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Oil Field Services News in Nigeria

Bold Vision Promises New Dawn for Nigeria’s Ailing Petrochemical Industry
10/9/2019 - Estimated to hold 37 billion barrels of proven oil reserves, Nigeria is the second biggest oil-rich country in Africa, after Libya. The exploitation of these resources has been in the hands of the Nig...
U.S. Department of Justice Closes Investigation into Eni’s Nigerian & Algerian activities
10/1/2019 - Eni received confirmation from the U.S. Department of Justice that the DOJ has closed its investigation of Eni with respect to the OPL 245 and Algeria matters without taking any action. ...
NNPC Proposes Changes to Increase Deepwater Oil Revenues
1/13/2017 - Nigeria's state oil company has proposed legal amendments aimed at enabling the government to increase royalties and other revenues from deepwater oil production. OPEC member Nigeria has been hit hard...
NNPC Proposes Increase in Oil Royalty
1/12/2017 - The Nigerian National Petroleum Corporation, NNPC, proposed some key amendments to the Deep Offshore and Inland Basin Production Sharing Contract (PSC) Act to enable the Federal Government optimize th...
Protesters Block Entrance to Chevron Facility in Nigeria's Delta
8/10/2016 - Nigerian protesters blocked the entrance to a Chevron oil facility in the restive Niger Delta demanding jobs and housing, a protest leader said. ...
Nigerian President Dissolves State Oil Company Board
6/26/2015 - Nigeria's new President Muhammadu Buhari dissolved the board of the state-owned oil company on Friday as a first step in cleaning up the sector in Africa's biggest crude producer. ...
Nigerian Oil Union Says Halliburton Strike is Over
5/27/2015 - Local Nigerian staff at U.S. oil services company Halliburton have ended a nationwide strike over job cuts, a spokesman for one of two oil unions involved in the dispute said. ...
Nigerian Oil Union Halts Halliburton Operation over Job Cuts
5/26/2015 - Nigeria's main oil union has shut down the local operations of U.S. oilfield services provider Halliburton Co in protest against job cuts, the trade body said. ...
Elcrest Receives Approval of 5Y Tax on the OML 40 Licence
6/30/2014 - Eland Oil & Gas PLC, an oil & gas development and exploration company operating in West Africa with an initial focus on Nigeria, is pleased to announce that Elcrest Exploration and Production Nigeria ...
Nigeria Oil Reforms to Be Passed in 4-5 Weeks
7/30/2010 - Nigeria's parliament will pass wide-ranging legislation to reform its energy industry within weeks, redefining the OPEC member's relationship with its foreign oil partners, the oil minister said on Th...
Nigeria's Gbaran-Ubie O&G project comes on-stream
7/7/2010 - The Shell Petroleum Development Company of Nigeria (SPDC) has begun producing oil and gas from the Gbaran-Ubie project in the Niger Delta, providing an important new source of energy for export and do...
Nigeria May Hold Oil Licensing Round in Aug-Source
6/23/2010 - Nigeria may hold an oil licensing round in August subject to approval by President Goodluck Jonathan, a presidential source said, in a move that could help fund a growing budget deficit and increase C...
Eni Declares Force Majeure on Nigeria Oil Exports
4/28/2010 - Italian oil firm ENI has declared force majeure on Nigeria's Brass River oil exports, a company spokesman said, after a disruption to supplies in Africa's largest exporter. ...
Maurel & Prom Udpates on Nigeria Production
4/21/2010 - SEPLAT (the Nigerian company owned 45% by Maurel & Prom) has been informed that crude production has recommenced on OMLs 4, 38 and 41, currently operated by SPDC (Shell Nigeria). ...
Nigeria Committed to Oil Sector Overhaul
2/23/2010 - Nigeria's acting President Goodluck Jonathan said he was committed to overhauling Africa's biggest oil and gas industry so that it better serves the country's national interest. ...
Shell Open To Nigeria Asset Sales, Output Hit
2/4/2010 - Royal Dutch Shell Plc said that it was open to selling more assets in Nigeria, where its oil and gas production has again been hit following recent attacks on pipelines. ...
Nigeria Plans to Sell 2 bn Barrels of Oil Reserves
2/2/2010 - Nigeria plans to sell oilfield assets this year containing as much as 2 billion barrels of reserves either relinquished by Western firms or unsold in three previous bidding rounds, the Financial Times...
Afren to Raise $200 m Via Placing; Sees No Dividend
11/10/2009 - London-listed oil and gas company Afren Plc said it would raise about $200 million from a placing of shares to fund projects and that it did not expect to pay any dividends in the foreseeable future. ...
Addax Petroleum Announces Federal Government Approval Of Nigeria Gas Utilisation Initiative
8/1/2008 - Addax Petroleum Corporation together with its partners Chrome Oil Services Limited and Korea Gas Corporation, announced that it has received the approval from the Federal Government of Nigeria, for it...
Providence Resources Releases Final AJE4 Well Results
6/3/2008 - Providence Resources provided an update on the final well results from its recent operations on the AJE Field, in OML113, offshore Nigeria. The AJE-4 well was drilled using the Transocean Pathfinder d...

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