BUSINESS● LOWAug 31 · Aug 31, 2026, 1:47 PM
OML 42: Nestoil invests $28m in rigs to boost production
Vanguard Nigeria · sub saharan africa
By Obas Esiedesa, Abuja Nestoil Group has invested about $28 million in two drilling rigs as part of efforts to boost crude oil production and strengthen indigenous drilling capacity in Nigeria. The Group disclosed this in a statement on Monday, saying its strategic business unit, Scorpio Drilling International, recently deployed the Pathfinder 500 rig to […] The post OML 42: Nestoil invests $28m in rigs to boost production appeared first on Vanguard News.
GlobeAlert aggregates and classifies open sources; the story above belongs to its publisher. Summaries are machine-generated from the source text.
More in Business
BUSINESSnowMunicipal Securities Underwriters Pay a Total of $325,000 in FinesSECBUSINESSnowSEC CHAIRMAN ARTHUR LEVITT, IOWA OFFICIALS TO HOLD INVESTORS’ TOWN MEETING IN DES MOINESSECBUSINESS17m agoRokid launches ‘no man’s land’ retail experience with Hong Kong flagship store openingSouth China Morning PostBUSINESS48m agoIndia bars sugar-based ethanol in 2026-27 tender, cuts maize incentiveThe Hindu