Eight months after the unveiling of guidelines for participation in a much-awaited marginal fields bid round, investors’ expectations appear to have been dashed, as there is yet no clear information on the round expected to have been concluded since May

Lagos State Government has disclosed that it spent about N300 million on the Eko Gas initiative between last year and now.

Divestment in the Nigeria’s oil and gas industry is worrisome due to the level of attendant job losses and other losses that accompany the process. Many of the International Oil Companies, IOCs, operating in the country have sold some of their assets to other interest parties, who may not have the technical and financial wherewithal for the exploration and exploitation activities in the onshore and shallow water production assets.

Federal Government’s quest for strong indigenous participation in the nation’s oil and gas sector has received a boost as Oando Energy Resources, OER, production capacity has reached 50,000 barrels per day, bpd.
The development follows Oando’s completion of the acquisition of the Nigerian upstream oil and gas business of ConocoPhillips at the sum of $1.5 billion.

Ikeja Electricity Distribution Company, IKEDC, said it has created an online platform to facilitate secure, convenient and more efficient payment options for IKEDC post-paid customers, for both energy and non-energy related bills