The Nigerian National Petroleum Corporation (NNPC), said it has signed a Head of terms (HoT) agreement with China National Offshore Oil Corporation(CNOOC) and an indigenous oil production firm —South Atlantic Petroleum (SAPETRO). This now stands as a preliminary agreement to end a dispute with two energy companies over oil exports, signaling a move toward resolving […]
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 […]
French energy giant Total has said recently that its 58 per cent owned affiliate, Total Gabon, has signed an agreement with Perenco to divest its interests in seven mature non-operated offshore fields. The agreement also includes Total interests and operatorship in the Cap Lopez oil terminal. The final transaction approval still remains on authoritative power […]
The Nigerian National Petroleum Corporation (NNPC) has signed a $1.5 billion prepayment deal led by Standard Chartered (STAN.L) and backed by oil traders Vitol Group and Matrix Energy, two sources close to the matter said, the first such agreement since the coronavirus pandemic. The deal provides OPEC-member Nigeria with much-needed cash after its finances were […]
ION Geophysical Corporation has announced the first 3D multi-client program in Mauritania in partnership with the Ministry of Petroleum, Mines and Energy (MPME). ION will seamlessly integrate and reimage ~24,000 sq km of MPME-held 3D data and can expand the scope to include ~15,000 km of 2D data pending industry support. Leveraging the Company’s latest […]
BW Offshore a Norwegian global leading provider of floating production services to the oil and gas industry has received a one-year contract extension for the lease and operation of the FPSO Petróleo Nautipa. Operating on the Etame field offshore Gabon for VAALCO Energy. The firm period has been extended the operations of FPO Petroleo Nautipa […]
According to information available to Reuters, the Italian prosecutor has asked for Eni and Shell to be fined and some of their former and current executives, including Eni CEO Claudio Descalzi, to be jailed in a long-running trial over an alleged corruption scheme related to licence OPL 245 in Nigeria. The prosecutors alleged that Eni and […]
Oil and Gas Industrial Watchers are still keen towards the long awaited Final Investment Decision (FID) on the prolific Preowei field expected in early 2019. French oil gaint Total is considering Preowei discovery tie-back to the Egina FPSO design and the competitive bidding process to select a subsea contractor for its deep-water project which is […]
The PGS Nigeria MultiClient data library provides excellent 2D and 3D seismic coverage over recently announced blocks in the 2020 Marginal Fields Bid Round. The Department of Petroleum Resources (DPR), on behalf of the Federal Government of Nigeria, recently launched its 2020 licensing round. A total of fifty-seven marginal fields are on offer, including a […]
The Nigerian National Petroleum Corporation (NNPC) has fired 850 workers, many of them from refineries, amidst the coronavirus pandemic, senior oil workers union said. The workers sacked are both skilled and unskilled contractors, including technicians who helped maintain Nigeria’s oil refineries, said Lumumba Okugbawa, general secretary of the Petroleum and Natural Gas Senior Staff Association […]
