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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


Total Says Nigeria’s Oil Bill Will Hurt Industry

According to a September 21 report from the Associated Press, a top official at French oil major Total SA warned that a proposal to overhaul Nigeria's oil industry would hobble foreign investment, just as the firm prepares to bring a major offshore field into production. Analysts said the petroleum bill would sharply reduce the profits of foreign oil companies like Chevron Corp., Exxon Mobil Corp., Royal Dutch Shell PLC and Total, all of whom have subsidiaries operating oil fields in Nigeria


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


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


Total E&P is First to Use FROG-XT4

Image courtesy of Reflex Marine

Total E&P is the first to use Reflex Marine’s newly developed FROG-XT4 on the Odudu field in Nigeria. The French operator purchased the crew transfer device primarily for carrying out inter-field transfers. They have already found the device to be an invaluable backup method for when


Seadrill Ink US$1.1-Bln Total Contract

Image credit: Seadrill

Offshore driller Seadrill signed a five-year, $1.1 billion contract with Total for work offshore Nigeria, it said on Monday. The contract, for Seadrill's newly built ultra-deepwater West Jupiter drillship, is worth around $600,000 per day, including mobilisation


Oil Tanker Missing Off Ghana Coast Amid Report Of Piracy

Possible Attack by Pirates

A Liberia-flagged oil tanker has gone missing off the coast of Ghana and a senior port official told Reuters on Saturday the captain sent a distress call to say the vessel was attacked by pirates. The Liberia-flagged MT Fair Artemis last made contact with its manager


Pirated Tankship Found Off West Africa Coast

File photo

An oil tanker missing for a week off the coast of West Africa was attacked by pirates who stole its cargo, the company that managed the ship said on Thursday after speaking with its captain. The Liberia-flagged MT Fair Artemis had last made contact with its manager, Fairdeal Group SA


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


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


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






 
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