Nigeria oil workers embark on strike to protest lack of pay
Nigerian oil workers began a 3-day strike at the petroleum ministry to demand almost three months of pay, according to the labour group representing them.
Nigeria
Nigeria gas network code into effect
The Nigeria Gas Transportation Network Code (NGTNC) is officially up and running.
NNPC reaches deal with Sapetro, CNOOC
Nigerian National Petroleum Corp. (NNPC) has signed a heads of terms with Cnooc Ltd and South Atlantic Petroleum (Sapetro) to bring to an end a dispute on OML 130.
Bristow plans 100 redundancies in Nigeria
Bristow Helicopters has set out plans to make around 100 employees redundant in Nigeria, which has spiralled into a labour dispute.
NNPC signs $1.5bn export finance facility
The United Bank for Africa (UBA) has participated in a consortium to lend $1.5 billion to Nigerian National Petroleum Corp. (NNPC) and its upstream Nigerian Petroleum Development Co. (NPDC) unit.
Avuru out, Brown in at Seplat
Austin Avuru has retired from his position as CEO of Seplat Petroleum, paving the way for Roger Brown, current CFO, to take the top spot.
San Leon takes export link stake
Nigeria-focused San Leon Energy will stump up $15 million as a loan to secure the completion of the Alternative Crude Oil Evacuation System (ACOES), for exports from its OML 18.
SFO confiscates millions from ex-Afren execs
The Serious Fraud Office (SFO) has won orders confiscating £5.45 million from former Afren executives.
Gas cash flows for Savannah
Last year was a “pivotal year” for Savannah Energy, the company has said announcing its 2019 preliminary results, as revenues flowed from its Nigerian portfolio.
FMO backs Lumos expansion in Cote d’Ivoire
The Netherlands’ FMO development bank has set out new funding for solar power company Lumos for expansion in Cote d’Ivoire.
Nigeria grapples with surge in unemployment amid pandemic
The number of people looking for employment through Nigeria’s biggest recruiting website has jumped five-fold since the start of the Covid-19 pandemic, highlighting the struggle faced by many in Africa’s largest economy.
Mammoet delivers heavy crane to LADOL
Mammoet has delivered a heavy lift terminal crane to the Lagos Deep Offshore Logistic (LADOL) base, in Nigeria.
Prosecutor calls for jail sentence for Eni boss on bribe charge
A prosecutor in Milan asked for eight years of jail time for Eni SpA Chief Executive Officer Claudio Descalzi over an allegedly corrupt $1.1 billion Nigerian oil deal.
Employment through gas in Nigeria
Unemployment lies at the heart of Nigeria’s economic crisis, BFA Foundation’s founder and CEO Olu Verheijen has said, and developing the country’s gas resources will be a valuable step in industrialising.
EV Out Loud: A whopper of a law suit, an oil rig graveyard, and a bitter row
In this latest EVOL podcast, in association with Burness Paull, energy news gladiators Ed, Allister and Mark pierce the armour of the week’s hottest stories.
Will fortune favour the brave in Nigeria’s marginal bid round?
Nigeria’s federal government launched its long-awaited marginal field bid round on June 1, a welcome development but one that faces serious challenges, writes Mariah Lucciano-Gabriel, the head of commercial and business development at Asharami Energy.
Illicit fuel storage fire in Lagos extinguished
The Lagos State Emergency Management Agency (LASEMA) has put out a fire at an illicit fuel storage depot at Oregun.
Schlumberger signs on for Otakikpo work
Lekoil has signed service agreements with Schlumberger for drilling on the Otakikpo field, although it is continuing work on the financing.
Mammoet completes lift work at Dangote plant
Mammoet has begun demobilising its heavy-lift equipment at the Dangote Refinery complex, in Nigeria, although the plant is now expected to start up in late 2022.
Power in a time of pandemic
The coronavirus pandemic has taken its toll on the world, with lives lost and economies shrinking.
Valve station explosion kills seven in Niger Delta
An explosion at a valve station has killed seven people in Nigeria’s OML 40.
NCDMB boosts funding for local companies
The Nigerian Content Development and Monitoring Board (NCDMB) is expanding the Nigerian Content Intervention (NCI) Fund to $350 million.
Enron legacy returns in battle over $80 million yacht
Almost two decades after the collapse of Enron Corp., a former unit of the energy-trading giant is sparring with US and Nigerian authorities over the proceeds of the sale of a luxury yacht.
Okwori FPSO attacked offshore Nigeria
An attack has taken place on a floating facility offshore Nigeria, Dryad Global has reported, saying as many as 11 people may have been kidnapped.
As gas prices sag, Nigeria plans to export more
Nigeria plans to keep its liquefied natural supply at current levels despite prices near record lows, the opposite of what exporters from the US to Australia are doing.