Nigeria News


Nigeria Tells Oil and Gas Firms to Cut Staff in Covid-19 Fight

Apr 02, 2020

Nigeria’s Department of Petroleum Resources ordered oil and gas companies on Thursday to reduce their workforce and practice social distancing, tightening measures to stem the spread of the coronavirus.'All operators and their contractors are to ensure strict compliance with relevant government directives and limit the number of personnel at project/construction sites accordingly,” said Sarki Auwalu…

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…

Nigeria: Arrest Warrant Out for Ex-Oil Minister

Jan 31, 2020

Lawyers representing former Nigerian oil minister Dan Etete told Reuters on Friday it was 'incredible' that a court had issued a warrant for his arrest in relation to a $1.3 billion oil deal scandal nine years after it was struck. Economic and…

Nigeria: Ex-Attorney General Charged in $1.3B Oil Deal Bribery Case

Jan 21, 2020

Nigeria's financial crimes watchdog charged a former attorney general suspected of taking bribes to facilitate a $1.3 billion oil block sale, the agency said on Tuesday, in the latest twist in one of the industry's biggest alleged corruption scandals…

Lekoil Tricked Into Signing Fake $184M Loan Deal

Jan 14, 2020

Africa-focused oil company Lekoil on January 2 said it had secured $184 million (gross) of funding for the appraisal drilling and initial development program activities on the Ogo field, in the OPL 310 block, offshore Nigeria.The loan, Lekoil said at the time…

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