Nigeria News

UK Court Throws Out Nigerian Offshore Block Graft Case Against Shell, Eni

May 22, 2020

An English court threw out a $1.1 billion case Nigeria had brought against Royal Dutch Shell and Eni related to a dispute over the OPL 245 oilfield, a court document showed on Friday, while a related trial in Italy continues.The Nigerian government…

TDI-Brooks Completes Niger Delta Survey for TGS

May 15, 2020

TDI-Brooks has said it has completed the offshore multibeam phase offshore the Niger Delta, under a contract by the Norwegian seismic data firm TGS.'This survey took place in water depths of 750 to 3,500 meters and is Nigeria’s first regional…

Nigeria: No 'Substantive' Oilfield Bid Round Until Prices Recover

May 06, 2020

Nigeria will not hold 'substantive' oilfield bid rounds until prices recover, the head of the state oil company said on Tuesday in a web conference.Mele Kyari, group managing director of the Nigerian National Petroleum Corporation, also said…

Nigeria Oil Export Plans Put Off amid Talks with Majors on Cuts

Apr 27, 2020

Nigeria's state oil company has delayed publishing its future oil export plans as it negotiates with local companies and international majors about how to cut output in line with a global deal on production curbs, trading sources said.Official selling prices (OSPs) for Nigerian oil…

Nigeria: Union Suspends Strike after Exxon Workers Freed

Apr 20, 2020

A major Nigerian oil union has suspended planned industrial action after 21 Exxon Mobil Corp. employees quarantined last week after their arrest for violating coronavirus-related movement restrictions were freed, it said on Sunday.The governor of southern oil hub Rivers State…

Lekoil Cuts Costs, Staff. Otakikpo Output Unaffected

Apr 03, 2020

Nigeria-focused oil company Lekoil has said it will reduce workforce numbers as part of the 'immediate and accelerated' implementation of the company's general and administrative ('G&A') cost reduction measures. 'These measures are targeting an annual reduction of US$8…

Nigeria Tightens Offshore Rules as 6 OSV Workers Test Positive for Covid-19

Mar 30, 2020

Nigeria's petroleum regulator has ordered oil and gas companies to reduce their offshore workforce and move to 28-day staff rotations as part of measures to curb the spread of the coronavirus, according to a circular seen by Reuters.The restrictions…

Lekoil 'in Process' of Paying $2M to Optimum

Mar 25, 2020

Nigerian oil company Lekoil has said it is in the process of paying $2 million to Optimum Petroleum, its partner in an offshore block in Nigeria.The 2 million payment was agreed in January, and it is the first of two installments Lekoil is due…

ExxonMobil Shortens Term for Shelf Drilling Jack-Up

Mar 24, 2020

Jack-up drilling company Shelf Drilling, one of the world's largest jack-up contractors by fleet size, has seen another rig contract cut short in less than a week.After it on Friday said Dubai Petroleum would reduce the length of the Shelf Drilling…

Welaptega Inspects FPSO Moorings in Nigeria

Mar 03, 2020

Subsea inspection services firm Welaptega has said it has recently completed mooring inspection projects for FPSOs owned Eni and ExxonMobil in Nigeria.Welaptega undertook inspection services on ENI’s Abo FPSO, on the western edge of the Niger Delta…

ADM Increases Aje Field Stake

Feb 24, 2020

ADM Energy, an AIM-quoted oil and gas investing company formerly known as MX Oil, will increase its interest in the offshore block in Nigeria containing the Aje oil field.ADM said Monday it had agreed with EER, a partner in the block to acquire a participating interest of 2…

COPL Borrows Cash from CEO

Feb 21, 2020

Oil company Canadian Overseas Petroleum Limited (COPL) has borrowed CAD$200,000 from its CEO Arthur Millholland. The company said the loan would help it „progress“ OPL 226 project offshore Nigeria.In a statement on Friday, COPL explained it…

DOF Vessel to Install Seismic Nodes in Nigeria

Feb 20, 2020

Norwegian offshore vessel operator DOF Subsea has secured two contracts in Nigeria, and Angola, respectively.The first contract is for seismic nodes installation in Nigeria for an undisclosed client. The work will be executed from the CSV Geosund…

Nigeria's Oil Output Could Fall 35% Without Reforms

Feb 14, 2020

Cost increases and uncertainty in Nigeria's crucial energy sector could lead to a 35% decline in oil output over 10 years as companies delay investments in key oilfields, consultancy Wood Mackenzie said in new research due to be published on Friday…

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