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Nigeria News

10 Mar 2024

Esgian Week 10 Report: Additional Backlog Secured

© freddytb Foto / Adobe Stock

Esgian reports that offshore drilling contractors secured additional backlog in the U.S. Gulf of Mexico, Egypt, Nigeria, and Brazil and operators confirmed new discoveries in Indonesia, Côte d’Ivoire, and China in its Week 10 Rig Analytics Market Roundup.ContractsDiamond Offshore has executed a two-year contract extension with a subsidiary of bp in the U.S. Gulf of Mexico for the 12,000-ft drillship Ocean BlackHornet.Shelf Drilling’s 250-ft jackup Rig 141 has secured a two-year…

22 Jan 2024

Argeo Searcher Set to Sail to Indian Ocean after Shell’s Nigeria Task

(Credit: Argeo)

Oslo-listed offshore service company Argeo has informed that its DP2 vessel Argeo Searcher completed the deepwater inspection services at Shell’s Bonga field, and is scheduled to set sail to Indian Ocean for a job with India’s National Centre for Polar and Ocean Research (NCPOR).In a vessel schedule update, released on January 22, 2024, Argeo confirmed its current backlog includes close to $53 million (NOK 550 million), with a further sales and revenue potential of additional $19 million (NOK 200) million for Argeo Searcher vessel in the second half of 2024.According to the company…

29 Dec 2023

Esgian: New Contracts, Drilling Activities and Rig Moves Across the World

Borgland Dolphin drilling rig (Credit: Dolphin Drilling)

Esgian's last roundup of the year for the Week 52 puts spotlight on new developments for Dolphin Drilling semisub, Seadrill drillships, as well as Shell’s plans for Australia and ONGC’s new tender for jackups in India.ContractsDolphin Drilling has signed a Letter of Intent (LOI) with an undisclosed operator for the 1,500-ft semisubmersible Borgland Dolphin to undertake a 500-day drilling campaign in the UK. The drilling campaign is planned to begin directly after the firm part of the contract period with EnQuest, which was announced in late November 2023.

19 Dec 2023

New Tugs Delivered to Ghana Ports and Harbors Authority

(Photo: Damen Shipyards)

Two next-generation Damen ASD Tugs 2813 have been delivered to the Ghana Ports and Harbors Authority (GPHA).Commissioned during a ceremony on December 14, the newbuilds Capt. Edward A. A. Awuviri and Nestor Percy Galley—named after two former Director Generals—were built at Damen Shipyards’ dedicated tug building facility Damen Song Cam Shipyard in Vietnam.The vessels each deliver 83 tonnes bollard pull ahead and up to 77 tonnes astern, making them capable of maneuvering the range of large vessels that use the Ghanaian ports of Takoradi and Tema…

07 Dec 2023

Russia Pledges More Oil Data to Ship Trackers

© AUUSanAKUL+ / Adobe Stock

Russia has pledged to disclose more data about the volume of its fuel refining and exports after OPEC+ asked Moscow for more transparency on classified fuel shipments from the many export points across the vast country, sources at OPEC+ and ship-tracking firms told Reuters.Russia is the only member of OPEC+ which contributes to export cuts rather than production cuts as part of its participation in the group's agreement to curb supplies. Market analysts have struggled to verify…

29 Nov 2023

Equinor Sells Nigerian Business to Chappal Energies

Source: Equinor

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.Equinor has been present in Nigeria since 1992 and has played a significant role in developing Nigeria’s largest deep-water field, Agbami. Since production started in 2008, the Agbami field has produced more than 1 billion barrels of oil…

28 Nov 2023

Report Highlights EU Live Animal Transport Issues

Source: Eurogroup for Animals

A new report provides insights into animal welfare issues during transport within and from the EU.Around 44 million farmed animals a year are transported, including unweaned calves and lambs on journeys from Europe lasting up to three weeks.Inadequate and misleading official records are masking the true horror and scale of the EU’s long-distance trade in farmed animals, say the international NGOs Eurogroup for Animals and Compassion in World Farming, on release of the report.

