Buhari backtracks on Seplat support for Exxon deal
Nigerian President Muhammadu Buhari has reversed his support for Seplat Energy to acquire ExxonMobil’s local joint venture, in apparent recognition of the regulator’s objections.
Nigeria
Seplat boosts profits, keeps faith on Exxon deal
Seplat Energy has boost profits among higher production, with the company staying confident on its planned purchase of ExxonMobil’s local Nigerian unit.
TotalEnergies’ Ikike reaches first flows
TotalEnergies (LON:TTE) has started production at the Ikike field, offshore Nigeria, which should reach peak production of 50,000 barrels per day by the end of the year.
Netherlands drops OPL 245 probe into Shell
The Dutch Public Prosecutor has dropped its investigation into Shell’s role in acquiring OPL 245 in Nigeria, following a similar move from Italy earlier this week.
Italy drops appeal against Shell, Eni over OPL 245
The Milanese prosecutor has dropped its appeal targeting Eni (ENI:MI) and Shell (LON:SHEL) for the alleged corruption in securing OPL 245, in Nigeria.
Norfund steps up to invest in CrossBoundary
Norway’s Norfund and KLP has made a $40 million equity investment in CrossBoundary Energy, to support renewable energy projects in Africa.
San Leon’s Fanning sets out the OML 18 plan
Things are looking up for San Leon Energy (LON: SLE), with the company closing in on the completion of its Nigeria deal and managing to avoid the termination of its listing on London’s AIM.
ILF, Doris win PMC work on huge pipeline project
ILF Consulting Engineers and Doris Group have won project management consultancy (PMC) work on the proposed Nigeria-Morocco Gas Pipeline (NMGP).
PetroNor completes Nigeria deal with an eye on Lagos’ gas demand
Panoro Energy has completed the sale of its stake in Nigeria’s OML 113 to PetroNor E&P.
BPE seeks suitors to tackle mismanaged power discos
Nigeria’s Bureau of Public Enterprises (BPE) has set out plans to resell 60% stakes in a number of power distribution companies, known as discos.
Seplat’s Exxon deal in Nigeria bogs down amid NNPC lawsuit
Nigerian National Petroleum Corp. (NNPC) launched a legal case against ExxonMobil and Seplat Energy over the proposed sale.
Opportunity in Africa’s LNG, if Europe gets serious on supply
Africa could build 120 million tonnes per year of LNG capacity, the International Gas Union (IGU) has said, but development remains slow.
OPEC secretary general dies
OPEC secretary general Mohammad Barkindo has died, according to Nigerian officials.
Heirs CEO talks gas plans and safe operations in Nigeria
Nigeria’s companies are starting to play an increasingly important role in the country’s production, particularly given the waning appetite for onshore risk from IOCs.
Nigeria faces uphill battle to tackle its oil spill issues
Nigeria has long had issues with safety, not least in keeping workers safe from militants. The government has shown little sign of tackling the problem among legal operations, let alone the safety challenges of widespread illicit bunkering and refining.
Shell hits pause on Nigerian asset sale
Shell has put the sale of its Nigerian assets on hold, pending a court hearing.
HYPREP talks up Ogoniland power connection within 12 months
The Hydrocarbon Pollution Remediation Project (HYPREP) is working on a plan to connect Ogoniland to the Nigerian power grid, in an extension of its original focus on remediating polluted lands.
San Leon eyes final straight in closing Nigeria deal
San Leon Energy has been working on a Nigerian transaction, and as a result its shares suspended, for so long that it faces the prospect of its listing on London’s AIM being cancelled.
Hero saves Nigerian town from flaming tanker
A Nigerian driver drove a flaming tanker out of a Delta State community on June 11, winning plaudits for his heroism.
McKinsey warns of African shortfall amid energy transition risks
The energy transition is throwing up particular challenges for Africa, not least in terms of access to the skills and capital needed to meet future demand.
Killer Bee stings Nigerian cybercrime in oil hack
Interpol and the Economic and Financial Crimes Commission (EFCC) have arrested three Nigerians in connection to cybercrimes against oil and gas companies.
Shell issues tenders for major Nigerian deepwater addition
Shell has issued three engineering, procurement and construction (EPC) tenders for companies to participate in the 120,000 barrel per day Bonga North development in Nigeria.
Nigerian companies team up on gas network plan in Lagos
A group of Nigerian companies have teamed up to build, own and operate (BOO) a natural gas infrastructure network in the Lagos Free Zone.
Glencore cops to global bribery scheme, to pay $1bn penalty
Glencore has agreed to pay penalties of $1.06 billion to US and Brazilian authorities. More is to come in a UK settlement with the Serious Fraud Office (SFO).
Seplat elevates Omiyi, shrugs off questions over Mobil deal
Seplat Energy has appointed Basil Omiyi to takeover as non-executive chairman, while questions are asked once more over the company’s deal for ExxonMobil’s local assets.