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The billion dollars that ENI paid to Abuja for OPL 245 could well turn into a legal battle. And behind it lie the huge commissions generated by the deal. [...]
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. [...]
Hit by sabotage, theft and flooding, ENI is having trouble meeting its commitments to supply gas to Nigeria LNG. [...]
According to our sources, this summer will see the start [...]
According to our sources, the arbitration proceedings that have pitted [...]
The arbitration court that is to rule on a suit by Russian lawyer Ednan Agaev against his one-time customer, former [...]
None of the parties involved in last year's acquisition by Shell and ENI of OPL 245 previously controlled by Malabu Oil & Gas headed by Dan Etete has said the least word in public about the deal. It was one [...]
The cash laid out by Shell and Agip to buy [...]
After ten years of maneuvering and court cases, Shell ended up by offering to buy Malabu Oil & Gas’ offshore block OPL 245 (see our report in AEI 656). The stakes in the game were indeed high. Lying alongside Total [...]
Containing nearly 9 billion barrels of reserves, OPL 245 in Nigeria's offshore has be the theatre of an epic struggle for nearly 10 years between Shell and the local Nigerian [...]
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