Nigeria Oil and Gas

Pioneer Status Incentive granted Indigenous, Marginal Field Operators is in the Right Direction

Below is an interview granted Azeez Alatoye CEO of Ascension consulting Services by Thisday live, he said that the pioneer Status incentive granted the Indigenous, Marginal Field Operators is in the Right Direction. Azeez Alatoye is the Chief Executive Officer of Ascension Consulting Services and Director General of Ascension Academy Institute Limited, Lekki. He is Barrister and Solicitor of […]

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We have cancelled contracts for Sahara, Aiteo, Duke Oil, Ocean Marine says Nigeria’s NNPC

“We have cancelled contracts for Sahara, Aiteo, Duke Oil and Ocean marine” NNPC seems to be saying,  Chineme Okafor of AllAfrica reports that the Nigerian National Petroleum Corporation (NNPC) wednesday confirmed the cancellation of the Offshore Processing Agreements (OPAs) between the corporation and Sahara Energy Resources (Nig.) Ltd. founded by the trio of Mr. Tope

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Marts Resources, Inc. Terminates Agreement, Midwestern Oil and Gas Company Limited provides an update

This is a press release by Midwestern Oil and Gas Company Limited as they provides an update on Mart Resources, Inc. transaction LAGOS, Nigeria, Aug. 27, 2015 /PRNewswire/ – Further to ongoing discussions between Midwestern Oil and Gas Company Limited (“Midwestern”) and Mart Resources, Inc. (“Mart”), Midwestern has advised Mart that it is unable to conclude

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Nigeria’s GDP Slowed 2.4%, Oil is not the Only Drag

Expectations on report on emerging markets showed that Nigeria’s GDP slowed to 2.4% year over year in the second quarter — slower than expected — according to data released this week. Teneo Intelligence, caught by surprise with its pessimistic expectation of 3.5% second-quarter growth in Nigeria, writes that the issue is structural, even if the oil-export-driven economy

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