Monthly Archives: April 2018

Without oil, what is Nigeria’s future?

  On numerous occasions, Nigeria’s depleting oil reserves have been extensively discussed as the unrelenting reduction without replacement has become worrisome.   Nigeria is blessed with abundant natural resources but the fact is the huge deposits of these resources do not corroborate with the level of development garnered since independence.   This shows that one […]

Agip, Allied Energy’s Legal Dispute over OML 120 Deepens

  The legal dispute between Nigerian Agip Exploration Limited (NAE) and Allied Energy/Camac over Oyo oilfield in Oil Mining Lease (OML) 120 deepened as Allied Energy has dragged the matter to the High Court of Lagos State after the Federal High Courts in Lagos and Port Harcourt had entertained the case, in addition to the […]

Nigeria to get 25% of $194bn upcoming oil, gas projects in Africa — GlobalData

  DEARTH of investments in the oil industry may soon be a thing of the past if the report of GlobalData, London-based data and analytics company is anything to go by. In its latest report obtained by Vanguard, GlobalData stated that Nigeria accounts for $48.04 billion or over 24.8 percent of total capital expenditure, CAPEX, […]

How high oil production cost impacts producers, firms

Oil and gas firms are looking for ways to achieve operational and fiscal efficiency. With the era of high oil price gone, industry analysts warn that operators that fail to exit high production cost risk running out of business. Already, Nigeria, Africa’s biggest oil producer, is battling to bring down its cost per barrel production […]