WoodMac hails Total’s shallow-water find as biggest in a decade
“However, there are challenges. Nigeria is not known for short lead-times, particularly where JV projects are concerned."
Nigeria
Nigerian regulator accuses Exxon of illegal LPG exports
According to Marine Traffic, the Barumk Gas vessel left Bonny on June 9. As of this morning, it is anchored in Ghana’s Tema port. It arrived on June 11.
Can Africa’s OPEC producers seize their opportunity?
“They are in general pumping what they can. They are reluctant to switch off production as they may not be able to turn it back on down the line,” the Welligence official said.
Brothers fighting fraud charges from India are flourishing in Nigeria
Some of that expansion was bankrolled by a “well calculated economic fraud” that left the group owing more than 140 billion rupees ($1.71 billion) to public lenders including State Bank of India, Bank of Baroda and Union Bank of India, the CBI told the country’s Supreme Court a year ago.
Dangote’s refinery will rewrite Atlantic Basin trade
One challenge of the project being so delayed is that the longer equipment is on site, the more it risks degrading.
Shell sees off Bonga case at Supreme Court
“The claimants’ lawyers spent five years and eight hearings to pursue this matter, disregarding the court’s time and costs. With no further right of appeal, this judgment brings an end to the claims here in England," a Shell representative said.
Minister urges Nigeria to end fight with Eni, Shell over lucrative block
A senior Nigerian minister urged the country’s president to end a long-running dispute with Eni and Shell to allow the companies to finally develop a prized deepwater oil licence.
Nigerian immigration suit targets Seplat directors
The suit was filed on April 6, the newspaper said. Brown is continuing to act as CEO despite having his immigration status revoked, the case complains.
Oando finally audits 2020 results, sees theft spike in 2021
In August 2021, it managed to reach a deal where it would help loan money to Whitmore Asset Management, linked to its CEO Tinubu, to pay out $550mn to Gabriele Volpi’s Ansbury Investments. Oando borrowed the cash from Afreximbank and advanced this to Whitmore.
Targeting 3mn bpd, NNPC spuds frontier well
NNPC is also carrying out exploration in the Chad Basin, Dahomey Basin, Anambra, Calabar Embankment, Sokoto Basin, Bida Basin and the ultra-deepwater of the Niger Delta.
Seplat sues Orjiako over “deceit and false representation”
However, in legal papers filed at the Federal High Court in Abuja it has accused the former chairman of making an offer worth $300 million to the Minister of State for Petroleum Resources. The alleged letter was dated December 22, 2022.
Blackford Dolphin kicks off drilling in Nigeria
Once the Blackford Dolphin completes its work for General Hydrocarbons, it will stay in Nigeria for work with Peak Petroleum, at a higher day rate.
Nigeria aims to prop up marginal field plans
It intends to broker deals with service companies, where they provide work in exchange for a service fee recoverable from production.
Stand down Brown, Lagos court orders Seplat CEO
The court based its order on allegations around various actions taken by Brown. He organised a site visit for shareholders, cancelled some landscape and catering contracts and introduced a new job performance rating.
FGE warns of reduced Bonny loading on pipeline explosion
The number of spills fell in 2022, in part because of the shut down of exports through the Trans Niger Pipeline (TNP). The TNP runs to the Bonny terminal.
Seplat CEO forced out of Nigeria in visa row
The company said media reports had been “clearly calculated to spread false information”. Seplat will work with the ministry to tackle the allegations, it said.
Blackford Dolphin to stay in Nigeria past 2024
Dolphin Drilling said the minimum term contract carried an effective dayrate of $325,000 including mobilisation.
The Tinubu presidency and Nigeria’s energy challenges
Tinubu won 36% of the votes cast, securing support from 12 of the 36 states. He received 8.79 million votes on Saturday, while Buhari – in 2019 – pulled in 15.19mn.
Oil buoys Seplat, but pipelines and politics pose problems
Last year, theft on the Nembe Creek Trunk Line (NCTL) and Trans Niger Pipeline ranged from 30% to 90%.
San Leon denies NNPC, Sahara move on OML 18
It did though note that “armed and unknown men” had forcibly evicted Eroton staff from the Alakiri gas plant on February 24. These men claimed to represent OML 18 Energy Resource, a subsidiary of Sahara Group.
Batten down the hatches, it’s voting time in Nigeria
However, a number of election polls have suggested surprising support for Peter Obi, of the Labour Party.
Shell extends Valaris rig for bargain price
Shell’s deepwater unit is using the rig for infill drilling around its Bonga FPSO.
OML 130 drilling faces legal battle, threat to seize Noble rig
“Our rig is still available,” a Palmeron official said. “We believe the contract should be ours. If we do it, we would be the first local contractor in Africa to do drilling. We want the IOCs and the world to encourage us,” he continued.
Daewoo signs off on Kaduna plant repairs with NNPC
The aim is to achieve 60% utilisation by the fourth quarter of 2024. KRPC has 110,000 barrels per day of capacity.
Shell faces additional Niger Delta environmental claims
“It is high time that it addressed the ongoing pollution caused to these communities by its operations. The question must be asked whether Shell simply plans to leave the Niger Delta without addressing the environmental disaster which has unfolded under its watch?”