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The Department of Petroleum Resources, Nigeria’s regulatory agency for the petroleum industry, is awaiting signal of the President and Minister of State in Abuja to start the process of conducting a bid round of some of the country’s 178 flare gas sites. It’s the first major implementation of the new legal framework on flared …
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By Fred Akanni, in Lagos A consortium led by Vitol and comprising Africa Oil Corp. (25%), Delonex Energy Ltd. (25%) and Vitol Investment Partnership II Ltd. (50%), has entered into a Share Purchase Agreement (SPA) to acquire a 50% ownership interest in Petrobras Oil and Gas B.V. for $1.407Billion. BTG Pactual E&P B.V. …
Continue reading "Vitol & Co Finally Buy Out Petrobras From Nigeria"
 …says patronage of local coys might attract discount on NCDF A new modular fire field and emergency response training centre built by Tolmann Allied Services Limited has been commissioned by the Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote. Located in Port Harcourt, Rivers State, the facility can provide practical demonstrations …
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 A new framework that would promote optimal production and patronage of locally produced barites in oil and gas operations would be developed by the Nigerian Content Development and Monitoring Board (NCDMB) in conjunction with the Association of Miners and Processors of Barites (AMAPOB). The Executive Secretary of NCDMB, Engr. Simbi Wabote directed the development …
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Nigerian authorities have asked Elcrest E&P to commit to gas monetisation as a condition to renewing its equity participation in a lease in the Western Niger Delta. Elcrest acquired 45% of Oil Mining Lease (OML) 40 from Shell, TOTAL and ENI in 2012, but the subsisting licence with which these majors held the lease …
Continue reading "Lease Renewal: Elcrest To Pay $6Million, Do A Gas Project"
The Oil and Gas Trainers Association (OGTAN) recently held a business forum on the Total Plc CSR Project on Education. Held at the Eko Hotel, in Lagos State, South West Nigeria, it showcased two of the outstanding examples of the beneficiaries of the International Oil company (IOC)’s commitment to the development of Local Capacity …
Continue reading "OGTAN SHOWCASES TOTAL’S IMPACT ON TRAINING"
 Engr. Simbi Wabote, Executive Secretary of Nigerian Content Development and Monitoring Board (NCDMB) went global today with Nigerian Content Advocacy, when he addressed delegates to the African Oil Week (AOW) in Cape Town, South Africa at the start of the African Local Content Forum. African Local Content Forum is an innovative inclusion in the bouquet of …
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Following its discovery of Kalimba 1 in June 2018, Italian major ENI set up an accelerated exploration programme in Angola’s Block 15/06, where it already has some producing fields. The company commenced a drilling campaign involving four (4) exploration wells. In the event of success, this strategy will enable a fast-track development of these new …
Continue reading "ENI Chases New Oil in Proven Angolan Block"
The Nigerian National Petroleum Corporation (NNPC) has said that crude oil and gas export sale by the corporation in August 2018 was $470million, indicating an upsurge of about $78million in relation to July oil and gas export figures of $391.91million. NNPC Monthly Financial and Operations report for August 2018 released today in Abuja by the …
Continue reading "NNPC Records Crude Oil and Gas Export Sale of $470m in August"
Australia-based FAR Limited has failed to reach main targets at the first well to be drilled offshore The Gambia in 40 years, thus deeming the well unsuccessful. Stena Drillmax; Source: Wikimedia; Author: CARLOS TEIXIDOR CADENAS – under the CC BY-SA 4.0 license. FAR started drilling the Samo-1 exploration well in block A2 offshore The Gambia in October, using the Stena Drillmax …
Continue reading "Gambia’s first offshore well in 40 years turns out to be duster"
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