KBR announced it will be supporting the development of Nigeria’s first ever Floating Liquefied Natural Gas (FLNG) facility, enabling economic growth and sustainability of the country’s future energy supplies. The award, by UTM Offshore Limited, builds on over 40 years of KBR’s continuous LNG experience and depth of FLNG capabilities. Acting as Owner’s Engineers, KBR […]

The Nigeria Federal Government has expressed optimism about improved earnings from its gas monetisation scheme, following the signing of the Pre-Front End Engineering Design (Pre-FEED) contract by the licensee to commence the development of 176 million cubic feet per day Liquefied Natural Gas (LNG) floating plant. The Department of Petroleum Resources (DPR) had issued Licence […]

Nigeria gas flaring is still going unabated despite unalloyed effort and commitment by the present government in creating enabling environment for oil and gas companies to invest in the recent gas code master plan unveiled by the Mohammadu Buhari led administration. According to the data made available by National Oil Spill Detection and Response Agency […]

ADM Energy has announced the completion of its acquisition of a controlling interest in a Risk Sharing Agreement for the development of the large-scale Barracuda field in OML 141, an existing discovery and near-term production asset in swamp/shallow waters offshore Nigeria. This recent deveploment is coming barely less than a week of ADM proclamation of going into […]

ADM Energy, a natural resources investing company, is pleased to announce it has entered into a non-binding collaboration agreement with OES Energy Services Limited, Nigeria’s largest swamp rig services provider, and 4Mation Drilling Services Limited, a solution provider in the energy sector. ADM, OES and 4Mation plan to explore opportunities to develop Barracuda Field in […]

Minister of State for Petroleum Resources, Chief Timipre Sylva, has intervened to avert industrial action at Agbami Offshore Oilfield operated by Chevron Nigeria Ltd (CNL). The General-Secretary of Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Mr. Lumumba Okugbawa, said on Thursday that Sylva had scheduled a meeting with the leadership of the […]

The Nigeria oil and gas regulatory body Department of Petroleum Resources (DPR), has debunked claims that the exact volume of crude oil produced in the country was not known. Mr Paul Osu, Head, Public Affairs, DPR, in a statement issued in Lagos, said every litre of crude produced in the country was adequately captured during […]

RISC was commissioned by Africa Oil Corp. to report on the interests it holds in the reserves and contingent resources of Prime Oil & Gas Coöperatief U.A. as part of its financial reporting to the Toronto Stock Exchange (TSX) for year-ending 2020. The interests include two world-class deep-water blocks in Nigeria, OML 127 and 130. […]

The American major believed that after a year of searching it had found a private Nigerian buyer for its lease on these two offshore blocks, but the NNPC has other ideas, Africa Intelligence reported. The process of selling Chevron‘s 40% stake in oil mining leases (OML) 86 and 88 was initiated in November 2019 via a […]

The Nigeria government has refuted rumor hovering around the energy sector that it has revoked 32 refinery licenses issued to some investors in country. The reaction follows reports making the rounds in some section of the media that the government has revoked some refinery licenses that it had earlier issued within a period of 3 […]