SHELL'S DIVESTMENT IN NIGERIA


  Oilmen and financiers are scrambling to snap up a portfolio of producing oil concessions in the Niger Delta that RoyalDutch/Shell put on sale in early 2010.  
Freeze on Shell's divestment
(5 ARTICLES)
AFRICA ENERGY INTELLIGENCE n°660 - 05/10/2011
Conoil wants its money back
Now that Conoil, a Nigerian oil firm headed by Mike Adenuga, has backed away from buying Shell’s stake on OML 30 (AEI 658), it wants its deposit with Shell back. (...)  [144 words]   [€1,5]
AFRICA ENERGY INTELLIGENCE n°658 - 07/09/2011
Oryx, season two
Because the non-competition clause he signed when Addax Petroleum was sold to Sinopec in 2009 has run out, Jean-Claude Gandur, now one of the richest men in Switzerland, is training his sights on the upstream again through a new firm, Oryx Petroleum Company, incorporated in Geneva. (...)  [245 words]   [€5]
AFRICA ENERGY INTELLIGENCE n°656 - 20/07/2011
Freeze on Shell sell-off
On the heels of Afren and Niger Delta (AEI 654/653), all of the oil companies that put in bids for Shell ’s stakes on OML 30, 34, 40 and 42 have suspended their talks with the Anglo-Dutch oil company and the Nigeria Petroleum Development Corp (NPDC). (...)  [196 words]   [€1,5]
AFRICA ENERGY INTELLIGENCE n°654 - 22/06/2011
NPDC calls shots in Delta
After Niger Delta Ltd on OML 34 (AEI 653), it’s now Afren ’s turn to be worried about the wish of Nigeria Petroleum Development Company to become operator on OML 26, according to our sources in Abuja. (...)  [253 words]   [€5]
AFRICA ENERGY INTELLIGENCE n°653 - 08/06/2011
Confusion over Shell’s licenses
Having won Shell’s stake on OML 34 after a lengthy bidding round, Niger Delta Ltd has asked the Anglo-Dutch major to hold off on finalizing the deal, according to Africa Energy Intelligence ’s sources in Abuja. (...)  [194 words]   [€5]
Short list sleight-of-hand
(9 ARTICLES)
AFRICA ENERGY INTELLIGENCE n°652 - 25/05/2011
USD 2.5 billion for Shell
Finalized early this month, the sale of RoyalDutch/Shell ’s stakes on OML 30, 34, 40 and 41 reportedly raked in USD 2. (...)  [182 words]   [€1,5]
AFRICA ENERGY INTELLIGENCE n°650 - 20/04/2011
Shell keeps people guessing
Up to now RoyalDutch/Shell hasn’t signed the least agreement for the sale of its stakes on OML 30, 34, 40 and 42. (...)  [209 words]   [€1,5]
AFRICA ENERGY INTELLIGENCE n°649 - 06/04/2011
Shell calls end to contest
After an auction lasting nearly a year (see our report on africaintelligence.com), the board of Shell Petroleum Development Company (SPDC) met on March 30 to pick the winners of its stakes in OML 30, 34, 40 and 42. (...)  [274 words]   [€5]
AFRICA ENERGY INTELLIGENCE n°649 - 06/04/2011
Shell pulls a fast one
Immediately after RoyalDutch/Shell announced the winners of its stakes on OML 30, 34, 40 and 41 (read our article) it caught the companies by surprise by proposing a deal. (...)  [167 words]   [€1,5]
AFRICA ENERGY INTELLIGENCE n°648 - 23/03/2011
Jan Kulczyk throws hat in ring
Kulczyk Oil Ventures, the oil company owned by Jan Kulczyk, has jumped into the bidding for the assets of RoyalDutch/Shell on OML 42 in Nigeria. (...)  [260 words]   [€5]
AFRICA ENERGY INTELLIGENCE n°648 - 23/03/2011
Shell wants even more
Royal/Dutch/Shell called would-be suitors to the Hilton Tower Bridge hotel in London last week for a second meeting concerning the holdings in OML 30, 34, 40 and 42 in the Niger Delta that it is putting up for sale. (...)  [243 words]   [€1,5]
AFRICA ENERGY INTELLIGENCE n°647 - 09/03/2011
Disinvestment: who’s next in line?
