Africa Oil & Gas: Nigeria’s Aje partners pushing towards phase II

Africa Oil & Gas: Nigeria’s Aje partners pushing towards phase II

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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Africa Oil & Gas: Nigeria and South Sudan Sign Cooperation Agreement

Africa Oil & Gas: Nigeria and South Sudan Sign Cooperation Agreement

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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Africa Energy: TESLA to Enter Nigerian Energy Market

Africa Energy: TESLA to Enter Nigerian Energy Market

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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Africa Oil & Gas: Total to approve Nigeria’s Ikike project in coming months

Africa Oil & Gas: Total to approve Nigeria’s Ikike project in coming months

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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Africa Oil & Gas: Privatise Nigeria’s oil industry? Easier said than done

Africa Oil & Gas: Privatise Nigeria’s oil industry? Easier said than done

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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Africa: Can Angola Learn from Nigeria’s Marginal Oil Production

Africa: Can Angola Learn from Nigeria’s Marginal Oil Production

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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Africa Oil & Gas: Nigeria’s Forte Oil seeks to sell power unit to top investor

Africa Oil & Gas: Nigeria’s Forte Oil seeks to sell power unit to top investor

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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Africa Oil & Gas: Nigeria files $1.1bn London lawsuit against Shell, Eni over oil deal

Africa Oil & Gas: Nigeria files $1.1bn London lawsuit against Shell, Eni over oil deal

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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