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NIGERIA

Local oil firms declare war on NPDC

The forced sale of producing blocks to Nigerian juniors by former president Goodluck Jonathan’s government fell far short of pleasing those who benefited from it. No sooner had the government awarded the blocks than it said the national oil company [...] (587 words)

Issue dated 05/04/2016 Reading time 3 minutes

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Energy

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NIGERIA
Bello Rabiu
Diezani Alison-Madueke
Elcrest
Emmanuel Ibe Kachikwu
ENI
First Hydrocarbon Nigeria
Goodluck Jonathan
Heritage Oil/Shoreline
M.KBaru
Muhammadu Buhari
ND Western
Neconde Energy
Nigerian Petroleum Development Co
NNPC
Shell
Total

Oil minister Sylva works behind scenes for quick sale of Shell, Exxon, Chevron, Total marginal fields

Nigeria has finally embarked on a sell-off of oil fields no longer wanted by oil majors, but the timing is terrible. [...]

Minister of State for Petroleum Timipre Sylva. © Reuters

NIGERIA Energy 03/03/2020

OML 29: Aiteo's Benedict Peters left in the lurch by IS45

After the departure of his long-term partner, the billionaire has been forced to find new service firms to work with. [...]

NIGERIA Energy 21/01/2020

After P&ID, Judge Ekwo to hear Rivers/Bayelsa battle for Shell's disputed Soku wells

The federal high court magistrate has followed straight on from the P&ID case to cover an inextricable cross-border battle in the Niger Delta. [...]

NIGERIA Energy 07/01/2020

NLNG Train 7 project saves Buhari's non-existent oil & gas record

NLNG was put under immense pressure to get the first large-scale oil project that the current government would have achieved after five years in power launched before 2020. [...]

NIGERIA Energy 25/06/2019

ExxonMobil lays down plans to shed certain fields

The American supermajor wants to pare back to its core developments, letting local companies take over any small discoveries. [...]

NIGERIA Energy 09/04/2019

Swap deals: Kachikwu's great refinery failure

This could be the last days at the ministry for the secretary of state. If he does go, one of his biggest regrets will be Nigerian traders are still hooked on swap deals. [...]

NIGERIA Energy 02/01/2019

Kachikwu's rush to find partners for gas flaring programme

Two months away from Nigeria's presidential election, the minister of state for petroleum resources Emmanuel Ibe Kachikwu is trying to [...]

NIGERIA Energy 11/12/2018

Financier Michele Faissola teams up with Heritage Oil

Heritage Oil, the oil arm of investment fund Al Mirqab [...]

Spotlight

NIGERIA Energy 13/11/2018

Aiteo boss Benedict Peters steps up to handle crippling debt

Trading house Aiteo, which had prospered under Goodluck Jonathan's tenure, has recently had to start making hefty repayments to creditors that had helped the firm buy the giant OML 29. Aiteo founder and CEO, Nigerian businessman Benedict Peters, is using [. [...]

NIGERIA Energy 02/10/2018

Under pressure in delta, Buhari pushes forward with NLNG train 7

The CEO of the joint venture NLNG (Shell, Total, Eni, NNPC), Tony Attah (former board member of Shell Nigeria) has [...]

NIGERIA Energy 18/09/2018

Shell makes ready to sell OML 25 all over again

Following its aborted 2014 sale, OML 25, has fallen back in Shell's hands and the oil major is happy to take its time in finding a new buyer. [...]

GHANA Energy 05/06/2018

Springfield uses extensive connections to get noticed by ENI

Springfield Group, operator of West Cape Three Points Block 2 (WCTP2) since 2016, is hoping to finance a well this [...]

NIGERIA Energy 06/02/2018

NLNG: pace picks up for future seventh train

In anticipation of the final investment decision for the future [...]

NIGERIA Energy 24/10/2017

French oil team to travel to lagos and abuja

The French employers' organisation Medef is planning a visit to [...]

NIGERIA Energy 24/10/2017

Why does Aiteo need to hire Bruce Burrows?

The trading firm, facing high financial exposure, is rallying round to quickly find partners on its OML 29. [...]

NIGERIA Energy 14/02/2017

Under pressure, the vice president turns on the charm in niger delta

Visiting the Niger Delta on Feb. 10, Nigerian vice president [...]

NIGERIA Energy 31/01/2017

NNPC hires top lawyer to thwart Exxon & Shell

NNPC has contracted a leading Nigerian lawyer to help it throw out charges laid against it by the majors. [...]

Spotlight

NIGERIA Energy 17/01/2017

How Buhari hands NNPC's crude to those in his debt

In addition to international groups like Glencore, Trafigura, Total and BP, the list of 18 Nigerian firms that won allocations of NNPC’s crude - 32,000 bpd or one cargo per month - for 2017/2018 looks like a clever geopolitical share-out [. [...]

GHANA Energy 13/12/2016

New president has some energy promises to keep

Ghana’s new president, Nana Akufo-Addo, who was elected on Dec. [...]

NIGERIA Energy 29/11/2016

How India plans to spend $15 billion on oil deals in Nigeria

The leading architect of India’s plan to invest heavily in Nigerian oil, the powerful businessman Adewale Otegbola - boss of [...]

NIGERIA Energy 15/11/2016

Political standoff on Mambila hydropower project

Darius Ishaku, governor of Taraba state, is not as enthusiastic [...]

