A U.S. judge on Wednesday rejected Exxon Mobil Corp's and Royal Dutch Shell Plc's effort to revive a $1.8 billion arbitration award against Nigeria's state-run oil company, which stemmed from a dispute over a 1993 contract to extract oil near the African country's coastline…
Airborne Oil & Gas announced on Wednesday it has secured a contract with Addax Petroleum which will see the firm deliver two gas lift jumpers offshore Nigeria.The Netherlands headquartered business will supply two, 180-meter-long thermoplastic…
Nigeria-focused oil and gas development and production company Sirius Petroleum now says its license for the shallow water Ororo field in Nigeria hangs in the balance after the firm failed to launch its next phase of the field work program on…
Nigeria's state oil firm said on Wednesday it had suspended cash call repayments to Eni for three months and did not plan to renew some of the Italian firm's asset licences.The Nigerian National Petroleum Corporation (NNPC) owes billions of dollars to international oil companies…
A pair of new patrol vessels have been delivered to boost the security presence for offshore operations off the coast of Nigeria.The Netherlands based Damen Shipyards Group said on Tuesday it has handed over two Fast Crew Supplier (FCS) 3307…
Nigeria has a new face at the helm of the country’s petroleum industry regulator, and already he has announced ambitious targets for the next five years. Achieving these goals will have to rely partly on how much investment can be attracted…
US based Harvey Gulf announced on Tuesday that it has signed a pair of one-year charters in Nigeria, for the placement of two US-flag 3250DWT DPS-2 platform supply vessels (PSV). Both PSVs are capable of working in shallow water ports with 4…
The outlook for West Africa’s offshore oil and gas market remains positive despite some hiccups hinged on delay by some countries in the region to align their hydrocarbon regulations to prevailing market trends and the intensifying global competition…
Nigeria’s upstream regulatory hiccups continue to take toll on planned offshore exploration and production schedules as some private investors are stuck with their work programs for lack of clarity on key upstream mergers and acquisition procedures…
NigerStar 7, a joint venture between Subsea 7 and Nigerdock, said it has acquired 2009-built pipelay vessel Seven Antares, The Seven Antares, previously owned by Subsea 7, has a 300-ton main crane capacity and is a 120-ton S-lay vessel with capacity to lay pipe of up to 60-inch diameter…
The planned restructuring of Nigeria National Petroleum Corporation (NNPC) joint operating agreements with multinational oil companies could help not only in raising substantial financial gains to support the country's national budget but also…
Shell upstream boss Brown sees 'no merit' in tax claim. Separately, Shell to fast track Whale development in Gulf of Mexico.Royal Dutch Shell said on Tuesday that Nigeria's claims that it was owed billions in taxes could delay the development…
Nigeria's Ministry of Petroleum Resources has recently reiterated its intention to push for an increase of the share to the national crude oil production from indigenous oil and gas companies to 30% in the short-term, but it is not definite…
French oil group Total will approve plans to proceed with the Ikike project in Nigeria in the coming months, and also aims to expand its liquefied natural gas (LNG) project in the country, CEO Patrick Pouyanne said on Monday.Total is one of the strongest players in the African oil sector…
Nigeria-focused listed oil and gas development and production company Sirius Petroleum has put off for the third time the planned spud of a second gas well in the Ororo oil field located in the prolific Niger Delta to an indefinite date after a contracted jack-up rig became unavailable…
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