Latest News for: Offshore nigeria


Pass PIB despite its imperfections

Business Day Online 08 Feb 2021
Today, that fund is over $1trillion but Nigeria’s revised PIB has no provision that will ensure oil funds are accumulated ... It is so clear to see that Nigeria is not paying attention to what is happening around the world ... In the past couple of years, we have seen more international oil companies move offshore which is a sign of discouragement.

Nigeria issues arrest warrant against ExxonMobil boss

Urdu Point 04 Feb 2021
The project is an ExxonMobil Nigeria scheme to upgrade offshore and onshore facilities. The contract involves mobile Producing Nigeria, a subsidiary of ExxonMobil, as well as Suffolk Petroleum Services Limited, Saipem Contracting Nigeria, Global Offshore Limited and Van Ord, the EFCC added.

Declining oil rigs shows investors’ apathy in Nigeria

Business Day Online 02 Feb 2021
There were 11 land rigs, 1 swamp, 5 shallow offshore, and 8 deep offshore. Indeed, latest information on rig operations in Nigeria from OPEC shows there were only 17 rigs in 2019 as against 32 recorded in 2018, a decline of 46 percent. The decline in rig operations means it would be difficult for Nigeria to increase its oil reserve.

Oil Companies fear Nigerian plan may deter offshore investment

Business Day Online 26 Jan 2021
International energy companies working in Nigeria are worried that proposals in the country’s long-delayed oil industry law will deter investment in new offshore projects. At least half of Nigeria’s total crude output is from offshore oilfields, helping to offset ...
photo: AP / Themba Hadebe
Nigerian President Muhammadu Buhari attends a press briefing after meeting with South African President Cyril Ramaphosa in Pretoria, South Africa Thursday, Oct. 3, 2019

Nigerian President Buhari replaces top military commanders

Al Jazeera 26 Jan 2021
Buhari, a former army general first elected in 2015, came to power promising to tackle Nigeria’s security problems ... Armed gangs have surged through Nigeria’s northwest and kidnappers patrol many of the country’s roads. In the Gulf of Guinea, where Nigeria’s offshore oil wealth is concentrated, piracy is on the rise.

Eni awards another extension to BW FPSO in Nigeria

Offshore Energy Today 04 Jan 2021
FPSO operator BW Offshore has been awarded a contract extension for its Abo FPSO from Eni for operations on a field located offshore Nigeria. The post Eni awards another extension to BW FPSO in.. ... .

BW Offshore awarded FPSO extension by Eni

Splash24/7 04 Jan 2021
The 1976-built FPSO has been operating offshore Nigeria in ...

Cotonou West Beach Road Run

Business Day Online 12 Dec 2020
A recent beach coconut grove reforestation initiative immediately west of the Fidjerossé roundabout has enhanced overall beauty ... Read Also. Lagos ... Roughly halfway to Ouidah, a discrete sign and cleared swathe of land indicates the point at which the offshore natural gas pipeline from Nigeria comes onshore to feed the new power plant inland at Calavi ... .

CAIA Association Marks Successful Introduction of Online Proctoring to Its Exam Approach; Welcomes Largest New ...

The Marshall News Messenger 09 Dec 2020
AMHERST, Mass.--(BUSINESS WIRE)--Dec 9, 2020-- ... “In fact, online proctoring allowed us to test in 38 countries where we had never given exams before, including Bahrain, Pakistan, Kenya, Nigeria, Namibia, Chile, Jamaica, Romania, New Zealand, Malaysia, Cambodia, Brunei and offshore financial hubs such as Malta, Jersey and Guernsey ... CONTACT ... KEYWORD.

Founder of offshore company backed by Priti Patel in legal battle involved in arms deal

The Independent 26 Nov 2020
One of the founders of an offshore company backed by Priti Patel in a $10 billion legal battle with Nigeria in British courts was caught up in an illegal arms deal that ...

Insurers falter on local content policy gains as big ticket risks go offshore

Business Day Online 25 Nov 2020
The nation’s insurance industry is beginning to lose the benefits of the country’s local content policy on the domestication of business, as many big-ticket risks are finding their way offshore through reinsurance. The Federal Government Nigeria Content ...