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Nigeria

Kachikwu banking its very survival on marginal fields

With output at half-mast and majors clipping their investments, the future call for tenders on marginal fields is the Nigerian oil state minister’s last chance to save his post.

Subscribers only Energy 02.05.2017

Britannia-U loses decisive battle over former Chevron blocks

Nigerian firm Britannia-U’s move to sue the shareholder of the three blocks it wanted to buy, has been rejected by the American courts.

Subscribers only Energy 02.05.2017

Toscafund brings Hannam on board to seek San Leon deal

Banker and former-SAS officer, Ian Hannam is helping San Leon's majority shareholder line up a potential sale of the junior.

Subscribers only Energy 02.05.2017

Spotlight
Addax case rubs off on Communist party

In the wake of Deloitte’s refusal to validate Addax Petroleum’s 2015 accounts at the end of last year due to serious question marks over certain transactions (AEI 788), the Swiss judicial authorities have muscled into the matter and arrested Addax’s [...]

Subscribers only Energy 11.04.2017

OML 25: who will help Crestar pay Shell?

Successful bidder for OML 25, Crestar, is still short on funds to buy out Shell’s stake in the block. At loggerheads with its Nigerian partner, Crestar is on the hunt for new investors.

Subscribers only Energy 11.04.2017

How Oranto is expanding his empire

Arthur Eze’s firm is on track to acquire a new block in the countries’ joint development zone. Revelations.

Subscribers only Energy 11.04.2017

Central bank weighs in on battle against Exxon and Shell

Unwilling to disclose banking secrets following the majors' request, Nigeria's central bank makes its case before the American courts.

Free access Energy 11.04.2017

Seven Energy’s new boss inherits legal headaches

Manish Maheshwari takes over the reins at Seven Energy, along with the company’s dispute with NPDC.

Subscribers only Energy 11.04.2017

Shell’s greed works out well for Lekoll

With an objective to increase output on its Nigerian block [...]

Subscribers only Energy 11.04.2017

Oando cashes in assets to balance books

With a $11 million profit in its 2016 books, compared [...]

Subscribers only Energy 11.04.2017

Olawale Akoni, local shepherd for foreign lawyers

To secure Nigerian National Petroleum Co’s win over Singaporean contractor [...]

Subscribers only Energy 11.04.2017

Northland helps Keras switch target

British firm Keras Resources solicited the services of Northland Capital [...]

Subscribers only Mining 04.04.2017

NNPC holds out on transparency of accounts

Bidden by Shell and ExxonMobil to disclose information about all [...]

Subscribers only Energy 28.03.2017

Pat Utomi, the fast track to minister Fayemi

Consultant Pat Utomi, a friend of the minister of mines since the 1980s, is the liaison between Fayemi and international mining groups.

Subscribers only Mining 21.03.2017

Re-branding of former Alufer head

The former non-executive director of British firm Alufer Mining in [...]

Subscribers only Mining 21.03.2017

India’s ONGC knocks Korea’s KNOC off its blocks

After having battled strenuously since 2009 to recover OPLs 321 and 323, KNOC has had its case rejected by the Nigerian courts.

Subscribers only Energy 14.03.2017

Mineral Hill raises enough funds to buy into OPL 236

Canada’s Mineral Hill Industries, which has been looking for nearly [...]

Subscribers only Energy 14.03.2017

Former ambassador in Switzerland wants a mega-power station in Kogi

Nigeria’s Eta-Zuma group has just issued a call for funding [...]

Subscribers only Energy 14.03.2017

Exxon and Shell leave NNPC a little respite

In early March, the majors ExxonMobil and Shell asked New [...]

Subscribers only Energy 14.03.2017

Toscafund’s appetite for San Leon works out well for Amara Equity

London-based Toscafund Asset Management again increased its stake in San [...]

Subscribers only Energy 14.03.2017

Olamide Oladosu helps Clifford Chance to attract the oil groups

Lawyer Olamide Oladosu, who was appointed director of Clifford Chance’s [...]

Subscribers only Energy 14.03.2017

Landau and Willan score a win for NNPC

Nigerian National Petroleum Co (NNPC) took on British lawyers Toby [...]

Subscribers only Energy 14.03.2017

Exxon & Shell targeting NNPC’s accounts in U.S

Demanding $2.5 billion from NNPC before a court in New York, Exxon and Shell want to know if the Nigerian firm has that sum in the U.S.

Subscribers only Energy 28.02.2017

Ignoring Panoro, MX raises cash to drill on Aje

Determined to drill a sixth well on its Aje license [...]

Subscribers only Energy 28.02.2017

Toscafund wants to profit from Chinese interest in San Leon

For some weeks now the London equity fund Toscafund Asset [...]

Subscribers only Energy 28.02.2017

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