Eland sets out work programme to raise production in Nigeria
West-Africa-focused Eland Oil and Gas said today that it had pumped 330,000 barrels of oil from its Opuama-3 well since resuming production in January.
Nigeria
Lekoil clinches $15m payment facility with Shell
Nigeria-based Lekoil said today it had agreed a $15million advance payment facility with Shell.
Nigeria focused Sirius to have subsea survey at offshore Ororo carried out
Nigeria focused E&P investor Sirius Petroleum has contracted Polaris to carry out seabed survey work at the Ororo field.
Court upholds Shell, Eni appeal against Nigeria asset forfeit
A Nigerian court has overturned an earlier ruling to confiscate an oil asset from Shell and Eni, a news report said.
Nigerian government forces crack down on the Delta’s oil bootleggers
Nigerian troops have destroyed 80 illegal oil refineries in the Niger Delta in the last 10 days, a military spokesman has claimed.
Erin books rig for well offshore Nigeria
US firm Erin Energy has booked a rig for a drilling campaign offshore Nigeria.
Nigeria brings new corruption charges against Shell, Eni
Nigeria has filed new corruption charges against Shell and Eni over the $1.3billion acquisition of an oilfield in 2011, a news report said, citing court documents.
Nigerian Senate to probe allegations state oil ‘ illegally inflated funds’, sources claim
Nigeria's upper house of parliament is to investigate allegations the state oil company illegally inflated funds it collected from an official subsidy scheme.
Shell, Eni ask Nigeria to overturn field forfeiture, report says
Shell and Eni have asked a Nigerian court to overturn a temporary forfeiture of an oil field in the African country, a news report said.
Nigeria production struggles good news for Opec
Nigeria’s progress in curbing militant attacks hasn’t much boosted its oil output. While that’s bad news for a country mired in its worst economic slump in 25 years, it’s making life easier for fellow OPEC members.
Nigeria still a smart oil bet despite militant action, says Seplat CEO
On Valentine's Day last year Austin Avuru saw his company’s production stifled by 85% overnight.
Nigeria could prosecute Shell, Eni over corruption scandal
Nigeria is seizing one of Africa’s richest oil blocs and could prosecute petroleum giants Shell and Eni over a corruption scandal, court documents show.
Shell wins battle to prevent case getting to English courts
Oil giant Shell has succeeded in a High Court battle to block claims brought against it by more than 40,000 Nigerians from being heard by the English courts.
Shell to learn outcome of bid to block case from being heard in English court
Oil giant Shell finds out today if it has won a battle to block claims brought against it by more than 40,000 Nigerians from being heard by the English courts.
GE proposes investment in Nigerian oil refineries
General Electric has proposed investing in Nigeria's oil refineries.
Eni to deepen involvement in Nigerian energy industry
Eni said it plans to deepen its involvement in Nigeria's energy industry.
Africa’s biggest bank chasing Nigerian deals after oil slump
The crisis in Nigeria is throwing up opportunities for Africa’s largest bank.
Widow of executed activist wins access to documents in claims against Shell
The widow of an activist executed after protesting against oil major Shell's oil production in Nigeria has won access to legal documents.
Troubled Nigerian loans seen spiking before economic rebound
Access Bank Plc is predicting that the level of troubled loans in Nigeria will continue to climb before an economic recovery in the second half of the year brings relief to the country’s lenders.
Nigeria resumes payments to former militants, report says
Nigeria has started paying cash stipends to former militants again in an effort to stop attacks on oil pipelines that have lowered production and dented the country’s economics, a news report said.
Remodeling Nigeria’s oil sector: The Petroleum Industry Bill as a solution
In 2008, painfully aware of the need to revamp the workings of the oil sector in Nigeria, the Obasanjo Government took the decision that the regulatory framework of operations in the sector needed to be better clarified and aligned. To do so, it sought to introduce umbrella legislation in the sector, popularly described as the Petroleum Industry Bill (PIB). At the time, I had led the Aiteo Group, a growing indigenous energy entity, for some eight years. It was a period of considerable growth for Aiteo within which it had established itself as a major player in the energy space in Nigeria.
Nigeria loses more than 130m barrels of oil in 2016 after militant attacks
Nigeria has lost more than 130million barrels of crude oil since the beginning of this year after a spate of attacks by militants in the Niger Delta region.
Guards killed by gunmen at facility operated by Eni subsidiary
Four guards have been killed by gunmen at a facility operated by the Nigerian subsidiary of Eni, according to officials.
Eland seeks alternative to pipeline exports amid Nigerian militant attacks
West-Africa-focused Eland Oil and Gas said today it would speed up plans to reduce its use of pipelines for its Nigerian crude exports.
Shell seeks to block Nigerian case from being heard in English court
Oil giant Shell has begun a legal battle to block claims brought against it by more than 40,000 Nigerians from being heard by the English courts.