Nigeria

Other News

Nigerian governor election vote declared invalid in southern oil hub

26/10/2015

A Nigerian court declared the election of a governor in one of the country’s oil hubs as invalid due to irregularities. A fresh vote has been called for within three months in the Rivers State region as concern is raised it could lead to tension. It comes after former militants in the southern region said they might resume a fight for a greater share of oil revenues if President Muhammadu Buhari ends an amnesty due to expire in December.

Other News

Nigeria to split long-delayed petroleum bill to speed passage

22/10/2015

Nigeria’s government plans to split an oil- industry bill stuck in parliament for seven years and resubmit it to lawmakers after it held up reforms and deterred investment in Africa’s largest crude producer, Vice President Yemi Osinbajo said. Breaking up the Petroleum Industry Bill, or PIB, into smaller laws focused on fiscal and regulatory measures in Nigeria’s energy industry would make it easier to pass through parliament, he said. The bill, first presented to parliament in 2008, will be resent to lawmakers in the first quarter of 2016.

Other News

Dozens killed in Nigeria bombings

16/10/2015

Dozens of people have been killed in a series of bombings in Nigeria. At least 18 people were killed early today when four women suicide bombers were challenged by soldiers as they tried to enter Maiduguri, according to the National Emergency Management Agency. The explosions happened just hours after two blasts near a mosque in the city killed at least 30 people.

Oil & Gas

Shell Nigeria launches production from Bonga Phase 3 project

05/10/2015

Oil major Shell said it has launched the start-up of production from the Bonga Phase 3 project in Nigeria. The Bonga Phase 3 is an expansion of the Bonga Main development, with peak production expected to be some 50,000 barrels of oil and 150 million standard cubic feet of gas per day. The field has been producing oil and gas since 2005 and was Nigeria's first deepwater development in depths more than 1,000 metres.

Other News

Former Nigerian oil minister arrested

05/10/2015

Nigeria’s former oil minister was arrested in London on Friday, according to reports. Diezani Alison Madueke held the role for five years under the presidency of former leader Goodluck Jonathan. The UK National Crime Agency (NCA) said five people had been arrested across London as part of an investigation into suspected bribery and money laundering offences. It is understood Madueke was granted bail a few hours after being arrested.

Oil & Gas

Shell completes sale of some downstream businesses in Norway

01/10/2015

Oil giant Shell has completed the sale of Smart Fuel to St1 Nordic Oy of some of its downstream businesses in Norway. The company said it would still continue to remain highly visible in the country, despite the deal for its retail, commercial fuels and supply and distribution logistics businesses. Shell and St1 have also joined forced to create Aviation Fuelling Services Norway AS, a joint venture to sell aviation fuel in Norway.

Oil & Gas

Shell declares force majeure in Nigeria after pipeline leak

01/10/2015

Oil major Shell has declared a force majeure and halted crude exports from a key terminal in Nigeria after a pipeline leak. The company said the move was taken after a leak in the Trans Forcados pipeline which affected crude exports from one of the country’s main export points. The terminal has the capacity to export up to 400,000 barrels a day.

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Nigerian President will retain country’s oil portfolio in his new cabinet

30/09/2015

Nigeria’s President Muhammadu Buhari said he will hold the country’s oil portfolio in his new cabinet, rather than trust anyone else with the source of most of its revenue. Buhari, who took office earlier this year, has promised to combat corruption and made clear he wants to overhaul the oil sector in Africa’s biggest economy. At an annual meeting of world leaders at the United Nations General Assembly in New York this week Buhari said he intended to remain as the minister of petroleum resources.

Oil & Gas

Nigeria wealth fund sees limited state top-ups on low oil prices

03/09/2015

Nigeria’s sovereign wealth fund doesn’t expect any major payments from the government as the finances of Africa’s largest oil producer have been hit by a halving in crude prices in the past year. “The weakness in crude oil prices might persist for the foreseeable future, thereby potentially impacting on new contributions from the federation,” Nigerian Sovereign Investment Authority Chairman Mahey Rasheed said in its 2014 annual report released on Thursday.

Other News

Flight data recorder recovered from Nigeria helicopter crash

17/08/2015

Nigeria’s Accident Investigation Bureau (AIB) has recovered the flight data recorder from a helicopter which crashed on the way from an oil platform. The incident earlier this month left six people dead and others injured after the Sikorsky 76 Bristow helicopter crashed into a lagoon. The aircraft had been carrying 10 passengers and 2 crew when the incident happened.

Africa

Six workers killed after helicopter crash in Nigeria from oil platform

13/08/2015

A helicopter carrying at least 12 people from an oil platform has crashed into a lagoon killing at least four people, the Nigerian Civil Aviation Authority (NCCA) said. The helicopter, which was operated by offshore energy transportation specialists Bristow Group had been flying from a rig when the incident happened shortly before it was due to land. Officials in the country said a rescue operations was continuing.