According to our sources, several Western oil companies active in Nigeria are thinking of copying RoyalDutch/Shell in putting their holdings on declining onshore fields up for sale before the end of the year. (...)  [402 words]   [€5]
AFRICA ENERGY INTELLIGENCE n°646 - 23/02/2011
Shell’s short list for fields
A handful of suitors for RoyalDutch/Shell’s stakes on OML 30, 34, 40 and 42 received letters from the Anglo-Dutch giant in the middle of last week. (...)  [369 words]   [€5]
AFRICA ENERGY INTELLIGENCE n°645 - 09/02/2011
Uncertainty over Shell’s blocks
Companies seeking to buy RoyalDutch/Shell’s stakes on OML 30, 34, 40 and 42 remain on tenterhooks after submitting their bids on Jan. (...)  [202 words]   [€5]
Battle of would-be buyers
(11 ARTICLES)
AFRICA ENERGY INTELLIGENCE n°644 - 26/01/2011
Eighteen suitors for Shell’s OMLs
Despite a lot of question marks over RoyalDutch/Shell ’s sale of its 30% stakes on OML 30, 34, 40 and 42, eighteen suitors put in bids for the blocks before the Jan. (...)  [506 words]   [€5]
AFRICA ENERGY INTELLIGENCE n°642 - 22/12/2010
Total Makes Life Hard for Shell
Shell Petroleum Development Company (SPDC), the affiliate of RoyalDutch/Shell in Nigeria, has put back to January 12 the deadline for bids for the 30% it holds on four marginal fields, namely OML 30, 34, 40 and 42. (...)  [279 words]   [€5]
AFRICA ENERGY INTELLIGENCE n°641 - 08/12/2010
A Little Murder Among Friends
OML 30: The “dream team” consisting of Perenco and Addax/Oryx that came together to acquire Shell’s OML 30 with its 350 million barrels of proven reserves fell apart early this month. (...)  [413 words]   [€5]
AFRICA ENERGY INTELLIGENCE n°639 - 10/11/2010
Home Stretch in Race for OML 30
Shell Petroleum Development Company has sent a letter informing would-be buyers of OML 30 that they must submit bank guarantees backing their bids by Nov. (...)  [273 words]   FREE
AFRICA ENERGY INTELLIGENCE n°638 - 27/10/2010
Scramble for Shell’s Licenses
To improve its image and relations with the federal government, Shell Petroleum Development Co is selling three of its under-explored blocks to Nigerian operators with good connections. (...)  [319 words]   [€5]
AFRICA ENERGY INTELLIGENCE n°637 - 13/10/2010
Femi Bajomo
Africa Energy Intelligence understands that the British company Afren hired Nigerian national Femi Bajomo, and appointed him regional director in charge business development, at the end of September. (...)  [181 words]   [€5]
AFRICA ENERGY INTELLIGENCE n°637 - 13/10/2010
Shell Starts its Beauty Contest
Since early this year, Shell Petroleum Development Co. of Nigeria (SPDC) has been preparing to sell acreage in the Niger Delta on which it has done little work to private Nigerian firms allied with Western oil groups. (...)  [365 words]   [€5]
AFRICA ENERGY INTELLIGENCE n°637 - 13/10/2010
SacOIL Seeks to End Losing Streak
The South African junior SacOIL has teamed up with the Nigerian group Energy Equity Resources (EER) headed by Osamede Okhomina, son of Ama Pepple, a former permanent secretary in Nigeria’s oil ministry. (...)  [383 words]   [€5]
AFRICA ENERGY INTELLIGENCE n°635 - 15/09/2010
Shell in Quick Sell-Off
After managing to sell its stakes on OML4, 38 and 41 to Nigeria’s Seplat and the French concern Maurel & Prom, Shell Petroleum Development Company of Nigeria (SPDC) is preparing to dispose of other assets to Nigerian groups with Western companies behind them. (...)  [343 words]   [€5]
AFRICA ENERGY INTELLIGENCE n°631 - 30/06/2010
Summer Sale for Shell
In endorsing RoyalDutch/Shell’s disposal of its interests on OML 4, 38 and 41 on June 15, the Nigeria National Petroleum Corporation indirectly opened the door to the major’s sale of more of its assets. (...)  [378 words]   FREE
AFRICA ENERGY INTELLIGENCE n°622 - 17/02/2010
Shell Walks a Tightrope
RoyalDutch/Shell is selling off its assets with extreme care in order to avoid giving the impression of pulling out of Nigeria. (...)  [220 words]   [€5]
Bankers join the race
(8 ARTICLES)
AFRICA ENERGY INTELLIGENCE n°648 - 23/03/2011
Standard Chartered Bank
Banker of Conoil, the Nigerian company owned by Mike Adenuga, Britain’s Standard Chartered bank will have to rustle up nearly USD 1. (...)  [121 words]   [€1,5]
AFRICA ENERGY INTELLIGENCE n°646 - 23/02/2011
African Capital Alliance
The Nigerian equity fund African Capital Alliance that was founded in 1997 by Richard Kramer and Okechukwu Enelamah, both of whom worked for Arthur Andersen Nigeria, is bankrolling a bid by the Nigereian junior Vertex Energy to buy Shell’s assets in the Niger Delta (see also P. (...)  [88 words]   [€1,5]
AFRICA ENERGY INTELLIGENCE n°645 - 09/02/2011
Fast-track loan for Afren
To reduce its net debt of USD 142 million, the British oil firm Afren placed bonds worth nearly USD 450 million on the market last week, with maturity set for 2016. (...)  [127 words]   [€1,5]
AFRICA ENERGY INTELLIGENCE n°640 - 24/11/2010
Soros to the Rescue?
