• Offshore Nigeria

    published: 10 Oct 2011
  • Lagos Nigeria - offshore, video by Croatian maritime officer

    Video made by seafarers in Lagos, Nigeria

    published: 10 Oct 2016
  • Nigerian Oil Company Stikes Gold Finds Huge Oil Deposits

    Three indigenous oil and gas exploration firms -- Optimum, Afren and Lekoil -- yesterday announced a significant oil find in Oil Prospecting Lease, OPL 310, offshore Nigeria. The latest find, which has great potential to yield commercial oil, was made at Ogo-1 well after drilling 10,402 feet. The discovery has the potential to significantly boost Nigeria's oil reserve which currently stands at 37 billion barrels. Afren Plc said it had drilled a well to a total measured depth of 10,518ft (10,402ft true vertical depth subsea), and had encountered a gross hydrocarbon section of 524ft, with 216ft of net stacked pay. The firm added that the well was initially targeted to yield 78 million barrels of oil equivalent but based on evidence to date, targeted resources were likely to be significant...

    published: 27 Jun 2013
  • Piracy in Nigeria - People & Power

    People and Power investigates the rise of piracy in the oil-rich Niger Delta region.

    published: 17 Nov 2016
  • First E&P nears development phase offshore Nigeria

    The chief executive of First E&P, Ademola Adeyemi–Bero, says the private oil firm is preparing to development its offshore assets in Nigeria after more than two years of searching for opportunities. First E&P currently has an equity interest in 5 licences (and is operator is 4), but still needs to secure funding before it sees first oil. The two most significant blocks, in shallow water, are “excellent assets” according to the CEO, who is now working with Deutsche Bank to arrange debt and equity-type financing.

    published: 23 Jun 2015
  • Offshore Nigeria, feeding the sharks

    published: 08 Jul 2016
  • Nigerian Man Arrested for Offshore Bank Account Scam

    Ameche Colvis Amuegbunam has been arrested on charges of fraud charges, after tricking 17 Texas companies into handing over more than $600,000 through a “business compromise email“ (BCE) scam. Amuegbunam’s scam used false documents and emails to convince companies to wire money to offshore bank accounts. From October 2013 to August 2015 BCE scams targeted 7,066 US citizens. Amuegbunam was one of 17 people creating and distributing fraudulent documents. Amuegbunam is facing up to 30 years in prison. Nik Zecevic and Jose Marcelino Ortiz discuss the scheme further on the Lip News. http://thenationonlineng.net/nigerian-arraigned-for-duping-u-s-firms-of-600000/ Newest Lip News playlist: https://www.youtube.com/watch?v=hqgo8_2AGOg&index=1&list=PLjk3H0GXhhGcjJDo6cQBCQprDMQyUQY3r CRIME TIME cli...

    published: 06 Jan 2016
  • All eyes on Canadian Overseas Petroleum's offshore Nigeria asset

    Arthur Millholland, chief executive of Canadian Overseas Petroleum Limited (LON:COPL) tells Proactive they've engaged two investment banks for a potential funding of the group’s plans in Nigeria. Paris based COFARCO SAS and London’s Zeus Capital have been tasked to raise funds for drilling on the OPL 226 asset, offshore Nigeria.

    published: 08 May 2017
  • Deep Sea (Offshore) Drilling Oil Well Exploration

    They are virtual cities stuck in the middle of some of the most dangerous seas on earth. Life on them is hard and fraught with danger from calamitous fires a. Animation of deepwater drilling....

    published: 28 Nov 2014
  • Aveon Offshore Celebrates 3 Nigerian Built Manifold Sail Away

    For more information log on to http://www.channelstv.com

    published: 20 Sep 2017
  • Bonga Spill:NIMASA blames Shell for slick offshore Nigeria

