Despite over 37 billion bbl remaining in proven reserves, oil production in Nigeria is forecast to falter due to underinvestment, with the country’s oil and gas sector in desperate need of reforms and transparency to reverse this trend, according…
SacOil terminated its joint venture with Nigeria’s Nigdel United Oil Co. that includes its participation in the oil production license 233, offshore Nigeria. Image from SacOil. The…
Bourbon confirmed that the three Nigerian crew members abducted on board the Surfer 1440 off the coast of Nigeria on 8 April 2015, have been released. According to Bourbon, the three are in good health and arrived at Port Harcourt on 8 May 2015…
French vessel operator Bourbon confirmed that three Nigerian crew members were kidnapped off one of its crew boats, the Surfer 1440, offshore Nigeria. Image from Bourbon. In a statement…
Total has completed the flare out of the Ofon field on Oil Mining Lease (OML) 102 offshore Nigeria. The associated gas of the Ofon field is now being compressed, evacuated to shore and monetized via Nigeria LNG. “The flare-out of the…
Transocean's Sedco Express semisubmersible drilling rig arrived at the Oyo field in oil mining lease (OML) 120 to begin operations for CAMAC Energy, offshore Nigeria. The Sedco Express. From Transocean…
FMC Technologies received an order worth $393 million from Eni Angola to supply subsea production systems for its deepwater Block 15/06 East Hub development. Eni is the operator of Block 15/06, while Sonangol EP is the concessionaire…
Ceona awarded NCS Survey Ltd. a five-year contract for positioning services, in which mobilization has been successfully completed on the first vessel, Ceona’s DP3 multi-purpose vessel, the Normand Pacific. Following initial work in the Gulf of Mexico…
Exxon Mobil’s subsidiary, Esso Exploration and Production Nigeria Ltd. awarded a contract to Seadrill Ltd. and Field Offshore Design Engineering Nigeria Ltd for the newbuild ultra deepwater drillship West Saturn, in support of the ERHA North Phase 2 project in Nigeria…
Shell Nigeria Exploration and Production Company Ltd. (SNEPCo) began oil production from the first well at the Bonga North West deepwater development, off the Nigerian coast, approximately 120km offshore the Gulf of Guinea, on 5 August. Oil…
CAMAC Energy announced today that a long-term contract has been signed for the floating, production, storage, and offloading vessel (FPSO) Armada Perdana for continued use offshore Nigeria. The contract provides for an initial term of five years…
Business Monitor (BM) released its latest findings on Nigeria’s volatile oil and gas sector from its newly-published Nigerian Oil and Gas Report. The report notes that Nigeria's hydrocarbon sector continues to struggle amid a worsening political and business environment…
Total announced that its subsidiary, Total Upstream Nigeria Ltd. (TUPNI), operator of the OML 130 block, and co-venturers have obtained the necessary approvals from Nigerian National Petroleum Corp. (NNPC) to award the main EPC contracts to develop the offshore Egina field…
Subsea 7 to install flowlines and umbilicals Seven Borealis (Image: Subsea 7) ExxonMobil subsidiary Esso E&P Nigeria awarded a consortium of Subsea 7's Nigerian subsidiary and West African Ventures Ltd. an development contract for its deepwater Erha North Field off Nigeria…
Total has finalized an agreement to sell its 20% contractor interest in OML 138 block to a wholly owned subsidiary of China Petrochemical Corporation (Sinopec), for approximately US$2.5 billion in cash, the company announced on 19 November 2012…
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