Middle East / Africa
Country summary: Nigeria
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Nigeria - recent news
|20 Mar 19
||Nigeria to sell stakes in joint oil assets to boost coffers
Nigeria plans to cut its stake in joint oil ventures with multinational oil companies to 40 percent this year, its budget minister said, as the country seeks to boost revenue to grow an economy recovering from recession.
|14 Mar 19
||Nigeria: Eland Oil & Gas announces new accordion facility and increased borrowing base
AIM-listed Eland Oil & Gas, an oil & gas production and development company operating in West Africa with an initial focus on Nigeria, has announced a new accordion facility and increased borrowing base.
|01 Mar 19
||Nigeria: Shell facing prosecution over OPL 245 deal
Shell has been informed by the Dutch Public Prosecutor’s Office that they are nearing the conclusion of their investigation and are preparing to prosecute Royal Dutch Shell for criminal charges directly or indirectly related to the 2011 settlement of disputes over Oil Prospecting License 245 (OPL 245) in Nigeria.
|11 Feb 19
||Nigeria: Sirius Petroleum announces production crude handling agreement for Ugo-Ocha offshore terminal
Sirius Petroleum has entered into a Crude Handling Agreement, in line with the Company's commercial offshore strategy, with the Terminal Operator of the Ugo-Ocha Floating Storage & Offloading unit (FSO) with offtake from production wells delivered via coastal tankers to the FSO.
|04 Feb 19
||Nigeria: Aje partnership continues to make significant progress towards Phase 2 development of the Aje field
AIM-listed MX Oil has provided an update with regard to the Aje field, located in licence OML 113, offshore Nigeria. The Aje partnership continues to make significant progress towards Phase 2 development of the Aje field.
Nigeria - more news