Renamed floating, production storage and offloading vessel Tamara Tokoni is ready for deployment at the Okpoho field in oil mining lease 119 by the end of October, sources familiar with the deal have said. Tamara Tokoni FPSO was formerly a Bumi FPSO. This is Century Energy Services second FPSO deal in a few weeks. Last […]

NigerStar 7, an Engineering.Procurement, Construction and Installation (EPCI) has announced the addition of two offshore construction vessels to its Nigerian fleet. The Seven Antares and Seven Inagha offshore construction support vessels acquisition and the reflagging is in addition to other recent progressive and expansion investments executed by the company in recent time to increase its […]

Nigeria began preliminary talks with international oil companies to settle a dispute over revenue. The government, citing a 2018 Supreme Court ruling, says it’s entitled to $62 billion from the companies after they failed to comply with a 1993 law that hands the state a greater share of income when oil exceeds $20 a barrel. […]

ADM Energy, an exploration and production company has reinvigorated its investment interest in Nigeria oilfield Sector. The Company Presently holds an operatinginterest in OML 113, Aje field offshore Nigeria, has indicated its future investment strategy for a larger portfolio of projects across Nigeria and West Africa in 2020 and beyond.The Company recently made significant changes […]

To expeditiously grow the Federal Government’s revenue and in turn boost the nation’s reserve base,the Nigerian National Petroleum Corporation (NNPC), Nigeria Agip Oil Company (NAOC) and Oando, have executed a novation agreement for Oil Mining Leases (OMLs) 60,61, 62 and 63. The Group Managing Director of the NNPC, Mallam Mele Kyari, speaking on the significance […]

The Nigerian National Petroleum Corporation(NNPC) said that it had secured a US$3.15 billion financial and technical services agreement with local firm Sterling Oil Exploration & Energy Production Company Limited (SEEPCO) to develop the OML-13 oil license operated by NNPC’s upstream subsidiary Nigeria Petroleum Development Company (NPDC). The deal is part of NNPC’s strategy to develop […]