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Spotlight | Nigeria
Project Star: Chevron's stealth mission to raise the bids for OMLs 86 and 88

Taking a page from ExxonMobil's book (AEI 851), Chevron would like to trim its Nigerian portfolio by divesting from secondary or aging assets. The plan is to sell these to local firms with enough connections for the Department of Petroleum [...]

Published on 03/12/2019 at 04:30 GMT Reading time 3 minutes

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Energy

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Alonso Mago
Brooke Matthews
Chevron
Department of Petroleum Resources
ENI
ExxonMobil
Moncef Attia
Nigerian National Petroleum Corp
NLNG
NNPC
Scotiabank
Scott Hunthausen
Shell
Total

Congo
Chevron sells up in Congo

The American major is moving full steam ahead to pull out of Africa, selling off its mature assets and focusing on Southern Africa.

Subscribers only Energy 26.05.2023

Nigeria
Disputes still hound Nigeria's relations with ENI and Shell

Nigerian oil company NNPC has managed to settle the lawsuits filed against it in the United States by trading them for block extensions. But the West African giant has not seen the back of its arbitration proceedings involving ENI and Shell yet.

Subscribers only Energy 06.09.2022

Nigeria
Despite NNPC pre-emption threat, ExxonMobil continues sale to Seplat

Although a clarification meeting was held between the state-owned NNPC, ExxonMobil's Nigerian subsidiary and Seplat, the transfer of the US major's shares in shallow offshore blocks is on the verge of completion.

Subscribers only Energy 06.04.2022

Nigeria
UTM Offshore to launch Nigeria's first FLNG venture with backing of DPR and ExxonMobil

Following the lead of Cameroon and Mozambique, Nigeria is finally moving into floating liquefied natural gas technology. An extremely well-connected businessman in the Niger Delta, Julius Rone, is orchestrating proceedings.

Subscribers only Energy 27.05.2021

Nigeria
NNPC set to beat Conoil to Chevron's stake in offshore blocks 86 and 88

The American major believed that after a year of searching it had found a private Nigerian buyer for its lease on these two offshore blocks, but the NNPC has other ideas.

Free access Energy 08.04.2021

Nigeria
DPR names marginal field winners at last

As the country continues to grapple with Covid-19, President Muhammadu Buhari has been hoping to generate cash from a marginal field bid that looks at last about to close. The Department of Petroleum Resources has sent the first letters to inform the succesful bidders of its choice.

Subscribers only Energy 09.03.2021

Nigeria
Mike Sangster spearheads lobbying of Total, Chevron, ExxonMobil and Shell on new oil bill

To pressure the Nigerian authorities into including greater incentives for investors in the new petroleum bill, the oil companies present in the country have put their faith in the lobbying clout of their most influential figure:

Free access Energy 05.02.2021

Nigeria
Buhari to finally announce marginal field winners

The Nigerian president Muhammadu Buhari has finally appended his signature to the document listing the local - and international companies as a partner - chosen to operate one of the blocks covered by the tender call issued in June.

Subscribers only Energy 03.12.2020

Nigeria
Marginal fields: signature bonus bonanza eludes Abuja

The Department of Petroleum Resources was counting on $520m from the sale of 52 deposits previously operated by the majors.

Subscribers only Energy 25.09.2020

Spotlight | Nigeria
Marginal fields: who among Buhari's buddies can help bidders win over DPR?

Junior oil firms flocked in their hundreds to bid for one of the 57 marginal fields put up for sale by the Abuja authorities to avoid a financial debacle as the Covid-19 crisis continues.

Subscribers only Energy 01.07.2020

Nigeria
Oil minister Sylva works behind scenes for quick sale of Shell, Exxon, Chevron, Total marginal fields

Nigeria has finally embarked on a sell-off of oil fields no longer wanted by oil majors, but the timing is terrible.

Subscribers only Energy 14.05.2020

Minister of State for Petroleum Timipre Sylva.

Nigeria
NAPIMS tussles with oil majors Shell/ExxonMobil/Total over cost-cutting

NNPC's local content arm is trying to keep the oil sector profitable by imposing severe cuts in international companies' expenditure, to the detriment of their Nigerian partners.

Subscribers only Energy 21.04.2020

Nigeria
OML 128: Chevron and Equinor target Oditah to sink NNPC

A new development in the NNPC vs. Chevron and Equinor [...]

Subscribers only Energy 31.03.2020

Nigeria
Chevron draws up first shortlist of OML 86/88 hopefuls

As we revealed (AEI 853), Chevron has wanted to find [...]

Subscribers only Energy 03.03.2020

Mozambique
Worley's love for PwC shines in Maputo

The Australian consultancy and engineering firm Worley, which has won two contracts with Total for the French major's Mozambican LNG [...]

Subscribers only Energy 03.03.2020

Mozambique
LNG security: FUlkrum Technical Resources picks out dream team made in UAE

After setting up an office in Mozambique in April 2019, [...]

