Eni SpA, Royal Dutch Shell Plc and senior executives will face trial over a $1.1 billion bribery scandal in Nigeria, an Italian judge ruled on Wednesday.
Oil major Shell has said there is “no basis” for prosecuting the company or former senior management over a deal for a Nigerian oil licence.
Erin Energy said today it had started drilling the Oyo North West well off Nigeria.
Aberdeenshire-based Eland Oil and Gas said today that its latest well in Nigeria was capable of beating initial estimates.
Oil prices appear to be stuck in the $50s per barrel, but that doesn't mean there aren't serious supply risks to the market.
Eland Oil & Gas has successfully completed sidetrack drilling at Opuama-7 in Nigeria.
Eland Oil and Gas confirmed today that work on a sidetrack well had begun on its core asset in Nigeria.
Shell today confirmed it had kick-started production at Gbaran-Ubie Phase 2 in Nigeria's Niger Delta region.
Nigeria's state oil company said the company's production costs had been trimmed to $23 per barrel, down from $29 in July, a news report said.
US firm Erin Energy said today that drilling had begun on a new well on the Oyo field off the coast of Nigeria.
Hundreds of protesters have descended on a Shell crude oil flow station in the Niger Delta, a news report said.
A group of 10 university researchers have been kidnapped in Nigeria by suspected Boko Haram insurgents, the state’s oil company said today, according to a news report.
A leak has forced Shell to shut its Trans Niger pipeline in Nigeria, a news report said.
Limiting oil output from Nigeria and Libya won’t be on the agenda when OPEC and other producers meet on Monday, with both African nations saying they’ll need to keep pumping at a higher level before they can join a global effort to stem a supply glut, according to two people familiar with the planned talks.
West-Africa-focused Eland Oil and Gas said today that production from one of its Nigerian licences had reached its highest level since 1977.
The Agbada 2 flow station should have been buzzing with activity, pumping crude to one of Nigeria’s largest export terminals. Instead it was idle in the muggy, mid-morning heat as Wilcox Emmanuel, the facility’s manager, shrugged in resignation about the thieves who’d shut him down.
Oil giant Schlumberger has signed an agreement to develop the Anyala and Madu fields under oil mining licences (OML) 83 and 85, offshore Nigeria.
Eland Oil & Gas has signed a rig deal with OES Energy Services for its Nigeria campaign.
Shares in Sirius Petroleum jumped almost 50% today after the London-listed oil firm confirmed it was in talks with BP over a financing deal.
Royal Dutch Shell Plc lifted restrictions on exports of a key Nigerian crude oil, 472 days after imposing them following militant attacks. The extra flows alone amount to about 20 percent of the supply OPEC has pledged to cut from world markets.
Aberdeen based Eland Oil and Gas has re-started production from one of its Nigerian assets.
Africa-focused Eland Oil and Gas today revealed that it could recover 22.6billion barrels more from four of its Nigerian wells than first thought.
West-Africa-focused Eland Oil and Gas said today that it had secured a borrowing base of $24million following a review with its lender.
Nigeria’s military crusade to rid the country of hundreds of illegal refineries led to the death of two soldiers yesterday, a news report said.
Shell said it knew some of the $1.1 billion paid to the Nigerian government in 2011 for an exploration license would go to a company linked to the country’s former oil minister, changing its previous stance on a deal that’s under investigation for alleged corruption.