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NIGERIA: Lekoil Responds to Press Speculation on Metallon Corporation Shareholding

LEKOIL notes the recent local press speculation in relation to a letter received by the Company from the Honourable Minister of State of Petroleum Resources of Nigeria in connection with … Read More

What happens to the African Energy Industry if Western Lenders cut off Loans for Fossil Fuel Projects?

By NJ Ayuk A little more than a year ago, in November 2019, the European Investment Bank (EIB) declared its intention to phase out funding for fossil fuels. Specifically, it said … Read More

Canadian Overseas Petroleum Limited Announces £6,000,000 Placing

Canadian Overseas Petroleum Limited has announced that: • COPL has closed a non-brokered private placement of Units with institutional investors, family office, high net worth private investors, the Company’s Chief … Read More

NIGERIA: NCDMB, PETAN sign agreement on US$30m Working Capital Scheme

The Nigerian Content Development and Monitoring Board (NCDMB) and the Petroleum Technology Association of Nigeria (PETAN) on Monday signed an agreement on US$30m Working Capital Scheme that will support the … Read More

Nigeria to Spearhead Africa Refinery Capacity Additions by 2024

Nigeria is expected to drive the refinery capacity growth in Africa by 2024, contributing around 71% of the region’s total growth. Nigeria is likely to add 1.5 million barrels per … Read More

NIGERIA: Buhari inaugurates 5,000 bpd Waltersmith Modular Refinery

A 5,000-barrel per day Waltersmith modular refinery in Ibigwe in Imo State in south-eastern Nigeria was on Tuesday inaugurated by President Muhammadu Buhari. Inaugurating the refinery, which was performed virtually, … Read More

NIGERIA: Seplat Provides Operational Highlights & 2021 Outlook

Operational highlights  ·      Working-interest production within guidance at 50,653 boepd, despite market volatility  ·      Liquids production of 33,327 bopd, gas production of 100 MMscfd ·      Eland OML40/Ubima assets produced 9,151 bopd, 27.5% of … Read More

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