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OIL & GAS

COURTS AND CASH

CONGO Courts and cash 27/01/2022

Norwegian fraud squad investigate Petronor subsidiary Hemla's stake in PNGF Sud

Five years after it obtained a 20% stake in the Republic of the Congo's PNGF offshore block, Hemla's former bosses are being investigated by the Norwegian authorities. Petronor CEO Knut Søvold was detained by the Norwegian authorities in mid-December. [...]

NIGERIA Courts and cash 27/01/2022

ENI-Nigeria arbitration over OPL 245 resumes at ICSID after false start

The arbitration between ENI and the Nigerian state before the ICSID was interrupted in early December after Nigeria requested the disqualification of arbitrator Stanimir Alexandrov. [...]

NIGERIA Courts and cash 24/01/2022

Abuja fine-tunes case against JPMorgan in OPL 245 affair

Nigeria, whose case against JPMorgan is about to be heard in London, is doing its utmost to prove the bank was negligent over the transfer of $875m from state funds to Dan Etete's Malabu Oil & Gas ahead of the sale of OPL 245 block to Shell and ENI. It says the money was used to bribe Nigerian officials. [...]

NIGERIA Courts and cash 23/12/2021

Arbitration between ENI and Abuja on OPL 245 already on hold

The arbitral tribunal constituted in July 2021 to rule in the dispute between ENI and the Nigerian state in the "Malabu case" has been stopped its tracks. On 8 Dec, Nigeria filed a motion to disqualify one of the tribunal's three arbitrators. [...]

DRC Courts and cash 22/12/2021

Kinshasa's legal team in Dig Oil case takes surprise turn

American lawyer William Sanchez. © wsanchezlaw.com

DRC Oil & gas 20/12/2021

DRC picks star arbitrator for conflict with Dan Gertler's Caprikat and Foxwhelp

The Israeli tycoon has been forced to accept arbitration at the International Chamber of Commerce in Paris, the outcome of which could cost him several hundred million dollars. The name of the tribunal's president has not yet been disclosed, but the arbitrators appointed by each party are now known. [...]

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MOZAMBIQUE Oil & gas 16/12/2021

'Treasury devil' comes to British government's defence in case over Mozambique LNG

The British government is taking the case filed by an environmental NGO over its $1.15bn loan to TotalEnergies' Mozambique LNG mega-project very seriously. [...]

NIGERIA Courts and cash 15/12/2021

Erin Energy ex-shareholders return to haunt Kase Lawal

Following a ruling by the Supreme Court of Delaware, Erin Energy's creditors will now have their day in court. [...]

Nigerian billionaire Kase Lawal. © Reuters

NIGERIA Courts and cash 08/12/2021

What next for the $42 million from Galactica Star super-yacht sale?

Enron Nigeria Power Holdings, a subsidiary of the defunct gas giant Enron, still has its eye on part of this sum. [...]

NIGERIA Courts and cash 03/12/2021

Court rules billionnaire Eddy Van Den Broeke owes Baker Hughes $9m

An American court recently confirmed the $9m fine Luxembourg-based International Engineering & Construction must pay its subcontractor Baker Hughes over a failed small-scale LNG project in Nigeria. [...]

Belgian cement magnate Eddy Van Den Broeke. © Ministry of Petroleum Resources, Nigeria/Twitter

EGYPT Courts and cash 26/11/2021

Cairo creditor Mohamed Bahgat gets access to ENI's sealed Damietta LNG file

Mohamed Abdel Raouf Bahgat recently won a small victory in the US courts in his dispute with Egypt, from which he is seeking nearly $120 million in compensation for unduly withdrawing mining permits from him in the late 1990s. [...]

SOUTHERN AFRICA Banks 19/11/2021

Standard Bank still keen to bankroll fossil fuel industry

Unlike the overwhelming majority of European banks who want to go green and are reluctant to finance oil exploration, South Africa's Standard Bank shows no sign of withdrawing from the oil and gas industry. [...]

DRC Oil & gas 15/11/2021

French legal duo to represent Kinshasa in legal battles against Gertler and Dig Oil

French counsel Olivier Pardo and ex-justice minister Rachida Dati have been chosen by the DRC to litigate against Israeli magnate Dan Gertler and South African oil outfit Dig Oil. [...]

Rachida Dati and Olivier Pardo. © Vincent Isore/IP3 Press/Olivier Pardo // Aurelien Morissard/IP3 Press/Olivier Pardo

CONGO Courts and cash 02/11/2021

Masono, the Sassous' new Dubai venture for selling SNPC crude oil

Denis-Christel Sassou Nguesso has set up a new company registered in the United Arab Emirates to buy SNPC crude oil at low prices, in order to resell it to established traders at a mark-up. [...]

The minister of international cooperation and son of the president, Denis-Christel Sassou Nguesso. © Twitter/@ChristelSassou

DRC Courts and cash 28/10/2021

Kinshasa botches its appeal against $619m awarded to Dig Oil in the US

Despite never having paid any attention to the American aspect of the Dig Oil case, the DRC suddenly decided to take an interest by filing an appeal. But the appeal was poorly drafted and immediately rejected. [...]

