Oil and gas

Seplat completes acquisition of Mobil at $800m

With the development, Seplat became Nigeria's leading oil firm, having equity in 11 blocks (onshore and shallow water Nigeria); 48 producing oil and gas fields; 5 gas processing facilities; and 3 export terminals.

Fresh oil spill rocks Bayelsa community

The spill, which occured around 6 pm on Monday at a facility operated by Aiteo Exploration and Production is coming 3 years after the oil and gas blowout at a well owned by the company in the area.

NNPC discovers oil in North-East

The Nigerian National Petroleum Corporation (NNPC) has announced the discovery of oil and gas in commercial quantity in the north-eastern part of the country.

Oil prices edge up as Brent pushes further above $50

"Things look better one day and worse the next day." EY Services oil and gas analyst Sanjeev Gupta dealers were keeping an eye on the release Friday of US economic data, including on employment in the world's top oil consuming nation. AFP
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