Nigeria’s daily crude oil production is expected to rise as the Nigerian Agip Exploration Limited (NAE) starts work on Zabazaba deep water project that is expected to gulp $13.5b.
BW Offshore has signed a short-term interim extension agreement for the floating production, storage and offloading (FPSO) unit Abo with Eni subsidiary, Nigerian Agip Exploration.
The Nigerian Agip Oil Company, a subsidiary of Italian oil major Eni, has announced that the Zabazaba and Etan deep water project on Oil Prospecting License 245, will generate $8b for the Federal Government.
Niger Delta militants attacked three major oil pipelines with a combined capacity of 300,000 barrels.
A gas pipeline owned by the Nigeria subsidiary of Italy's Eni has been attacked by a militant group in the Niger Delta, the latest in a string of attacks on major oil and gas companies operating projects in the area.
The Environmental Rights Action / Friends of Earth Nigeria (ERA/FoEN), called for a comprehensive audit of safety procedures at Agip oil fields in Bayelsa following frequent fatal explosions.