30 results
- 17 Jan 2021
Heirs Holdings Acquires 45% Per Cent of OML 17 from Shell, Total and ENI
Heirs Holdings (“HH”), the leading African strategic investor, in partnership with affiliated company Transnational Corporation of Nigeria Plc (“Transcorp”), Nigeria’s largest publicly listed…
- 31 Jan 2021
Standard Chartered Leads Trans-Niger Oil & Gas’s Acquisition of OML 17
Standard Chartered Bank acted as Global Co-Ordinator/Financial Advisor to Heirs Holdings Oil & Gas Limited (formerly Trans-Niger Oil & Gas Limited) on its acquisition of a 45% working…
- 10 Jul 2012
Standard Bank Group, JP Morgan Finance Acquisition of Oil Mining Lease
The Standard Bank Group and JP Morgan have provided instrumental support in financing the acquisition price of oil mining lease in Nigeria (OML 30). Standard Bank will further provide the permanent…
- 6 Jun 2019
FG Revokes Oil Licences of 5 Companies
Federal government via the Department of Petroleum Resources (DPR) has revoked five oil mining licences (OML) and one oil prospecting licences (OPL) belonging to five companies. This was…
- 20 Nov 2014
Shell Completes sale of Nigeria Oil Field Stake for $600m
Royal Dutch Shell said on yesterday it had completed the sale of its 30 percent stake in Nigeria's onshore Oil Mining Lease (OML) 24 in the Eastern Niger Delta to Newcross Exploration and Production…
- 6 Jul 2020
Atlas Petroleum Resumes Development of OML109 in Nigeria
Over the weekend, Atlas Petroleum International has resumed work over activities and well interventions on OML 109 in Nigeria in order to enhance production from the Ejulebe marginal field. Awarded…
- 22 Aug 2022
Old Mutual Nigeria Launches Digital Platform for Insurance Brokers
As part of its commitment to give Nigerians easy access to insurance products, the Nigerian subsidiary of Old Mutual Limited (OML), has launched a bespoke online platform for brokers, one of the most…
- 3 Oct 2017
Total’s Egina Project: TechnipFMC Installs 6 Manifold Modules in Nigeria
The six (6) manifold modules built by TechnipFMC for Total’s Egina project have been successfully installed in the field located offshore Nigeria within OML 130. They have been manufactured at the…
- 14 Aug 2020
SPDC Appeals Asset Sale Judgment
SPDC is very disappointed that the Rivers State High Court affirmed the enforcement of the purported sale of interests in SPDC’s JV’s assets in Kidney Island and specified interests in OML 11 to the…
- 31 Jul 2014
CBO Capital Arranges $55m for Owel-Linkso Gas Plant Acquisition
Owel-Linkso Group has completed the acquisition of the Egbaoma Gas Processing Plant located in OML 38, from the Platform Petroleum/Newcross Joint Venture. The equity investment supporting the…
- 21 May 2015
PENGASSAN, NUPENG on Strike to Worsen Fuel Crisis
Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), and the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), have begun an indefinite strike that may completely…
- 8 Jan 2018
Group Tackles Mobil over $600m Oil Bloc
A non-governmental organisation, the Human and Environmental Development Agenda (HEDA Resource Centre), has requested for clarification on the renewal of some oil mining leases in possession of Mobil…
- 30 Jul 2021
Shell Hires Standard Chartered for Sale of SPDC, Major Divestment in Nigeria
Royal Dutch Shell has launched a major divestment of its Nigerian assets, several sources familiar with the matter said. Shell has hired Standard Chartered to sell its Shell Petroleum Development…
- 10 Mar 2019
SNEPCo’s Performance Excites Partners as Firm Publishes Deep-Water Journey
The government partner of the Shell Nigeria Exploration and Production Company (SNEPCo) has showered encomiums on the firm for its pioneering role in the deep-water sector of the Nigerian oil and gas…
- 13 Oct 2020
Eni Seeks World Bank Arbitration in Nigeria Oilfield Dispute
ENI.MI has filed a request for arbitration against Nigeria at the World Bank's dispute settlement body and plans to argue that the country's failure to allow it to exploit an oilfield it acquired…
