Category: West Africa

Royal Dutch Shell has disclosed that it does not have plans to declare force majeure on Bonny Light exports after a fire in an area around a key pipeline. A Continue Reading

Oil prices rose nearly 2 percent on Monday morning, on trade deal hopes and OPEC supply outages. One of the largest OPEC outages at the moment is the supply disruption Continue Reading

Scores of people are believed dead after a pipeline explosion in southern Nigeria, according to local officials. The Associated Press reported on Saturday that more than 50 people were missing, Continue Reading

Shell is facing prosecution from the Dutch authorities over its acquisition of an offshore oil and gas block in Nigeria a few years ago, Reuters reports. The Anglo-Dutch supermajor is already Continue Reading

Petroleum products imports into Nigeria, slumped as just one of the 26 vessels expected into the Lagos ports between now and March 11, is conveying premium motor spirit (PMS). Latest Continue Reading

Production from the recently launched Egina deepwater field would remain outside Nigeria’s commitment to stick to OPEC’s production cuts, according to state-held Nigerian National Petroleum Corporation (NNPC). “[I]t is not Continue Reading

The oil and gas sector of the Nigeria economy is responsible for 92.9 per cent of illicit financial flows (IFF) with over $217.7 billion said to have flowed out of Continue Reading

Dutch prosecutors are preparing criminal charges against Royal Dutch Shell over its $1.3 billion acquisition of Nigerian offshore oilfield OPL 245 in 2011. Shell said in a statement on its Continue Reading

Nigeria’s President Muhammadu Buhari comfortably won a second term at the helm of Africa’s largest economy, election authorities said on Wednesday, but his main rival planned a fraud challenge after Continue Reading

Nigerian President Muhammadu Buhari has secured a second term helming Africa’s largest economy and top oil producer, but the former general now faces a dizzying array of challenges including a Continue Reading

Supporters celebrate at Mr Buhari’s campaign headquarters in Abuja The runner-up in Nigeria’s presidential election has rejected the result as a “throwback to the jackboot era of military dictatorship”. Atiku Continue Reading

Muhammadu Buhari, Nigeria’s president, has won a second term in office with a lead of over three million over opposition candidate Atiku Abubakar, who made some bold promises on the Continue Reading

The fear that militancy in the oil-rich Niger Delta could revive after the re-election of Nigeria’s President Muhammadu Buhari, can be addressed if the Federal Government sustains its engagement with Continue Reading

Royal Dutch Shell yesterday disclosed that the federal government’s recent claims that it owed Nigeria billions of dollars of unpaid oil and gas-related taxes could delay the development of its Continue Reading

Nigeria seeking nearly US$20 billion from international oil majors in back taxes could delay the approval of a major offshore oil project, Shell’s Upstream Director Andy Brown told Reuters on Continue Reading

With Nigeria relying heavily on oil as its main source of revenue, the recent move by Organization of the Petroleum Exporting Countries (OPEC) to cut down daily oil production of Continue Reading

As many as 39 people were killed in election violence so far in Nigeria, civil society groups said on Sunday, as the country awaits the results of voting in what Continue Reading

Nigeria’s two main presidential candidates urged the public to vote in a pivotal election on Saturday as they tried to avert a slump in turnout after a week-long delay to Continue Reading

Nigerian president Muhammadu Buhari casts his vote at a polling station in Daura, Katsina State Nigerians are finally going to the polls for the country’s general election following a last-minute Continue Reading

A High Court in London, headed by Justice Andrew Burrows, has granted Nigeria’s plea to allow it proceed with the trial of JPMorgan Chase. The bank is alleged to have Continue Reading

Nigeria could start reducing its crude oil production in line with the OPEC-wide output cut agreed last December, President Muhammadu Buhari said as quoted by Nigeria media, speaking to a Continue Reading

The Nigerian government has ordered a number of non-Nigerian oil and gas companies to pay nearly $20 billion in taxes. Reuters news agency reported Thursday that the move could deter Continue Reading

As Nigeria continues to clamp down on tax defaulters, it has ordered some foreign oil and gas companies to pay nearly $20 billion in taxes owed to states, industries and Continue Reading

