Nigeria aims to prop up marginal field plans
It intends to broker deals with service companies, where they provide work in exchange for a service fee recoverable from production.
Petroleum Industry Act (PIA)
The Tinubu presidency and Nigeria’s energy challenges
Tinubu won 36% of the votes cast, securing support from 12 of the 36 states. He received 8.79 million votes on Saturday, while Buhari – in 2019 – pulled in 15.19mn.
Oil buoys Seplat, but pipelines and politics pose problems
Last year, theft on the Nembe Creek Trunk Line (NCTL) and Trans Niger Pipeline ranged from 30% to 90%.
Africa Oil sees progress looming in Nigeria, Kenya
Africa Oil (TSX:AOI) expects a number of developments in the next month or so, including the spud of the Gazania well, an extension to its licence in Nigeria and the signing of a Kenya deal.
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.
Buhari backtracks on Seplat support for Exxon deal
Nigerian President Muhammadu Buhari has reversed his support for Seplat Energy to acquire ExxonMobil’s local joint venture, in apparent recognition of the regulator’s objections.
NNPC relaunches as independent operator in high-profile event
Nigerian National Petroleum Corp. (NNPC) has held a glitzy ceremony celebrating its relaunch as a limited company and a newfound sense of independence.
Heirs CEO talks gas plans and safe operations in Nigeria
Nigeria’s companies are starting to play an increasingly important role in the country’s production, particularly given the waning appetite for onshore risk from IOCs.
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.
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.
Nigeria’s southern governors agitate for more
A number of Nigerian governors have called for the federal government to revisit the Petroleum Industry Act (PIA).