NIGERIA: Petroleum Department Speaks on Oil and Gas Digitalization

The Oil and Gas Service Providers Association of Nigeria, OGSPAN has agreed on a plan to establish a Petrohub, which is aimed to digitalize sales of petroleum products in the marketplace. This was made known by the Oil and Gas Service Providers Association of Nigeria President, Mazi Colman Obasi. He said that the Director, Department… Continue reading NIGERIA: Petroleum Department Speaks on Oil and Gas Digitalization

NIGERIA: Oil Marketers Disagree with FGN Regulations

A problem that may lead to fuel scarcity and relating issues is brewing between the Oil Marketers of Nigeria and the Federal Government as the Oil Marketers declare their final statement, terms, and conditions to the Government. The Oil Marketer stated that the Federal Government should remove some regulations imposed on them and the Petroleum… Continue reading NIGERIA: Oil Marketers Disagree with FGN Regulations

NIGERIA: Lekoil Sources $184 Million for Ogo Oil Project

Lekoil, a Discovery and Oil Production Company, Lekoil Limited Exploration and Production (E&P) Company has networked about $184 million for assessment and development of its proposed Ogo Filled Project located in Oil Prospecting Lease(OPL) 310. Lekoil Limited has concentrated on Nigeria and other West Africa Countries. The company has signed a loan agreement with Qatar… Continue reading NIGERIA: Lekoil Sources $184 Million for Ogo Oil Project

GUINEA: Country to Expand Energy Sector

The Ministry of Energy, Equatorial Guinea has presented a whole round of oil and gas projects to investors in Malabo, Guinea. This is in the efforts of the country to develop its oil industry. Mr. Gabriel Obiang Lima, the Minister of Mines and Hydrocarbon in Equatorial Guinea has also requested investment to build 3 oil… Continue reading GUINEA: Country to Expand Energy Sector

NIGERIA: NCDMB and Watersmith Petroleum Collaborate to Build a Modular Refinery

The Nigerian Content Development and Monitoring Board (NCDMB) has revealed its plans with Watersmith Petroleum in building a modular refinery in Brass, Bayelsa State. This was said by the Executive Secretary of the board (NCDMB) Mr. Simbi Wabote, during the inauguration of a modular science laboratory at Model Government Secondary School, Twon Brass and the… Continue reading NIGERIA: NCDMB and Watersmith Petroleum Collaborate to Build a Modular Refinery

NIGERIA & ANGOLA: Oil Sector Experiences Major Boost As U.S Increase Oil Import

Photo Credit: The Guardian Nigeria

The Oil and Gas sectors of countries such as Nigeria, Angola, Brazil and Iraq have received a boom as large orders for crude oil imports has been made by the United States refineries, with the orders of May volumes doubling that of April levels according to Refinitiv Eikon data. According to reports, oil exports by… Continue reading NIGERIA & ANGOLA: Oil Sector Experiences Major Boost As U.S Increase Oil Import

South Africa Clinches ‘Awesome’ Oil Exploration Deal With South Sudan

Stronger ties are being built amongst African countries as South Sudan strikes a deal with South Africa. South Africa has signed a deal to explore for oil in South Sudan, as part of a potential $1bn investment that the petroleum minister in the war-torn east African country hopes will eventually help to boost production. According… Continue reading South Africa Clinches ‘Awesome’ Oil Exploration Deal With South Sudan

NIGERIA: NNPC, Seplat Petroleum To Raise $700m For Gas Plant Project Due In 2020

In line with the Federal Government’s plan to reduce the nation’s reliance on oil, Seplat Petroleum Development and Nigerian National Petroleum Corporation (NNPC) is set to raise $700-million to build a joint gas project scheduled to start production next year. The project, which is known as Assa North-Ohaji South, will boost gas production and infrastructure… Continue reading NIGERIA: NNPC, Seplat Petroleum To Raise $700m For Gas Plant Project Due In 2020

NIGERIA: Real Estate Investors Expect Windfall Profit In 2019 After Records Of Losses

Available statistics indicate that the Nigerian real estate sector is currently experiencing a decline which is propelled by low bank credit. According to reports, in the year 2015, the sector had an apportioned Q1 credit of ₦615 billion, the credit in the Q2 of the same year took a fall to ₦548.2 billion, however, according… Continue reading NIGERIA: Real Estate Investors Expect Windfall Profit In 2019 After Records Of Losses