    Bonga Spill:NIMASA blames Shell for slick offshore Nigeria

    published: 06 Jan 2012
  • TECNOSUB Nigeria offshore

    Subsea clamps and 12" riser installation on the ASASA VA platform / EDOP field offhsore Nigeria by Spanish company TECNOSUB SL

    published: 01 Oct 2012
  • Building the Giant Agbami FPSO Vessel

    The giant Agbami Field is one of the largest deepwater oil offshore discoveries in Nigeria. It's estimated to hold potentially recoverable volumes of 900 million barrels of crude oil and natural gas liquids and is expected to reach a maximum daily production rate of 250,000 barrels. The cornerstone of the development is one of the world's largest floating production, storage and offloading (FPSO) vessels. Key components of the FPSO were fabricated in Nigeria, setting a benchmark for using Nigerian goods, labor and services. Agbami represents not only a new source of energy supply, but also provides employment and economic opportunities for Nigeria. Chevron Human Energy Stories: http://www.chevron.com/stories/energy.stories/allstories/agbami/ -

    published: 10 Aug 2009
  • Nigeria Oil Drilling

    More than two decades ago, Nigeria’s Ogoni people forced Shell Oil Company to cease drilling on their land, saying it was polluting the environment. Now, some Ogonis say it’s time for the oil to flow once again. Chris Stein reports from Kegbara Dere, Nigeria.

    published: 10 Mar 2015
  • Offshore Maddness - Nigeria Nollywood 2015 Online Movie

    This Nigeria Nollywood Ghallywood Movie about an officer who hasnt been offshore before and how he ran mad Nollywood Wonder offers you this: Nigerian Nollywood Ghana 2015 Adult Movie Starring; To stay up to date with our latest movies, kindly click the "SUBSCRIBE" button Hey Viewers, please dont just watch, tell us your opinions by commenting below about the movie If you appreciate this movie, kindly click the "LIKE" and "SHARE" button . African Films And Movies gave their best to offer this Free Nigerian Nollywood Movie which is a must watch for all lovers of Nigerian Ghallywood, Nollywood and African Movies and Films. Couvert par AFOREVO. Offert par Nollywood Wonder Powered by AFOREVO. Brought to you by Nollywood Wonder. To stay up to date with nollywood movies 2016 latest full mo...

    published: 21 Aug 2015
  • Offshore Oil Rig Jobs, Typical day.

    Cruise line employment http://a5b10pr928d1clc1ejiu4w7p35.hop.clickbank.net/ Oil Rig Jobs http://www.rigzone.com/oil/jobs/categories/drilling-rig-personnel-3/ Ensure you meet the minimum...

    published: 05 Feb 2014
  • OFFSHORE AFRICA

    AMENOM PROJECT, NIGERIA

    published: 07 Jun 2013
  • Offshore Services Is Revolving In Nigeria -- Ademola PT2

    For more information log on to www.channelstv.com.

    published: 29 Aug 2013
  • Induction Video for "Sea Eagle" Offshore Oil Facility Nigeria (CLIP) | HardHat Media (2013)

    This is a shortened version of an Induction Video for an FPSO Offshore West Africa. Hardhat Media & Communications carried out the whole production, including complete script preparation, filming & editing. Hardhat Media & Communications have long experience at technical and safety videos for oil/gas/mining on 6 continents, and will be pleased to help design and produce your next Induction, Safety, Environmental or Project Progress video.

    published: 05 Apr 2013
  • Offshore Forcados 1972

    Warri river,Shell I.A.John Holt dock and a rigmove in the Forcados estuary of rig 52 by two Zapata boats,the Oil Service and Ranger Service over a life Xmastree.Notice the shallow water.

    published: 06 Nov 2014
  • $21bn Loss: Nigeria seeks to amend deep offshore oil act to raise crude revenue

    Nigeria is seeking to amend a law on deep offshore oil exploration and drilling, aiming to increase government revenue from crude sales when prices exceed $20 a barrel, the country’s oil minister said on Wednesday. Nigeria’s government relies on oil for around two-thirds of its revenue and Africa’s largest economy is still largely dependent on crude production despite the current administration’s attempts to diversify away from the industry. Those efforts have yielded few results, economic data shows. Under the deep offshore act, there was a provision in 1993 that allowed for the government to charge oil companies a premium for the administration’s share of sales once the price of crude exceeded $20 a barrel. The Nigerian government has not enforced that provision but could now look to ...

