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Nigeria

Eland Oil & Gas wins more funding than expected

Despite the gloom hanging over oil markets Eland Oil & Gas’s stakeholders are upping their investment in the firm.

Subscribers only Energy 10.05.2016

Financial leg-up for Chevron & NNPC from United Bank for Africa

United Bank for Africa is expected to invest over $1 billion in helping Chevron and NNPC to develop 36 wells.

Subscribers only Energy 10.05.2016

Muhammadu Buhari also faces militant unrest in Niger Delta

Despite his efforts to bolster security in the Niger Delta [...]

Subscribers only Energy 10.05.2016

AFD and EU offer funding to distribution firms

Agence Francaise de Developpement (AFD) and other partners of the [...]

Subscribers only Energy 10.05.2016

Good news at last for Erin on Oyo field

The accounts of Erin Energy, an American explorer on OML [...]

Subscribers only Energy 10.05.2016

Bouisset to spearhead Endeavour's exploration drive

In addition to dominating gold production in West Africa, Endeavour is to make a name for itself in exploration as well.

Subscribers only Mining 03.05.2016

Petroci attacks trader MRS in spat concerning Corlay Global

State-owned Petroci has revived its offensive against its Nigerian partner, the trading group MRS, concerning their joint affiliate Corlay Global. [...]

Subscribers only Energy 19.04.2016

Abuja still siphons off Bakassi’s oil, to Yaounde’s displeasure

Although Nigeria turned the Bakassi peninsula over to Cameroon in 2008 Abuja has made no effort to share oil revenue from offshore fields.

Subscribers only Energy 19.04.2016

Oando's great deal with Kosmos

Flatlining ever since an abortive licensing round in 2011, Sao Tome’s economic zone will get a fresh lease on life with Kosmos’ arrival. And it’s only the first step in an ambitious program.

Subscribers only Energy 19.04.2016

Breath of fresh air for cash-strapped Erin Energy

Erin Energy has been granted a delay in paying down its debt, giving it breathing space after a rocky end to 2015.

Subscribers only Energy 19.04.2016

Peter Nwaoboshi, the man to cultivate in the Niger Delta

The former political adviser to the renowned governor of Delta state, James Ibori, Peter Nwaoboshi has emerged as an ever [...]

Subscribers only Energy 19.04.2016

Amenounve behind push for mining exchange

The general manager of the Bourse Regionale des Valeurs Mobilieres (BRVM), Togo-born Edoh Kossi Amenounve, is behind a move to [...]

Subscribers only Mining 12.04.2016

Spotlight
Local oil firms declare war on NPDC

The forced sale of producing blocks to Nigerian juniors by former president Goodluck Jonathan’s government fell far short of pleasing those who benefited from it. No sooner had the government awarded the blocks than it said the national oil company [.