Category: Oil & Gas
Oil theft: Tompolo uncovers another illegal pipeline operating near military post in Delta
Sources said that oil companies, oil bunkers, Nigerian National Petroleum Corporation, NNPCL, and security officials jointly steal crude oil through the illicit pipeline connected to the trunk line through an abandoned pipeline by the Nigerians Agip Oil Company Limited, NAOCL, and linked to a location in the high sea, where they load crude oil into vessels and sell overseas.
Inside details of how Nigerian oil export terminal had theft line into sea for 9 years
The 4-kilometre (2.5-mile) connection from the Forcados export terminal, which typically exports around 250,000 barrels per day (bpd) of oil, into the sea was found during a clamp-down on theft in the past six weeks.
Nigerian oil sector loses 97% foreign investment —Report
In its Nigerian Capital Importation Report for the second quarter of 2022, inflows of foreign investments into the oil and gas industry, which stood at $68.6m (N30bn) in the first half of 2021, crashed to $2.5m (N1bn) in the first half of 2022, making it a 97 per cent drop.
Shell set to resume TNP pipeline test
It supports crude oil production from the facilities of the SPDC joint venture and other producers who rely on the Bonny terminal for crude export.
Heirs Oil and Gas Ltd, ND Western Ltd compete to buy Shell’s stake in Nigerian oil fields
Heirs Oil and Gas Ltd. and ND Western Ltd. are vying for Shell’s 30% stake in the joint venture, which manages assets in the Niger Delta and offshore areas.
Energy Transition: NNPC, Sahara Group invest $300m in gas
WAGL Energy Limited, the JV company between NNPC and Oceanbed (a Sahara Group Company) is driving NNPC’s five-year $1 billion investment plan announced in 2021to to accelerate the decade of the Gas and Energy transition agenda over the period.
Wike, others hail Supreme Court ruling on Rivers oil wells
Rivers State Governor, Nyesom Ezenwo Wike, says the State was in court with its neighbouring Imo State, not to claim victory, but to defend its ownership rights of oil wells in Akri and Mbede communities.
Nigeria loses N1.22tn to deficit oil production —Reports
Nigeria was unable to produce about 22.658 million barrels of crude oil valued at N1.22tn in the first quarter of this year due to its persistent inability to meet the crude oil production quota approved for the country by the Organisation of Petroleum Exporting Countries.
Oil production: Nigeria leads Q1 shortfall, World Bank cites sabotage
According to the bank, Nigeria has a shortfall of 500,000 barrels per day, while Angola and Russia both have a shortfall of 300,000 barrels per day.
ION awarded five-year contract with Brunei Shell Petroleum for a digital solution to manage Marine Logistics
The solution will be delivered utilizing the MarlinTM software suite and will include vessel monitoring, berth management, and visual reporting tools for material supply workflows.