OML 29: how Aiteo's Benedict Peters charmed his creditors and the DPR
Africa Energy Intelligence reveals how trading house Aiteo founder, Benedict Peters, has cleared the air over his prized OML 29 bought from Shell for $2.58 billion in the oil-rich state of Bayelsa. Accra was the place to be - [. [...]
Fresh team raring to go on the oil front
President Muhammadu Buhari’s first oil industry appointments in August targeted the management of NNPC and they ought to delight oil companies which had been waiting impatiently for changes at the top. The new executives, picked with their regional origins carefully [. [...]
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 [. [...]
Who are the lucky winners in swap contract lottery?
Largely unnoticed in Nigeria where the media and politicians are riveted on the presidential election on Feb. 14, a unit of the Nigerian National Petroleum Corp (NNPC), Pipelines and Product Marketing Co (PPMC) renewed swap contracts in early January that [. [...]