Seplat seeks pipeline work at troubled OML 53
Seplat Energy has invited companies to tender for pipeline works at its OML 53 asset as it aims to boost oil production.
Nigeria
Tinubu takes aim at Nigeria’s oil-linked budget
Presidential hopeful Bola Tinubu has set out his plans for Nigeria, aiming to scale up oil production and phase out the fuel subsidy.
Shell terminal exports resume amid Nigeria’s production slump
Exports from Shell’s Forcados oil terminal in Nigeria resumed after a 10-week interruption, offering a boost to the government amid tumbling crude production this year.
Afreximbank signs RBL deal with Amni, commits to energy bank
Afreximbank has agreed to provide $600 million in financing to Nigeria’s Amni International Petroleum Development.
NLNG declares force majeure on Niger Delta flooding
Nigeria LNG (NLNG) has declared force majeure as a result of flooding that disrupted upstream gas suppliers.
Shell to resume Forcados exports
Shell will resume exports from its Forcados oil terminal by the end of the month, once essential repairs are completed.
Nigeria’s oil woes to get worse before they get better
As Nigeria moves into election season, oil production is struggling – and it seems it will get worse before it gets better.
OPEC slashes production, Biden talks tough
OPEC has taken the decision to cut production by 2 million barrels per day from its August target, amid growing concerns over weak pricing.
Aberdeen’s Dolphin Drilling secures contract in Nigeria worth £84m
Aberdeen-headquartered Dolphin Drilling has bagged a yearlong contract worth $96 million (£84m) for work offshore Africa.
NNPC buys “very profitable” fuel business from Vitol, Helios
Nigerian National Petroleum Corp. (NNPC) has bought OVH Energy Marketing, owner and operator of Oando-branded retail stations.
Nigeria launches upstream probe to tackle production problems
Nigeria’s upstream regulator is launching an investigation into the country’s production woes, saying there is more than just oil theft to blame.
Starsight, SolarAfrica to merge and expand
Starsight Energy and SolarAfrica have set out a plan to merge and expand into new areas, particularly Francophone West Africa.
Nigeria, Morocco double down on mega pipeline project
Nigeria and Morocco have signed more agreements on a proposed major offshore gas pipeline, bringing Senegal and Mauritania on board.
Africa Oil sees progress looming in Nigeria, Kenya
Africa Oil (TSX:AOI) expects a number of developments in the next month or so, including the spud of the Gazania well, an extension to its licence in Nigeria and the signing of a Kenya deal.
Nigeria’s Seplat spent $450mn with firms tied to founders
One of Nigeria’s largest independent oil and gas producers spent more than $450 million on goods and services provided by companies linked to its two founders over 12 years, most of it after the firm publicly listed in London and Lagos in 2014.
Nigeria falls behind as output slips under 1mn bpd
Nigeria’s oil production has slipped below the 1 million barrel per day mark, according to new data from the upstream regulator. The decline in August has seen Nigeria fall to fourth largest producer in Africa, from first.
NSCDC stands accused of extorting fuel retailers
A Nigerian law enforcement agency has launched an investigation into its own officers following reports that they were extorting independent fuel suppliers.
One of world’s most polluted spots gets worse as $1bn cleanup drags on
In the more than a quarter century since Shell Plc left Ogoniland in southern Nigeria, oil has continued to ooze from dormant wellheads and active pipelines, leaving the 386-square mile kingdom’s wetlands shimmering with a greasy rainbow sheen, its once-lush mangroves coated in crude, well-water smelling of benzene and farmlands charred and barren.
Delayed Dangote launch to end Nigeria’s fuel imports, Kyari says
The major Dangote Refinery project, near Lagos, will come on stream “latest by the middle of next year”, Nigerian National Petroleum Corp. (NNPC) head Mele Kyari has said.
Militants object to security contract handout in Nigeria
Nigeria’s attempts to tackle its oil theft problem have seen a new deal signed with a former leading militant – but the move has sparked protests.
Shell, Exxon, others to end billion dollar Nigerian lawsuits
Shell, ExxonMobil, Chevron and Equinor plan to withdraw multibillion-dollar lawsuits against Nigeria’s state energy company after finalizing new terms for deep-water oil production in Africa’s largest crude producer.
Abubakar touts power plans amid grid chaos
Nigerian presidential hopeful Atiku Abubakar has set out his plans to tackle the country’s power problems – and the ongoing place for gas.
Supertanker seized after fleeing Nigerian navy
Equatorial Guinea’s navy has arrested a VLCC that had fled from Nigeria, after an alleged attempted loading at the Akpo field.
Savannah strikes Notore gas supply deal
Savannah Energy has signed another gas sales agreement in Nigeria with Notore Chemical Industries.
NNPC extends four licences on pre-PIA terms
Nigerian National Petroleum Corp. (NNPC) has renewed licences with leading international companies in the deepwater in a move expected to unlock new investments.