The Nigerian National Petroleum Corporation (NNPC), the government-owned National Oil Company, has reached an agreement with its private sector partners, China National Offshore Oil Company (CNOOC) and South Atlantic Petroleum (SAPETROL), to resolve all outstanding issues relating to the development of the Oil Mining Lease, (OML) 130
The Nigerian government is setting up an oil and gas museum with private sector participation in Oloibiri, Bayelsa State in the Niger Delta Area, where Shell D’Arcy, a forerunner of today’s Shell Petroleum Development Company (SDPC) successfully drilled the first oil well in Nigeria in January 1956
Exxon Mobil has announced David Liang as the new chairman and managing director for its three Nigerian affiliates
On 7 August, the Prime Minister of Mauritius, Pravind Jugnauth, declared a ‘state of environmental emergency’ after a ship landed off the island nations coast started to spill oil
The United Bank of Africa, a pan African financial services group with its headquarters in Lagos Nigeria, has acted as an initial mandated lead arranger with a consortium of Nigerian commercial banks in US$1.5bn pre-export finance facility for Eagle Export Funding Limited to enable the forward sale of crude by the Nigerian National Petroleum Corporation and National Petroleum Development Company (NPDC)
