A Nigerian oil producer sued Shell for more than $2 billion over the ownership of oil wells, intensifying a dispute around an asset sale completed six years ago.
High fuel prices have continued to put pressure on Nigeria’s coffers, cancelling out oil price gains for Nigerian National Petroleum Corp. (NNPC).
A number of Nigerian governors have called for the federal government to revisit the Petroleum Industry Act (PIA).
A Royal Navy ship is on its way to the Gulf of Guinea, amid a continued focus on security.
A BP executive told internal investigators he was concerned about the energy giant’s dealings with a Nigerian middleman and payments being discussed to secure lucrative contracts.
Oil Plus, a consultancy owned by a well known north-east entrepreneur, has secured a number of international contract awards totalling more than £1.5million in the first half of this year.
Savannah Energy increased revenues and adjusted EBITDA on higher volumes but is waiting a number of catalysts for change.
Tackling emissions has come to dominate discussions around ESG, driving concerns that progress is slipping on tackling the energy gap that continues in many African states.
BP fired an ex-oil trader because he voiced concerns about bribes being paid in Nigeria to secure local contracts, according to a sprawling London employment suit that sheds light on the energy giant’s lucrative trading floor.
Private equity investors are lining up to support African infrastructure in response to concerns around climate change.
Africa Capitalworks (ACW) has made a “significant” equity investment in Nigeria’s Dorman Long Engineering.
The Africa E&P Summit taking place on the 22nd and 23rd September will see Ed Reed engaged in a fireside chat with Seplat’s CEO, Roger Brown.
Lenders in Nigeria likely don't have enough dollars to fund clients seeking to acquire assets put on sale by the local unit of Shell, the country’s biggest lender said.
When Anthony Stimler left Glencore Plc in August 2019, he had two big secrets: For a dozen years, he’d paid millions in bribes to African officials and intermediaries. And he was now helping a US Justice Department investigation into the company and numerous former colleagues.
Nigerian National Petroleum Corp. (NNPC) reported a profit for 2020, but there are challenges ahead.
OLAX Engineering has hit key milestones for the front-end engineering and design (FEED) work on the 200,000 barrel per day BUA refinery project.
Nigerian Petroleum Development Co. (NPDC) has issued a request for expressions of interest (EoI) on the development of two licences in Nigeria’s northeast.
Initial results from the Oza-1 well in Nigeria have been promising with a flow rate of 2,463 barrels per day.
Nigeria has passed its Petroleum Industry Act (PIA), marking a major step in the country’s push to become more attractive as a destination.
The discussion around clean energy for Africa has tended to focus on solar and wind, with criticism linked to their inconstancy.
Nigerian National Petroleum Corp. (NNPC) has claimed victory over Shell at OML 11, following an Appeal Court judgement in its favour.
Nigerian President Muhammadu Buhari has appointed a steering committee to oversee the enacting of the Petroleum Industry Act (PIA).
An attack in Nigeria’s Imo State has left seven Shell contractors dead, according to local reports.
Shell is making plans to exit its onshore business in Nigeria, but Wood Mackenzie has called for caution from prospective buyers.
Shell Nigeria has agreed to pay a community in the West African country more than $110million (£79.3m) to resolve a long-running dispute over an oil spill that occurred more than 50 years ago.