19 Sep 2023

Concordia Damen Converts Inland Shipping Vessel into TSHD

Source: Concordia Damen

Concordia Damen recently delivered a special project that involved the conversion of a Dutch barge into a Nigerian dredger. The trailing suction hopper dredger (TSHD) Sayonara has now arrived and is at work on the Lagos Lagoon.Three years ago, the Werkendam shipyard came into contact with a Nigerian dredging company via Damen Shipyards Gorinchem. This eventually led to the start of the complex conversion project in December 2021. After extensive testing to ensure that the vessel…

01 Aug 2023

Two Week Contract Extension for FPSO in Nigeria

Credit: BW Offshore

FPSO leasing company BW Offshore has signed a short-term extension for its Abo FPSO.The extension was signed with Nigerian Agip Exploration Ltd, a subsidiary of the Italian oil firm Eni, and runs until August 14, 2023.BW Offshore has been in talks to divest the FPSO, which is operating at the Abo field offshore Nigeria, and is seen as non-core to its FPSO fleet. This extension is the latest in a series of short-term extensions announced for the Abo FPSO recently.The ABO FPSO started producing in April 2003.

11 Jul 2023

Two Nigerian Migrants Rescued from Ship's Rudder

(Photo: Las Palmas Port Police)

The Spanish coastguard rescued two Nigerian migrants who stowed away on the rudder of a ship that arrived in the Canary Islands from Togo, a coastguard spokesperson and the police said on Tuesday.After being rescued on Monday night in the port of Las Palmas, the migrants were taken to a hospital.

10 Jul 2023

Nigeria Will Destroy a Vessel it Intercepted Carrying Stolen Crude

(Photo: NNPC Ltd)

Nigeria's state-owned oil firm NNPC Ltd said on Monday an 800,000-liter (211,338-U.S. gallon) vessel carrying stolen crude had been intercepted offshore while heading to Cameroon and would be destroyed as a deterrent to oil theft.Crude theft from pipelines and wells in the Niger Delta has hobbled the country's output in recent years and is one of the biggest challenges to confront new President Bola Tinubu.NNPC said the oil was stolen from a well in south western Ondo state.

22 Jun 2023

Saudi Arabian Crude Oil Exports Fall 12%

“By agreeing to an additional voluntary production cut within OPEC (Organization of the Petroleum Exporting Countries) of 500,000 barrels per day in May and announcing a further independent production cut of 1,000,000 barrels per day in July, Saudi Arabia is aiming to reduce excess supply and support prices,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO.According to the EIA (U.S. Energy Information Administration), Saudi Arabian oil production fell to 9.9 mbpd (million barrels per day) in May…

19 Jun 2023

OPEC Fund Partners with IRENA

Source: IRENA

The OPEC Fund for International Development has signed an agreement with the International Renewable Energy Agency (IRENA) to join the Energy Transition Accelerator Financing (ETAF) platform.The platform is a global initiative that seeks to mobilise funds for renewable energy investments. The OPEC Fund plans to support the platform with up to USD 250 million financing until 2030 to finance renewable energy solutions in its partner countries.The ETAF platform, established by IRENA and backed by the United Arab Emirates, initially aimed to mobilise at least USD one billion of capital by 2030.

15 Jun 2023

Singapore's Penguin Shipyard Selects Kongsberg Kamewa Waterjets for Fast Ferries Bound for the Middle East

©Kongsberg Maritime

Norway's Kongsberg Maritime has secured a contract to supply its Kamewa waterjets for two fast ferries to be built by Singapore's Penguin Shipyard for a Middle East client. Each of the new 56-meter Ropax ferries will be equipped with four Kongsberg Kamewa 71 S-4 waterjets and control systems.Designed by Incat Crowther UK, the ferries will have a capacity of 250 passengers and 25 cars. The 71 S-4s are from the Kongsberg Kamewa Steel series of waterjets, with a maximum power of…

30 May 2023

Heroic Idun Released from Nigeria

Source: Nigerian Navy

The Nigerian Navy announced the release of the VLCC Heroic Idun on Saturday, and the crew and vessel are now reportedly sailing for South Africa.The navy said the “grave infractions” of the vessel were prosecuted by the Federal Government of Nigeria at the Federal High Court, Port Harcourt on January,10 2023. The 26 foreign crew pleaded guilty and elected voluntarily to enter into a plea bargain that involved paying fines and making an apology to the Federal Republic of Nigeria…

18 May 2023

Report: US Gulf of Mexico Oil Production Leads on GHG Intensity

© Troy V Smith / Adobe Stock

The US National Ocean Industries Association (NOIA) has released a study on global oil production emissions that finds that the greenhouse gas intensity of US oil production, particularly in the U.S. Gulf of Mexico, is significantly lower than most other regions around the world.Prepared by ICF, the GHG Emission Intensity of Crude Oil and Condensate Production report, calculates that total US oil production has a carbon intensity 23% lower than the international average outside of the US and Canada.

