Shell to pay $16m to Nigerian farmers over oil damage
A Dutch court ruled in 2021 that Shell’s Nigerian subsidiary was liable for damages resulting from the spills and ordered Shell to pay compensation in the long-running lawsuit brought by …
Nigeria to Open Bidding for Deep Offshore Oil Blocks
The Nigerian government has appointed a transaction adviser for the upcoming bid round of select acreages. The consultant, a subsurface evaluation service company named Petro-Vision, is involved in pre-Financial modelling …
Shell Emerges Best Local Content Operator
Shell Companies in Nigeria have been named the best local content operators at the 2022 annual industry dinner and awards ceremonies of the Petroleum Technology Association of Nigeria (PETAN) held …
A new era with Savannah Energy’s acquisition of ExxonMobil’s upstream and downstream assets in Chad and Cameroon
Savannah Energy announced the completion of its acquisition of ExxonMobil’s portfolio of upstream and downstream assets in Chad and Cameroon. The African Energy Chamber (AEC) supports the acquisition by Savannah …
Nigerian Gas Flare Programme: What if the Operator Stops Producing, Or the Field Just Shuts? – Africa’s premier report on the oil, gas and energy landscape.
“If you submitted a proposal/bid in the 2020 process, please go to the NGFCP portal and do the Status Validation process”, the regulator told a group of American companies at …
UTM Offshore to Set a Natural Gas Milestone with Nigeria’s First Floating Liquefied Natural Gas (FLNG) Facility
UTM Offshore will sign an agreement for the Front-End Engineering Design (FEED) for Nigeria’s first Floating Liquefied Natural Gas (FLNG) facility with engineering firms KBR, JGC Corporation and Technip Energies …
Shell Nigeria Receives Vice President @ProfOsinbajo
SNEPCo MD Elohor Aiboni receiving the Vice President @ProfOsinbajo, the outgoing #NESG Chairman, Mr Asue Ighodalo, with Shell Country Chair Osagie Okunbor, CEO Nigeria LNG Dr. Philip Mshelbila and the …
Afreximbank, BoI sign MoU to boost investments, trade
In a move to further boost trade and investment inflows into Nigeria, the African Export-Import Bank (Afreximbank) and the Bank of Industry (BOI) have signed a Memorandum of Understanding that will …
Addax Exits Four Oil Blocks, NNPC Takes Over Assets
The Nigerian National Petroleum Company Ltd announced on Tuesday that Sinopec’s Addax Petroleum Development (Nigeria) Ltd had exited and transferred four major oil mining blocks in Nigeria to the state-owned …
NUPRC Parleys IOCs in Quest to Raise Gas Production by 20%
In a bid to realise its mandate of creating an enabling environment that would lead to increasing Nigeria’s gas production by 20 per cent within this decade and by 50 …