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Off Nigeria

Exxon Mobil Makes Major Find Off Nigeria

Exxon Mobil Corp. made a major oil and gas discovery in the deepwater off the coast of Nigeria. Located about 100 miles southeast of Lagos, the discovery well, Erha-1, was drilled from December 1998 to February 1999. Exxon Mobil said the appraisal well, Erha-2, stood in 3,860 feet of water and was drilled to a total depth of 12,287 feet. It tested at a flow rate of 2,800 barrels per day. As operator, Exxon will hold a 56.25 percent participating interest and Shell Nigeria Exploration and Production Co., a unit of the Royal Dutch/Shell Group, will a hold 43.75 percent stake. Including the Erha find, Exxon Mobil holds an interest in 44 deepwater blocks in West Africa. So far the company and its partners have reported 15 discoveries from these blocks, with a recoverable reserve potential of six billion oil equivalent barrels.


UPDATE: Vessel Feared Hijacked Still Missing off Luanda

Dryad Photo: suspected pirate vessel underway.

Suspected pirate vessel off Angola. Dryad Maritime - a UK-based maritime intelligence firm - says situation has not changed since yesterday.   Dryad Maritime is warning of the possible hijack of a Liberian flagged tanker MT Kerala.  The vessel, owned by Dynacom Tankers, has been reported as missing off the coast of Angola, having last been sighted seven nautical miles NNW of Luanda.  The tanker’s disappearance may represent a significant extension of maritime crime


Total Goes Deep Off Nigeria

Total reportedly launched its second Nigerian deep water drilling project, scheduled to come on stream in 2012 and expected eventually to yield 180,000 barrels a day, according to an AFP report. The new Usan project follows Total's first Nigerian deep water investment, the Akpo field. Deep water fields are further out to sea than offshore fields in shallower waters nearer the coastline. The new field will be operated by Elf Petroleum Nigeria Limited, a Total subsidiary


Saipem Wins $1.5B E&C Offshore Contracts

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 In Iraq, Saipem has been awarded by South Oil Company the EPIC contract for the Iraq Crude Oil Export Expansion Project – Phase 2, within the framework of the expansion of the Basra Oil Terminal, off the Al Faw Peninsula in the Arabian Gulf, approximately 550 kilometres south-east of Baghdad. The contract encompasses the engineering, procurement, fabrication and installation of a Central Metering and Manifold Platform (CMMP), to be installed in a water depth of 28 metres


Tankship Looted, Released by Pirates in Gulf of Guinea

Tankship 'Energy Centurion' has been released east of Lagos, Nigeria, after theft of 3,000 tons of oil, now heading for a safe port.   An official with Golden Energy Management, the Greek company that chartered the ship, told CNN that the Energy Centurion was released Thursday, some 60 miles east of Lagos, Nigeria, and was steaming toward a safe port. The official said all 24 crew members -- mostly Russian -- who are still on board the ship are safe


Pirates Reportedly Hijack Fuel Tanker off Nigeria

Pirates allegedly hijacked a fuel tanker off the Nigerian coast early Saturday morning, AP News reported. The pirates are said to be holding some of the five Nigerian and 12 Pakastani sailors hostage. Pirate gunmen boarded the MT Matrix I, a Nigerian-flagged, Greek-operated 100-meter tankship, roughly 40 nautical miles off of Nigeria’s Bayelsea state, taking a portion of the crew hostage. The tanker’s operator, Val Oil Trading Co


Hyundai Heavy, Nigeria to Set up LNG Shipping Firm

Hyundai Heavy Industries Co., the world's biggest shipbuilder, said on Wednesday it will set up a shipping firm with Nigeria's state-run Nigerian National Petroleum Corp. (NNPC) to deliver liquefied natural gas. Hyundai will own 49 percent stake in the liquefied natural gas (LNG) joint venture shipping company, to be named Nigeria Korea Marine (NIKORMA) Transport Ltd., while NNPC will own 51 percent. The shipbuilder will eventually deliver crude and oil products after initially


Offshore Nigeria Contract for Aker Solutions

Photo: Aker Solutions

Aker Solutions signed a contract with ExxonMobil for the supply of subsea umbilicals for the Erha North phase two development in Nigeria. The Erha North phase two development is an extension of the existing Erha subsea system and infrastructure located approximately 97 kilometers offshore Nigeria in water depths between 1,000 and 1,200 meters. Aker Solutions' scope of work includes the delivery of two dynamic and two static steel tube umbilicals, at a total length of 16.5 kilometers


U.S. Thumps the Table on Nigerian Ship Security

The United States of America government has issued a 90-day ultimatum to Nigeria to improve security in its ports and waterways or face a ban on ships from entering the country. At the opening of a two day General Stakeholders Conference on "Reviving ISPS Code Implementation in Nigeria, Mr. Olugbenga Leke Oyewole, Senior Special Assistant  to the President on Maritime Services, told the Lagos conference that due to measures that were introduced after the September 2011 incident in


