Seplat expects higher production this year, despite ANOH delays
Seplat Energy saw production drop in 2021 but, with the expectation that a new export route will open in March, expects better things ahead.
Nigeria
Seplat strikes deal for Exxon’s shallow-water assets in Nigeria
London-listed Seplat Energy has announced a deal to acquire ExxonMobil’s Nigerian unit.
Panoro focuses on development in 2022
Panoro Energy more than tripled its production in 2021, to 7,582 barrels per day of oil.
High and volatile oil prices for the next five years, BofA forecasts
Brent oil prices average $60-80 per barrel until 2027, BofA Global Research has said in a new report, suggesting high prices are here to stay – at least in the medium term.
Amec Foster Wheeler cash to build Nigerian roads in compensation deal
The UK has reached an agreement to hand over £210,610 to Nigeria, based on penalties paid by Amex Foster Wheeler (AFW).
Savannah strikes Port Harcourt gas supply deal
Savannah Energy has signed a new gas sales agreement in Nigeria, via its Accugas subsidiary.
El Molla oversees slew of deals at Egypt show
Egyptian Minister of Petroleum and Mineral Resources Tarek El Molla has struck deals with Apache and Yemen, while backing plans for an Egyptian company to pursue petrochemical works in Nigeria.
NNPC blames Litasco cargoes for fuel woes
Nigerian National Petroleum Corp. (NNPC) has named and shamed importers for bringing in sub-standard fuel products.
IMF counsels end to subsidies, as Nigeria talks extensions
Nigeria is benefiting from higher oil prices, the International Monetary Fund (IMF) has said, but its deficit will widen this year.
Concerns mount on Trinity Spirit oil leak, missing workers
The Trinity Spirit fire last week may have spilled 50,000 barrels of oil into waters off Ondo State, the local government has warned.
NUPRC launches investigation into Trinity Spirit fire
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has launched an investigation into the Trinity Spirit disaster.
FPSO in flames offshore Nigeria
A production vessel offshore Nigeria appears to have been gutted in a fire that broke out overnight.
Trafigura steps in to back Sirius production plans
Trafigura has agreed to provide up to $200 million to Sirius Petroleum to fund its plans in Nigeria, at OML 65.
Afreximbank to support NNPC in $5bn fundraise
The African Export-Import Bank (Afreximbank) will work with Nigerian National Petroleum Corp. (NNPC) to raise $5 billion.
Out of time on Nigeria’s marginal bid round
If you were one of the winners of Nigeria’s marginal field bid round but have not paid the signature bonus, too bad, your time is up.
Dangote pushes 650,000 refinery start to end of year
Dangote Industries will commission its 650,000 barrels per day refinery by the end of the year, officials have told African Development Bank (AfDB) president Akinwumi Adesina.
Police should hunt illegal refineries, not own them, Wike warns
Rivers State Governor Nyesom Wike has launched new plans to crack down on illegal refining, including tackling those facilities linked to the security forces.
ADM fights off shareholder, as Nigerian legal fight delays
ADM Energy’s board has seen off a shareholder activist attempt at revolution, while a legal challenge over an oilfield in Nigeria has been pushed back.
NLNG doubles down on domestic LPG, while Train 7 languishes
Nigeria LNG (NLNG) will supply all of its LPG production to the domestic market, the company has announced, in line with the government’s plans to bolster local consumption.
Heirs Holdings issues OML 17 tender
Heirs Holdings has launched a tender for work on the Elelenwa multi-phase pump gathering station, on OML 17 in Nigeria.
Expat hydropower workers missing after Nigeria attack
An unidentified group attacked workers at the Zungeru hydropower plant, in Nigeria’s Niger State, killing security guards and injuring workers.
Legislative reform benefits Nigerian oil investment
Nigeria is the largest economy in Africa, with the government highly dependent on oil revenues. As such, Nigerian National Petroleum Corporation (NNPC) is crucial to the country and the state.
Buhari appoints NNPC board
Nigerian President Muhammadu Buhari has appointed a board to oversee Nigerian National Petroleum Corp. (NNPC) Ltd.
Ex-Seplat exec launches rival bid for Exxon assets
Former Seplat Energy executive Austin Avuru appears to be clashing with his old company in the pursuit of ExxonMobil’s mature onshore Nigerian assets.
Port Harcourt refinery fire contained
Nigerian National Petroleum Corp. (NNPC) has reported a “minor fire incidence” at its Port Harcourt refining complex.