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Nigeria

Midwestern buys Mart Resources and assumes debts

Just as Midwestern Oil & Gas, Mart Resources and SunTrust Oil Co completed the acquisition of OML 18, Midwestern took over Mart.

Subscribers only Energy 31.03.2015

Amnesty hits out at Shell and ENI

The NGO Amnesty International has called on the Italian government [...]

Subscribers only Energy 31.03.2015

Saipem seeking partners

Italy’s leading oil engineering concern Saipem, which specializes in the [...]

Subscribers only Energy 31.03.2015

An Anti-Riyadh front emerges at OPEC

With Saudi Arabia still refusing during meetings of OPEC to [...]

Subscribers only Energy 31.03.2015

Paris steps up Boko Haram hunt

France has recently reinforced Operation Barkhane by dispatching a fourth [...]

Subscribers only Politics 18.03.2015

Energia turns hand to refining local oil

Co-operator alongside Oando Production & Development Co (which holds a 45% stake) of the marginal Ebendo/Obodeti field (formerly known as [...]

Subscribers only Energy 17.03.2015

Abuja aims to avoid a financial rout with refining

The Nigerian government intends to pull out of the loss-making refining business and is to sell main units in coming two years.

Subscribers only Energy 17.03.2015

Turkish billionaire Gunal keeps plugging away

Even if it recently failed to win control of the Samira Hill gold mine in Niger (AMI 339), the Turkish [...]

Subscribers only Mining 10.03.2015

Seplat partner Belema steps from shadows

Belema Oil Producing, the partner of Seplat when it acquired Chevron’s 40% stake on OML 53 and 55, is going [...]

Subscribers only Energy 03.03.2015

Heritage Oil makes most of its Qatari owner’s unlimited cash

The acquisition of Heritage last June by the Al Mirqab company owned by an ex-prime minister of Qatar has unleashed the Canadian explorer’s African ambitions.

Subscribers only Energy 03.03.2015

The firms lying in wait to ambush Afren

Nigerian companies are jockeying for the best position to snap up a company with handsome assets but empty pockets.

Subscribers only Energy 03.03.2015

Niger Delta oil a thorn in Jonathan’s foot

Standing for re-election, the Nigerian president is campaigning on every front amid rising criticism of his handling of oil resources in the south.

Subscribers only Energy 03.03.2015

Danjuma threatens to jail MEND leaders

Theophilus Danjuma, former defence minister under Olusegun Obasanjo (1999-2003) and founding president of the firm South Atlantic Petroleum (Sapetro), recently [...]

Subscribers only Energy 03.03.2015

Green light for Alscon despite its legal troubles

In late February, the Nigerian Electricity Regulatory Commission (NERC) gave [...]

Subscribers only Energy 03.03.2015

Noble Energy seeks to erase debt

Noble Energy is going to proceed with a private placement [...]

Subscribers only Energy 03.03.2015

ENI moves steadily ahead on huge OPL 245

One of the rare hopes of Nigeria’s government to keep oil production over the 2 million bpd mark is pinned on the very special OPL 245.

Subscribers only Energy 17.02.2015

After long years of trying Falcon plants its flag in Anambra

After negotiations lasting a full 12 years, Falcon Corp has finally managed to pen a memorandum of understanding with Anambra [...]

Subscribers only Energy 17.02.2015

New private operators on their knees

Privatized nearly two years ago, the power plants and grids in Nigeria aren’t earning anything for their owners.

Subscribers only Energy 17.02.2015

Seplat shown the door by Afren

With talks dragging on since December, Afren finally decided to [...]

Subscribers only Energy 17.02.2015

OML 25: Crestar wins a round

Ruling on a suit filed last year by Crestar Integrated [...]

Subscribers only Energy 17.02.2015

NNPC's mysterious audit

Although the main findings were leaked to the local press, [...]

Subscribers only Energy 17.02.2015

Crestar launches frontal assault on NNPC and ministry

Under pressure from the oil ministry, Shell has rejected a move by Crestar to acquire its shares on OML 25. The Nigerian firm hasn’t taken that lying down and is mounting a counter-attack.

Subscribers only Energy 03.02.2015

First E&P closes in on prize

Five years after it was founded, First E&P seems poised to acquire the 40% of OML 83 and OML 85 [...]

Subscribers only Energy 03.02.2015

Marco Kruit, Addax's new Shell recruit

The Chinese firm Addax Petroleum (Sinopec group) has at last hired an executive to take charge of HSE (hygiene, security, [...]

Subscribers only Energy 03.02.2015

Philliskirk advises African Petroleum

A former head of the oil and gas department at [...]

Subscribers only Energy 03.02.2015

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Nigeria

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