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Aiteo raises alarm over fresh campaign to malign its image

  ...More details emerge about media attacks on Aiteo Aiteo Group wishes to alert our shareholders, stakeholders, host communities, investors and general public about a faceless, cowardly campaign clandestinely contrived and executed by a number of entities that have committed substantial...

DPR, Lagos to partner on oil, gas development

The Department of Petroleum Resources (DPR) has expressed its willingness to collaborate with the Lagos State Government in their quest to develop a road map for oil and gas in the state. This partnership assurance was given by Mr. Wole...

Statoil Could Lose 5% of Agbami Interest Following Expert Calculation

Statoil announced Friday that its equity interest in the Agbami field, located offshore Nigeria, could be reduced by 5.17 percent, following an expert calculation of revised tract participations for the field. Assuming implementation, this calculation will result in Statoil’s equity...

Miga Backs Seven Energy

The Multilateral Investment Guarantee Agency (Miga) has its first engagement in Nigeria’s gas sector. Miga is providing a guarantee of $200 million against the risk of expropriation to Accugas Ltd, a subsidiary of independent Nigerian oil and gas company...

Development Partners Commssion Moho Bilindo Phase 1b

Chevron Corp. and partners in the Republic of Congo (ROC) saw first production flows from the deepwater development Moho Bilondo Phase 1b. Moho Bilondo Phase 1b is part of the Moho Nord joint development project, the largest-ever oil and...

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NSCDC sets up special squad for Bama

The Nigeria Security and Civil Defence Corps (NSCDC) has set up a special squad to boost security operations in Bama community of Borno. Spokesman of...

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