Sector News

The Federal Government of Nigeria has unveiled plans to boost its revenue with a proposed royalty rate of 50% for oil..

Shell Petroleum Development Company of Nigeria Limited has declared force majeure on exports of Bonny Light crude..

Eland Oil & Gas PLC (AIM: ELA) has signed a rig contract with KCA Deutag for the T-57 land rig to drill the Ubima-1..

Vitol, Glencore and Shell are all competing to buy the African arm of Brazil’s Petrobras that owns stakes in two..

The Nigerian National Petroleum Corporation (NNPC) has recommended the splitting of petroleum licences into two..

The Nigerian National Petroleum Corporation (NNPC) has issued crude export contracts which are expected to last for..

A Nigerian based arbitral tribunal has issued an award against Statoil, the Norwegian state oil firm over the..

Nigeria’s Guaranty Trust Bank and a subsidiary of Royal Dutch Shell have granted a $270 million loan facility to Amni..

Nigerian Content Development and Monitoring Board (NCDBM) says it will begin the prosecution of oil and gas companies..

The Nigerian Natural Resource Chapter (NNRC) recently reported that Nigeria‘s natural gas reserves including..