Buhari to launch northern Kolmani River development
Nigerian President Muhammadu Buhari will attend a ceremony tomorrow marking the first oil development in northern Nigeria, at the Kolmani River field.
Nigerian Petroleum Development Co. (NPDC)
NPDC claims Kolmani River success, launches infrastructure bid
Nigerian Petroleum Development Co. (NPDC) has issued a request for expressions of interest (EoI) on the development of two licences in Nigeria’s northeast.
Nigeria commissions LPG plant at Oredo
Nigerian President Muhammadu Buhari has officially inaugurated Nigerian Petroleum Development Co.’s (NPDC) integrated gas handling facility at Oredo.
Hull rupture hits Seplat’s export link at OML 40
Seplat Petroleum has reported another accident at its OML 40, in the Niger Delta.
Oil woes hit Seplat, while gas holds up
Lower oil prices cut into Seplat Petroleum’s revenues for the first nine months of the year, to $388 million down from $494.9mn for the same period of 2019.
NNPC signs $1.5bn export finance facility
The United Bank for Africa (UBA) has participated in a consortium to lend $1.5 billion to Nigerian National Petroleum Corp. (NNPC) and its upstream Nigerian Petroleum Development Co. (NPDC) unit.
Nigeria feels the pinch
Nigeria is under particular strain as a result of the low oil price crisis, industry participants said during a webinar, demonstrated by a government decision to plan for $20 per barrel oil.