Subscribers only Energy 04.02.2020

Gabon, Nigeria, South Sudan
NJ Ayuk's African Energy Chamber dreams big

The African Energy Chamber is bent on becoming the leading bridge between the public and private sector on the continent and has a plan of attack to do just that.

Subscribers only Energy 04.02.2020

Mozambique
Kentech seeks a slice of Cabo Delgado's gas

Kentech, the oil and gas services firm founded in Ireland, [...]

Subscribers only Business 17.01.2020

Nigeria
NLNG Train 7 project saves Buhari's non-existent oil & gas record

NLNG was put under immense pressure to get the first large-scale oil project that the current government would have achieved after five years in power launched before 2020.

Subscribers only Energy 07.01.2020

Mozambique
Spanish giant Cuñado takes on continent from the East

The Spanish oil and industrial services giant Grupo Cuñado that can be seen all over Europe, the United States and [...]

Subscribers only Energy 17.12.2019

Spotlight | Africa
Qatar Petroleum, the great paymaster for Total, ExxonMobil and ENI

Qatar's public oil firm, Qatar Petroleum (QP), has been on somewhat of a spending spree in Africa over the past few months. It is with this buy-happy approach that the company president and CEO, the influential Saad Sherida Al Kaabi, [.

Subscribers only Energy 17.12.2019

Nigeria
ExxonMobil puts up a smokescreen on its local business

American superpower ExxonMobil is trying to keep a tight lid [...]

Subscribers only Energy 05.11.2019

Spotlight | Nigeria
ExxonMobil: why the transfer of its marginal fields could be in jeopardy

As we revealed, over the past few months ExxonMobil has quietly been testing the waters with Nigerian firms to see if they could be interested in several Niger Delta assets it would like to sell.

Subscribers only Energy 22.10.2019

Spotlight | Algeria, Ghana, Mozambique
The secret story of Total's strike on Anadarko

Total has no intention of losing its seat as one of the largest oil players on the continent and has been busy working to keep ahead of Chevron in the race for Anadarko's African assets.

Subscribers only Energy 14.05.2019

Spotlight | Nigeria
Kola Karim takes a risk or two with Shoreline

Shoreline boss, the Nigerian businessman Kola Karim, has been on a roll securing partners with foreign firms to bulk up his company's portfolio of assets in Nigeria and across Africa at large.The latest target: Vinci - As we revealed in [.

Subscribers only Energy 30.10.2018

Spotlight | Africa
Shell still needs to play catch-up after BG purchase

As both BP and ExxonMobil take a major bet on the continent, and Total and ENI ramp up their African investments, Shell is nearly the only Western major to be dragging behind. Africa Energy Intelligence examines the Anglo-Dutch major's botched [.

Subscribers only Energy 03.07.2018

Spotlight | Nigeria
Baru and Kachikwu in power struggle at NNPC

Alongside President Muhammadu Buhari, who officially holds the post of oil minister, Nigeria's petroleum affairs are currently handled by two men, Maikanti Kacalla Baru, group managing director of NNPC, and Emmanuel Kachikwu, minister of state, petroleum resources (and also chairman [.

Subscribers only Energy 20.09.2016

Spotlight | Nigeria
Some applaud and others lament Madueke’s departure

Muhammadu Buhari’s victory in Nigeria’s recent presidential election will result in the departure a strongest card in outgoing president Goodluck Jonathan’s hand: the controversial petroleum resources minister Diezani Alison-Madueke. While some traders who became oil explorers raked in riches during [.

Subscribers only Energy 14.04.2015

Nigeria
Private auction for local firms

Although an auction for marginal fields hasn’t yet begun, Nigerian companies are already jockeying to reserve the best blocks for [...]

Subscribers only Energy 13.03.2012

Spotlight | Nigeria
How Abuja buys peace in the Delta

The amnesty that late president Umaru Yar'Adua offered in 2009 to militants from the Niger Delta marked its second anniversary on Oct. 4. And the results are there for all to see in the oil region:

Subscribers only Energy 18.10.2011

Set up email notifications for these topics

Alonso Mago
Brooke Matthews
Chevron
Department of Petroleum Resources
ENI
ExxonMobil
Moncef Attia
Nigerian National Petroleum Corp
NLNG
NNPC
Scotiabank
Scott Hunthausen
Shell
Total

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Libya From Tripoli to Benghazi, Turkish trader BGN's oil odyssey

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Spotlight | Nigeria Project Star: Chevron's stealth mission to raise the bids for OMLs 86 and 88

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create a free account

Set up email notifications for these topics

Congo Chevron sells up in Congo

Nigeria Disputes still hound Nigeria's relations with ENI and Shell

Nigeria Despite NNPC pre-emption threat, ExxonMobil continues sale to Seplat

Nigeria UTM Offshore to launch Nigeria's first FLNG venture with backing of DPR and ExxonMobil

Nigeria NNPC set to beat Conoil to Chevron's stake in offshore blocks 86 and 88

Nigeria DPR names marginal field winners at last

Nigeria Mike Sangster spearheads lobbying of Total, Chevron, ExxonMobil and Shell on new oil bill

Nigeria Buhari to finally announce marginal field winners

Nigeria Marginal fields: signature bonus bonanza eludes Abuja

Spotlight | Nigeria Marginal fields: who among Buhari's buddies can help bidders win over DPR?