- 13 Jan 2021
Chappal Petroleum Development Company Appoints Ufoma Immanuel as MD
Ufoma Joseph Immanuel has been appointed as the Managing Director of Chappal Petroleum Development Company ‘Chappal’, effective January 2021. Ufoma is also one of the founding partners of Chappal, an…
- 2 Jul 2013
Heritage Oil Inks Long-Term Debt Refinancing for Nigeria
Heritage Oil Plc, an independent upstream exploration and production company, said that Shoreline Natural Resources Limited , a special purpose private Nigerian company formed between a subsidiary of…
- 13 Sept 2021
Shell Trains 40 Imo Youth for Assa North-Ohaji South Gas Project
The Shell Petroleum Development Company of Nigeria Limited (SPDC),leading energy company, has commenced a one-year professional and vocational training for 40 youths from the SPDC Joint Venture host…
- 22 Jun 2022
Senate Probes Shell Over Alleged Joint Venture Breach
The Senate, on Wednesday, constituted an Ad-Hoc Committee to investigate Shell Petroleum Development Company (SPDC) over non-compliance with the Petroleum Act and breach of the Joint Venture…
- 18 Dec 2015
NNPC/SNEPCo Showers Gifts on Innercity Pupils
NNPC/SNEPCo showers gifts on school children at end of year party pupils of the Innercity Mission School, Lagos were proud hosts of a Christmas party organised by Shell Nigeria Exploration and…
- 16 Sept 2014
Total Resumes $2.5B Nigerian Deepwater Oil Field Sale
France's Total SA, Europe's second largest oil company, has put one of its offshore Nigerian oil fields up for sale again, the company said, after a 2012 deal with Sinopec Corp failed. Total has…
- 20 Sept 2024
Court Orders Belemaoil to Pay Over $21m, ₦10Bn Contract Debts to BGP/CNPC
A High Court in port Harcourt, Rivers State, has ordered Belemaoil Producing Limited (Belemaoil) to pay the sum of more than $21 billion and another nearly N11 billion to BGP/CNPC International…
- 3 Jul 2025
NNPCL Posts 40% Profit Hike, Hits ₦1 Trillion Mark
Nigerian National Petroleum Company Limited (NNPCL) has announced a profit after tax of ₦1.054 trillion for May 2025, representing a significant 40.4 percent jump from the ₦748 billion recorded in…
- 12 Nov 2025
Africa’s TikTok Trailblazers Take the Spotlight at 2025 Awards Ceremony
TikTok is set to honour Africa’s most influential digital creators at the 2025 TikTok Awards Sub-Saharan Africa, scheduled to hold today in Johannesburg. The event, which celebrates the creators,…
- 25 Aug 2008
Adenuga, Conoil Boss Bags Lifetime Award
Dr. Mike Adenuga, business mogul and chairman of Conoil Plc, a major player in the downstream sector of the oil and gas industry, has been inducted into the Nigerian Oil and Gas Hall of Fame, in…
- 7 Sept 2009
Afren, Oriental, Addax Ink Deal on Okwok Field
Afren has extended its indigenous partnership in Nigeria with Oriental and formed its first Nigerian partnership with Addax Petroleum, to jointly develop the Okwok Field . Under the terms of…
- 20 Nov 2012
Total Sells Stake in Nigerian Oil Field to Sinopec for $2.5Bn
Total has said that it is selling a 20 percent stake in a Nigerian offshore oil field to China's Sinopec in a $2.5 billion deal which will help the French oil group fund its ambitious exploration…
- 23 Jan 2013
Dark Clouds over Egina $13.35Bn Project
Group executive committee (GEC) of the Nigeria National Petroleum Corporation (NNPC) has returned a damning indictment on National Petroleum Investment Management Services (NAPIMS), Total Upstream…
- 27 Feb 2013
Diamond Advocates Capacity Building in Nigerian Oil & Gas Industry
To entrench a culture of sound corporate governance practices in the Nigerian oil and gas industry, there has to be a consistent investment in capacity building across board in companies operating in…
- 4 Jun 2013
Senate Invites Alison-Madueke, Others over N59trn Oil Block Deal
Senate Committee on Petroleum (Upstream) will today hear the defenses of Mrs. Diezani Alison-Madueke, minister of Petroleum Resources and Mr. Andy Yakubu, group managing director, Nigerian National…