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OIL & GAS

CONGO Courts and cash 05/03/2021

Pre-trial procedure over Sassou Nguesso clan's Miami penthouse begins

A US court has begun pre-trial proceedings into an investigation over the purchase of a luxury Miami penthouse by Denis-Christel Sassou Nguesso's wife. [...]

ANGOLA Courts and cash 01/03/2021

Lourenço scrutinises financially diminished sovereign fund

Angolan president João Lourenço announced the opening of a tender for a contract to analyse the 2021 results of the Fundo Soberano de Angola (FSDEA), a sovereign fund mainly financed by oil revenue. [...]

NIGERIA Courts and cash 12/02/2021

Shell takes solace in London court after Hague pollution defeat

Britain's Court of Appeal has dismissed the claim of thousands of Nigerians affected by an oil spill after a Shell pipeline burst and polluted coastal villages. [...]

ALGERIA Courts and cash 04/02/2021

Petrofac files for arbitration at risk of losing Sonatrach markets

The gas installations of In Salah, Algeria. ©Petrofac

NIGERIA Courts and cash 03/02/2021

Exxon and Shell still a long way from their $2.7bn compensation over OML 133

It does not seem likely that the United States Court of Appeals for the Second Circuit will uphold the arbitral ruling given in 2014 against the Nigerian National Petroleum Corp (NNPC) in its dispute with the oil majors ExxonMobil and Shell. [...]

SpotlightNIGERIA Courts and cash 02/02/2021

After Macron, tycoon Tony Elumelu adds Amundi to his growing French connections

Tony Elumelu and Emmanuel Macron in Lagos on July 4, 2018. ©Ludovic Marin/Pool/EPA/Newscom/MaxPPP

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Oil & gas

NIGERIA Courts and cash 28/01/2021

Malabu/OPL 245 case: squad of former ministers to referee ENI vs NNPC bout

Following former Bulgarian diplomat Stanimir Alexandrov's appointment earlier this month, a second member has been picked to join the ICSID artibral tribunal that will hear the case opposing Nigerian and Italian major ENI. [...]

NIGERIA Courts and cash 19/01/2021

ENI picks Bulgarian ex-foreign minister as its arbiter in dispute with NNPC over OPL 245

Chosen by the Italian major, former diplomat Stanimir Alexandrov is the first appointment to a tribunal that will arbitrate ENI's dispute with the Nigerian state over OPL 245. [...]

Gabonese lawyer Vivien Amos Péa (right) with Sylvia and Ali Bongo.

GABON Courts and cash 18/01/2021

Paris law firm Betto recruits a former Addax executive close to the Bongos

Arbitration specialist Betto Perben Pradel Filhol, keen to develop its activities in Africa, is bringing experts in Gabonese politics into its team. [...]

CHAD Courts and cash 18/01/2021

Ex-oil minister Djerassem Le Bemadjiel still unhelpfully behind bars as election looms

As the country gears up to April's presidential election, former oil minister Djerassem Le Bemadjiel remains detained awaiting trial following his arrest in September. Running for a sixth term, Idris Déby would have liked his support on the campaign trail. [...]

MAURITIUS GABON Oil & gas 15/01/2021

The untold story of Augusta's prefinancing

Although it abruptly ended its off-take contract with Augusta in mid-2020, the Gabonese refinery has continued to reimburse the $250m prefinancing loan the trading house had secured for the country with Mauritius Commercial Bank in 2017. [...]

SOUTH AFRICA Courts and cash 07/01/2021

Battle between Vitol/Natixis and Central Energy Fund trundles on

South Africa's "oilgate" - the conflict pitting state-owned Central Energy Fund against several international traders - is moving to the Supreme Court. [...]

MOROCCO UNITED STATES Courts and cash 23/12/2020

Carlyle vs Morocco arbitration bogged down, Washington seeks to intervene

Carlyle wants to make sure that the confidentiality of its "sensitive information" is respected in its arbitration with the Moroccan government over the liquidation of Samir refinery. [...]

NIGERIA UNITED STATES Courts and cash 15/12/2020

Washington to take over Madueke clan's $20m villa after judge rejects Sarbonne Estate's claim

US Judge Keith Ellison decided late November that Sarbonne Estate cannot block the Department of Justice's seizure of Nigerian national Kola Aluko's villa. [...]

ANGOLA Courts and cash 07/12/2020

Former Manuel Vicente partner Cobalt to finally compensate shareholders by year end

Plaintiffs in the class action against Cobalt International Energy, accused of hiding a conflict of interest in Angola and exaggerating results at two oil blocks, are finally due to receive compensation this month after years of proceedings. [...]

NIGERIA Courts and cash 27/11/2020

OPL 245: Johnson law firm keeps Nigeria in dark over deal with Drumcliffe to finance Malabu litigation

In dramatic new developments in a Delaware courtroom, it has come to light that the lawyer representing Abuja in the Malabu affair, Olabode Johnson, has signed a litigation financing arrangement with a US private equity firm without informing Nigeria of the deal. [...]