    published: 15 Dec 2017
  • Offshore Warri Nigeria 1993

    Flight low along coast & back to Funiwa

    published: 28 Feb 2010
  • Life at Shell: Working offshore | Shell Careers

    Visit Shell Careers: http://www.shell.com/careers Graduates & Early-year Professionals -- Ever wonder what it's like to work offshore? Learn how Michelle, Facilities Engineer, makes an impact...

    published: 30 Aug 2013
  • Offshore Services Is Revolving In Nigeria - Ademola

    For more information log on to www.channelstv.com.

    published: 29 Aug 2013
developed with YouTube
Offshore Nigeria

Offshore Nigeria

  • Order:
  • Duration: 8:58
  • Updated: 10 Oct 2011
  • views: 737
videos
https://wn.com/Offshore_Nigeria
Lagos Nigeria - offshore, video by Croatian maritime officer

Lagos Nigeria - offshore, video by Croatian maritime officer

  • Order:
  • Duration: 3:31
  • Updated: 10 Oct 2016
  • views: 514
videos
Video made by seafarers in Lagos, Nigeria
https://wn.com/Lagos_Nigeria_Offshore,_Video_By_Croatian_Maritime_Officer
Nigerian Oil Company Stikes Gold   Finds Huge Oil Deposits

Nigerian Oil Company Stikes Gold Finds Huge Oil Deposits

  • Order:
  • Duration: 6:02
  • Updated: 27 Jun 2013
  • views: 3352
videos
Three indigenous oil and gas exploration firms -- Optimum, Afren and Lekoil -- yesterday announced a significant oil find in Oil Prospecting Lease, OPL 310, offshore Nigeria. The latest find, which has great potential to yield commercial oil, was made at Ogo-1 well after drilling 10,402 feet. The discovery has the potential to significantly boost Nigeria's oil reserve which currently stands at 37 billion barrels. Afren Plc said it had drilled a well to a total measured depth of 10,518ft (10,402ft true vertical depth subsea), and had encountered a gross hydrocarbon section of 524ft, with 216ft of net stacked pay. The firm added that the well was initially targeted to yield 78 million barrels of oil equivalent but based on evidence to date, targeted resources were likely to be significantly in excess of previous estimates. The company said further evaluation using wireline log analysis was currently underway prior to extending the well to a total measured depth of 11,800ft (11,684ft true vertical depth subsea) to target further high potential zones. "The Ogo-1 discovery, testing a four-way dipclosed structure in the Turonian, Cenomanian and Albian sandstone reservoirs, confirms the extension of the same Cretaceous sandstones that have yielded other significant discoveries along the West African Transform Margin," the company said in a statement. It added that: "Following the completion of drilling operations at Ogo-1, the partners intend to drill a planned side-track, Ogo-1 ST, which will test a new play of stratigraphically trapped sediments that pinch-out onto the basement high targeting 124 mmboe of gross P50 prospective resources." The completion of exploration and eventual commercial production would be beneficial to not only the Federal Government but also other stakeholders, including Optimum, Afren and Lekoil that have different participating and economic interests in the oil block. Specifically, participating interest in the block is Optimum on 60 per cent, Afren on 22.86 per cent and Lekoil on 17.14 per cent. Economic interest is Optimum on 30 per cent, Afren on 40 per cent and Lekoil on 30 per cent. The Chief Executive of Afren Plc, Mr. Osman Shahenshah, said the discovery of oil in the Ogo-1 well opened up a new oil basin in an under-explored region and represented a possible extension of the West African Transform Margin. According to Shahenshah, based on evidence to date, targeted resources are likely to be significantly in excess of previous estimates, with some highpotential zones still to be drilled. He said: "We look forward to working with our partners to realise the full potential of Ogo and our additional prospects on the license. "The Ogo-1 exploration success follows a series of recent discoveries, Okoro Field Extension, Ebok North Fault Block and Okwok in Nigeria and Simrit-2 and Simrit-3 on the Ain Sifni Block in the Kurdistan region of Iraq." Nigeria has not made significant oil and gas reserves in recent times as a result of low investment which is said to be a direct function of outdated legislations in the industry. For instance, the Petroleum Industry Bill, PIB, targeted to make the industry more attractive to local and foreign investors, has been with the National Assembly in the last five years. Consequently, many investors have gone to invest in other countries that offer competitive legislations, incentives and policies. A top official of Stumberger confirmed at a recent industry conference in Lagos that many nations in the Gulf of Guinea, especially Angola, have attracted a lot of investments in the past few years. This, according to him, has culminated in the making of commercial oil and gas finds that are capable of boosting reserves and ranking of Angola as a major producer. The official tasked stakeholders, especially legislators, to make progress in order to complete work on the important bill targeted at restructuring the nation's oil and gas industry as well as attracting more investments to boost reserves as well as production capacity. However, a Lagosbased lawyer, Mr. Emeka Okwuosa, said the new PIB was a step in the right direction, a watershed reform that would change the landscape of the oil and gas industry in Nigeria. Okwuosa said the future was promising because the new PIB would be a good and excellent law, open up investment opportunities, unbundle the Nigerian National Petroleum Corporation, NNPC, for better performance and result, and create a transparent, accountable and corruptfree energy regime.
https://wn.com/Nigerian_Oil_Company_Stikes_Gold_Finds_Huge_Oil_Deposits
Piracy in Nigeria - People & Power

