16 results
- 5 Jul 2020
Reps to Grill Banks, Others over $30Bn Forex Racketeering
House of Representatives has summoned 24 banks and 14 oil companies over an alleged forex racketeering leading to an annual loss of over $30bn as revenue. The Joint House of Representatives Committee…
- 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…
- 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…
- 17 Jan 2021
Heirs Holdings Acquires 45% Per Cent of OML 17 from Shell, Total and ENI
Heirs Holdings (“HH”), the leading African strategic investor, in partnership with affiliated company Transnational Corporation of Nigeria Plc (“Transcorp”), Nigeria’s largest publicly listed…
- 22 Jan 2024
Heirs Energies Celebrates Third Anniversary with Significant Milestone in Production Growth
Heirs Energies, Africa’s foremost indigenous-owned integrated energy company, commemorated its three-year anniversary. In a short timescale, Heirs Energy has implemented a track record of significant…
- 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…
- 22 Jun 2022
Senate Probes Shell Over Alleged Joint Venture Breach
The Senate, on Wednesday, constituted an Ad-Hoc Committee to investigate Shell Petroleum Development Company (SPDC) over non-compliance with the Petroleum Act and breach of the Joint Venture…
- 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…
- 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 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…
- 30 Jul 2021
Shell Hires Standard Chartered for Sale of SPDC, Major Divestment in Nigeria
Royal Dutch Shell has launched a major divestment of its Nigerian assets, several sources familiar with the matter said. Shell has hired Standard Chartered to sell its Shell Petroleum Development…
- 18 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,…
- 18 Oct 2014
AMFacilities Releases World Facility Management Day 2014 Compendium
Nigeria’s leading Facilities Management Company, Alpha Mead Facilities Management & Services Limited, AMFacilities, has released the compendium of discussions at the 2014 Nigerian FM Roundtable.…
- 17 Feb 2021
Court Blocks Shell’s Accounts in 20 Banks over Alleged Oil Theft
A Federal High Court sitting in Ikoyi, Lagos has granted an interim injunction directing 20 commercial banks to freeze the accounts of Shell Petroleum Development Company of Nigeria Ltd (SPDC). This…
- 26 Feb 2015
Eunisell Trains Ammasco International in Kano
Eunisell Chemicals, Africa’s leading specialty fluids management company, is organising a 3-day training and workshop programme for Ammasco International Limited, an indigenous and independent…
- 13 Nov 2014
Courier Operators Want Separate Ministry from CommTech
Postal/courier sector in Nigeria has asked for own ministry citing multifaceted challenges facing the industry as well as some savings of over N300 billion for the nation’s economy, which is…