Nigeria
Abuja agrees to settlement with ENI over OPL 245

Nigeria
ENI readies investment plan for former OPL 245 fields

The signing of a settlement agreement with Abuja over the offshore block that was the subject of an ICSID arbitration is expected to allow the Italian major to speed up its production timetable. A development plan and its financing are already on the table.

Nigeria
Jupiter Lithium threatens Abuja with arbitration proceedings

British mining company Jupiter Lithium has accused the Nigerian government of wrongfully cancelling its permits in the northern state of Kaduna.

Nigeria
Renaissance buys Shell's oil fields, but regulator keeps them in its sights

The Nigerian Upstream Petroleum Regulatory Commission has attempted to reclaim more than 90 fields from Shell's Nigerian subsidiary as it prepares for its upcoming oil block tender. Yet just days earlier, the regulator had approved their $2.

Nigeria
Abuja awaits revised version of Shell's $1.3bn deal with Renaissance

No new plan for the takeover of Shell's onshore assets in the Niger Delta by a consortium has been submitted to the Nigerian regulator, which rejected the first one. The main issue is the number of blocks involved in the sale.

Nigeria
Transparency International bids to revive Malabu oil scandal case in Washington

The anti-corruption NGO has no intention of letting the legal battle over Nigerian oil block OPL 245 peter out. With the help of two congresswomen, it is trying to get the US justice system to reopen the long-running case dubbed the Malabu oil scandal.

Nigeria
ENI sale of NAOC to Oando imminent

After concluding a months-long assessment, the Nigerian upstream regulator is expected to authorise the transaction in the coming days. The acquisition means the company led by President Tinubu's nephew will nearly double its oil reserves.

The New Guard
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Nigeria
ENI's hopes for smooth ride at ICSID over OPL 245 dashed by new stakeholders

Despite the Italian major's efforts to exclude them, three NGOs will now be involved in its arbitration proceedings with Nigeria, through which it hopes to prove that Abuja unfairly prevented it from developing the oil block.

Nigeria
Rivers State pollution: Shell vs Nigeria arbitration drop explained

The arbitration procedure pitting Shell against Nigerian State in a case involving an oil spill has been abandoned. The oil major agreed to withdraw its claim, after successfully getting the fine, including interest, that it had to pay to the local communities, significantly reduced.

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.

Nigeria
Arbitration between ENI and Abuja on OPL 245 can finally begin

The arbitration tribunal put in place to resolve the dispute between the Nigerian State and ENI on the development of the OPL 245 offshore oil field is ready to go.

Nigeria
ENI picks Bulgarian ex-foreign minister as its arbiter in dispute with NNPC over OPL 245

Chosen by the Italian major, former diplomat Stanimir Alexandrov is the first appointment to a tribunal that will arbitrate ENI's dispute with the Nigerian state over OPL 245.

Spotlight | Nigeria
Malabu/OPL 245: ENI turns up the heat on American investment firm Drumcliffe Partners

Italian oil & gas giant ENI has won the first round in a battle against Drumcliffe Partners, Abuja's chosen litigation fund in the Malabu scandal.

Nigeria
Malabu/OPL 245 scandal: backed by Three Crowns, ENI opens a new front against Abuja

After a court in Milan (Africa Intelligence, 16/09/20) it is [...]

Spotlight | Tunisia
Shell threatens to go to ICSID arbitration court

Tunisia, which is already battling with ABCI before the ICSID arbitration tribunal, could soon find itself in dispute with an even more redoubtable adversary in the form of the Shell oil group! According to our exclusive information, the Anglo-Dutch giant [.

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 [.