DOF Subsea has received two contract-awards for undisclosed clients in Africa, securing further vessel and resource utilization in 1Q and the first part of 2Q 2020. The first contract is for seismic nodes installation in Nigeria. The work will be executed from the CSV Geosund. The second is a contract extension with
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The International Court of Arbitration of the International Chamber of Commerce has ruled in favor of Woodside Energy in a dispute concerning developments offshore Senegal. Melbourne-based independent FAR initiated the arbitration, claiming a pre-emption right over Woodside’s 2016 transaction with ConocoPhillips to secure a 35% interest in the Rufisque Offshore, Sangomar
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In an effort to deepen local content in the petroleum industry, the Nigerian Liquefied Natural Gas (NLNG) disclosed that the entire installation and construction works of its train 7 project would be executed in Nigeria. The Managing Director/Chief Executive Officer of the NLNG, Mr Tony Attah, who made the disclosure at the
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The Department of Petroleum Resources (DPR) has suspended the manual processing of all downstream application for licenses and permits. The agency explained further that to replace the manual process, it has launched its digitization initiative for downstream operations under the ‘Automated Downstream System’ (ADS) program. The digital initiative according to DPR is
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A total of 150.4 million barrels of crude oil valued at N3.04tn was swapped for refined petroleum products by the Nigerian National Petroleum Corporation between September 2018 and September 2019, latest figures from the oil firm showed. Nigeria's refineries are operating far below expectation in terms of crude oil refining and
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Nigeria’s indigenous oil and gas exploration and production company, Lekoil, said it has reached an agreement with Optimum Petroleum Development Company, the Operator of the OPL 310 License, on deferring the company’s financial and operational obligations due in February 2020. As previously announced, pursuant to
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Eni has started production from the deepwater Agogo oil field in block 15/06 off Angola. Agogo was developed as a subsea tieback to the N’Goma FPSO, which serves the block’s West Hub, 15 km (9.3 mi) from the field. Current production is around 10,000 b/d,
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It was a good way to end 2019 for the country’s oil and gas industry when on December 27, the shareholders of the Nigeria Liquefied Natural Gas Limited (NLNG), including the Nigerian National Petroleum Corporation (NNPC), Shell, Total and Eni took the Final Investment Decision (FID) on NLNG Train 7
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A group known as Partner for Petroleum & Energy Sector Prosperity Initiative (P-PESPI) has called on President Buhari to urgently escalate his intervention to stop criminals to vandalise and steal the nation’s oil assets. In a statement, the Chairman, P-PESPI, Charles Ibiang, stressed that the intervention had become more than necessary
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Namibia, Nigeria and Angola have been named the top three hot spots for oil companies. But, how do corruption and environmental factors affect the countries’ cultivation? Nigeria has long been known for its oil resources. Likewise, Angola has been known for its high quantities of natural oil, but decades of corruption
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