Midwestern subsidiary, Mart Umusadege Resources unveils new brand identity

Midwestern subsidiary, Mart Umusadege Resources unveils new brand identity

Mart Umusadege Resources Nigeria Limited (MURNL) has unveiled a new brand identity for the business following its 100% acquisition by Midwestern Oil and Gas,...

Read More
Power issue slows Eland Oil & Gas’ activities at Opuama field

Power issue slows Eland Oil & Gas’ activities at Opuama field

Eland Oil & Gas PLC (AIM: ELA), an oil & gas production and development company operating in West Africa with an initial focus on...

Read More
Worldwide rig count for Feb 2018 rose by 244 from Feb 2017 – BHGE

Worldwide rig count for Feb 2018 rose by 244 from Feb 2017 – BHGE

Baker Hughes, a GE company (NYSE:BHGE) announced today that the Baker Hughes international rig count for February 2018 was 979, up 19 from the...

Read More
Sahara Energy revives plan for IPO as it looks to acquire more oil assets

Sahara Energy revives plan for IPO as it looks to acquire more oil assets

Nigerian energy conglomerate Sahara Group Ltd. said it revived plans for a share-sale as it looks to increase oil production four-fold to 100,000 barrels...

Read More
PIGB will help to reduce Nigeria’s oil production cost – Kachikwu

PIGB will help to reduce Nigeria’s oil production cost – Kachikwu

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu yesterday urged International Oil Companies (IOCs) operating in the country to either produce oil...

Read More
Oil marketers allegedly lay off staff over N650bn debt

Oil marketers allegedly lay off staff over N650bn debt

Oil marketers have commenced a reduction of their workforce due to their inability to pay staff salaries, Premium Times reports. Some of the marketers, who...

Read More
Africare upgrades cassava processing centre to LPG plant

Africare upgrades cassava processing centre to LPG plant

Africare Nigeria in collaboration with Igbogbo Local Council Development Area (LCDA), have upgraded the cassava and garri processing plant in Igbogbo/Baiyeku LCDA to a...

Read More
NNPC boss vows Nigeria’s refineries will be back on track soon

NNPC boss vows Nigeria’s refineries will be back on track soon

The Nigerian National Petroleum Corporation (NNPC) would not relent in its quest to get the nation’s four refineries back to their optimal, nameplate capacities. Group...

Read More
Sahara, six other firms bid for majority stake in Zambian oil refinery

Sahara, six other firms bid for majority stake in Zambian oil refinery

Seven firms have submitted bids to buy a majority stake in Zambia’s sole 24,000 barrel per day Indeni Petroleum Refinery, Reuters reports. Zambia Development Agency...

Read More