Nigeria’s Aiteo sues Shell over wells as legal disputes escalate
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.
Nigeria
Fuel prices halve Nigerian oil revenues, piling on debt pressure
High fuel prices have continued to put pressure on Nigeria’s coffers, cancelling out oil price gains for Nigerian National Petroleum Corp. (NNPC).
Nigeria’s southern governors agitate for more
A number of Nigerian governors have called for the federal government to revisit the Petroleum Industry Act (PIA).
HMS Trent sets sights on security in Gulf of Guinea
A Royal Navy ship is on its way to the Gulf of Guinea, amid a continued focus on security.
BP middleman’s $5million payment request ‘didn’t smell right’
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 picks up trio of global contracts worth £1.5m
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 squeezes up gas production, eyes pipeline moves
Savannah Energy increased revenues and adjusted EBITDA on higher volumes but is waiting a number of catalysts for change.
Energy poverty vs ESG emission concerns
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.
Ex-BP oil trader says he was fired over Nigeria bribe concerns
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 flags African climate investments
Private equity investors are lining up to support African infrastructure in response to concerns around climate change.
Africa Capitalworks invests in Dorman Long Engineering
Africa Capitalworks (ACW) has made a “significant” equity investment in Nigeria’s Dorman Long Engineering.
Seplat’s Roger Brown sets out his thinking on Nigeria
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.
Shell sale of Nigeria assets faces dollar-crunch challenge
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.
Corrupt oil trader turns on colleagues in massive Africa bribe case
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.
NNPC auditor repeats going concern worries, despite 2020 profit
Nigerian National Petroleum Corp. (NNPC) reported a profit for 2020, but there are challenges ahead.
OLAX marks progress on BUA refinery work
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.
NPDC claims Kolmani River success, launches infrastructure bid
Nigerian Petroleum Development Co. (NPDC) has issued a request for expressions of interest (EoI) on the development of two licences in Nigeria’s northeast.
Decklar on course with Oza acceleration
Initial results from the Oza-1 well in Nigeria have been promising with a flow rate of 2,463 barrels per day.
Nigeria’s PIA under the microscope
Nigeria has passed its Petroleum Industry Act (PIA), marking a major step in the country’s push to become more attractive as a destination.
Geothermal power for the people
The discussion around clean energy for Africa has tended to focus on solar and wind, with criticism linked to their inconstancy.
NPDC claims victory over Shell at OML 11
Nigerian National Petroleum Corp. (NNPC) has claimed victory over Shell at OML 11, following an Appeal Court judgement in its favour.
Buhari sets Nigeria on course for petroleum transition
Nigerian President Muhammadu Buhari has appointed a steering committee to oversee the enacting of the Petroleum Industry Act (PIA).
Shell contractors killed in Nigeria ambush
An attack in Nigeria’s Imo State has left seven Shell contractors dead, according to local reports.
Room for buyers to grow in Shell’s Nigerian portfolio
Shell is making plans to exit its onshore business in Nigeria, but Wood Mackenzie has called for caution from prospective buyers.
Shell to pay $110million to end 30-year Nigeria oil spill case
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.