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Nigeria

TMC Compressors wins Nigeria’s Bonga Main FPSO offshore topside compressors contract

TMC will deliver an offshore compressed air system consisting of three large compressors and control system to the Bonga Main FPSO (floating, production, storage and offloading vessel), which is located 120 kilometres southwest of the Niger Delta, in a water depth of more than 1,000 metres. The three large compressors will be retrofitted onboard the Bonga Main FPSO, which […]

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Nigeria: SPDC Jettison the Purported Takeover of SPDC JV’s Kidney Island and SPDC’s Interest in OML 11 By Rivers State Government

The Shell Petroleum Development Company of Nigeria Limited (SPDC) has dismissed the purported takeover of Kidney Island asset of the SPDC Joint Venture in Port Harcourt by the Rivers State Government in the exercise of rights purportedly acquired through a court auction process that is still the subject of ongoing appeals at the Court of […]

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Nigeria: 2020 Marginal Oilfield Bid Rounds as Catalyst for Growth

With the recent shortlisting of 161 indigenous companies to advance to the next and final stage of the bid round process for 57 marginal oilfields in the country, the Nigerian oil and gas industry is expected to witness tremendous growth in no distant time a source from Nigeria regulatory body DPR reported.. The 161 successful […]

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Nigeria Marginal Fields: DPR Forges Ahead Despite Challenges by Emmanuel Addeh

In June last year, the federal government commenced the process of awarding marginal oilfields to qualified bidders, especially indigenous oil and gas companies that had shown capacity and resilience over the years. Coming at a time that the country’s revenue had gone south due to headwinds occasioned by the vicissitudes of the international oil market, […]

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Nigeria: Towing the path to successful marginal field bid round By FEMI ADEKOYA

For the oil and gas industry, year 2020 remains unusual in the highs and lows of economic cycles. The downturn caused by COVID-19, however, has not only put many companies at risk but also oil-dependent nations like Nigeria. Defying the odds, the Federal Government, through the Department of Petroleum Resources (DPR), amid other measures, decided […]

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Nigeria: Lekoil makes Clarification on Medallion’s shares acquisition

LEKOIL an oil and gas exploration and production company with a focus on Nigeria and West Africa, has said that it has noted the recent local press speculation in relation to a letter received by the Company from the Honourable Minister of State of Petroleum Resources of Nigeria in connection with the prior acquisition of […]

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Yinson Abigail-Joseph FPSO’s vessel resumes Production off Nigeria

Nigerian National Petroleum Corporation, NNPC, and First Exploration & Petroleum Development Company Limited, First E&P, have announced the arrival of the Abigail-Joseph Floating Production Storage and Offloading, FPSO, unit to the shores of Nigeria.  In a statement obtained by Vanguard Maritime Report, weekend, First E&P said prior to her sail-away, the FPSO underwent upgrade, refurbishment and life extension […]

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Nigeria LNG Maps out 450,000 MT of LPG annually for domestic use

Consumers of the Liquefied Petroleum Gas, LPG, would have more domestic supply, as the Nigeria LNG Limited, has started the supply of 450,000 metric tonnes, MT in 2021, Vanguard news media reported. A company source, who confirmed the development, said the product would be delivered to designated destinations, including Lagos. Earlier, Managing Director, NLNG Limited, […]

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Panoro Energy Hints Extension of Long Stop Date for Sale of Aje

Panoro Energy ASA is pleased to announce that PetroNor E&P Limited and Panoro have reached an agreement to extend the completion long stop date for the previously announced sale of its fully-owned subsidiaries that hold 100% of the shares in Pan Petroleum Aje Limited. The original long stop date was December 31, 2020, being the […]

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Nigeria: 161 companies set for final stage of marginal oilfield bid round

The Nigerian petroleum regulatory body Department of Petroleum Resources (DPR), has said that 161 successful companies have been shortlisted to advance to the next and final stage of the bid round process for 57 marginal oilfields in the country. Mr Paul Osu, Head, Public Affairs, DPR, disclosed this recently in Lagos that the firms were […]

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