Nigeria

Unfazed by OPEC, Libya and Nigeria seek to boost oil output

December 12, 2017 | Libya, Nigeria, OPEC

London, UK |  – Less than two weeks after OPEC’s decision to extend oil production cuts, Libya and Nigeria – the only two exempt members of the group – are signalling their intent to raise output next year. While several ministers at the November 30 meeting of the Organization of the Petroleum Exporting Countries suggested the two nations had joined the output-curbing deal, both are working to add to their peak production from this year. On Friday, oil company Total said its new Egina field …

Protesters say they briefly shut three ENI oil wells in Nigeria

December 12, 2017 | Company Operations, Nigeria, Politics & Social Unrest

Yenogoa, Nigeria | –  Protesters briefly shut three oil wells owned by Italy’s ENI in the Niger Delta region of south-south Nigeria over the weekend and could try do so again, a community leader said on Tuesday. Timiondi Fabofighe, chairman of the Ikebiri Community Development Committee (CDC), said the protests, against the presence of multinational oil companies in Nigeria’s oil production heartland, took place at ENI’s subsidiary Agip in Bayelsa state. ENI declined to comment. It was not immediately clear if the protests had affected …

Shell helped Nigeria’s military to commit human rights abuses – Amnesty

November 28, 2017 | Health, Safety & Environment, Nigeria, Politics & Social Unrest

London, UK | – Oil giant Shell should be investigated for alleged complicity in” horrific crimes” committed by the military in Nigeria in the 1990s, Amnesty International has said. Shell encouraged a crackdown, which led to killings and the burning of villages in the oil-producing Ogoniland region of Nigeria’s restive Niger Delta, the rights group added. The Anglo-Dutch oil supermajor said the allegations were “without merit”. The region was hit by protests over oil pollution and poverty in the 1990s. It led to a massive …

Petrobras, BTG Pactual to sell their Nigerian oil venture

November 12, 2017 | Asset Acquisitions & Divestitures, Nigeria

London, UK | –  Brasil’s state-controlled oil company Petroleo Brasileiro SA (Petrobras) is leading an effort to sell Petrobras Oil and Gas BV (Petrobras Africa), after being joined in the sale by shareholders Grupo BTG Pactual SA and Helios Investments, it said on Thursday. Heavily indebted Petrobras announced plans this week to sell its 50 percent stake, and began sending information on the company to potential investors. It has been joined in the sale by BTG Pactual E&P BV, a subsidiary of investment bank Grupo …

Halliburton opens new oil and gas training and research centre in Nigeria

November 10, 2017 | Company Operations, Nigeria, Oilfield Services

Uyo, Akwa Ibom, Nigeria | – American multinational oilfield service corporation Halliburton announced today that it worked with the Akwa Ibom state government  to inaugurate and open Nigeria’s first oil and gas training centre fully-equipped with oilfield operations tools. The Akwa Ibom Oil and Gas Training and Research Centre will provide courses in field development, drilling and completions engineering, well intervention solutions and digital technologies to local energy employees and students. Halliburton Landmark will provide the training curriculum, instructors, software, workstations and tools to be …

Nigeria’s Kachikwu says IOCs prepared to invest over $15billion in oil projects

November 02, 2017 | Budget & Investment, Government & Regulations, Nigeria

Abuja, Nigeria | – The Nigerian minister of state for Petroleum Resources, Dr. Ibe Kachikwu, on Monday stated that reforms initiated and executed by the federal government in Nigeria’s oil and gas industry within the last two years had earned the sector the confidence of international oil companies (IOCs) who he noted had requested to invest over $15 billion in the sector, Nigerian newspaper ThisDay reports. Kachikwu said in a podcast he released in Abuja that at the moment IOCs were beginning to believe in Nigeria’s …

34 firms bid to secure NNPC’s downstream assets in Nigeria

November 02, 2017 | Company Operations, Contracts, Nigeria

Abuja, Nigeria |  — The Nigerian National Petroleum Corporation (NNPC) has described the bid by a total of 34 firms to provide security services for its assets across the country as efforts to consolidate on steady supply and distribution of petroleum products in the country. A statement from the Corporation said the public opening of bid is part of the Corporation’s commitment to transparency as a Focused, Accountable, Competitive and Transparent organisation, conducting its business with Integrity (FACTI) as reported by Nigerian newspaper Leadership. The …

Nigeria’s NNPC signs MoU to build biofuel plant

November 02, 2017 | Biofuels, Budget & Investment, Nigeria

Lagos, Nigeria | – Nigeria plans to build a 65 billion litres/year biofuel plant to boost supply of clean fuels in the country, state-owned Nigerian National Petroleum Corporation (NNPC), said Wednesday. NNPC signed a Memorandum of Understanding with the Southwest Ondo state government to build the project, which will use cassava as a feedstock. NNPC group managing director Maikanti Baru said the ethanol produced from the plant will be blended with gasoline produced locally or imported by the NNPC to lower the sulphur content in the fuel. …