A surprise one-week delay in Nigeria’s presidential election, now set for Saturday, has further complicated a fractious contest, bringing new fraud accusations, fresh fears of post-election violence, and disruptions that Continue Reading

President Muhammadu Buhari on Wednesday in Abuja pledged the cooperation of Nigeria to the effort of oil-producing nations to reduce output to attract higher prices in the global market. A Continue Reading

ABUJA (Reuters) – Politicians and voters across Nigeria expressed dismay and disappointment on Saturday after a national election was postponed hours before polls were due to open, with one opposition Continue Reading

The Nigerian Navy (NN) says it has destroyed no fewer than 637 illegal refineries in the Niger Delta in 2018, through “Operation River Sweep”.  The Chief of Naval Staff, Ibok-Ete Ibas, Continue Reading

The Niger Delta Avengers (NDA)—the militant group responsible for most of the attacks on Nigeria’s oil infrastructure in 2016— resurfaced days before the Nigerian presidential elections this weekend, saying that Continue Reading

Shell Nigeria Exploration and Production Company (SNEPCo) has announced the release of Invitation to Tender (ITT) to contractors for the development of the Bonga South West Aparo (BSWA) oil field. Continue Reading

Nigeria’s state-owned refinery in Kaduna, a rusted hulk set on about three square kilometres on the parched outskirts of the northern city, has the capacity to process 110,000 barrels of Continue Reading

Global discoveries of conventional oil and gas could jump to 20 billion barrels of oil equivalent this year as an industry-wide recovery in exploration activity continues to ramp up, research Continue Reading

Federal Government has been accused of failing to show the necessary commitment needed to end gas flaring in the Nigerian petroleum industry. This was the view of former Chairman of Continue Reading

The loss from oil thefts imperils the country’s economy A new report on the protracted practice of crude oil theft in Nigeria has disclosed that amongst those involved in the Continue Reading

The Nigerian Customs Service (NCS) cumbersome documentation process may have delayed about 25 vessels currently stuck on the Lagos high sea, laden with petroleum products, and other goods waiting to Continue Reading

Dangote Petroleum Refinery will create $11billion per annum market for Nigerian crude because it is designed for 100 per cent Nigerian crude with flexibility to process others and it will Continue Reading

France’s Total will officially endorse a decision to proceed with the development of a new project offshore Nigeria, the Ikike project, Patrick Pouyanné, the chief executive of the oil and Continue Reading

Country loses estimated N995.2bn annually A new report on the age-long crude oil theft in Nigeria has revealed how International Oil Companies (IOCs) in the Niger Delta region steal and Continue Reading

Nigeria ranks among the top 10 cheapest petrol selling countries in the world, a policy group has revealed in its latest report. In its report released on 15 January, the Continue Reading

Nigerian presidential hopeful Atiku Abubakar on Wednesday branded the state-run oil company a “mafia organisation” and pledged to privatise it if he is elected. Abubakar said he had tried to Continue Reading

The Nigerian National Petroleum Corporation (NNPC), bemoaned the rising incidents of pipeline vandalism across the country, stating that in October 2018, its pipeline network suffered a 42.9 per cent increase Continue Reading

The Dangote Oil Refining Company (DORC) Limited, said it took delivery of one of the major components of its refinery equipment; the regenerator for the residual Fluid Catalytic Cracker last Continue Reading

The United Nations says Nigeria lost an estimated 2.8 billion dollars in revenues in 2018, mainly due to oil-related crimes. This is according to a new ‘Report by the Secretary-General Continue Reading

Chineme Okafor reviews a new report that revealed that Nigeria’s petroleum products pipelines are in a state of disrepair and need to be fixed or replaced The outcome of a Continue Reading

Suspected militants may have renewed hostilities against oil companies operating in the Niger Delta. For example, a group yesterday claimed it was behind the attack on an oil pipeline at Continue Reading

The federal government will spend over N3 billion on fuel, generators and plants across 602 ministries, departments and agencies this year. These figures do not include money voted by the Continue Reading

Egina field to push output by 10% in 2019 Energy bill key to sector’s renaissance Fiscal, militancy challenge ahead of elections London — Nigeria’s oil sector is in urgent need Continue Reading