New Oilfield Discovered in Nigeria Chevron Nigeria Limited (CNL) has announced the discovery of a new oil field in Nigeria. The “new gold mine” estimated to hold 17,000 barrels of oil per day (bpd), is located in the shallow offshore area of the Niger Delta. The development...

OML 118 Dispute Resolution: Kyari’s Legendary Leadership & Nigeria’s Next Billion Barrel, by Momodu Abutur       Mother Nature has a way of depositing its vast treasures wherever it pleases. In the wonderful world of hydrocarbons, these resources are either placed onshore (on land) or offshore (in...

OML 118: NNPC, SNEPCo, Others Sign Multi-billion Dollars Pact       The Nigerian National Petroleum Corporation (NNPC) and its Production Sharing Contract (PSC) partners – Shell Nigeria Exploration and Production Company (SNEPCo), Total Exploration and Production Nigeria Limited (TEPNG), Esso Exploration and Production Nigeria Limited (EEPNL) and...

OML 143: NNPC, SEEPCO Sign Gas Development Agreement to Unlock 1.2TCF The gas development and commercialization programme of the Nigerian National Petroleum Corporation (NNPC) received a boost Thursday with the execution of the Oil Mining Lease (OML) 143 Gas Development Agreement (GDA) by the NNPC...

Rivers, Shell Tango Over Ownership Of Oil Block       The Rivers State Government and Shell Petroleum Development Company are on a collision course over the ownership of Oil Mining Lease 11 and the Kidney Island in Port Harcourt, the state capital. The state government said on Wednesday...

NEITI Clears NNPC, Says 11 Audit Issues Resolved         The Nigeria Extractive Industries Transparency Initiative, NEITI, yesterday, disclosed that 11 out of the 20 audit issues raised against the Nigerian National Petroleum Corporation, NNPC, in its past audit reports have been resolved. In a statement in Abuja,...