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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...

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...

Galp and Kosmos Pick Up STP Block 6

Galp Energia and its partner Kosmos Energy have been awarded stakes in Block 6, offshore São Tomé and Príncipe (STP). The block is located in STP’s Exclusive Economic Zone. The tiny island nation awarded Galp and Kosmos each a 45%...

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...

Fuel Cargoes Float Nigerian Waters, Scarcity Bites Inland

•Substantial backlog of gasoline offshore WAF • Outstanding subsidy claims still to be approved by Assembly • Fuel marketers being denied credit facilities by banks Despite the acute fuel shortages and associated transport glitches and business lull in the country,...

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FG Creates 7 New Firms From NNPC

  FG Creates 7 New Firms From NNPC ...Appoints new Managing Directors Sopuruchi Onwuka Federal Government yesterday formally approved creation of seven new autonomous firms from the...

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