15 results
- 31 Jan 2021
Standard Chartered Leads Trans-Niger Oil & Gas’s Acquisition of OML 17
Standard Chartered Bank acted as Global Co-Ordinator/Financial Advisor to Heirs Holdings Oil & Gas Limited (formerly Trans-Niger Oil & Gas Limited) on its acquisition of a 45% working…
- 2 Apr 2025
Shell, Renaissance Face Legal Action over SPDC Licence Transfer
A suit seeking to stop Shell Petroleum Development Company Limited’s deal transferring its mining licence to Renaissance African Energy Company Limited has been filed at the Federal High Court in…
- 25 May 2025
HEDA Sues FG, Oil Giants over Alleged Unlawful Oil Licence Transfer
Incorporated Trustees of HEDA Resource Centre have filed a lawsuit against the Federal Government, multinational oil companies, and Nigerian government agencies at the Federal High Court in Lagos,…
- 15 May 2017
Banks, IOCs in Trouble for Defrauding FG of $63Bn
The Senate is investigating some banks for alleged collusion with some international oil companies (IOCs) to defraud the country. It was alleged that over $63 billion had been taken out of the…
- 8 Sept 2020
EFCC Arraigns Etete’s Malabu Oil for Allegedly Cornering FG’s $401.5m Property
Economic and Financial Crimes Commission (EFCC), on Tuesday, re-arraigned Malabu Oil and Gas Limited on a fresh charge of money laundering. Malabu and Aliyu Abubakar, a businessman, were re-arraigned…
- 11 Mar 2019
SNEPCo’s Performance Excites Partners as Firm Publishes Deep-Water Journey
The government partner of the Shell Nigeria Exploration and Production Company (SNEPCo) has showered encomiums on the firm for its pioneering role in the deep-water sector of the Nigerian oil and gas…
- 24 Dec 2018
SPDC Announces FID on Assa North Gas Project
The Shell Petroleum Development Company of Nigeria Limited (SPDC) has announced the Final Investment Decision (FID) on the Assa North Gas Development Project in Imo State, a major momentum to the…
- 20 Sept 2020
Rivers State, Shell Inaugurate Cluster Development Board for Assa North Gas Project
The Rivers State government and the Shell Petroleum Development Company of Nigeria Limited (SPDC), energy company, recently inaugurated the Egi/Igburu Cluster Development Board (CDB) for pipeline…
- 10 Jul 2012
Standard Bank Group, JP Morgan Finance Acquisition of Oil Mining Lease
The Standard Bank Group and JP Morgan have provided instrumental support in financing the acquisition price of oil mining lease in Nigeria (OML 30). Standard Bank will further provide the permanent…
- 19 Oct 2009
Shell Pens Bonga North-West Flowline, Installation Contract
Shell Nigeria Exploration and Production Company (SNEPCo) has signed a contract with Saipem Contracting Nigeria Limited for the provision of crude oil flowlines and installation of other…
- 19 Mar 2018
Shell Debunks Amnesty Allegations on Spills Management in Niger Delta
Shell Petroleum Development Company of Nigeria Ltd (SPDC) has denied allegations of environmental mismanagement in the Niger Delta levelled against it at the weekend by Amnesty International,…
- 8 Mar 2020
FUTO Develops Indigenous Recycling Technology
The Federal University of Technology, Owerri, FUTO, says it has developed indigenous technology for recycling wastes into marketable and useful products. The institution’s Vice-Chancellor, VC,…
- 25 Mar 2019
Shell, UBA Ink $200m Contractor Support Fund
The Shell Petroleum Development Company of Nigeria Limited (SPDC) has upped its contractor support fund with $200 million in a latest effort to boost the financial capacity of vendors and suppliers…
- 29 Dec 2015
Bonga North West Project Wins Global Industry Awards
The Bonga North West deep-water development has won prestigious awards in the United States and Qatar. It was named Engineering Project of the Year 2015 at the Platts Global Energy Awards in New…
- 11 Feb 2015
Shell Restates Commitment to Bonga South West/Aparo Project
Shell Nigeria Exploration and Production Company Limited (SNEPCo) has restated its commitment to the implementation of the SNEPCO-operated Bonga South West/Aparo (BSWA) project, denying recent…