Piracy in Nigeria - People & Power

  • Order:
  • Duration: 25:01
  • Updated: 17 Nov 2016
  • views: 421459
videos
People and Power investigates the rise of piracy in the oil-rich Niger Delta region.
https://wn.com/Piracy_In_Nigeria_People_Power
First E&P nears development phase offshore Nigeria

First E&P nears development phase offshore Nigeria

  • Order:
  • Duration: 7:09
  • Updated: 23 Jun 2015
  • views: 81
videos
The chief executive of First E&P, Ademola Adeyemi–Bero, says the private oil firm is preparing to development its offshore assets in Nigeria after more than two years of searching for opportunities. First E&P currently has an equity interest in 5 licences (and is operator is 4), but still needs to secure funding before it sees first oil. The two most significant blocks, in shallow water, are “excellent assets” according to the CEO, who is now working with Deutsche Bank to arrange debt and equity-type financing.
https://wn.com/First_E_P_Nears_Development_Phase_Offshore_Nigeria
Offshore Nigeria, feeding the sharks

Offshore Nigeria, feeding the sharks

  • Order:
  • Duration: 0:45
  • Updated: 08 Jul 2016
  • views: 126
videos
https://wn.com/Offshore_Nigeria,_Feeding_The_Sharks
Nigerian Man Arrested for Offshore Bank Account Scam

Nigerian Man Arrested for Offshore Bank Account Scam

  • Order:
  • Duration: 4:45
  • Updated: 06 Jan 2016
  • views: 15870
videos
Ameche Colvis Amuegbunam has been arrested on charges of fraud charges, after tricking 17 Texas companies into handing over more than $600,000 through a “business compromise email“ (BCE) scam. Amuegbunam’s scam used false documents and emails to convince companies to wire money to offshore bank accounts. From October 2013 to August 2015 BCE scams targeted 7,066 US citizens. Amuegbunam was one of 17 people creating and distributing fraudulent documents. Amuegbunam is facing up to 30 years in prison. Nik Zecevic and Jose Marcelino Ortiz discuss the scheme further on the Lip News. http://thenationonlineng.net/nigerian-arraigned-for-duping-u-s-firms-of-600000/ Newest Lip News playlist: https://www.youtube.com/watch?v=hqgo8_2AGOg&index=1&list=PLjk3H0GXhhGcjJDo6cQBCQprDMQyUQY3r CRIME TIME clips playlist – https://www.youtube.com/watch?v=P5wL7UpAnJc&index=1&list=PLjk3H0GXhhGeC9DbpSnIvd2i9BHh2dBvv BYOD (Bring Your Own Doc) Highlight Videos- https://www.youtube.com/watch?v=gd6emlqJNLg&index=1&list=PLjk3H0GXhhGeu2DCf6Ouo7hTsA5QB2MAL MEDIA MAYHEM short videos playlist - https://www.youtube.com/watch?v=2IgQuyszsMM&index=1&list=PLjk3H0GXhhGcz4un-zws5sMlCLk3NNjDP http://www.thelip.tv https://www.facebook.com/thelip.tv http://www.youtube.com/theliptv
https://wn.com/Nigerian_Man_Arrested_For_Offshore_Bank_Account_Scam
All eyes on Canadian Overseas Petroleum's offshore Nigeria asset

