Nigeria sees bolt on progress, amid delays for big-ticket deals
Nigeria expects IOCs working in the deepwater to launch new projects, although the big ticket items face continued delays.
Agbami
Conversion of OML 130 could trigger FID from Total at Preowei
Partners in Nigeria’s OML 127 and 130 continue to work on conversion to new terms – with success potentially triggering approval for the Preowei discovery.
NNPC extends four licences on pre-PIA terms
Nigerian National Petroleum Corp. (NNPC) has renewed licences with leading international companies in the deepwater in a move expected to unlock new investments.
Equinor says it wins Nigeria case over Agbami oil profits
Equinor ASA said the Nigerian Supreme Court overturned a ruling that had threatened to divert 1.5% of the company’s profits from one of the country’s largest oil fields to a former consultant.
Africa Oil, the exception
Few companies are paying down debt while staying bullish on exploration plans, but Africa Oil is an exception.
NNPC is watching you, and its products
Nigerian National Petroleum Corp. (NNPC) is to introduce a contact-tracing application across its locations in order to help curb the spread of coronavirus.
Africa Oil sees Nigerian profits roll in
Africa Oil paid down $45.2 million of its debt during the first quarter, after receiving $87.5mn from its stake in three major Nigerian oilfields.
Petrobras finally out of Africa
Petrobras has concluded the sale of its 50% stake in Petrobras Oil & Gas BV (POGBV), through which it held stakes in Nigeria’s Egina and Agbami fields.
Africa Oil goes it alone in Nigeria deal
Africa Oil will go it alone in the acquisition of stakes in major fields offshore Nigeria after its partners, Delonex Energy and Vitol Investment Partnership, both withdrew.