08 May 2023

Tanker Crew Members Rescued More Than Five weeks After Gulf of Guinea Pirate Attack

Six crew members who were kidnapped by pirates from a Danish-owned ship in the Gulf of Guinea in late March have been rescued from an undisclosed location in Nigeria, the vessel's owner said on Monday.The Liberian-flagged oil and chemical tanker Monjasa Reformer with 16 crew members was hijacked on March 25 by five armed assailants some 140 miles west of the Republic of Congo's Port Pointe-Noire."All recovered crew members are in a relatively good health condition given the difficult circumstances they have been under in the last more than five weeks," Monjasa CEO Anders Ostergaard said in a statement.The crew members have all received medical checks and are now being repatriated to their home countries and families, he added.

18 Apr 2023

Survey: 28% of Seafarers Were Charged Illegal Recruitment Fees

© Denys Yelmanov / Adobe Stock

New research has found that of almost 5,000 seafarers surveyed, almost 40% have experienced at least one form of unethical or illegal action in violation of international standards relating to worker rights either during the recruitment process or while working at sea.The research report was published by the Institute for Human Rights and Business and Sustainable Shipping Initiative and is based on surveyed data obtained between September 2022 and February 2023.The findings include that 70% (around 1…

10 Apr 2023

Rare Shipments of North Sea Forties Crude Head to East Coast Refiners

U.S. and Canadian refiners have turned to North Sea "Forties" crude oil for the first time in seven years in the latest sign of changing global oil flows from Russia's invasion of Ukraine. Nearly 2.6 million barrels of the crude are set to arrive at U.S. East Coast ports since February, according to Customs data on Refinitiv Eikon. Some of the oil is likely headed to Canada via pipeline. The light, low-sulfur Forties crudes are blended with others to replace Russian crudes that have been barred from the U.S. and Canada. Prior to the ban, about 50% of all crude from Russian ports that landed in the U.S. went to East Coast refineries, the customs data showed. The tanker Sea Turtle in February discharged 770,000 barrels of Forties and Forties blend crudes in Maine, destined for Suncor Energy.

06 Apr 2023

Western Restrictions on Russian Oil Reshuffle Global Shipping Patterns

©Happyphotons/AdobeStock

Global fuel suppliers are turning to longer and costlier routes that produce more carbon emissions to move their diesel and other products as Western restrictions on Russian cargoes have reshuffled global energy shipping patterns.As a result of the European Union ban on Russian fuel that started on Feb. 5, tankers carrying clean oil products such as gasoline, diesel, jet fuel and naphtha are traveling between 16 and 18 days to bring Russian supplies to Brazil or U.S. cargoes to Europe…

03 Apr 2023

Russia Boosts Seaborne Diesel Exports

© Vladimir / Adobe Stock

Russia increased its sea-borne diesel exports by 12% month-on-month in March to 4.5 million tonnes, boosting shipments to other destinations after its products were banned from the EU market, Refinitiv data and Reuters calculations showed.A full EU embargo on Russian oil products went into effect on Feb. 5.Turkey remains the top destination for Russian diesel and gasoil supplies, with its shipments almost doubling last month to about 1.6 million tonnes, according to Refinitiv…

13 Mar 2023

Venezuela to Ship Fuel to Cuba on US-blacklisted Supertanker

© Igor Groshev / Adobe Stock

Venezuela's state-run oil company PDVSA on Monday was loading a supertanker with crude and fuel for Cuba, maritime documents showed, an unusually large volume to help its political ally overcome an energy crisis with repeated blackouts.Several big electrical outages this year have left many in Cuba concerned about power supplies this summer, when residents crank up air conditioning to stay cool in the Caribbean heat.Cuban officials have blamed the intermittent power on difficulties processing heavy sour Cuban crude and fuel shortages on the island…

25 Jan 2023

Nigeria Opens 'Game Changer' Billion-dollar Deep Seaport

The US$1.5 billion Lekki Deep Sea Port is commissioned in Lagos, Nigeria. (Photo: Nigerian Ports Authority)

Nigeria opened a billion-dollar Chinese-built deep seaport in Lagos on Monday, which is expected to ease congestion at the country's ports and help it become an African hub for transshipment, handling cargoes in transit for other destinations.President Muhammadu Buhari has made building infrastructure a key pillar of his government's economic policy, and hopes that this will help his ruling party win votes during next month's presidential election.The new Lekki Deep Sea Port is 75% owned by the China Harbour Engineering Company and Tolaram group…

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