All eyes on Canadian Overseas Petroleum's offshore Nigeria asset

  • Order:
  • Duration: 11:29
  • Updated: 08 May 2017
  • views: 1393
videos
Arthur Millholland, chief executive of Canadian Overseas Petroleum Limited (LON:COPL) tells Proactive they've engaged two investment banks for a potential funding of the group’s plans in Nigeria. Paris based COFARCO SAS and London’s Zeus Capital have been tasked to raise funds for drilling on the OPL 226 asset, offshore Nigeria.
https://wn.com/All_Eyes_On_Canadian_Overseas_Petroleum's_Offshore_Nigeria_Asset
Deep Sea (Offshore) Drilling Oil Well Exploration

Deep Sea (Offshore) Drilling Oil Well Exploration

  • Order:
  • Duration: 1:44:15
  • Updated: 15 Feb 2018
  • views: 90904
videos
They are virtual cities stuck in the middle of some of the most dangerous seas on earth. Life on them is hard and fraught with danger from calamitous fires a. Animation of deepwater drilling....
https://wn.com/Deep_Sea_(Offshore)_Drilling_Oil_Well_Exploration
Aveon Offshore Celebrates 3 Nigerian Built Manifold Sail Away

Aveon Offshore Celebrates 3 Nigerian Built Manifold Sail Away

  • Order:
  • Duration: 2:38
  • Updated: 20 Sep 2017
  • views: 399
videos
For more information log on to http://www.channelstv.com
https://wn.com/Aveon_Offshore_Celebrates_3_Nigerian_Built_Manifold_Sail_Away
Bonga Spill:NIMASA blames Shell for slick offshore Nigeria

Bonga Spill:NIMASA blames Shell for slick offshore Nigeria

  • Order:
  • Duration: 2:46
  • Updated: 06 Jan 2012
  • views: 1470
videos
Bonga Spill:NIMASA blames Shell for slick offshore Nigeria
https://wn.com/Bonga_Spill_Nimasa_Blames_Shell_For_Slick_Offshore_Nigeria
TECNOSUB Nigeria offshore

TECNOSUB Nigeria offshore

  • Order:
  • Duration: 4:19
  • Updated: 01 Oct 2012
  • views: 1588
videos
Subsea clamps and 12" riser installation on the ASASA VA platform / EDOP field offhsore Nigeria by Spanish company TECNOSUB SL
https://wn.com/Tecnosub_Nigeria_Offshore
Building the Giant Agbami FPSO Vessel

Building the Giant Agbami FPSO Vessel

  • Order:
  • Duration: 2:22
  • Updated: 10 Aug 2009
  • views: 61850
videos
The giant Agbami Field is one of the largest deepwater oil offshore discoveries in Nigeria. It's estimated to hold potentially recoverable volumes of 900 million barrels of crude oil and natural gas liquids and is expected to reach a maximum daily production rate of 250,000 barrels. The cornerstone of the development is one of the world's largest floating production, storage and offloading (FPSO) vessels. Key components of the FPSO were fabricated in Nigeria, setting a benchmark for using Nigerian goods, labor and services. Agbami represents not only a new source of energy supply, but also provides employment and economic opportunities for Nigeria. Chevron Human Energy Stories: http://www.chevron.com/stories/energy.stories/allstories/agbami/ -
https://wn.com/Building_The_Giant_Agbami_Fpso_Vessel
Nigeria Oil Drilling

Nigeria Oil Drilling

  • Order:
  • Duration: 2:38
  • Updated: 10 Mar 2015
  • views: 4949
videos
More than two decades ago, Nigeria’s Ogoni people forced Shell Oil Company to cease drilling on their land, saying it was polluting the environment. Now, some Ogonis say it’s time for the oil to flow once again. Chris Stein reports from Kegbara Dere, Nigeria.
https://wn.com/Nigeria_Oil_Drilling
Offshore Maddness - Nigeria Nollywood 2015 Online Movie

