Nigeria: Shell Rules Out Force Majeure On Oil Export After Nembe Fire
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 Rises Amid Nigerian Oil Terminal Shutdown
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
Nigeria: Scores of People Believed Dead After Pipeline Explosion
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 Faces Trial In The Netherlands Over Nigeria Oil Block Deal
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
Nigeria: Fuel Import Drops As 26 Vessels Sail to Lagos Before Mid-March
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
Nigeria Says New Egina Production Is Not Part Of OPEC’s Cuts
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
Nigeria: Oil Sector Tops U.S.$218 Billion Illicit Financial Flows From Nigeria
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 target Shell over Nigeria oil deal
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 Buhari wins re-election, rival pursues fraud claim
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 Prepares for Daunting Second Term After Volatile Vote
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