Eland raises expectations for latest Nigerian well, lifts shares
Aberdeenshire-based Eland Oil and Gas said today that its latest well in Nigeria was capable of beating initial estimates.
Nigeria
The 5 countries that could push oil prices up
Oil prices appear to be stuck in the $50s per barrel, but that doesn't mean there aren't serious supply risks to the market.
Eland eyes further production gains in Nigeria
Eland Oil & Gas has successfully completed sidetrack drilling at Opuama-7 in Nigeria.
Eland confirms sidetrack well under way in Nigeria
Eland Oil and Gas confirmed today that work on a sidetrack well had begun on its core asset in Nigeria.
Shell fires-up production in Nigeria
Shell today confirmed it had kick-started production at Gbaran-Ubie Phase 2 in Nigeria's Niger Delta region.
Nigeria cuts production costs to $23 per barrel, report says
Nigeria's state oil company said the company's production costs had been trimmed to $23 per barrel, down from $29 in July, a news report said.
Erin Energy begins drilling Oyo-9 well
US firm Erin Energy said today that drilling had begun on a new well on the Oyo field off the coast of Nigeria.
Protesters descend on Shell crude station in Nigeria, report says
Hundreds of protesters have descended on a Shell crude oil flow station in the Niger Delta, a news report said.
Oil contracts kidnapped in Nigeria by ‘Boko Haram’, report says
A group of 10 university researchers have been kidnapped in Nigeria by suspected Boko Haram insurgents, the state’s oil company said today, according to a news report.
Shell shuts in Nigerian pipeline after leak
A leak has forced Shell to shut its Trans Niger pipeline in Nigeria, a news report said.
Output caps for Libya, Nigeria ruled out for now
Limiting oil output from Nigeria and Libya won’t be on the agenda when OPEC and other producers meet on Monday, with both African nations saying they’ll need to keep pumping at a higher level before they can join a global effort to stem a supply glut, according to two people familiar with the planned talks.
Output from Eland’s Nigerian licence reaches 40 year high
West-Africa-focused Eland Oil and Gas said today that production from one of its Nigerian licences had reached its highest level since 1977.
Nigeria oil thieves keep a lid on output
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.
Schlumberger signs agreement to help develop Nigeria fields
Oil giant Schlumberger has signed an agreement to develop the Anyala and Madu fields under oil mining licences (OML) 83 and 85, offshore Nigeria.
Eland Oil & Gas signs rig deal
Eland Oil & Gas has signed a rig deal with OES Energy Services for its Nigeria campaign.
Sirius shares leap nearly 50% thanks to BP funding update
Shares in Sirius Petroleum jumped almost 50% today after the London-listed oil firm confirmed it was in talks with BP over a financing deal.
Nigeria’s Forcados oil comes back in fresh blow to OPEC cuts
Royal Dutch Shell Plc lifted restrictions on exports of a key Nigerian crude oil, 472 days after imposing them following militant attacks. The extra flows alone amount to about 20 percent of the supply OPEC has pledged to cut from world markets.
Aberdeen’s Eland restarts Nigerian well, crude shipping complete
Aberdeen based Eland Oil and Gas has re-started production from one of its Nigerian assets.
Eland boosted by oil recovery mark-up on Nigeria asset
Africa-focused Eland Oil and Gas today revealed that it could recover 22.6billion barrels more from four of its Nigerian wells than first thought.
Eland secures $24million borrowing base for Nigeria projects
West-Africa-focused Eland Oil and Gas said today that it had secured a borrowing base of $24million following a review with its lender.
Two dead in crackdown on illegal refineries in Nigeria
Nigeria’s military crusade to rid the country of hundreds of illegal refineries led to the death of two soldiers yesterday, a news report said.
Shell knew Nigeria ex-minister’s firm would get oil-deal payments
Shell said it knew some of the $1.1 billion paid to the Nigerian government in 2011 for an exploration license would go to a company linked to the country’s former oil minister, changing its previous stance on a deal that’s under investigation for alleged corruption.
Green groups slam Shell’s Brent plans, firm denies wrongdoing in Nigeria
Environmental groups have rejected Shell’s plans to decommission the Brent oilfield in the North Sea.
Shell, Eni deny making illicit payments in Nigeria oil field deal
Shell and Eni today reiterated that they did not make fraudulent payments when buying a Nigerian oil field in 2010-11.
MoU signed beween GE and Lekoil over offshore Nigeria fieldwork
Africa focused exploration and production firm Lekoil (AIM:LEK) has signed a memorandum of understanding (MoU) with American multinational GE Oil and Gas for offshore work in Nigeria.