Offshore Maddness - Nigeria Nollywood 2015 Online Movie

  • Order:
  • Duration: 1:44:53
  • Updated: 21 Aug 2015
  • views: 331
videos
This Nigeria Nollywood Ghallywood Movie about an officer who hasnt been offshore before and how he ran mad Nollywood Wonder offers you this: Nigerian Nollywood Ghana 2015 Adult Movie Starring; To stay up to date with our latest movies, kindly click the "SUBSCRIBE" button Hey Viewers, please dont just watch, tell us your opinions by commenting below about the movie If you appreciate this movie, kindly click the "LIKE" and "SHARE" button . African Films And Movies gave their best to offer this Free Nigerian Nollywood Movie which is a must watch for all lovers of Nigerian Ghallywood, Nollywood and African Movies and Films. Couvert par AFOREVO. Offert par Nollywood Wonder Powered by AFOREVO. Brought to you by Nollywood Wonder. To stay up to date with nollywood movies 2016 latest full movies, kindly click the "SUBSCRIBE" button https://www.youtube.com/channel/UCslPrFHWzIuHagy3BszaB2w Hey Viewers, please dont just watch, tell us your opinions by commenting below about the movie If you appreciate this nollywood movies 2016 latest full movies, kindly click the "LIKE" and "SHARE" button Nollywood Wonder is African first exclusive online television entertainment Channel. Our Platforms are designed for our entire viewer to find their finest in nollywood movies 2016 latest full movies.There is no limit to the kind of 2016 entertainment we cover. Our goal is to keep the people entertain at all times, so that they could be happy and feel at home.Please make sure you subscribe to Nollywood Wonder, be receiving our daily notification for these nollywood movies 2016 latest full movies. One Love!!! Below are our genre for the best of nollywood movies 2016 latest full movies For our Latest 2016 Nigerian publish - http://bit.ly/20YVqS2 For 2016 nollywood Intriguing Story-line - http://bit.ly/1NYH5Qs For Nollywood 2016 Wonder's 18+ Movies - http://bit.ly/1PxCC8w For Nigerian 2016 Comedy Movies - http://bit.ly/1YexzM3
https://wn.com/Offshore_Maddness_Nigeria_Nollywood_2015_Online_Movie
Offshore Oil Rig Jobs, Typical day.

Offshore Oil Rig Jobs, Typical day.

  • Order:
  • Duration: 4:58
  • Updated: 20 Feb 2018
  • views: 332632
videos
Cruise line employment http://a5b10pr928d1clc1ejiu4w7p35.hop.clickbank.net/ Oil Rig Jobs http://www.rigzone.com/oil/jobs/categories/drilling-rig-personnel-3/ Ensure you meet the minimum...
https://wn.com/Offshore_Oil_Rig_Jobs,_Typical_Day.
OFFSHORE AFRICA

OFFSHORE AFRICA

  • Order:
  • Duration: 4:26
  • Updated: 07 Jun 2013
  • views: 497
videos
AMENOM PROJECT, NIGERIA
https://wn.com/Offshore_Africa
Offshore Services Is Revolving In Nigeria -- Ademola PT2

Offshore Services Is Revolving In Nigeria -- Ademola PT2

  • Order:
  • Duration: 10:02
  • Updated: 29 Aug 2013
  • views: 145
videos
For more information log on to www.channelstv.com.
https://wn.com/Offshore_Services_Is_Revolving_In_Nigeria_Ademola_Pt2
Induction Video for "Sea Eagle" Offshore Oil Facility Nigeria (CLIP) | HardHat Media (2013)

Induction Video for "Sea Eagle" Offshore Oil Facility Nigeria (CLIP) | HardHat Media (2013)

  • Order:
  • Duration: 4:36
  • Updated: 05 Apr 2013
  • views: 1892
videos
This is a shortened version of an Induction Video for an FPSO Offshore West Africa. Hardhat Media & Communications carried out the whole production, including complete script preparation, filming & editing. Hardhat Media & Communications have long experience at technical and safety videos for oil/gas/mining on 6 continents, and will be pleased to help design and produce your next Induction, Safety, Environmental or Project Progress video.
https://wn.com/Induction_Video_For_Sea_Eagle_Offshore_Oil_Facility_Nigeria_(Clip)_|_Hardhat_Media_(2013)
Offshore Forcados 1972

