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Investment News in Nigeria

Canadian Overseas Petroleum Secures Capital Investment
4/30/2020 - Canadian Overseas Petroleum Limited (COPL), an international oil and gas exploration and development company focused on sub-Sahara Africa, announces it has completed a placing for up to £2,000,000 wit...
ADM Energy to Increase its Investment Portfolio cross Nigeria & West Africa
1/23/2020 - ADM Energy PLC, an oil and gas investing company quoted on AIM, provides a strategy update for 2020 and beyond. ...
Further Update in Relation to Facility Agreement & Restoration of Trading
1/13/2020 - Following the Company's announcement earlier today, the Company is now in a position to advise that, based on all information currently available to Lekoil, the loan agreement announced on 2 January 2...
Nigeria LNG Expansion Project launched
12/27/2019 - Eni and its partners in Nigeria LNG (NLNG) have taken the final investment decision (FID) for the expansion project of the liquefied natural gas (LNG) plant. This brownfield development, which is expe...
Disposal of Burj investment
9/10/2019 - Solo Oil has signed a sale and purchase agreement (SPA) to exit its 20% investment in Burj Petroleum Africa Limited, a company which had applied for various undeveloped fields in the 2014 Nigerian Mar...
Shell Plans to Invest $15Billion in Nigeria
4/6/2019 - Shell Petroleum Development Company of Nigeria Ltd (SPDC) plans to invest about $15 billion in oil and gas projects in Nigeria over the next five years. The projects earmarked for investment will incl...
Nigeria to Boost Domestic Gas Supply by 600mmscfd
2/13/2019 - A major step on attaining sufficiency in domestic gas supply was taken by the Nigerian National Petroleum Corporation (NNPC) Wednesday in Abuja with the execution of Final Investment Decision (FID) on...
Total to Go Ahead with Ikike Oil Project in Nigeria
1/21/2019 - French oil group Total will approve plans to proceed with the Ikike project in Nigeria in the coming months, and also aims to expand its liquefied natural gas (LNG) project in the country, CEO Patrick...
Nigeria's Presidency Rebuffs Landmark Oil Reform Bill in Current Form
8/29/2018 - Nigeria’s presidency rebuffed a landmark oil industry reform law because of issues with its current form, the executive said on Wednesday, marking a setback for plans to reinvigorate investment in Afr...
NNPC & Chevron Signed $1.7B Deal to Increase Production
11/20/2017 - Nigerian National Petroleum Corporation (NNPC) and Chevron Nigeria Limited (CNL) have executed the second and final phase of an Alternative Financing Agreement that would increase crude oil production...
MX Oil Updates Nigerian Investment in OML 113
11/17/2016 - MX Oil, the AIM quoted oil and gas investing company, is pleased to provide the following update on its Nigerian investment. On 19 October 2016, the Company announced that PR Oil and Gas Limited, the ...
Nigeria Needs Billions in New Investment to Raise Oil Output
11/17/2016 - Nigeria needs at least $14 billion a year in new investment over the next five years to raise oil output to 2.2 million barrels a day (bpd) and even higher spending to lift it to 3 million bpd, the he...
NNPC Seeks $51 Bn Investment in Gas Sector
10/31/2016 - The Nigerian National Petroleum Corporation (NNPC) has said about $51 billion investment opportunities exist today in the midstream and downstream gas sector to achieve the growth phase in the Industr...
Chinese Delegation to Visit Nigeria to Discuss Oil Investments
10/5/2016 - A Chinese delegation will visit Nigeria this month to discuss investment in the West African country's oil and gas industry, Nigeria's oil minister said. In June, state-owned Nigerian National Petrole...
SacOil Awarded Crude Allocation by NNPC
4/22/2016 - SacOil, a South African based independent African oil and gas company and EER entered into a MOU to seek investment opportunities in the business activities of the NNPC within the Nigerian oil and gas...
Seven Energy Secures $100m of Additional Equity Capital
2/17/2016 - Seven Energy International Limited (Seven Energy), the leading integrated gas company in south east Nigeria, with oil and gas interests in the region, has secured US$100 million of new equity capital....
Offer Received for Nigerian Investment
1/25/2016 - Further to its announcement of 21 January 2016, MX Oil is pleased to provide an update in connection with its Nigerian investment and proposed fund raising. The Company previously announced that it ha...
Saipem Signs Joint Venture with Nigeria's Dangote Group
4/1/2015 - Saipem had signed a joint venture with Nigeria-based Dangote Group to develop business in central and west Africa. ...
Eland Secures $75 Million Loan Facility Onshore Nigeria
1/8/2015 - Eland Oil & Gas PLC, an oil & gas production, development and exploration company operating in West Africa with an initial focus on Nigeria, is pleased to announce it has finalised arrangements for a ...
Lukoil to Invest in Nigerian Project with Chevron
11/21/2014 - Russia's second-largest oil company, privately controlled Lukoil, said it planned to invest in Nigeria with U.S. oil major Chevron Corp , part of its push to seek opportunities away from Russia's stat...

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