The Nigerian National Petroleum Corporation and the Nigerian Agip Oil Company Joint Venture is set to boost the Federal Government power generation aspiration by 480 megawatts through the completion of its Okpai Phase II Independent Power Project by 2019.
Nigeria's excess oil revenue has risen to N11.1 billion ($36.6 million) daily as the price of crude oil hits $60.44 per barrel in the international market.
Oando PLC, Nigerian indigenous energy group listed on both the Nigerian and Johannesburg Stock Exchange, today announces unaudited results for the nine months period ended 30 September, 2017, with the following highlights:
Erin Energy has announced that funding commitment has been obtained to drill our high-impact Miocene exploration well. Site survey of drilling location has been completed and the well is planned to be spudded during this quarter.
San Leon Energy PLC said on Friday its loss narrowed in the first half of 2017, as it says it is concentrating on its Nigerian interests.
Shoreline Energy and The Shell Petroleum Development Company of Nigeria Limited have signed an agreement to explore opportunities to buy, market, distribute and sell natural gas to consumers and companies in Victoria Island.
NNPC has pledged support to the Presidential Committee on Harmonised Standard Operating Procedures on Arrest, Detention and Prosecution of Vessels and Persons in Nigeria’s Maritime Environment (HSOP) to tackle the menace of oil theft.
Lumos, the people behind one of the fastest growing off-grid solar companies in Africa, have said that the mobile solar revolution will transform Nigeria’s small-business economy.
The Nigerian National Petroleum Corporation (NNPC) has driven down the cost of crude oil production from $78 dollars per barrel as at August 2015 to $23 per barrel representing 70.5 per cent reduction.
Erin Energy Corporation today announced it has commenced drilling of the Oyo-9 well (Oyo-9). Oyo-9 is being drilled with the Pacific Bora sixth-generation drilling rig on the Oyo field offshore Nigeria.