Offshore Forcados 1972

  • Order:
  • Duration: 5:48
  • Updated: 06 Nov 2014
  • views: 115
videos
Warri river,Shell I.A.John Holt dock and a rigmove in the Forcados estuary of rig 52 by two Zapata boats,the Oil Service and Ranger Service over a life Xmastree.Notice the shallow water.
https://wn.com/Offshore_Forcados_1972
$21bn Loss: Nigeria seeks to amend deep offshore oil act to raise crude revenue

$21bn Loss: Nigeria seeks to amend deep offshore oil act to raise crude revenue

  • Order:
  • Duration: 1:24
  • Updated: 15 Dec 2017
  • views: 66
videos
Nigeria is seeking to amend a law on deep offshore oil exploration and drilling, aiming to increase government revenue from crude sales when prices exceed $20 a barrel, the country’s oil minister said on Wednesday. Nigeria’s government relies on oil for around two-thirds of its revenue and Africa’s largest economy is still largely dependent on crude production despite the current administration’s attempts to diversify away from the industry. Those efforts have yielded few results, economic data shows. Under the deep offshore act, there was a provision in 1993 that allowed for the government to charge oil companies a premium for the administration’s share of sales once the price of crude exceeded $20 a barrel. The Nigerian government has not enforced that provision but could now look to amend the law to enable it to do so, Emmanuel Ibe Kachikwu, the oil minister, told reporters after a cabinet meeting in the capital of Abuja. “The net effect for us is close to $2 billion extra revenue for the federation,” Kachikwu said, adding that the petroleum ministry was working with the attorney general to look at the legislation. “From 1993 to now, cumulatively, we have lost a total of $21 billion just because government did not act. We did not exercise it,” he said of the law, without explaining what amendment was needed. The oil minister noted it would be difficult to recoup past losses, given oil companies that were not paying the government a premium for sales over $20 a barrel were not breaking the law. However, the administration will explore whether there is an opportunity to get back some of the money, Kachikwu added. The government is also pushing to have Nigeria’s three main oil refineries up and running at full capacity by 2019, the oil minister said. Despite producing vast quantities of crude oil, Nigeria exports almost all of its crude for refining overseas before paying to have the final fuel products imported, a drain on foreign currency reserves. The administration hopes to raise $2 billion for the refurbishment of the refineries from the private sector, and have them producing around 425,000 barrels of oil per day by the end of 2019, said Kachikwu. Nigeria’s reliance on oil sales led to it falling into recession last year largely due to low crude prices and attacks by militants on energy facilities in the southern Niger Delta production heartland. The OPEC member emerged from the recession - its first in 25 years - in the second quarter of 2017 as a result of higher oil receipts.
https://wn.com/21Bn_Loss_Nigeria_Seeks_To_Amend_Deep_Offshore_Oil_Act_To_Raise_Crude_Revenue
Offshore Warri Nigeria 1993

Offshore Warri Nigeria 1993

  • Order:
  • Duration: 5:54
  • Updated: 28 Feb 2010
  • views: 3247
videos
Flight low along coast & back to Funiwa
https://wn.com/Offshore_Warri_Nigeria_1993
Life at Shell: Working offshore | Shell Careers

Life at Shell: Working offshore | Shell Careers

  • Order:
  • Duration: 2:00
  • Updated: 18 Feb 2018
  • views: 178285
videos
Visit Shell Careers: http://www.shell.com/careers Graduates & Early-year Professionals -- Ever wonder what it's like to work offshore? Learn how Michelle, Facilities Engineer, makes an impact...
https://wn.com/Life_At_Shell_Working_Offshore_|_Shell_Careers
Offshore Services Is Revolving In Nigeria - Ademola

Offshore Services Is Revolving In Nigeria - Ademola

  • Order:
  • Duration: 10:04
  • Updated: 29 Aug 2013
  • views: 216
videos
For more information log on to www.channelstv.com.
https://wn.com/Offshore_Services_Is_Revolving_In_Nigeria_Ademola