Africa Oil & Gas: Chinese Banks Begin Oil And Gas Projects’ Financing In Nigeria

One-hundred-dollar notes are placed on a desk for counting

Chinese pay “Dollars” for gas in Nigeria

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr.Makaiinti Baru has said that  Chinese banks has made commitments to bring more  money  to finance oil and gas investments in Nigeria. Continue reading

Africa Oil & Gas: Boko Haram Attack on Oil Team Said to Have Killed 48 in Nigeria

 

Nigeria, Madgurie898c09fa0ad450fb33a82a8fa27e6bd_18

Boko Haram attack on Nigeria oil team killed more than 50: sources

An attack on a Nigerian oil exploration team by Boko Haram Islamist militants killed at least 48 people, hospital and military officials in the northeast city of Maiduguri said. Continue reading

Global Oil & Gas: OPEC Moves To Cap Nigerian Oil Output, Boost Compliance

 

 

compliance

OPEC call on members to boost compliance

 

OPEC moved on Monday to cap Nigerian oil output and called on several members to boost compliance with production cuts to help clear excessive global stocks and support flagging prices as reported by Reuters. Continue reading

Africa Oil & Gas: NNPC, Halliburton Partner On Oil Search in Chad Basin

NNPC oil facilities

NNPC aims to raise Nigeria oil reserves and production

In a renewed effort to raise the country’s oil reserves and production, the Nigerian National Petroleum Corporation (NNPC) has entered into a partnership with Halliburton, a global service providing company in the oil and gas sector, to realize its search for oil in the Chad Basin.

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Africa Oil & Gas: “Downstream oil sector has $10bn investments deficit” – Kachikwu

Emmanuel-Ibe-KachikwuThere is an absolute urgency for Nigeria to begin to address her infrastructural problems, Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu said yesterday. Continue reading

Africa Oil & Gas: Nigeria Oil Thieves Keep a Lid on Output

 

Nigerian farmers take Shell to court in a landmark oil polllution case

Nigeria Oil Thieves Keep a Lid on Output Even as Bombs Abate

The Agbada 2 flow station should have been buzzing with activity, pumping crude to one of Nigeria’s largest export terminals. Instead it was idle in the muggy, mid-morning heat as Wilcox Emmanuel, the facility’s manager, shrugged in resignation about the thieves who’d shut him down. Continue reading

Africa Oil & Gas: Savannah Petroleum sells Niger’s assets to Seven Energy group

For-Sale

Savannah Petroleum said July 13 that it is talks to sell its West Africa assets to Nigerian producer Seven Energy

UK-listed explorer Savannah Petroleum said July 13 that it is talks to sell its West Africa assets to Nigerian producer Seven Energy, having entered into a binding exclusivity agreement in relation to the potential sale of its oil and gas assets in the region.

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