Bayelsa, NOSDRA clash over Aiteo spill cause
Bayelsa State has come out against an analysis of the Aiteo E&P oil spill that absolves the company of guilt.
Nigeria
Lekoil directors squeak through in AGM vote
Lekoil shareholders have largely endorsed the current management plans, even while the company’s Nigerian subsidiary plans to make its move.
ADM Energy stands accused ahead of shareholder vote
Align Research has set out its objections to ADM Energy’s board, raising concerns about the three top officials and warning of a “bust” if they remain.
UK drops red list travel rules for African states
The UK has removed all 11 countries from the red list in the face of international pressure.
Shareholder launches bid to topple ADM directors
AIM-listed ADM Energy is coming under sustained pressure from major shareholders as it fights to hold on to a contested oilfield in Nigeria.
Aiteo brings OML 29 well under control
Aiteo Group has managed to halt the leaking well on OML 29, which had seen the company come under fire from politicians and local communities.
Afreximbank signs up to back Nigerian FLNG plan
UTM Offshore has signed a memorandum of understanding (MoU) with the African Export-Import Bank (Afreximbank) in support of a floating LNG (FLNG) project.
IOCs exiting Nigeria likely to face legal claims over oil damages
Communities considering legal action against majors are likely to accelerate their efforts amid the ongoing wave of divestitures.
Zenith, ADM square off over Barracuda claims
Zenith Energy and ADM Energy appear set to clash over an oilfield offshore Nigeria, with both companies laying claim to a stake in it.
Eni mangrove restoration workers killed
An armed group in Nigeria has attacked and killed Eni workers, the Italian company has confirmed.
Seplat eyes Exxon move in Nigeria
Seplat Energy has confirmed it is engaged in talks on acquiring ExxonMobil’s shallow water business in Nigeria.
Halliburton hired to plug huge oil spill in Nigeria
Halliburton, one of world’s largest oil services companies, said a unit of the firm has been hired to help seal a well head in southern Nigeria that’s been spewing its contents for several weeks.
SBM pays more fines for West African bribery
Switzerland has ordered three SBM subsidiaries to pay 7 million francs ($7.5mn) for failing to prevent bribe paying in Angola, Equatorial Guinea and Nigeria.
Aiteo mobilising to tackle major Bayelsa oil spill
Aiteo Eastern Exploration and Production Co. (AEEPCo) has reported a major spill in the Nembe Local Government Area of Bayelsa State.
Jobs, cash and power, it’s all on the line for Africa’s COP26 hopes
Climate change is a global problem but some areas have more to lose, particularly those in the developing economies.
Equatorial Guinea defends gas amid new LNG plans
In a resounding defence of the African gas industry, Equatorial Guinea’s minister of energy has set out a number of plans including the resumption of work on an abandoned floating LNG (FLNG) project.
Nigeria sets net zero target of 2060
Nigeria has committed to reaching net zero by 2060, President Muhammadu Buhari has said at the ongoing COP26 talks in Glasgow.
Savannah begins Afam gas sales
Savannah Energy has begun gas sales to a power plant in Rivers State, Nigeria, via its Accugas subsidiary.
Let’s not repeat the mistakes of the past in Africa’s energy transition
Africa has suffered in the past as a result of European ambitions and this must not be repeated as the world works out how best to tackle climate change, participants at an Aberdeen University event said.
Seplat sees off Access Bank threat to HQ, accounts
Seplat Energy has resolved its dispute with Access Bank over Cardinal Drilling Services by buying four rigs.
Rivers State threatens legal action against Saipem
The Rivers State government has set out plans to bring criminal charges against Saipem, over the company’s alleged shortcomings in delivering power equipment.
Lekoil suspended amid subsidiary spat
Lekoil has finally posted its accounts for 2020, taking an impairment of more than $100 million on a Nigerian asset and acknowledging going concern worries.
Nigeria’s Aiteo sues Shell over wells as legal disputes escalate
A Nigerian oil producer sued Shell for more than $2 billion over the ownership of oil wells, intensifying a dispute around an asset sale completed six years ago.
Fuel prices halve Nigerian oil revenues, piling on debt pressure
High fuel prices have continued to put pressure on Nigeria’s coffers, cancelling out oil price gains for Nigerian National Petroleum Corp. (NNPC).
Nigeria’s southern governors agitate for more
A number of Nigerian governors have called for the federal government to revisit the Petroleum Industry Act (PIA).