Total looks to sell stake in Nigerian offshore block

Total looks to sell stake in Nigerian offshore block

French oil major Total wants to sell its 12.5% stake in a deepwater oilfield off the coast of Nigeria, industry and banking sources told Reuters. The stake in Oil Mining Lease (OML) 118, which is located some 120 kilometers (75 miles) off the Niger River Delta, is …..

Chevron highlights Nigerian gas success story

Chevron highlights Nigerian gas success story

The development of Nigeria’s vast gas resources has been one of the major policy thrusts of successive governments in Nigeria.  It is worthy of note that Nigeria is blessed with resources for growth and global competition in gas. According to the Department of Petroleum Resources (DPR), …..

Nigeria targets oil companies for a greater share of profits

Nigeria targets oil companies for a greater share of profits

In a move Nigeria’s president hailed as a “landmark moment”, Africa’s largest oil producer approved legislation this week to bolster its share of revenues from international majors. The authorities say the amendment — heralded as the biggest change in decades to its production sharing deals …..

11-11-2019

11-11-2019

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