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Mart Resources Inc. provides Umusadege production update

Mart Resources, Inc. (MMT) (“Mart” or the “Company”) and its co-venturers, Midwestern Oil and Gas Company Limited (“Midwestern”, Operator of the Umusadege field) and SunTrust Oil Company Limited are providing the following updates on Umusadege field production for February 2015 and other operations. February 2015 Aggregate Production Update Umusadege field production during February 2015 averaged […]

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NERC delegates tariff determination to consumers, distribution companies

The Nigerian Electricity Regulatory Commission (NERC) has disclosed that it is ceding part of its regulatory responsibilities with regards to transparent determination of appropriate tariff payable by consumers in Nigeria’s electricity industry to both consumers and distribution companies in the sector, This Day reports. NERC said at the end of the April edition of the […]

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Afren provides response to AMNI’s allegations regarding Okoro field

Afren plc (“Afren” or the “Company”) (LSE: AFR) notes the press reports regarding the purported termination by AMNI Petroleum Development Company (“AMNI”) of the Production Sharing and Technical Services Agreement between AMNI, the Company and Afren Energy Resources Limited in respect of the Okoro field (the “PSTSA”). As announced on 13 March 2015, Afren has […]

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AGF refutes allegations of shady deals in Addax suit against FG

The Attorney General of the Federation and Minister for Justice, Mohammed Bello Adoke (SAN), has absolved himself from the allegation that his office wanted to compromise a suit filed by Addax Petroleum Development (Nigeria) Limited and Addax Petroleum Exploration (Nigeria) Limited against the Nigerian National Petroleum Corporation (NNPC), Ministry of Petroleum Resources (MPR), Department of […]

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