SERAP files suit against president over mismanaged refineries
A Nigerian NGO has filed a lawsuit against Nigerian President Muhammadu Buhari over a string of alleged failures at the country’s four refineries.
Nigeria
TotalEnergies readies for Nigeria drilling
TotalEnergies is in the process of securing a rig to drill up to nine development wells, and two exploration/appraisal wells on Nigeria’s OML 130, Africa Oil has said.
Eni sees African opportunities, including in its trees
Eni’s Scope 1 and 2 emissions increased in 2021, largely as a result of its African operations, but it offset this through the acquisition of 2 million tonnes of CO2 equivalent in forestry credits.
Shell’s Nigerian asset sale slated for flaring increase
Big companies have big plans to cut emissions and often find it easier to sell assets. Buyers may not be quite so concerned about tackling emissions, though, a report from the Environmental Defense Fund (EDF) has found.
Let Africa resolve its energy needs without interference
The African continent remains one of the most unexplored places on Earth for oil and gas deposits.
Airlines walk back no-fly threat
Nigeria’s local airlines narrowly avoided stopping operations this morning, following mounting concerns on the price of jet fuel.
2022 is already witnessing increased deals activity
The events of the past two years have accelerated mergers & acquisitions trends in Africa, and 2022 is already witnessing increased deals activity.
Oil lifts Seplat higher, but pipe problems continue
Seplat Energy has reported some slow progress at pipeline projects, but with EBITDA growing at 82% year on year it is seeing a clear benefit from higher oil prices.
Worley wins FEED work for world’s longest offshore pipeline
Worley will carry out a front-end engineering and design (FEED) study for the proposed Nigeria-Morocco Gas Pipeline (NMGP) project.
‘Burnt beyond recognition’: 100 feared dead following explosion at Nigeria oil refinery
More than 100 are feared to have been killed, with victims “burnt beyond recognition”, following an explosion at an illegal oil refinery in Nigeria.
Shell, Banks say Nigeria’s Aiteo owes $1.7 billion in oil loans
One of Nigeria’s largest oil producers, Aiteo, owes $1.7 billion to Shell and seven banks, which if unpaid, could do significant harm to the West African country’s financial system, say the lenders.
ESG uncertainty continues to disrupt industry M&A
High energy prices have revived interest in Africa’s oil and gas, but financing remains painfully hard to secure, amid ESG uncertainty.
Shell payments to Norway overtake Nigeria in 2021
Shell paid $$4.48 billion to the Nigerian government in tax payments in 2020, with the West African state slipping into second place after Norway.
Nigerian patrol boat sinks while docked
Nigeria’s Barugu gunboat has sunk at a dock in Lagos, highlighting the country’s continued challenges to impose offshore security.
Sojitz buys into Nigerian gas distributor in Helios deal
Helios Investment Partners has sold a 25% stake in its Nigerian gas distribution unit, Axxela, to Japan’s Sojitz Corp.
Akwa Ibom takes issue with Exxon sale to Seplat
The Akwa Ibom government has objected to ExxonMobil’s sale plans to Seplat Energy and filed a legal case to halt the transaction.
KCA Deutag sells Nigerian rigs to local player
KCA Deutag has completed the sale of five drilling rigs in Nigeria for $18 million.
Shell sees off Nigerian bribery accusations in Hague court
Shell has won its case in The Hague against Nigeria’s Esther Kiobel, with the court rejecting a link between the company and the execution of her husband.
Nigerian president apologises among Nigerian chaos
Nigerian President Muhammadu Buhari has issued an apology to the nation following problem in petroleum products supply and an increase in power blackouts.
Shell, Eni declare force majeure on two large Nigerian oil flows
Shell and Eni both declared force majeure on key oil flows from Nigeria, threatening to disrupt supplies in a market that’s already fretting about the impact of Russia’s invasion of Ukraine.
Petrol handout at Lagos party raises police ire
A Nigerian socialite has apologised for handing out petrol as a souvenir at a recent event in Lagos.
Nigeria strikes deal to export LNG via Equatorial Guinea
Nigeria has signed a memorandum of understanding on processing gas for export at facilities in Equatorial Guinea.
Shelf takes Nigeria work for Mentor rig
Shelf Drilling has won a contract for one of its jack-up rigs to work offshore Nigeria, for 225 days.
Report: Nigeria’s production shortfall disrupts fuel imports
Nigerian National Petroleum Corp. (NNPC) has run short of oil production, local reports have said, reducing its ability to meet domestic fuel needs.
Savannah steps in to prop up Lekoil in subsidiary tussle
Savannah Energy has agreed to provide a convertible facility agreement to Lekoil, which intends to redouble its efforts to seize back control of its Nigerian subsidiary.