Leading domestic gas distribution company, Shell Nigeria Gas (SNG), has signed a 20-year agreement for the domestic distribution of gas to industrial customers and manufacturing plants in Lagos and Ogun States. In the new deal with the Nigerian Gas Marketing Corporation (NGMC), SNG will also extend its distribution network to Badagry to serve a new […]

No less than 96 contractors have shown interest in undertaking the rehabilitation and maintenance of the Nigerian National Petroleum Corporation’s (NNPC) ageing downstream infrastructure.  Ranging from critical pipelines to depots and terminals through the Build, Operate and Transfer (BOT) financing model. This was disclosed at a virtual public bid opening exercise which held at the […]

The Shell Petroleum Development Company of Nigeria Limited (SPDC), has completed the sale of its 30% interest in Oil Mining Lease (OML) 17 in the Eastern Niger Delta, and associated infrastructure, to TNOG Oil and Gas Limited, a related company of Heirs Holdings Limited and Transnational Corporation of Nigeria Plc (Transcorp), for a consideration of $533m. A […]

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 […]

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 […]

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 […]

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, […]

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 […]

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 […]

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 […]