IVORY COAST Energy 15/11/2016

Total and ENI trim their costs on block CI-100

ENI and Total, partners on block CI-100 that lies in [...]

NIGERIA Energy 18/10/2016

Simbi Kesiye Wabote, a potential bugbear of ENI on OPL 245

The appointment of Simbi Kesiye Wabote as the new executive secretary of the Nigerian Content Development and Monitoring Board (NCDMB) [...]

NIGERIA Energy 04/10/2016

NPDC has big things in mind for its new headquarter

The production arm of NNPC, NPDC, has just started building a new headquarters in Benin City, capital of the oil [...]

Spotlight

NIGERIA Energy 04/10/2016

Others race to take Atlantic Energy’s place with NPDC

Yusuf Matashi, chief of NPDC, the production arm of NNPC, is being swamped with proposals to revive the "strategic alliance agreements" system. The accords in question, particularly opaque, enabled the national oil company to award acreage relinquished by majors to [. [...]

NIGERIA Energy 20/09/2016

Agbi brings in big corporate guns to conquer the Delta

Several Nigerian business veterans are seeking to raise cash for their new oil junior, Ambit Energy Corp. [...]

NIGERIA Energy 06/09/2016

NPDC fights for its life on former Shell blocks

Much favoured by former circles of ex-president Goodluck Jonathan, the NNPC affiliate must now fight to retain numerous assets under the new Buhari government. [...]

NIGERIA Energy 07/06/2016

Buhari uses EITI as new bludgeon against Jonathan

Nigeria’s current president can count on EITI to justify a probe into the conditions surrounding sales of oil blocks under the previous government. [...]

NIGERIA Energy 22/03/2016

Kachikwu names team to lay to rest the old NNPC

Nigerian state minister in charge of oil resources Emmanuel Ibe Kachikwu has begun a makeover of NNPC which is to [...]

NIGERIA Energy 13/10/2015

The legal headaches start for Alison-Madueke and cronies

President Goodluck Jonathan’s former petroleum resources minister is being targeted by a legal action in Britain. Her Nigerian friends are biting their fingernails. [...]

Spotlight

NIGERIA Energy 01/09/2015

Fresh team raring to go on the oil front

President Muhammadu Buhari’s first oil industry appointments in August targeted the management of NNPC and they ought to delight oil companies which had been waiting impatiently for changes at the top. The new executives, picked with their regional origins carefully [. [...]

NIGERIA Energy 02/06/2015

Madueke resolves thorny issues at last moment

Before leaving her job to a successor, Nigeria’s powerful petroleum resources minister snubbed her friends. Here’s why. [...]

GHANA NIGERIA TANZANIA Energy 03/03/2015

Heritage Oil makes most of its Qatari owner’s unlimited cash

The acquisition of Heritage last June by the Al Mirqab company owned by an ex-prime minister of Qatar has unleashed the Canadian explorer’s African ambitions. [...]

Receive free prompts for these topics

NIGERIA
Bello Rabiu
Diezani Alison-Madueke
Elcrest
Emmanuel Ibe Kachikwu
ENI
First Hydrocarbon Nigeria
Goodluck Jonathan
Heritage Oil/Shoreline
M.KBaru
Muhammadu Buhari
ND Western
Neconde Energy
Nigerian Petroleum Development Co
NNPC
Shell
Total

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Local oil firms declare war on NPDC

This article may be accessed by subscribers and e-wallet holders (USD 19.50)

2 options offered to continue reading

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Receive free prompts for these topics

Oil minister Sylva works behind scenes for quick sale of Shell, Exxon, Chevron, Total marginal fields

OML 29: Aiteo's Benedict Peters left in the lurch by IS45

After P&ID, Judge Ekwo to hear Rivers/Bayelsa battle for Shell's disputed Soku wells

NLNG Train 7 project saves Buhari's non-existent oil & gas record

ExxonMobil lays down plans to shed certain fields

Swap deals: Kachikwu's great refinery failure

Kachikwu's rush to find partners for gas flaring programme

Financier Michele Faissola teams up with Heritage Oil

Aiteo boss Benedict Peters steps up to handle crippling debt

Under pressure in delta, Buhari pushes forward with NLNG train 7

Shell makes ready to sell OML 25 all over again

Springfield uses extensive connections to get noticed by ENI

NLNG: pace picks up for future seventh train

French oil team to travel to lagos and abuja

Why does Aiteo need to hire Bruce Burrows?

Under pressure, the vice president turns on the charm in niger delta

NNPC hires top lawyer to thwart Exxon & Shell

How Buhari hands NNPC's crude to those in his debt

New president has some energy promises to keep

How India plans to spend $15 billion on oil deals in Nigeria

Political standoff on Mambila hydropower project

Total and ENI trim their costs on block CI-100

Simbi Kesiye Wabote, a potential bugbear of ENI on OPL 245

NPDC has big things in mind for its new headquarter

Others race to take Atlantic Energy’s place with NPDC

Agbi brings in big corporate guns to conquer the Delta

NPDC fights for its life on former Shell blocks

Buhari uses EITI as new bludgeon against Jonathan

Kachikwu names team to lay to rest the old NNPC

The legal headaches start for Alison-Madueke and cronies

Fresh team raring to go on the oil front

Madueke resolves thorny issues at last moment

Heritage Oil makes most of its Qatari owner’s unlimited cash

Receive free prompts for these topics

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