Soros Capital is interested in the sale of OML 30 by Shell Petroleum Development Company (SPDC), a subsidiary of RoyalDutch/Shell in Nigeria. (...)  [281 words]   [€1,5]
AFRICA ENERGY INTELLIGENCE n°639 - 10/11/2010
BP Unwelcome in Delta
The former chairman of BP, John Browne, looks set for a rebuff if a company in which he is a partner, Riverstone Holdings LLC, bids to acquire assets that RoyalDutch/Shell has put up for sale in the Niger Delta. (...)  [192 words]   [€1,5]
AFRICA ENERGY INTELLIGENCE n°639 - 10/11/2010
BNP Paribas
The French bank seems ubiquitous in the sell-off of RoyalDutch/Shell ’s assets in the Niger Delta (see Page 3). (...)  [113 words]   [€1,5]
AFRICA ENERGY INTELLIGENCE n°635 - 15/09/2010
Alphin Capital AG
Specializing in advising operators of marginal oil fields, the firm Alphin Capital headed by Pierre Fleury was chosen by Energy Equity Resources (EER) owned by Osamede Okhomina to advise it on buying the assets of Shell Petroleum Development Company of Nigeria (SPDC) on OML 40 in the Niger Delta (see Page 3). (...)  [110 words]   [€1,5]
AFRICA ENERGY INTELLIGENCE n°630 - 16/06/2010
Perenco Dips Into Treasure Chest
Africa Energy Intelligence understands the family-owned oil Perenco group is talking with RoyalDutch/Shell on buying the Anglo-Dutch group’s assets on marginal fields in the Niger Delta. (...)  [260 words]   [€5]
Maurel & Prom, the pionners
(8 ARTICLES)
AFRICA ENERGY INTELLIGENCE n°648 - 23/03/2011
Maurel & Prom’s big bazaar sale
Reported by Africa Energy Intelligence in its last issue, Maurel & Prom’s intention to focus on its producing assets in Nigeria is prompting the group to reduce its stakes in its other African holdings. (...)  [251 words]   [€5]
AFRICA ENERGY INTELLIGENCE n°647 - 09/03/2011
Maurel sheds all for Nigerian play
The first oil company to buy Shell’s assets in the Niger Delta, Maurel & Prom, appears on the verge of spectacular about-turn in strategy. (...)  [257 words]   [€5]
AFRICA ENERGY INTELLIGENCE n°643 - 12/01/2011
Jean Bie
Maurel & Prom has just named Jean Bie as the new head of its exploration division. A former executive of Elf and then Total, Bie worked as the latter’s exploration director in Nigeria between 1987 and 1992 and headed the French major’s subsidiary in Gabon between 2004 and 2008. (...)  [133 words]   [€5]
AFRICA ENERGY INTELLIGENCE n°633 - 28/07/2010
Still More for Maurel
Launched last month, a bond issue by Maurel & Prom is now aiming to raise EUR 70 million through the sale of 5,511,812 units convertible into shares in the French oil company. (...)  [158 words]   [€1,5]
AFRICA ENERGY INTELLIGENCE n°632 - 14/07/2010
Cost Overrun for Maurel?
France’s BNP Paribas bank is mounting a bond issue convertible into shares and globally worth EUR 60 million for the French oil company Maurel & Prom. (...)  [220 words]   [€1,5]
AFRICA ENERGY INTELLIGENCE n°626 - 14/04/2010
Right of Reply by Jean-Francois Henin
In response to our article "Henin's Secret Trip to Seal Deal," (AEI 624) Jean-Francois Henin, chief executive of Maurel & Prom, sent us a right to reply as French law allows him to do. (...)  [405 words]   [€1,5]
AFRICA ENERGY INTELLIGENCE n°624 - 17/03/2010
Henin’s Secret Trip to Seal Deal
When Nigeria’s Seplat, which is 45% owned by Maurel & Prom, bought out the shares of RoyalDutch/Shell, Total and ENI on OML 4, 38 and 41 last month the deal was cut without anybody consulting the Nigerian National Petroleum Corp (NNPC). (...)  [262 words]   FREE
AFRICA ENERGY INTELLIGENCE n°621 - 03/02/2010
Maurel Has Foot in Delta’s Door
Breaking into Nigeria for the first time , France’s Maurel & Prom has bought stakes on three of Shell’s fields that the Anglo-Dutch company stopped working two years ago. (...)  [252 words]   [€5]
State lies in ambush
(3 ARTICLES)




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