Joint-venture partners in the OML 113 permit offshore Nigeria will decide on supporting Phase 2 of the Aje development following the completion of technical work on the field.
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Nigeria and South Sudan signed a cooperation agreement on oil and gas, trade, education, health, culture, among others. Nigeria’s Foreign Affairs Minister, Geoffrey Onyeama, and his South Sudanese counterpart, Nhial Deng Nhial, signed the agreement in Abuja.
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US electric car manufacturer, TESLA, plans to introduce batteries on the Nigerian market that can power homes and businesses. The batteries would allow for consumers’ in remote areas without access to the national power grid a more stabilized and clean energy source. Director General of the Bureau of Public Enterprise, Alex Okoh, said, “TESLA’s introduction could take advantage of palpable outrage in a country where over 190 million people share barely 400 MW of power”….
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There is strong interest across the industry in making LNG-to-power work in sub-Saharan Africa, but nobody has yet cracked a structure that works.
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French oil and energy group Total will formally approve a decision to proceed with the Ikike project in Nigeria in the coming months, said chief executive Patrick Pouyanne quoted by Reuters news agency.
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A leading contender in Nigeria’s presidential election next month has pledged to privatise the country’s oil industry, but that’s a promise that might prove hard to keep, some observers say quoted by AFP. Atiku Abubakar, the main opposition party contender, has vowed to break up the Nigerian National Petroleum Company (NNPC), which he called a “mafia organisation”. The NNPC and other state-run organisations have been widely criticised as becoming slush funds for successive governments, particularly…
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What Angola can learn from Nigeria as it creates remarkable opportunities for marginal oil production.The Nigerian experience with marginal oil field development had measurable success, with 24 licenses awarded to 31 companies, some as sole operators and others as joint-ventures.
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Nigerian energy firm Forte Oil plans to enter into talks to sell its power unit to its major investor, billionaire Femi Otedola, after it failed to secure a deal via a public tender.
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Lawyers for the Nigerian government said they had filed a $1.1-billion lawsuit against Royal Dutch Shell and Eni in a commercial court in London on Thursday in relation to a 2011 oilfield deal.
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Nigeria’s first gold refinery is expected to more than triple its capacity within five years after operations begin next June, an executive at the company developing it said on Tuesday.
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