Nigeria Maritime Academy Gets Bridge Simulator

Photo courtesy NAUTIS

A NAUTIS Full Mission Bridge Simulator was purchased and delivered to the Maritime Academy of Nigeria in Oron. The new simulator will be used to provide qualitative education and training for the merchant Navy and maritime industry in full accordance with international standards. The Full Mission Bridge Simulator was delivered and installed by VSTEP at the Maritime Academy of Nigeria faculty in Oron. The DNV class B certified simulator includes a GMDSS and Radio Communications simulator


Nigeria Cocoa Shipment Resumes

Exporters have resumed loading of cocoa shipments in Nigeria's second-largest producing area, Cross Rivers state, after the state government suspended on Friday a levy on bean exports, a trade body said. Cocoa shipments from Cross Rivers, which produces annual volumes of around 60


ENI Signs Deal to Expand Oil, Gas Exploration in Congo

Italian oil and gas group Eni said it signed a deal to explore for hydrocarbons in the Republic of Congo's coastal basin, expanding its foothold in sub-Saharan Africa's No. 4 oil producer. At a signing ceremony in capital Brazzaville


Nigerian Piracy Threatens UK Interests: New Report

Maritime Security Guard: Image courtesy of SAMI

The UK economy is heavily exposed to lawlessness off the coast of Nigeria, a new report published today by the UK Chamber of Shipping says. The report found that almost all of the UK’s annual £6.3bn of trade with the region is put at risk by being moved through the high maritime crime


Worrying Trend of Tanker Hijacks in SE Asian Waters: IMB

  The Piracy Reporting Centre (PRC) of the International Chamber of Commerce (ICC) International Maritime Bureau (IMB) raises concerns over a worrying trend of small tanker hijacks in its 2014 half yearly report. Globally, 116 incidents of piracy and armed robbery against ships have been


Opinion: Oil Market Risks Grow as Chaos Spreads

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Iran, Syria, Sudan, Libya, Nigeria and now Iraq: the crude oil market has weathered a long list of actual and threatened supply shocks with remarkable calm. According to the U.S. Energy Information Administration (EIA), unplanned disruptions have removed around 2


Shell Nigeria Declares Force Majeure at its EA Field

Royal Dutch Shell said on Thursday it had declared force majeure at its EA field in Nigeria to repair equipment damaged by bad weather offshore, putting on hold production of about 40,000 barrels of oil a day. Repairs were needed to the soft yoke mooring platform, it said in a statement


US Conditions of Entry for Vessels from Nigeria

The U.S. Coast Guard (USCG) has announced that it will impose conditions of entry on vessels arriving from the Federal Republic of Nigeria (excluding vessels arriving from certain ports) with effect from June 26, GAC reported in its daily Hot Port News Report.


Nigeria Losing $35m a Day from Oil Theft - Report

Nigeria is losing an estimated $35 million a day from oil theft and needs to put a "full, final stop" to the growing black market for crude exports, according to a national conference report seen by Reuters on Tuesday. Africa's largest economy and top oil producer has been struggling


GAC Offers African Oil & Gas Market Insights to Houston

Gerrit Laubscher: Photo GAC

The GAC Group says it is bringing its African market knowledge to US clients in and around the global energy hub of Houston, Texas, with the posting of Gerrit Laubscher, Business Development Manager - Oil & Gas for Sub-Saharan Africa, to share his expertise and focus on promoting trade and


Shell Offers $51M to Settle Nigeria Oil Spills

Royal Dutch Shell is ready to pay up to 30 million pounds ($51 million) in compensation for two oil spills in Nigeria in 2008 after a London court rejected a larger claim, sources involved in the case said on Friday. Around 11,000 residents of the Bodo community in the Niger Delta represented


Angola: Tender for 12 Offshore Oil Blocks

Angolan state oil company Sonangol plans to launch a tender for licences to explore 12 new offshore oil blocks in 2015, state news agency Angop cited Oil Minister Jose Botelho de Vasconcelos as saying on Friday. Seven of the new blocks will be located in the Namibe Basin and the remaining five


Piracy Offshore Africa: Securing a Continent

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Drum Cussac readies local countries to address the scourge of piracy, which up until now has been a largely international endeavor, with a focused ‘capacity building effort.’ The late Nelson Mandela once said: “I dream of an Africa which is in peace with itself


Noble Execs Cut Deal with SEC Ahead of Bribery Trial

Two executives from offshore drilling contractor Noble Corp have agreed to settle civil claims they participated in a bribery scheme to obtain permits for oil rigs in Nigeria, days before the case was set to go to trial. Jury selection had been scheduled for next Monday in the U.S


Canada Crude Imports Slip as Imports from US Grows

Imports of crude oil into Canada fell to a one-year low in May despite a continued climb in imports from the United States, Statistics Canada data showed on Thursday. Canada imported 16.6 million barrels in May, or around 535,000 barrels per day (bpd), from around the world


High Shipping Costs Deter Buyers of W. Africa Crude

Nigerian crude oil differentials held at two-year lows on Monday as demand remained subdued, partly due to high shipping costs from West Africa to Europe. Nearly half of the loading program for August, which originally had 65 cargos, was unsold on Monday






 
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