Nigeria News

 

Total Starts Production at Egina Oilfield

Jan 02, 2019

Total SA said on Wednesday it had started production from the Egina oilfield off Nigeria's coast, part of a shift by the French energy firm towards deepwater oil and gas projects to its drive cashflow.Output from Egina, which is located in waters about 1…

Aquaterra to Install Two Platforms for FIRST E&P in Nigeria

Nov 27, 2018

Global offshore engineering solutions provider Aquaterra Energy in conjunction with Maerlin Nigeria Ltd, its local partner, has been awarded a contract by FIRST Exploration and Petroleum Development Company Ltd (FIRST E&P) to design, engineer…

Pacific Drilling Bags Eni Contract for Offshore Nigeria

Oct 23, 2018

Offshore ultra-deepwater drilling company Pacific Drilling announced that its deepwater drillship the Pacific Bora has been awarded a contract by Nigerian Agip Exploration Limited (a subsidiary of Eni SpA) for drilling operations in Nigeria…

Africa's Richest Man Arranges $4.5 Bln of Financing for Oil Refinery

Jul 24, 2018

Africa's richest man, Aliko Dangote, has arranged more than $4.5 billion in debt financing for his Nigerian oil refinery project and aims to start production in early 2020, he told Reuters.Dangote, who built his fortune in cement, is building…

Nigeria’s first oil, gas training center opens

Nov 09, 2017

Halliburton announced today (9 November) that it worked with the Akwa Ibom state government to inaugurate and open Nigeria’s first oil and gas training center fully-equipped with oilfield operations tools. The Akwa Ibom Oil and Gas Training…

Penspen, Crestech form Nigerian alliance

Dec 20, 2016

Penspen, a provider of engineering and project management services to the energy industry, has signed a strategic alliance agreement with Nigerian engineering firm Crestech. The partnership will enable the two businesses to provide engineering…

Exxon in 1 billion bbl Nigeria find

Oct 27, 2016

ExxonMobil’s newest discovery offshore Nigeria could possibly hold up to 1 billion bbl, the supermajor said today (27 October). Image from Exxon. Exxon said a “significant discovery”…

Panoro Energy FPSO embarks for Aje field

Feb 04, 2016

Panoro Energy announced that the final works on the floating production, storage and offloading (FPSO) vessel, for the Aje field operations, have been completed. The vessel has left Singapore and is expected to arrive in Nigeria mid-March 2016…

Ocean Installer enters Nigeria

Dec 04, 2015

Ocean Installer has been awarded a contract for field development work in Nigeria for Folawiyo Aje Services Ltd. (FASL). The contract starts with immediate effect. Ocean Installer will perform the offshore construction of the Aje Ph1 project off the coast of Nigeria…

Total cuts Nigerian gas flaring

Jan 07, 2015

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…

Seadrill’s West Saturn wins Nigeria contract

Aug 08, 2014

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…

Nigerian production forecast

Oct 03, 2013

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 sells OML 138 stake to Sinopec

Nov 19, 2012

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…

Robust market and frontier locations boost salaries

Apr 01, 2012

Salaries for oil & gas industry engineers shot up over the past year, rising an average 6.1% across several professional disciplines, according to a new survey released by recruitment firm Hays.The average permanent salary across the survey's sample of 144…

Nigeria closes in on oil reforms

May 20, 2010

Nigeria’s controversial oil reforms, long in the works, appear close to passage. The government hopes to shore up falling production and get a bigger share of oil profits. But IOCs doing business in the Delta are wary, as Russell McCulley reports…

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