NIPCO Investments Ltd., a subsidiary of NIPCO Plc, took over the 60% majority equity stake of ExxonMobil Oil Corp. in Mobil Oil Nigeria Plc (MON) in late-March according to a report in The Nation. Reports have the $294.3-million acquisition receiving approval from the Nigerian SEC and the Nigerian Stock Exchange. ExxonMobil signed a sale and purchase […]

NOC has lifted its force majeure on production from Libya’s Wafa field after an armed group reopened oil and gas pipelines to the Mellitah terminal. The reopening would allow Mellitah to restore production of about 450 million cubic feet of gas, 9,000 bpd of oil, and 7,500 bpd of condensate, NOC said in a statement […]

Sirius Petroleum has arranged for the provision of offshore service vessels (OSVs) for work on its offshore development in Nigeria. The company signed an OSV contract with Tidewater Marine International for a multi-well campaign on the Ororo field. Tidewater Marine International is the international technical partner to leading Nigerian marine support company T1 Marine Services, […]