Labour gives conditions for post-local content operations
WORKERS in nation’s petroleum industry, have given conditions under which companies operating in the country’s oil and gas industry should be allowed operate within the ambit of local content Act recently signed into law by President Goodluck Jonathan. Under the umbrella of Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN and its Nigerian […]
World Bank to provide $200m for renewable energy project in Nigeria
The World Bank has said it is committing over $200 million towards the implementation of renewable energy projects in Nigeria towards enhancing access and rural electrification as part of its commitment to the nation’s power sector.
Obama unveils Gulf of Mexico oil spill response
US President Barack Obama has defended his government’s handling of the huge oil spill in the Gulf of Mexico. He unveiled a series of measures, including a continued moratorium on drilling permits for six months. The move comes after an opinion poll said 60% of Americans were unhappy with the government’s response. Meanwhile, BP said […]
Akepo production on target for late summer start
The consortium on the Akepo field is expecting production to commence by the end of the summer. As previously disclosed, the Akepo-1 ST discovery well was tested and completed. Once online, the well is expected to produce between 2,500 and 3,000 gross bopd. The Akepo field is located in the shallow waters of the southeastern […]
Witness: BP took ‘shortcuts’ before well blowout
COVINGTON, La. (AP) Senior managers complained oil giant BP was “taking shortcuts” by replacing heavy drilling fluid with saltwater in the well that blew out, triggering the massive oil spill in the Gulf of Mexico, according to witness statements obtained by The Associated Press. Truitt Crawford, a roustabout for drilling rig owner Transocean LTD, told […]
Acergy awarded $120M contract offshore Nigeria
Acergy announced the award of a contract valued at approximately $120 million, offshore Nigeria in shallow water depths. This contract includes the removal of existing risers and the installation of approximately 15km of new pipelines and associated risers, together with associated diving and hook-up activities. Construction engineering will commence immediately, with offshore installation due to […]
