Nigerian Maritime Administration and Safety Agency has issued a ship detention order to the Nigeria Liquefied Natural Gas Limited, NLNG, halting gas exports and detaining three of its vessels.

Optimum Petroleum Development Limited and its partner Afren Nigeria have announced that the high impact Ogo-1 well located on the OPL 310 licence offshore Nigeria has discovered a significant light oil accumulation, based on the results of drilling and wireline logs.

NIgeria’s development partners have invested about N187.44 billion ($1.17 billion) in the country’s energy sector as at December 2012, under the Country Assistance Framework, CAF.

His professional colleagues describe him as a ‘smart guy’, although no exactly clear why, but Mr. George Abiodun Osahon, has been smart enough to clinch juicy petroleum industry jobs at the least expected of times.
And so he did on Wednesday, when President Goodluck Ebele Jonathan, approved his immediate appointment as the Director of Department of Petroleum Resources, DPR, the regulator of the industry.

Shell Petroleum Development Company of Nigeria Limited, SPDC, operator of the Nigerian National Petroleum Corporation, NNPC/SPDC joint venture, has disclosed that its planned $2.4 billion investment in the Gbaran-Ubie Phase Two project will ensure 100 per cent capacity utilisation of the plant.

The row over the payment of levies between the Nigerian Liquefied Natural Gas Company Limited, NLNG, and the Nigerian Maritime Administration and Safety Agency, NIMASA, took a new dimension at the weekend, as the latter served a detention order on vessels belonging to NLNG for none compliance to pay $20 million outstanding debts.

The Transmission Company of Nigeria (TCN) has said that the sudden loss of 1,598 mega watts of power on Sunday is due to gas shortages resulting from the vandalism of two major gas pipelines supplying gas to eight power plants in the country.

The Nigeria Content Development Monitoring, NCDMB, said the country has secured over N128 billion ($800 million) investments from oil and gas equipment manufacturers and their representatives for the next three years.

Nigeria is nowhere to be found in the growing list of shale oil and gas production in the world. In a recent report by the United States-based, Energy Information Administration, EIA, (statistical and analytical agency within the U.S. Department of Energy), the most prospective shale formations are found in a group of 41 countries.

Total SA has commenced the development of the $15 billion (N2.4 trillion) Nigeria’s offshore Egina field as part of its plan to boost production.