Buhari to get new oil and gas reform bill to boost output

President Mohammed Buhari is to receive from the federal ministry of petroleum resources the oil and gas reform bill in the quest to boost output and attract foreign investment.   The oil and gas reform bill is critical this time as the shift in the market that favours renewable energy has made it tough for […]

NNPC to boost domestic market gas delivery with launch of standard code 

…Code to standardize gas value-chain …domestic consumption still low at 609.3 MMcf     As Nigeria sets code to standardize its gas value-chain, the national oil company, NNPC says it is committed to working with relevant partners and stakeholders in the oil and gas sector to boost delivery of gas to the domestic market. Known […]

Eni absolves management from OPL 245 payments

  Says development of field to bring great economic benefits to Nigeria Eni, the Italian oil giant, has published documents on its website in which it said, depict that its management was never complicit nor had any knowledge of the payments made in the multi-billion-dollar OPL 245, also called Malabu oil field.   “Eni reiterates the total alienation of […]

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 […]