EGYPT Courts and cash 25/10/2021

Egypt's most determined creditor seeks ammunition from closed ENI case

Mohamed Abdel Raouf Bahgat, a dual citizen of Finland and Egypt, is pulling out all the stops to recover the $120m he says Egypt owes him. [...]

SUDAN Courts and cash 19/10/2021

Three Crowns' London office to represent Petronas in abritration proceedings against Sudan

State-run Malaysian oil company Petronas will not let Khartoum take over its land and oil assets without a fight. On 7 October, it filed arbitration proceedings with the ICSID against Sudan. [...]

GABON Oil & gas 15/10/2021

Assala battles disgruntled ex-employee and ONEP trade union

Carlyle Group's Assala is counter-attacking to try to see off a legal complaint from an aggrieved former executive and to keep an angry union at bay. [...]

LIBYA Oil & gas 11/10/2021

Ex-Gaddafi PR man Sami Jallouli has NOC assets seized in Paris

After having long worked for the Gaddafi regime, Geneva-based Tunisian consultant Sami Jallouli has joined forces with two other creditors of Libya to seize the National Oil Corporation's shares in Mabruk Oil Operations, a joint venture between the NOC and France's TotalEnergies. [...]

NIGERIA Courts and cash 06/10/2021

P&ID trial saga starts afresh in the US

The P&ID case will return on 10 November to a US appeals court, which must go right back to its roots to determine whether it can be tried in the United States. [...]

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Youssef Chahed set to clear obstacles for Saied in the United States

Burhan and Hemeti keep a tight hold on power in Khartoum

OIL & GAS

Norwegian fraud squad investigate Petronor subsidiary Hemla's stake in PNGF Sud

ENI-Nigeria arbitration over OPL 245 resumes at ICSID after false start

Abuja fine-tunes case against JPMorgan in OPL 245 affair

Arbitration between ENI and Abuja on OPL 245 already on hold

Kinshasa's legal team in Dig Oil case takes surprise turn

DRC picks star arbitrator for conflict with Dan Gertler's Caprikat and Foxwhelp

Free Articles

Helios and OCP play game of bluff over fertiliser trader Solevo

Ex-AfrAsia founder Ben Padayachy helps Bernard Koné Dossongui make his Indian Ocean splash

Canada Energy Partners in bid to bag Konzi block

'Treasury devil' comes to British government's defence in case over Mozambique LNG

Erin Energy ex-shareholders return to haunt Kase Lawal

What next for the $42 million from Galactica Star super-yacht sale?

Court rules billionnaire Eddy Van Den Broeke owes Baker Hughes $9m

Cairo creditor Mohamed Bahgat gets access to ENI's sealed Damietta LNG file

Standard Bank still keen to bankroll fossil fuel industry

French legal duo to represent Kinshasa in legal battles against Gertler and Dig Oil

Masono, the Sassous' new Dubai venture for selling SNPC crude oil

Kinshasa botches its appeal against $619m awarded to Dig Oil in the US

Egypt's most determined creditor seeks ammunition from closed ENI case

Three Crowns' London office to represent Petronas in abritration proceedings against Sudan

Assala battles disgruntled ex-employee and ONEP trade union

Ex-Gaddafi PR man Sami Jallouli has NOC assets seized in Paris

P&ID trial saga starts afresh in the US

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Youssef Chahed set to clear obstacles for Saied in the United States

Burhan and Hemeti keep a tight hold on power in Khartoum

The never-ending battle to take Kenyatta's place at the State House

African Union: the battle of the giants

Cabo Delgado: a gas Eldorado and security nightmare

OIL & GAS

Norwegian fraud squad investigate Petronor subsidiary Hemla's stake in PNGF Sud

ENI-Nigeria arbitration over OPL 245 resumes at ICSID after false start

Abuja fine-tunes case against JPMorgan in OPL 245 affair

Arbitration between ENI and Abuja on OPL 245 already on hold

Kinshasa's legal team in Dig Oil case takes surprise turn

DRC picks star arbitrator for conflict with Dan Gertler's Caprikat and Foxwhelp

Free Articles

Helios and OCP play game of bluff over fertiliser trader Solevo

Ex-AfrAsia founder Ben Padayachy helps Bernard Koné Dossongui make his Indian Ocean splash

Canada Energy Partners in bid to bag Konzi block

'Treasury devil' comes to British government's defence in case over Mozambique LNG

Erin Energy ex-shareholders return to haunt Kase Lawal

What next for the $42 million from Galactica Star super-yacht sale?

Court rules billionnaire Eddy Van Den Broeke owes Baker Hughes $9m

Cairo creditor Mohamed Bahgat gets access to ENI's sealed Damietta LNG file

Standard Bank still keen to bankroll fossil fuel industry

French legal duo to represent Kinshasa in legal battles against Gertler and Dig Oil

Masono, the Sassous' new Dubai venture for selling SNPC crude oil

Kinshasa botches its appeal against $619m awarded to Dig Oil in the US

Egypt's most determined creditor seeks ammunition from closed ENI case

Three Crowns' London office to represent Petronas in abritration proceedings against Sudan

Assala battles disgruntled ex-employee and ONEP trade union

Ex-Gaddafi PR man Sami Jallouli has NOC assets seized in Paris

P&ID trial saga starts afresh in the US

Refine your search

First visit

Contacts

Tools

Free services

Follow us

A website produced by

Indigo Publications also publishes: