Nigeria dodges $1.5bn damages claim over Pan Ocean
A tribunal in the US has awarded Nigeria $660,130 in costs linked to arbitration over a claim for licences linked to Pan Ocean Oil.
Nigeria
NNPC aims to end product swaps in 2023
Nigerian National Petroleum Corp. (NNPC) will continue swap deals to secure products until the domestic refining sector is fully functioning, in 2023.
Chevron cuts Nigeria jobs, unions protest
Chevron Nigeria has set out plans to cut 25% of its staff in response to oil price weakness.
Shell signs up to Oyo gas plan
Oyo State has signed a memorandum of understanding (MoU) with Shell Nigeria Gas.
Nigeria wins another victory against P&ID
Following the court ruling earlier this month, Nigeria has won another victory over P&ID.
High costs and contradictions cloud Nigeria’s outlook
Companies working in Nigeria’s energy sector have called for a faster rate of change from the government.
Nigeria’s PIB heads to legislature once more
Legislators in the Nigerian Senate have pledged to break the “jinx” around the Petroleum Industry Bill (PIB) and bring about reforms in the oil sector.
Finding common cause for UK class actions
The number of class actions being pursued in the UK is on the rise and has been for several years but there remains a learning curve.
Nigeria averts petrol, power price strike
Nigerian National Petroleum Corp. (NNPC) has reached a deal with unions, preventing what had been tipped as being the largest strike in Nigeria’s recent history.
Siemens wins NLNG compression train work
Nigeria LNG (NLNG) has awarded Siemens Energy a contract to provide a boil-off gas (BOG) compression train at Bonny Island.
San Leon celebrates dividends, eyes pipeline losses
San Leon Energy continued its theme of paying out dividends, while projecting better times ahead as pipeline losses are expected to fall dramatically.
Seplat swings into action over water well problems
Seplat Petroleum has investigated reports of hydrocarbons in some Delta State water wells and is providing assistance to locals.
Africa Oil, the exception
Few companies are paying down debt while staying bullish on exploration plans, but Africa Oil is an exception.
P&ID ordered to pay Nigeria legal costs
A UK court has ordered P&ID to pay £1.5 million to Nigeria as an interim payment to cover costs involved with litigation around a proposed gas-processing plant in Cross Rivers.
Sunlight calls for battery use in Nigeria
Systems Sunlight is preparing a pitch for the second round of Nigeria’s energising education programme (EEP), a company official has said.
Kariya eyes EOR, small-scale LNG in West Africa
Recently launched Kariya Energy intends to sign up marginal fields in West Africa, the company’s director Gerd Nji has said.
Buhari goes to bat for fuel, power pricing
Nigerian President Muhammadu Buhari has defended the government’s decision to halt support for fuel products and increase electricity prices.
Africa on the rise
The energy sector in Sub-Saharan Africa faces numerous challenges, but there is also an increasing sense of urgency and opportunity for the development of the industry on the continent.
English court finds evidence of bribery in P&ID case
An English court has approved Nigeria’s request for an extension in its case against Ireland’s Process and Industrial Developments (P&ID).
Axens wins refinery work from Nigeria’s Bua
Axens has won work to act as the technology provider for a greenfield 200,000 barrel per day refinery and petrochemical plant in Nigeria.
World’s largest digital twin launched for Shell
Akselos has celebrated the launch of a “digital twin” for Shell’s Bonga floating production, storage and offloading (FPSO) vessel.
San Leon strikes Decklar financing deal
San Leon Energy has signed a deal with Decklar Petroleum to finance the development of the Oza marginal field, in Nigeria.
PetroNor returns to optimism
PetroNor E&P has posted EBITDA of $4.2 million for the first quarter of 2020, down from the $20.6mn posted for the same period in 2019.
Nupeng suspends Chevron strike
A Nigerian oil workers’ union has suspended a proposed seven-day strike targeting Chevron Nigeria Ltd.
Wike claims victory over Shell at OML 11
The governor of Rivers State has claimed victory over Shell’s local subsidiary at OML 11.