Nigeria

Yinka Folawiyo a star in Lagos’ offshore

Set up almost 30 years ago, the Nigerian group Yinka Folawiyo Petroleum Co that belongs to the Yinka Folawiyo & [...]

Subscribers only Energy 05.05.2015

Shell and Chevron renew their onshore licenses

One of the last decisions by the out-going oil minister reportedly resolved an issue on extending licenses that had been dragging on for years.

Subscribers only Energy 05.05.2015

Seven Energy boosts output to limit damage from oil price slump

While waiting for its gas fields to come fully on stream (it has invested enormously in them over the past [...]

Subscribers only Energy 05.05.2015

Oryx now run by an old Nigerian veteran

Former managing director of Addax Petroleum in Nigeria, Vance Querio, [...]

Subscribers only Energy 05.05.2015

Boni Yayi reeling over Goodluck Jonathan’s defeat

Thomas Boni Yayi has been inconsolable since the electoral defeat [...]

Subscribers only Politics 15.04.2015

Spotlight
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

NEWCOMERS
Why Saipem teamed up with billionaire Aliko Dangote

The recent creation of the joint venture Saipem Dangote E&C with much fanfare between the Italian oil services concern and [...]

Subscribers only Energy 14.04.2015

Funds betting on a depreciation of oil company assets

The long-awaited season for mergers & acquisitions in the oil industry has begun in Nigeria against a backdrop of falling prices.

Free access Energy 14.04.2015

Oil exploration at its lowest ebb in decades

The fact that oil companies operating in Nigeria have been waiting in vain since 2007 for a Petroleum Industry Bill [...]

Subscribers only Energy 14.04.2015

EERNL puts its revenue in hock to pay off SacOil

Energy Equity Resources Norway (EERNL), the parent company of EER Nigeria, has made an arrangement with SacOil Holdings to pay back its debt.

Subscribers only Energy 14.04.2015

Oando re-negotiates its hedging contracts

The Nigerian company is continuing to wrestle down its debts following its $1.5 billion purchase of ConocoPhillips’ assets last year.

Subscribers only Energy 14.04.2015

GTI Capital bets the farm on coal

In becoming the leading stakeholder in Equatorial Mining & Exploration [...]

Subscribers only Mining 07.04.2015

Midwestern buys Mart Resources and assumes debts

Just as Midwestern Oil & Gas, Mart Resources and SunTrust Oil Co completed the acquisition of OML 18, Midwestern took over Mart.