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Once protected by military presidents who made a significant contribution to its fortune, the construction company Julius Berger Nigeria is now dominated by the Nigerian oil kings. [...]
The head of state has once again postponed his decision on the 52 marginal fields that he was to award in December, much to the dismay of the increasingly impatient candidates. [...]
Junior oil firms flocked in their hundreds to bid for one of the 57 marginal fields put up for sale by the Abuja authorities to avoid a financial debacle as the Covid-19 crisis continues. [...]
Nigeria has finally embarked on a sell-off of oil fields no longer wanted by oil majors, but the timing is terrible. [...]
NNPC's local content arm is trying to keep the oil sector profitable by imposing severe cuts in international companies' expenditure, to the detriment of their Nigerian partners. [...]
For a long time, Oriental Energy Resources (OER), founder and chairman Muhammadu Indimi kept a tight lid on his negotiations [...]
For the past few weeks, the American supermajor ExxonMobil has been negotiating two parallel deals with Nigerian firms. [...]
The Nigerian billionaire oil tycoon Muhammadu Indimi - whose son Ahmed Indimi is married to President Muhammadu Buhari's daughter Zahra [...]
As we revealed, over the past few months ExxonMobil has quietly been testing the waters with Nigerian firms to see if they could be interested in several Niger Delta assets it would like to sell. [...]
With President Buhari's new oil team in place at last, the American major has hit the ground running for its grand asset sale plan. [...]
The American supermajor wants to pare back to its core developments, letting local companies take over any small discoveries. [...]
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