Out of time on Nigeria’s marginal bid round
If you were one of the winners of Nigeria’s marginal field bid round but have not paid the signature bonus, too bad, your time is up.
Nigeria
Dangote pushes 650,000 refinery start to end of year
Dangote Industries will commission its 650,000 barrels per day refinery by the end of the year, officials have told African Development Bank (AfDB) president Akinwumi Adesina.
Police should hunt illegal refineries, not own them, Wike warns
Rivers State Governor Nyesom Wike has launched new plans to crack down on illegal refining, including tackling those facilities linked to the security forces.
ADM fights off shareholder, as Nigerian legal fight delays
ADM Energy’s board has seen off a shareholder activist attempt at revolution, while a legal challenge over an oilfield in Nigeria has been pushed back.
NLNG doubles down on domestic LPG, while Train 7 languishes
Nigeria LNG (NLNG) will supply all of its LPG production to the domestic market, the company has announced, in line with the government’s plans to bolster local consumption.
Heirs Holdings issues OML 17 tender
Heirs Holdings has launched a tender for work on the Elelenwa multi-phase pump gathering station, on OML 17 in Nigeria.
Expat hydropower workers missing after Nigeria attack
An unidentified group attacked workers at the Zungeru hydropower plant, in Nigeria’s Niger State, killing security guards and injuring workers.
Legislative reform benefits Nigerian oil investment
Nigeria is the largest economy in Africa, with the government highly dependent on oil revenues. As such, Nigerian National Petroleum Corporation (NNPC) is crucial to the country and the state.
Buhari appoints NNPC board
Nigerian President Muhammadu Buhari has appointed a board to oversee Nigerian National Petroleum Corp. (NNPC) Ltd.
Ex-Seplat exec launches rival bid for Exxon assets
Former Seplat Energy executive Austin Avuru appears to be clashing with his old company in the pursuit of ExxonMobil’s mature onshore Nigerian assets.
Port Harcourt refinery fire contained
Nigerian National Petroleum Corp. (NNPC) has reported a “minor fire incidence” at its Port Harcourt refining complex.
Bayelsa, NOSDRA clash over Aiteo spill cause
Bayelsa State has come out against an analysis of the Aiteo E&P oil spill that absolves the company of guilt.
Lekoil directors squeak through in AGM vote
Lekoil shareholders have largely endorsed the current management plans, even while the company’s Nigerian subsidiary plans to make its move.
ADM Energy stands accused ahead of shareholder vote
Align Research has set out its objections to ADM Energy’s board, raising concerns about the three top officials and warning of a “bust” if they remain.
UK drops red list travel rules for African states
The UK has removed all 11 countries from the red list in the face of international pressure.
Shareholder launches bid to topple ADM directors
AIM-listed ADM Energy is coming under sustained pressure from major shareholders as it fights to hold on to a contested oilfield in Nigeria.
Aiteo brings OML 29 well under control
Aiteo Group has managed to halt the leaking well on OML 29, which had seen the company come under fire from politicians and local communities.
Afreximbank signs up to back Nigerian FLNG plan
UTM Offshore has signed a memorandum of understanding (MoU) with the African Export-Import Bank (Afreximbank) in support of a floating LNG (FLNG) project.
IOCs exiting Nigeria likely to face legal claims over oil damages
Communities considering legal action against majors are likely to accelerate their efforts amid the ongoing wave of divestitures.
Zenith, ADM square off over Barracuda claims
Zenith Energy and ADM Energy appear set to clash over an oilfield offshore Nigeria, with both companies laying claim to a stake in it.
Eni mangrove restoration workers killed
An armed group in Nigeria has attacked and killed Eni workers, the Italian company has confirmed.
Seplat eyes Exxon move in Nigeria
Seplat Energy has confirmed it is engaged in talks on acquiring ExxonMobil’s shallow water business in Nigeria.
Halliburton hired to plug huge oil spill in Nigeria
Halliburton, one of world’s largest oil services companies, said a unit of the firm has been hired to help seal a well head in southern Nigeria that’s been spewing its contents for several weeks.
SBM pays more fines for West African bribery
Switzerland has ordered three SBM subsidiaries to pay 7 million francs ($7.5mn) for failing to prevent bribe paying in Angola, Equatorial Guinea and Nigeria.
Aiteo mobilising to tackle major Bayelsa oil spill
Aiteo Eastern Exploration and Production Co. (AEEPCo) has reported a major spill in the Nembe Local Government Area of Bayelsa State.