Nigeria News

 

Shell to Focus on Deepwater as it Exits Nigeria's Onshore Oil Production

Mar 14, 2025

Shell has completed the sale of its Nigerian onshore subsidiary, the Shell Petroleum Development Company of Nigeria Limited (SPDC), to Renaissance as part the $1.3 billion agreement announced early in 2024.The divestment of SPDC aligns with Shell’s intent to simplify its presence in Nigeria through an exit of onshore oil production in the Niger Delta and a focus of future disciplined investment in its deepwater and integrated gas positions…

Saipem Scoops $900M for Work with Shell Off Nigeria

Dec 19, 2024

Saipem, in consortium with KOA Oil & Gas and AVEON Offshore, has been awarded a new offshore contract by Shell Nigeria Exploration and Production Company Limited (SNEPCo) for the Bonga North Project.The project is related to the tieback of wells to the existing Bonga floating production…

TechnipFMC to Supply Subsea Production System for Shell’s Nigerian Deepwater Project

Dec 18, 2024

Oilfield services company TechnipFMC has secured a contract with Shell’s subsidiary, Shell Nigeria Exploration and Production Company Limited (SNEPCo) to supply its Subsea 2.0 production systems for the Bonga North development offshore Nigeria…

Shell Makes FID for Deepwater Oil Project Off Nigeria

Dec 16, 2024

Shell Nigeria Exploration and Production Company Limited (SNEPCo), a subsidiary of Shell, has made a final investment decision (FID) on Bonga North, a deepwater project off the coast of Nigeria.Bonga North will be a subsea tie-back to the Shell…

Equinor Exits Nigeria and Azerbaijan in $2B Oil and Gas Assets Sale

Dec 09, 2024

Equinor has closed transactions exiting the upstream businesses in Azerbaijan and Nigeria, with a total estimated consideration of up to $2 billion.After more than 30 years as a business partner in Azerbaijan and Nigeria, transactions leading…

Shelf Drilling Scoops $234M in West Africa Drilling Contracts

Oct 10, 2024

Offshore drilling firm Shelf Drilling has secured $234 million in contracts and extensions for two of its jack-up drilling rigs - Shelf Drilling Achiever and Adriatic I - for work offshore West Africa.The company has now fully executed a three…

Improved Security Lifts Nigeria's Oil Output

Aug 07, 2024

Nigeria's oil output has risen to between 1.6 million and 1.7 million barrels per day after the government beefed up security to curb crude theft, Chief of Naval Staff Emmanuel Ikechukwu Ogalla said on Tuesday.Crude production in Nigeria, a…

NNPC Inks FLNG Deal with Golar LNG to Boost Gas Developments in Nigeria

Jun 12, 2024

Marine LNG infrastructure developer Golar LNG has signed a project development agreement (PDA) with the state-owned Nigerian National Petroleum Corporation (NNPC) for the deployment of an FLNG facility offshore Niger Delta.With a capacity of 400-500 million standard cubic feet per day (MMscf/d)…

Helix Secures Deepwater Well Intervention Contract in West Africa

Feb 27, 2024

U.S.-based oil and gas services firm Helix Energy Solutions has been awarded a deepwater well intervention contract award by Esso Exploration and Production Nigeria (Esso) at Erha and Usan fields, offshore Nigeria.The project is expected to…

Equinor Sells Nigerian Business to Chappal Energies

Nov 29, 2023

Equinor and Chappal Energies have entered into an agreement for the sale of Equinor Nigeria Energy Company (ENEC), which holds a 53.85% ownership in oil and gas lease OML 128, including the unitised 20.21% stake in the Agbami oil field, operated by Chevron…

Shelf Drilling Secures $93 Million Contracts for Jack-up Rig Duo in Nigeria

Oct 03, 2023

Shelf Drilling said Tuesday it had secured contracts for the Adriatic I and the Shelf Drilling Mentor jack-up rigs for operations offshore Nigeria for firm durations of 16 months and 8 months, respectively. The combined estimated contract value for the two rigs is approximately USD 93 million…

Exxon Pledges More Nigerian Oil Output - Presidential Spokesperson

Sep 20, 2023

Exxon Mobil Corp has pledged additional oil production of nearly 40,000 barrels per day in Nigeria in a new investment push in the country, a presidential spokesperson said on Tuesday, citing Exxon's president of global upstream operations.Nigerian…

Nigeria's NNPC Signs Deals with Total, CNOOC on Deepwater Oil Block

May 26, 2023

Nigeria's state-owned oil company NNPC Ltd said on Thursday it had renewed a production sharing contract with Total, China National Offshore Oil Corp and others, a major step to resolving disputes on a deepwater oil block in the Niger Delta…

Shelf Drilling Lands $11M Offshore Drilling Rig Contract in Nigeria

Apr 25, 2023

Jack-up drilling rig contractor Shelf Drilling has secured a short-term contract for Adriatic I jack-up drilling rig for operations offshore Nigeria.The contract is for 90 days and has an estimated value of $11 million, excluding revenues for mobilization and demobilization…

Blackford Dolphin Semi-submersible Rig Starts Drilling Contract in Nigeria

Mar 21, 2023

Dolphin Drilling's Blackford Dolphin semi-submersible drilling rig has started its contract with General Hydrocarbons Limited (GHL) in Nigeria.After its recertification for a new five-year period in Las Palmas, Spain, the Blackford Dolphin was towed to Port Harcourt in Nigeria in February 2023…

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