N600BN INDIGENOUS FPSO READY BY 2017

Nigeria will realise the national aspiration of building its first indigenous Floating Production Storage and Offloading (FPSO) in 2017, the Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Denzil Kentebe has revealed.
Speaking at the just-concluded Practical Nigerian Content Conference held in Yenagoa, Bayelsa State, Kentebe explained that the $300 million (N597 billion) facility is presently under construction at the Lagos Deep Water and Logistics Base (LADOL).

Read more @ The Guardian

TOTAL E&P NIGERIA GETS NEW DMD, DEEPWATER DISTRICT

The Management of Total E&P Nigeria Ltd. announces the appointment of Mr. Ahmadu-Kida MUSAas Deputy Managing Director, DeepWater District based in Lagos with effect from August 1, 2015. He replaces Mr. Charles NGOKA who has proceeded on retirement.

Ahmadu-Kida is a dynamic and focused manager with 30 years outstanding career in oil and gas operations & management. He is a 1984 Engineering graduate (B.Eng. Civil) of the Ahmadu Bello University, Zaria.

Read more @ SweetCrude Rep

TOTAL RESTATES COMMITMENT TO CSR

TOTAL Exploration and Production Nigeria Limited (Deepwater District) has said it remains committed to a strong and unwavering budget for Corporate Social Responsibility despite dwindling oil prices in the international market.

The company described the entire geopolitical zones as its host communities, saying it remained committed to implementing its CSR programmes across board.

Read more @ Guardiannews

SHELL INTRODUCES COMMUNITY HEALTH INSURANCE

Shell’s deepwater subsidiary in Nigeria, Shell Nigeria Exploration and Production Company, says it has extended its Community Health Insurance Scheme to Anambra State, with the recent inauguration of the initiative at the Iyi-Enu Mission Hospital.

 

The scheme, in a statement by the firm on Sunday, was being executed in partnership with the Anambra State Government, the Idemili CHIS Board, and two Health Maintenance Organisations – Proserve and Avon.

Read more @ PunchOnline

SHELL PLANS EIGHT NEW OIL WELLS IN BONGA FIELD

Nigeria's oil and gas industry has recorded another major milestone as Shell’s deepwater subsidiary in Nigeria, Shell Nigeria Exploration and Production Company Limited (SNEPCo), on Wednesday unveiled plans to drill eight more wells in the Bonga deepwater oilfield to help maximise deepwater production off the Nigerian coast.

This feat is coming barely two months after the oil giant started oil production from the first well at the Bonga North-west deepwater development.

Read more @ Thisday Live

OIL COMPANIES SUSPEND BIG PROJECTS AMID FALLING PRICES

The jitters being sent by the continuing slide in the prices of crude oil in the international are being felt not only by the government but by the oil majors, which are unwilling to commit resource into big deepwater projects, ‘FEMI ASU writes


With a number of international oil companies choosing to maintain a disciplined and selective approach to capital spending this year after earnings slumped in 2013, a continued decline in global oil prices could stall some deepwater projects in the country

Read more @ The Punch