Offshore capex set to grow 10% in 2022 despite quiet start, says Jeffries
Analysts at investment banking group Jeffries expects subsea and offshore contract awards to rise by 10% through 2022, despite quarterly declines early in the year.
Bonga
Shell payments to Norway overtake Nigeria in 2021
Shell paid $$4.48 billion to the Nigerian government in tax payments in 2020, with the West African state slipping into second place after Norway.
Shell moves closer to new Bonga plan with NNPC deal
Nigerian National Petroleum Corp. (NNPC) has signed an agreement with its partners on OML 118, home of the Bonga field.
TMC to provide compressors for Bonga FPSO
Norway’s TMC Compressors will provide a complete offshore topside compressed air system to the Bonga Main vessel offshore Nigeria.
World’s largest digital twin launched for Shell
Akselos has celebrated the launch of a “digital twin” for Shell’s Bonga floating production, storage and offloading (FPSO) vessel.
Okwori FPSO attacked offshore Nigeria
An attack has taken place on a floating facility offshore Nigeria, Dryad Global has reported, saying as many as 11 people may have been kidnapped.
Shell’s Bonga ramps up despite COVID fears
Shell’s Bonga field completed maintenance last week and is ramping production back up, despite some isolated cases of coronavirus.
Pandemic drives oil reserves up for sale to 12.5billion barrels – Rystad
The Covid-19 pandemic has increased the number of oil and gas assets being put up for sale globally past 12.5billion barrels in reserves, according to new analysis.
Price drop puts the squeeze on African projects
Many new projects in Africa will be delayed as a result of the oil price drop, Rystad Energy has said.
Shell Nigeria launches production from Bonga Phase 3 project
Oil major Shell said it has launched the start-up of production from the Bonga Phase 3 project in Nigeria. The Bonga Phase 3 is an expansion of the Bonga Main development, with peak production expected to be some 50,000 barrels of oil and 150 million standard cubic feet of gas per day. The field has been producing oil and gas since 2005 and was Nigeria's first deepwater development in depths more than 1,000 metres.