Power Plays

Presidential Magic

By May 29, 2015 when the Goodluck Jonathan administration expired, fuel queues had returned and people feared the worst for Buhari's first few months in office. The people groaned under the last bits of Jonathan's rule as Nigeria was slowly being brought to its knees by fuel importers (more…)

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National Assembly urged to review Petroleum Industry Bill

Some experts in the Nigerian oil and gas industry on Monday called on the leadership of the new National Assembly to review the Petroleum Industry Bill (PIB) passed by the 7th House of Representatives. Read more

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Oil Glut: Crude Differential Hits 10-year Low

As the nagging oversupply of physical oil takes its toll, official prices for Nigerian crude have hit their lowest in at least a decade. The Nigerian National Petroleum Corp (NNPC) lowered the official selling price for its largest crude oil stream Read more

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High-Wire Diplomacy?

Ms. Fatou Bensouda, the Chief Prosecutor of the International Criminal Court (ICC) in the Hague, Netherlands, in the run up to the 2015 elections, cautioned Nigerian politicians against inciting acts of violence. In an unprecedented move she issued what was a thinly veiled threat against perpetrators of crimes under the Rome Statue, which her establishment has jurisdiction over. (more…)

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Court rejects Agip’s objection in gas plant case against Arco

A Federal High Court in Port Harcourt, Rivers State, has rejected an argument by oil firm, Agip, questioning the court’s powers to hear a gas plant maintenance contracts suit, brought by a local company, Arco. Read more

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Termites in the House

The incoming All Progressives Congress (APC) Government has accused President Goodluck Ebele Jonathan of “defecating in the seat” he is vacating. This very graphic but unpalatable imagery used to describe the outgoing government is perhaps excessive and if one were to search for a more diplomatic way to cast it, it might go something like, “under Goodluck Ebele Jonathan’s watch, the structure of our economy got well and truly infected by

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Shell sues EFCC over $1.2m debt collection

Shell Nigeria Gas Limited has asked a Federal High Court in Lagos to declare that the Economic and Financial Crimes Commission, EFCC, lacks constitutional empowerment to collect debt on behalf of anyone. Read more

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Buhari’s Oil Policy To Focus First On Reform

President-elect Muhammadu Buhari plans to focus on ending corruption and reforming the Nigerian National Petroleum Corporation (NNPC) before looking into other reforms in the oil sector, it has emerged. Read more

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How Merger, Acquisition Options Strengthen Nigerian Content in Oil, Gas Sector

BARELY five years after passing the Nigerian content bill into law, the indigenous oil and gas firms across the value chain may have exhibited strong commitment to the sector via several prevailing investment strategies. As many independent operators gather momentum to hold enviable stakes in the nation's hydrocarbon wells, Read more

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IOCs Seek Fresh Negotiations with FG on Funding for Oil and Gas Projects

In a bid to address the shortfall in funding arising from the drop in the price of crude oil, the joint venture partners of the Nigerian National Petroleum Corporation (NNPC) have called for fresh negotiations with the federal government on the implementation of projects in the sector. Read more

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