Oil & Gas

Optimum, Lekoil and Afren hit significant oil discovery offshore Nigeria

Jun 26, 2013

Nigerian player Optimum Petroleum, along with drilling partners Afren and Lekoil, struck a “significant light oil accumulation” at the Ogo-1 well on the Ogo prospect in OPL 310 off Nigeria. The well was drilled to 3205 metres and threw up a gross hydrocarbons column of 160 metres with 66 metres of net stacked pay. Drilling…

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WorleyParsons wins engineering, project services contract from Addax

Jun 26, 2013

WorleyParsons’ Nigerian joint venture company DeltaAfrik Engineering bagged a three-year contract from Addax Petroleum – a subsidiary of China’s Sinopec Group – to provide engineering and project services for the latter’s capital projects and operating assets in West Africa, comprising Nigeria, Cameroon, and Gabon. WorleyParsons said the contract, which includes a two year extension option,…

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11 Ships Wait to Discharge Petroleum Products in Lagos

Jun 26, 2013

Eleven ships are waiting to discharge petroleum products at the various oil terminals within the Lagos ports, the Nigerian Ports Authority (NPA) has said. The “Shipping Position”, a daily publication of the NPA made available to newsmen on Tuesday in Lagos, reported that 10 of the ships were laden with petrol, while one ship would…

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Gas supply to power plants increases

Jun 26, 2013

Gas supply to power plants across the country has increased as about 300 million standard cubic feet of the product is currently being pumped into the system. The Chief Executive Officer, Nigerian Gas Company, Mr. Saidu Mohammed, who spoke with our correspondent on the telephone on Tuesday, said, “We have been able to restore gas…

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Court orders arrest of 2 oil marketers over N979.6m subsidy fraud

Jun 26, 2013

An Ikeja High Court on Tuesday issued a bench warrant on two oil marketers, Oluwaseun Ogunbambo and Habila Theck, for failing to attend their trial without cogent reasons. The warrant was issued by Justice Adeniyi Onigbanjo on the marketers who are standing trial for an alleged N979.6 million fuel subsidy fraud. The  judge also revoked…

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NIMASA further delays NLNG ships over dispute on freight levies

Jun 26, 2013

Exports of Liquefied Natural Gas, LNG, from Nigeria’s LNG plant located on Bonny Island, Rivers State, were delayed for the fourth day after the state-run maritime security agency blocked ships from accessing the Bonny terminal over disputes on freight levies, Nigeria LNG Ltd said. The Nigerian Maritime Administration and Safety Agency, NIMASA, has barred ships…

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Total awards Egina contracts to Saipem, FMC

Jun 26, 2013

Total S.A. subsidiary Total Upstream Nigeria Ltd. awarded contracts to Saipem S.p.A. and FMC Technologies for the subsea Egina field development Tuesday. Under a contract valued at $3 billion, Saipem will provide engineering, procurement, fabrication, installation and pre-commissioning of 32 miles of oil production and water injection flow lines, 12 flexible jumpers, 12.4 miles of natural…

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Kidnapped offshore crew released

Jun 26, 2013

Four crew members snatched from an offshore vessel off Nigeria almost two weeks ago have been released, Upstream understands. The three Indians and one Pole are understood to be safe and well and have arrived back in Lagos following their abduction from the anchor-handling tug supply vessel MDPL Continental One on 13 June. The master,…

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Shell contractors arrested by JTF for oil theft

Jun 25, 2013

Contractors working for a Royal Dutch Shell Plc (RDSB) unit have been arrested in Nigeria as alleged accomplices in the theft of oil that led to a pipeline fire, according to a report by Dow Jones Newswire. The Shell Petroleum Development Company (SPDC) previously said the Trans-Niger Pipeline, which carries 150,000 barrels a day of…

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NNPC relays fears over US shale oil discovery

Jun 25, 2013

The discovery of shale oil by the United States to meet its domestic crude oil needs may adversely affect Nigeria’s revenue. As a result, the Nigerian National Petroleum Corporation has expressed fears, saying the US might go into territories currently being served by Nigeria’s oil, after satisfying its local crude oil needs. Speaking on the…

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