Showing posts with label Eni. Show all posts
Showing posts with label Eni. Show all posts

Friday, 8 July 2016

Niger Delta Avengers Attack Eni Pipeline in Nigeria

Excerpt from: UPI
Italian energy company Eni confirmed Friday that it was the target of sabotage in the Niger Delta, with a minor impact on its equity production.
A group calling itself the Niger Delta Avengers took credit for an attack on pipeline infrastructure in the southern Bayelsa state that's operated by a subsidiary of Italian energy company Eni.
A spokesperson for the company confirmed the attack in a statement emailed to UPI. About 4,000 barrels of oil equivalent production equity to Eni was impacted, though the spokesperson said overall operations were still under force majeure, meaning it's freed from fulfilling its contract because of circumstances beyond its control.
The attack come nearly one month to the day after the group said it blew up a pipeline in Bayelsa state said to be the largest operated by Eni's subsidiary in the Niger Delta region.
The Niger Delta Avengers surfaced early this year, launching a militant campaign against national and international energy companies working in the Niger Delta. The group accuses the government of Nigerian President Muhammadu Buhari of favoring oil and gas interests over the interests of the people in the Niger Delta.
By the World Bank's estimates, more than 70 percent of the government's revenue comes from oil. In a report on the job market in Nigeria, the World Bank found widespread polarization as the vast majority of the population are trapped in low-productivity and traditional subsistence activities. Only a small portion of the workforce is benefiting from any economic growth in the country, the report found.
The government last month said progress was made on brokering a truce with Niger Delta militants, though the group itself has maintained it was not party to any talks with the Buhari administration.
The group this week was suspended from Twitter after breaching the site's policies.
"Niger Delta Avenger is not on social networks anymore," spokesman Mudoch Agbinibo said in a statement.

Saturday, 2 May 2015

Eni Commences Production at Cinguvu Oil Field in Block 15/06 Off Angola

Italy's Eni S.p.A. announced Wednesday that it started production two weeks ahead of schedule at the Cinguvu oil field, from the West Hub Development Project in Block 15/06 in the Angolan Deep Offshore, approximately 217 miles (350 kilometers) northwest of Luanda and 81 miles (130 kilometers) west of Soyo. The start-up follows the achievement of West Hub’s first oil through Sangos field start-up, during last November 2014. 

Saturday, 11 April 2015

Hercules Inks 5-Year Contract with Eni in W. Africa

Hercules Offshore announced that it has signed a five-year contract with a subsidiary of Eni S.p.A. for use of the Hercules 260 (250' ILC) in West Africa. The dayrate under the contract will range from a minimum of $75,000 per day when the price of Brent crude oil is $86 or less per barrel, to a maximum of $125,000 per day when the price of Brent crude oil is $125 or more per barrel. Contract commencement is expected in early April 2015. Costs for contract specific upgrades will be reimbursed by the operator.

Friday, 20 March 2015

Shell, Total, ENI Complete $1.1 billion Nigerian Oil Field Sale

Royal Dutch Shell said on Friday it had completed the sale of its 30 percent stake in a Nigerian oil field for $737 million as the Anglo-Dutch oil major nears the completion of a strategic asset review in the West African country.
Oil and Mining Lease (OML) 18 and "related facilities in the Eastern Niger Delta" were sold to Eroton Exploration & Production Company Limited.
Eroton is a a special purpose company owned directly or indirectly by a consortium. Eroton also acquired French oil major Total's 10 percent stake and Italy's Eni's 5 percent stake in OML 18, giving it a total 45 percent holding, Shell said in a statement. The remaining 55% is owned by the Nigerian National Petroleum Corporation, NNPC. The total purchase price for the interest was US$1.1 billion, not including acquisition costs. All approvals required for the completion of the acquisition of OML 18 have been received from the relevant authorities of the Federal Government of Nigeria.

Tuesday, 3 March 2015

Maersk Voyager Drillship Hired for Ghana Exploration



(source: offshore energy today)
Maersk Drilling has been awarded a contract from eni Ghana Exploration and Production Ltd., an Eni subsidiary, for employment of the newbuild drillship Maersk Voyager.