in Nigeria’s oil industry and described the country’s one of its largest investment destinations.

OML 11: We declined renewal of Shell’s licence for national security – govt

The Federal government on Thursday, told the Abuja Division of the Federal High Court that its refusal to renew the operating license of Shell Petroleum Development Company (SPDC) was in the interest of the nation’s security.
Rivers State Governor, Nyesom Ezenwo Wike has banned the planned RevolutionNow protest in the state.

OML 25: Rivers governor says ‘will’ develop stakeholder communities

Rivers State Governor Nyesom Wike has said he will develop stakeholder communities in Oil Mining Lease (OML 25).

Delta community threatens to shutdown NPDC/Elcrest operations

Atesuo Community in Warri North council area of Delta state has threatened to shut down operations of the Nigeria Petroleum Development Company (NPDC) and Elcrest Exploration and Production Company, over alleged repeated failure to recognise and treat them as one of their host communities.
Nigerian National Petroleum Corporation (NNPC)

NNPC ‘not tax agency’

The Nigerian National Petroleum Corporation (NNPC) yesterday said the collection of taxes and other cash due to the Federal Government in the oil and gas industry was not its responsibility.

Green Energy gets federal government’s nod to develop Otakikpo Phase 2 Field

The management of Green Energy International Limited (GEIL), the operator of the Otakikpo marginal field in Oil Mining Lease OML 11 has secured Federal Government’s approval for the full Field Development Plan (FDP) and Environmental Impact Assessment (EIA) to enable the company implement the phase 2 development of the field.

Mike Adenuga closes gap with Aliko Dangote in Forbes billionaires ranking

Globacom Chairman Mike Adenuga Jnr, with interests in oil exploration and real estate has moved up, ranking next to Aliko Dangote as Africa’s second richest man.

NPDC, Neconde begin joint gas production, delivery

Neconde Energy Limited and its Joint Venture Partner – the National Petroleum Development Company (NPDC) in Oil Mining Lease (OML) 42 have commenced production and delivery of gas to the domestic market through the Nigeria Gas Marketing Company.
Maikanti Baru

Maikanti Baru commends NPDC on 100% local content on gas facility

The Nigerian National Petroleum Corporation (NNPC) has commended the Nigerian Petroleum Development Company (NPDC), for achieving 100 per cent local content input in the development of Oredo Integrated Gas Handling Facility (IGHF).

Egina FPSO sails to 200,000bpd offshore field

The FPSO sailed away from the quayside at Samsung Yard in Geoje, South Korea on October 31, 2017 and arrived at the Samsung Yard (SHI-MCI FZE quayside) in LADOL free zone in Lagos in January, where it was integrated locally by Samsung Heavy Industries Nigeria (SHIN) Limited.

Acting President Osinbajo intervenes in Total’s $16bn Egina oilfield dispute

It was alleged that the $33 million demand, which is one per cent of the cost of the FPSO, is frustrating the ongoing integration, thus potentially putting the efforts to bring the Egina field on stream by the end of this year in jeopardy.

Ex-NNPC chief Andrew Yakubu didn’t declare over N3 billion we found in his house...

The Economic and Financial Crimes Commission, EFCC, on Thursday, told the Federal High Court in Abuja that former Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Mr. Andrew Yakubu, did not declare the $9,772,800 and £74,000 that was recovered from his guest house in Kaduna.

Minister: I have no special interest in Oil Mining Lease 11

The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, on Friday said he had no special interest in Oil Mining Lease (OML) 11 being operated by Chevron.

Federal government approves construction of cooking gas extraction plant in Rivers

The Federal Government has given approval to Green Energy International Limited to commence the construction of the 12 million standard cubic feet per day, MMSCFD, capacity Liquefied Petroleum Gas, LPG, extraction plant at Ikuru Town, in Rivers State.

Court rejects application to recover seized crude oil

A Federal High Court, sitting in Lagos State, has rejected the application by the Allied Energy Plc and Camac International (Nig) Ltd seeking a Mandatory Injunction against the Nigerian Agip Exploration Limited (NAE) to stop the execution of an order to stop the seizure of assets under the court process initiated by NAE at the Federal High Court Lagos and Port Harcourt, Rivers State.

Shell files criminal complaint against ex-employee over Nigeria oilfield sale

Royal Dutch Shell has filed a criminal complaint against a former employee over suspected bribes in the sale of a Nigerian onshore oilfield in 2011, shedding more light on the company’s activities in the oil-rich West African country.

$3.3b Egina oilfield floating vessel to arrive Nigeria

Nigeria’s oil and gas industry is set to record another milestone as the 3.3 billion dollar Floating Production Storage Offloading vessel for the 200,000 barrels per day capacity Egina deepwater oilfield arrives Nigeria from South Korea on January 23.

Federal govt earned $7 billion from Addax Petroleum since 2009 – firm

Addax Petroleum Development (Nigeria) Limited, which operates Production Sharing Contract (PSC) with the Nigerian National Petroleum Corporation (NNPC) PSC has produced 425 million barrels of crude oil and generated over $7 billion in revenue to the Nigerian government since 2009 when SINOPEC took over the company.

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Femi Adesina, Garba Shehu, Lauratta Onorchie reappointed presidential media aides

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Floods claim five lives in Jigawa

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