CONGO Politics 23/11/2020

Nguesso clan loses $2.4m Florida penthouse for good

The court of the Southern District of Florida has authorised the sale of former SNPC downstream director Denis-Christel Sassou Nguesso's luxury Miami apartment, seized in June. [...]

NIGERIA Courts and cash 12/11/2020

US sharpens defence to free Madueke clan villa from Sarbonne Estate's clutches

A real estate company is trying to stop the DoJ from seizing a luxury Californian villa that had belonged to Nigerian trader Kola Aluko but Washington won't let the asset slip from its hands so easily. [...]

NIGERIA Courts and cash 09/11/2020

OML 133: appeal hearing for ExxonMobil and Shell in $2.5bn NNPC suit not due before 2021

The dispute between state-owned Nigerian National Petroleum Corp (NNPC) and ExxonMobil and Shell over the distribution of income from OML 133 is not due to be heard before early next year by the United States Court of Appeals for the Second Circuit. [...]

NAMIBIA Courts and cash 03/11/2020

Why Maurel & Prom is mulling taking Azinam to court

It looks as though the junior oil company Azinam is in for a rough few months over its Walvis Basin blocks PEL 44 and 45 in Namibia. [...]

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Super technocrat Driss Benhima opens the way for the liberalisation of cannabis growing

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OIL & GAS

Pre-trial procedure over Sassou Nguesso clan's Miami penthouse begins

Lourenço scrutinises financially diminished sovereign fund

Shell takes solace in London court after Hague pollution defeat

Petrofac files for arbitration at risk of losing Sonatrach markets

Exxon and Shell still a long way from their $2.7bn compensation over OML 133

After Macron, tycoon Tony Elumelu adds Amundi to his growing French connections

Free Articles

South African furniture heir sets up shop in Mauritius

Norwegian development agency swears only by fellow Scandinavians

Kinshasa and Gaborone in two-way duel for top job at SADC

Malabu/OPL 245 case: squad of former ministers to referee ENI vs NNPC bout

ENI picks Bulgarian ex-foreign minister as its arbiter in dispute with NNPC over OPL 245

Paris law firm Betto recruits a former Addax executive close to the Bongos

Ex-oil minister Djerassem Le Bemadjiel still unhelpfully behind bars as election looms

The untold story of Augusta's prefinancing

Battle between Vitol/Natixis and Central Energy Fund trundles on

Carlyle vs Morocco arbitration bogged down, Washington seeks to intervene

Washington to take over Madueke clan's $20m villa after judge rejects Sarbonne Estate's claim

Former Manuel Vicente partner Cobalt to finally compensate shareholders by year end

OPL 245: Johnson law firm keeps Nigeria in dark over deal with Drumcliffe to finance Malabu litigation

Nguesso clan loses $2.4m Florida penthouse for good

US sharpens defence to free Madueke clan villa from Sarbonne Estate's clutches

OML 133: appeal hearing for ExxonMobil and Shell in $2.5bn NNPC suit not due before 2021

Why Maurel & Prom is mulling taking Azinam to court

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OIL & GAS

Pre-trial procedure over Sassou Nguesso clan's Miami penthouse begins

Lourenço scrutinises financially diminished sovereign fund

Shell takes solace in London court after Hague pollution defeat

Petrofac files for arbitration at risk of losing Sonatrach markets

Exxon and Shell still a long way from their $2.7bn compensation over OML 133

After Macron, tycoon Tony Elumelu adds Amundi to his growing French connections

Free Articles

South African furniture heir sets up shop in Mauritius

Norwegian development agency swears only by fellow Scandinavians

Kinshasa and Gaborone in two-way duel for top job at SADC

Malabu/OPL 245 case: squad of former ministers to referee ENI vs NNPC bout

ENI picks Bulgarian ex-foreign minister as its arbiter in dispute with NNPC over OPL 245

Paris law firm Betto recruits a former Addax executive close to the Bongos

Ex-oil minister Djerassem Le Bemadjiel still unhelpfully behind bars as election looms

The untold story of Augusta's prefinancing

Battle between Vitol/Natixis and Central Energy Fund trundles on

Carlyle vs Morocco arbitration bogged down, Washington seeks to intervene

Washington to take over Madueke clan's $20m villa after judge rejects Sarbonne Estate's claim

Former Manuel Vicente partner Cobalt to finally compensate shareholders by year end

OPL 245: Johnson law firm keeps Nigeria in dark over deal with Drumcliffe to finance Malabu litigation

Nguesso clan loses $2.4m Florida penthouse for good

US sharpens defence to free Madueke clan villa from Sarbonne Estate's clutches

OML 133: appeal hearing for ExxonMobil and Shell in $2.5bn NNPC suit not due before 2021

Why Maurel & Prom is mulling taking Azinam to court

SPECIAL OFFER

Refine your search

First visit

Contacts

Tools

Free services

Follow us

A website edited by

Indigo Publications also publishes: