Sector News

European trading house Vitol has reached a USD$530 million deal with Nigeria’s Shoreline to finance an oilfield in..

Lukoil Russia’s second largest crude producer is ready to expand its upstream portfolio with new or recently acquired..

Two of Africa’s four largest Greenfield Oil Developments, the Shell operated Bonga South West-Aparo (BSWAP), located..

Recently, a total of 254 indigenous and foreign owned entities submitted bids for the sale and purchase of the..

China’s Sinopec Group has announced it is withdrawing its presence in Nigeria and Gabon and has hired BNP Paribas to..

Pakistan has turned to Nigeria to meet its domestic gas needs as the South Asian country has commenced purchase of..

The Brazilian national oil company, Petrobras has announced that it was offloading its Nigerian subsidiary as part of..

Nigeria’s Debt Management Office (DMO) has plans to raise N710 billion ($2.26 bln) via restructuring its equity in..

Optimum Petroleum Development Ltd, a Nigerian based exploration, development and production company, has announced..

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has disclosed that the Ministry has received..