Petronor wins concessions from Banjul but remains reliant on BP
After being pushed out of Gambia, the Norwegian-Emirati firm has struck a highly favourable deal with the state, taking over a block that will cost it nothing for twelve months and is located close to a site where the British major is scheduled to drill. [...]
African Petroleum arbitration: who will foot legal bill of Banjul Omnia Strategy, Lucas Bastin and Edi M.O. Faal?
The Gambian state is seeking a guarantee that its legal fees at ICSID, where its cause is being defended by three eminent London law firms, will be covered by African Petroleum if the oil firm loses the case. [...]