Investment News in Nigeria

Investment in Development of Barracuda Oil Field
3/23/2021 - Further to the announcement on 18 February 2021, ADM Energy PLC, a natural resources investing company, is pleased to announce that it has conditionally agreed to invest in the development of the Barr...
Shell Invests to Support Nigeria’s Domestic Gas Ambition for Industrialization
2/28/2021 - Shell Petroleum Development Company of Nigeria Limited (SPDC), has restated commitment to support the Federal Government of Nigeria’s goal of using the country’s proven gas reserves to trigger economi...
Seplat Makes Media Publications
2/26/2021 - Seplat notes some media coverage alleging improper conduct by the Company. Whilst it is Seplat's policy not to comment on press articles, on this occasion it is deemed necessary to clarify Seplat's po...
Update on Investment in Oza Field, Nigeria
2/22/2021 - San Leon, the independent oil and gas production, development and exploration company focused on Nigeria, notes the announcement on the funding arrangements made by Decklar Resources Limited ("Decklar...
DPR Warns Businessmen not to Float Illegal Refineries
2/21/2021 - The Department of Petroleum Resources (DPR) has called on businessmen to invest in the oil and gas industry instead of indulging in illegal refineries.

Director/Chief Executive...
Update on Investment in Oza Field, Nigeria
2/1/2021 - Further to its previous announcements, San Leon, the independent oil and gas production, development and exploration company focused on Nigeria, is pleased to provide an update on the funding arrangem...
Update on Investment in Oza Field, Nigeria
12/15/2020 - Further to its previous announcements regarding its proposed investment in Decklar Petroleum Limited ("Decklar") and the Oza Field in Nigeria, San Leon announces that the parties have agreed to extend...
Update on Investment in Oza Field, Nigeria
11/2/2020 - Further to its announcement of 1 September 2020 regarding its proposed investment in Decklar Petroleum Limited and the Oza Field in Nigeria, San Leon announces that the parties have agreed to a furthe...
ADM Enters Agreement with Dubai Bridge Investments
10/20/2020 - ADM Energy PLC, a natural resources investing company, is pleased to announce it has entered into a Cooperation Agreement with Dubai Bridge Investments LLC ("DBI"), a privately-owned Dubai-based inves...
Update on Investment in Oza Field, Nigeria
9/30/2020 - Further to its announcement of 1 September 2020 regarding its proposed investment in Decklar Petroleum Limited and the Oza Field in Nigeria, San Leon announces that the parties have agreed to a one mo...
San Leon Provides Funding for Development of Oza Field
9/1/2020 - San Leon, the independent oil and gas production, development and exploration company focused on Nigeria, announces that it has conditionally agreed to invest US$7.5 million by way of a loan to Deckla...
San Leon Acquires 10% Interest in New Nigerian Oil Export System
8/3/2020 - San Leon, the independent oil and gas production, development and exploration company focused on Nigeria, announces that it is investing US$15 million in Energy Link Infrastructure (Malta) Limited ("E...
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...

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