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Tag "OML 17"

Tony Elumelu: UBA didn’t fund OML 17 acquisition

    Tony Elumelu: UBA didn’t fund OML 17 acquisition

Tony Elumelu, chairman of Heirs Holdings, says the United Bank for Africa (UBA) did not fund the acquisition of oil mining licence (OML) 17 . In January, Heirs Holdings, in

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Heirs Oil and Gas to triple production levels in OML 17

    Heirs Oil and Gas to triple production levels in OML 17

Heirs Oil & Gas, an affiliation of Heirs Holdings, says it plans to restore oil mining licence (OML) 17 to its former output levels. On January 15, 2021, Heirs purchased

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Afreximbank releases $250m for TNOG’s acquisition of 45% stake in OML 17

    Afreximbank releases $250m for TNOG’s acquisition of 45% stake in OML 17

African Export-Import Bank (Afreximbank), a pan-African multilateral trade finance institution, has announced the disbursement of  $250 million of the $1.1 billion, to support the acquisition of a 45 per cent

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Drilling against all odds

    Drilling against all odds

If I’m honest, there has not been much to cheer about Nigeria in recent times. As someone who always tries to keep a positive attitude towards life — a disposition

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