Nigeria’s main opposition presidential candidate, Atiku Abubakar, said he’ll sell the state oil company, which he called a “mafia organization,” and attract private investors to drive economic growth and create jobs if he wins office next month.
Many people are feared dead after an oil tanker overturned and exploded in Nigeria while people were scooping up leaking fuel.
The Nigerian government has filed a billion-dollar claim in a British court against oil giants Royal Dutch Shell and Eni over alleged fraud and corruption that diverted millions of dollars from the African nation.
After decades of difficulties in Nigeria over crude theft, pollution and oil-related corruption, Royal Dutch Shell Plc still feels optimistic a fossil fuel can improve life in the country.
Nigeria’s oil wells may be flowing again, but the country’s largest operator says attacks continue to put a brake on output.
A briefcase seized from a Geneva apartment two years ago could be the key to an Italian bribery case against Royal Dutch Shell Plc and Eni SpA -- if it makes it to Milan in time.
The trial of Shell and Eni executives over alleged corruption in Nigeria is expected to start in Milan today.
Subsea 7 has struck a deal worth at least £105million to provide pipelines and carry out topside modifications in Nigeria.
Africa-focused producer Eland Oil and Gas said today that the initial borrowing base for its lending facility has been raised to $70million from $40million.
Royal Dutch Shell Plc and Eni SpA may have misled regulators in Nigeria by wrongly attributing oil spills to theft and sabotage in order to avoid paying compensation to affected communities, rights group Amnesty International said.
Shell and Eni have filed internal checks on their purchase of a Nigerian oil field in the US, a news report said.
The start date for the trial of Shell and Eni executives over alleged corruption in Nigeria has been postponed until May 14, a news report said.
Pirates armed with AK-47 rifles have opened fire on an oil tanker off the coast of Nigeria.
A hearing date of June 18 has been set by a Nigerian court over a corruption case relating to the sale of an oil field in 2011, a news report said.
Africa’s top oil producer plans to make gas flaring more costly for companies that have escaped the payment of billions of dollars despite being fined, Nigerian Finance Minister Kemi Adeosun said.
Nigeria is suing JP Morgan Chase for more than $875million over the transfer of cash used to buy an oilfield in 2011, a news report said.
UK subsea service companies will have a chance to broaden their horizons at the sector’s main annual conference and exhibition.
Nigerian militants today threatened to unleash their “most deadly” wave of attacks on oil installations.
Eland Oil and Gas said today that its Opuama-8 well has been drilled in Nigeria.
A fire at a Nigerian pipeline interrupted gas supplies to companies generating more than 3,000 megawatts in Africa’s most populous nation, the government said.
Nigeria’s Oil and Gas Free Zones Authority (OGFZA) conferred Oil and Gas Free Zone Developer status on homegrown company, Notore Chemical Industries Plc (Notore), an agro-allied, chemicals and power company, earlier this month.
Eni today reaffirmed its confidence in its chief executive Claudio Descalzi.
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.