Latest News for: Offshore nigeria


Mobil-Seplat Deal: Buhari Backs NUPRC on Decline of Ministerial Consent

This Day 11 Aug 2022
If it succeeded, the transaction would have seen the acquisition of the entire offshore shallow water business of ExxonMobil in Nigeria and was expected to deliver 186 per cent increase in production from 51,000 bpd to 146,000 bpd or 170 per cent increase in 2P liquids reserves, from 241 MMbbl to 650 MMbbl.

Akinosho: Handling of Seplat-ExxonMobil Deal Unhealthy for Nigeria’s investment Environment

This Day 11 Aug 2022
... has faulted the position of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on President Muhammadu Buhari’s consent to the sale of ExxonMobil USA’s whole shares in Mobil Producing Nigeria Unlimted (MPNU) to Seplat Offshore Limited, a subsidiary of Seplat Energy Plc.

NUPRC Stands Firm on Mobil-Seplat No Deal, Insists Status Quo Remains

This Day 09 Aug 2022
Earlier in the year, THISDAY had exclusively reported that SeplatEnergies, an indigenous oil company, was in the process of acquiring the entire offshore shallow water business of ExxonMobil in Nigeria ... The transaction encompassed the acquisition of the entire offshore shallow ...

CBN Urges Private Sector Operators to Repatriate FX Earning to Ease Pressure

This Day 04 Aug 2022
The Central Bank of Nigeria (CBN) has advised members of the organised private sector (OPS) to always ensure that they repatriate foreign exchange (FX) proceeds back to the apex bank in order to ease FX pressure in the country ... “We are taking FX out of this country and dumping offshore; when we were told to bring them back.

In Response to Critics, NNPC Says It’s Not in Business of Grabbing Assets

This Day 03 Aug 2022
No legislation yet on solar in Nigeria ... The transaction had encompassed the acquisition of the entire offshore shallow water business of ExxonMobil in Nigeria and was supposed to create one of the largest independent energy companies on both the Nigerian and London Stock Exchanges.

Valaris scores multiple drilling deals

Splash24/7 29 Jul 2022
Offshore driller Valaris has secured new contracts and extensions for its drilling units, ... The New York-listed company has sealed a six-month extension from Shell offshore Nigeria for the 2017-built drillship Valaris DS-10.

TotalEnergies starts production from tie-back project off Nigeria

Offshore Energy Today 25 Jul 2022
French energy giant TotalEnergies has kicked off production from a field tied back to existing facilities located offshore Nigeria. The post TotalEnergies starts production from tie-back project off Nigeria appeared first on Offshore Energy ... .

What you need to know about Ikike oilfield

Business Day Online 25 Jul 2022
... Licence 99 and has a water depth of 20m, approximately 20km offshore Nigeria.

Divestments: Conoil Director Tackles NNPC, Kyari

This Day 25 Jul 2022
He also cited how NNPC allegedly acted illegally recently by blocking Seplat Energy from purchasing ExxonMobil Producing Nigeria Unlimited (MPNU)’s offshore shallow water assets in the country after the company had completed negotiations with the American oil major in a deal worth $1.28 billion.

TotalEnergies' long-delayed Nigeria gas project starts up

Upstream Online 25 Jul 2022
... on stream its long-delayed Ikike gas field offshore Nigeria.

TotalEnergies Kicks Off Production From Ikike Project Off Nigeria

Rigzone 25 Jul 2022
TotalEnergies has started production from the Ikike field via a tie-back to existing facilities located offshore Nigeria ... .

EU Intensifies Pressure on Nigeria to Supply Gas to Europe

This Day 24 Jul 2022
A major area of collaboration, the parties agreed on is the ongoing Ajaokuta-Kaduna-Kano (AKK) Gas Project and the Trans Sahara Gas Pipelines (TSGP) project regarded as one of the world’s longest offshore pipelines and is expected to transport gas from Nigeria through Morocco to Europe.

Divestment ‘ll Affect Nigeria’s Economy, Says ERA

This Day 20 Jul 2022
“These are the keys among many things that can protect both the divesting and investing entities, protect Nigeria citizens and protect Nigerian economy. “Divestment is a double jeopardy for Nigeria because these divesting entities are divesting onshore to go deep offshore where it is difficult for us to monitor their activities.

Nigeria: Major revamp of gas-rich field on cards after PetroNor deal wraps up

Upstream Online 14 Jul 2022
... offshore Nigeria – two years and nine months after first announcing the deal.

Two oil & gas firms close long-anticipated deal for sale of stake in field off Nigeria

Offshore Energy Today 13 Jul 2022
Panoro Energy has completed the sale of its interest in the Offshore Mining Lease no. 113 (OML 113) offshore Nigeria to Oslo-listed PetroNor. The post Two oil & gas firms close long-anticipated.. ... .

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