Kulczyk Oil announced that Neconde has completed the acquisition of Oil Mining License 42 ("OML 42"). The purchase of OML 42 closed on November 30, 2011. The bridge financing arrangement between KOV ...

Host communities to oil mining lease (OML) 42, in Warri Southwest council area of Delta State, have issued a seven-day ultimatum to shutdown operations of Neconde Energy Limited should it fail to ...

Operations of oil mining lease (OML) 42 may be shut down following unresolved contractual issues between the host communities and its operator. OML 42 asset is being operated by the Nigeria Petroleum ...

Give us full employment, say OML 42 host community workers TWENTY-THREE Host Community Workers in OML 42 Jones Creek NEPL, JPMT, IMPAC, NECONDE, and AMARANTA field operation workers are demanding ...

Host communities of OML 42 in the Niger Delta region have been called upon to “reject and protest against” any attempt by an oil and gas exploration firm, Jones Creek Hydrocarbon to renew its global ...

NIGERIAN independent E&P player Neconde this month signed a $640 million secured medium-term loan facility with several local and international lenders to refinance capacity to develop Oil Mining ...

LONDON, May 19 (Reuters) - Nigerian oil workers will go on strike to halt a small field if the government does not meet with them by the end of the week, a spokesman for Nigeria's main oil workers' ...

A former senior Shell executive against whom the oil giant has filed a criminal complaint over alleged possible corruption in relation to a Nigerian block deal has denied any wrongdoing. In a ...

A former Minister of State (Works) and former Group Executive Director of Nigerian National Petroleum Corporation, NNPC, Engr. Chris Ogienmwonyi, has described the transfer of the OML 42 oil bloc ...

LONDON (Reuters) - Royal Dutch Shell has concluded that a Nigerian oilfield sale where it suspects an executive took bribes was not linked to a separate court case in which he and Shell face ...