Nigeria Oil minister Sylva works behind scenes for quick sale of Shell, Exxon, Chevron, Total marginal fields

Nigeria NAPIMS tussles with oil majors Shell/ExxonMobil/Total over cost-cutting

Nigeria OML 128: Chevron and Equinor target Oditah to sink NNPC

Nigeria Chevron draws up first shortlist of OML 86/88 hopefuls

Mozambique Worley's love for PwC shines in Maputo

Mozambique LNG security: FUlkrum Technical Resources picks out dream team made in UAE

Gabon, Nigeria, South Sudan NJ Ayuk's African Energy Chamber dreams big

Mozambique Kentech seeks a slice of Cabo Delgado's gas

Nigeria NLNG Train 7 project saves Buhari's non-existent oil & gas record

Mozambique Spanish giant Cuñado takes on continent from the East

Spotlight | Africa Qatar Petroleum, the great paymaster for Total, ExxonMobil and ENI

Nigeria ExxonMobil puts up a smokescreen on its local business

Spotlight | Nigeria ExxonMobil: why the transfer of its marginal fields could be in jeopardy

Spotlight | Algeria, Ghana, Mozambique The secret story of Total's strike on Anadarko

Spotlight | Nigeria Kola Karim takes a risk or two with Shoreline

Spotlight | Africa Shell still needs to play catch-up after BG purchase

Spotlight | Nigeria Baru and Kachikwu in power struggle at NNPC

Spotlight | Nigeria Some applaud and others lament Madueke’s departure

Nigeria Private auction for local firms

Spotlight | Nigeria How Abuja buys peace in the Delta

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Libya
From Tripoli to Benghazi, Turkish trader BGN's oil odyssey

Senegal
Guns and oil drive Russia's Dakar courtship

Spotlight | Nigeria
Project Star: Chevron's stealth mission to raise the bids for OMLs 86 and 88

Congo
Chevron sells up in Congo

Nigeria
Disputes still hound Nigeria's relations with ENI and Shell

Nigeria
Despite NNPC pre-emption threat, ExxonMobil continues sale to Seplat

Nigeria
UTM Offshore to launch Nigeria's first FLNG venture with backing of DPR and ExxonMobil

Nigeria
NNPC set to beat Conoil to Chevron's stake in offshore blocks 86 and 88

Nigeria
DPR names marginal field winners at last

Nigeria
Mike Sangster spearheads lobbying of Total, Chevron, ExxonMobil and Shell on new oil bill

Nigeria
Buhari to finally announce marginal field winners

Nigeria
Marginal fields: signature bonus bonanza eludes Abuja

Spotlight | Nigeria
Marginal fields: who among Buhari's buddies can help bidders win over DPR?

Nigeria
Oil minister Sylva works behind scenes for quick sale of Shell, Exxon, Chevron, Total marginal fields

Nigeria
NAPIMS tussles with oil majors Shell/ExxonMobil/Total over cost-cutting

Nigeria
OML 128: Chevron and Equinor target Oditah to sink NNPC

Nigeria
Chevron draws up first shortlist of OML 86/88 hopefuls

Mozambique
Worley's love for PwC shines in Maputo

Mozambique
LNG security: FUlkrum Technical Resources picks out dream team made in UAE

Gabon, Nigeria, South Sudan
NJ Ayuk's African Energy Chamber dreams big

Mozambique
Kentech seeks a slice of Cabo Delgado's gas

Nigeria
NLNG Train 7 project saves Buhari's non-existent oil & gas record

Mozambique
Spanish giant Cuñado takes on continent from the East

Spotlight | Africa
Qatar Petroleum, the great paymaster for Total, ExxonMobil and ENI

Nigeria
ExxonMobil puts up a smokescreen on its local business

Spotlight | Nigeria
ExxonMobil: why the transfer of its marginal fields could be in jeopardy

Spotlight | Algeria, Ghana, Mozambique
The secret story of Total's strike on Anadarko

Spotlight | Nigeria
Kola Karim takes a risk or two with Shoreline

Spotlight | Africa
Shell still needs to play catch-up after BG purchase

Spotlight | Nigeria
Baru and Kachikwu in power struggle at NNPC

Spotlight | Nigeria
Some applaud and others lament Madueke’s departure

Nigeria
Private auction for local firms

Spotlight | Nigeria
How Abuja buys peace in the Delta