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Tag: nigeria oil
Nigeria Incorporates State Oil Firm NNPC with $485 Million Capitalization
2021-10-08 15:46:55| OGI
Nigeria's president said NNPC had reached a significant milestone after receiving the certificate of incorporation at his office, adding that the firm would have to compete with global peers.
Nigeria Revamps Oil Sector Law in Pursuit of Dwindling Investment
2021-07-16 19:15:00| OGI
The overhaul, in the works for 20 years, is the first sweeping update to the laws that govern everything from oil drilling to fuel sales in NigeriaAfrica's largest oil exporter in decades.
Tags: law
investment
oil
sector
Nigeria Negotiates Terms with Big Oil to Keep Investments
2021-02-05 14:52:40| OGI
New commercial terms are being negotiated and could be finalized before a pending oil overhaul bill is passed, said Mele Kyari, group managing director of the Nigerian National Petroleum Corp.
Tags: terms
big
oil
investments
Nigeria Case Against JP Morgan over Oil Deal to Go to Trial
2020-11-12 21:10:00| OGI
The lawsuit against JP Morgan filed in the English courts in 2017 relates to the purchase of the offshore OPL 245 oil field in Nigeria by oil majors Shell and Eni in 2011.
Nigeria Inks Major LNG Expansion With Oil Majors
2019-12-27 14:09:19| OGI
Nigeria signed a major gas expansion deal on Dec. 27, a much-needed collaboration with oil majors that Nigeria LNG said would boost its liquefied natural gas (LNG) output by more than 30%.
Tags: major
oil
expansion
nigeria