by Simon Kolawole I need your help please. At the annual Nigerian jamboree to the Offshore Technology Conference (OTC) in Houston, Texas, Dr. Ibe Kachikwu, the minister of state for petroleum resources, told a “world press conference” on May 5, 2017 that Nigeria’s refineries would soon have new investors. He said 26 investors had indicated... Read More

Opinion

Buhari, Eni, Governance, nigeria, northern elders, Oando PLC, Politics, simon kolawole, transparency

April 12, 2017

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The BBC report on the Malabu oil deal that everyone is talking about (WATCH)

by Dolapo Adelana The Malabu oil deal, one of the biggest scams perpetrated by state actors is one that may not leave our consciousness anytime soon. Accusations and counter accusations have flown in from different quarters. Three former presidents – Olusegun Obasanjo, Late Umaru Musa Yar’Adua and Goodluck Jonathan have all been linked to the... Read More

The News Blog

BBC report, Eni, Goodluck Jonathan, malabu oil deal, OPL 245, Shell

March 17, 2017

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BREAKING: Court returns OPL 245 to Shell, ENI in Malabu scandal

by Dolapo Adelana A Federal High Court sitting in Abuja has returned one of Nigeria’s richest oil blocks, OPL 245 to Shell and ENI, Premium Times reports. The court on Friday reversed its January 26 order where it retrieve the ownership of the oil block from the multinational companies based on a motion by the... Read More

The News Blog

Eni, Justice John Tsoho, Malabu Scandal, OPL 245, Shell

January 10, 2017

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I didn’t receive kickbacks from Malabu deal – Jonathan

Former President Goodluck Jonathan has refuted allegations that he received kickbacks from the $1.3 billion Malabu Oil transaction during his tenure. Jonathan in a statement by his spokesperson, Ikechukwu Eze on Tuesday said he had no secret meeting with parties involved in the deal. He also denied sending any Abubakar Aliyu to receive kickbacks on... Read More

The News Blog

$1.3 billion, Eni, Goodluck Jonathan, malabu oil, Royal Dutch Shell

June 18, 2016

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Military averts oil pipeline attack, 19 militants arrested

Nigerian military, on Friday, announced that it has apprehended 19 suspected oil militants as they tried to blow up an oil pipeline. According to a statement issued by the Coordinator of Joint Media Campaign Centre, Colonel Isa Ado, the militants were about to blow up an oil pipeline operated by the Nigerian subsidiary of Italy’s... Read More

The News Blog

Attack, Bayelsa, delat state, Eni, Jamaica, Militants, nigeria, pipeline

May 25, 2016

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Now Agip too has stopped producing oil in Bayelsa

by Chi Ibe Eni, parent company of Nigerian Agip Oil Company (NAOC), has now joined Shell Petroleum and ExxonMobil in declaring force majeure on oil exports from the Brass Oil Export Terminal off Bayelsa shoreline. Force majeure removes from companies from liabilities of contractual obligations due to factors outside its control. Earlier, Shell and ExxonMobil temporarily halted... Read More

The News Blog

Agip, Eni, force majeure, mobil, Nembe Creek, Niger Delta, Oil, Shell

August 27, 2014

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Shell cashes out, sells four major oil fields to Nigerian firms

by Kolapo Olapoju On Wednesday, 27 August, oil and gas company, Royal Dutch Shell announced that it has sold four oil fields it owns in Nigeria, as part of its global assets sale, in a bid to cut costs. A shell spokesman said, “We have signed sales & purchase agreements for some of the Oil Mining... Read More

The News Blog

Chevron, Eni, Financial Times, Nembe Creek, Niger Delta, nigeria, Oil Mining Licence, Royal Dutch Shell, Shell, Total, Trunk Line

November 18, 2012

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How to do an oil deal in Nigeria: A tale of middlemen and millions

by Steve LeVine There are always are middlemen, multi-million-dollar fees, meetings in luxury European hotels, and hijinx, because at least one of the parties is usually rough around the edges. Suppose you want to do an oil deal—a colossal one—in Nigeria. One person you might think of engaging is a Russian middleman named Ednan Agaev,... Read More

Daniel Etete, Ednan Agaev, Eni, Federal Government, Mohammed Abacha, Mohammed Adoke, New York Supreme Court, nigeria, olusegun obasanjo, Sani Abacha, Shell petroleum

September 25, 2012

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Wow! Oil companies owe Nigeria N1.57 trillion, greater than our capital budget

by Stanley Azuakola On Friday, the Country Chair of Shell in Nigeria, Mutiu Sunmonu expressed his dissatisfaction with the current Petroleum Industry Bill before the National Assembly. But before he goes about lamenting the bill, we wonder what his opinion is about revelations from the Nigeria Extractive Industries Transparency Initiative (NEITI), which audits the oil... Read More

Addax and ConocoPhilips, Chevron, Conoil, Eni, ExxonMobil, Mutiu Sunmonu, NEITI, nnpc, Ogbonnaya Orji, Shell, Total

Simon Kolawole: What happened to transparency?

The BBC report on the Malabu oil deal that everyone is talking about (WATCH)

BREAKING: Court returns OPL 245 to Shell, ENI in Malabu scandal

I didn’t receive kickbacks from Malabu deal – Jonathan

Military averts oil pipeline attack, 19 militants arrested

Now Agip too has stopped producing oil in Bayelsa

Shell cashes out, sells four major oil fields to Nigerian firms

How to do an oil deal in Nigeria: A tale of middlemen and millions

Wow! Oil companies owe Nigeria N1.57 trillion, greater than our capital budget

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