Atlas Petroleum resumes mining at OML 109 Ejubele marginal field

14 mapped prospects Field holds 500mb oil equivalent Atlas Petroleum International, the Nigerian indigenous oil production company, with operation in 12 African countries, has announced resumption of oil mining activities and well interventions on oil morning lease (OML) 109 in Nigeria, which would enhance production from the Ejulebe marginal field. The oil block was awarded […]

New fuel price band signals Nigeria’s gradual exit from subsidy regime

After decades of an opaque, flawed and corruption-laden petrol subsidy regime, a new pump price band advised by the Petroleum Products Pricing Regulatory Agency (PPPRA) that will see petrol price move from N123.50 to between N140.80 and N143.80 per litre this July, is being seen as Nigeria finally signalling its willingness to allow the market […]

Miners’ union to work with FG, agencies to tap solid minerals for GDP growth

…inaugurates Rivers chapter Minerals sector workers under the Miners Association of Nigeria (MAN), Rivers state chapter say they are poised to collaborate with the Federal Government and relevant agencies to harness the solid minerals sector, considering the vast potentials of the sector to contribute to the nation’s gross domestic product (GDP). This is especially at […]