Petroleum

The High Court in London has delivered a significant ruling, establishing that Shell plc and its former Nigerian subsidiary must be held accountable for long-standing oil pollution in the Niger Delta. This decision signals not only a potential shift in legal precedents but also raises critical questions about corporate responsibility in environmental matters. In this instance, the Bille and Ogale communities in Rivers State have brought forth serious allegations. They assert that the infrastructure owned by Shell has led to…

In a recent pivot of policy, President Joseph Boakai’s choice to transfer complete ownership of four oil blocks to the National Oil Company of Liberia (NOCAL) has ignited a firestorm of criticism from industry experts. The decision, made without consulting the National Legislature, raises significant concerns about transparency and could potentially diminish investor confidence in Liberia's oil sector. This contentious move invites scrutiny. Critics question the implications of bypassing legislative input, suggesting that…

In a decisive move, President Bola Tinubu has announced the dissolution of the board of the Nigerian National Petroleum Company (NNPC). This sweeping change includes the removal of Group Chief Executive Officer Mele Kyari and board chairperson Pius Akinyelure, signaling a significant shift in Nigeria's approach to its vital petroleum sector. According to presidential spokesperson Bayo Onanuga, Tinubu’s actions affect all board members appointed alongside Akinyelure and Kyari back in November 2023. This board overhaul can be…

In a significant pivot, Dangote Refinery has announced a temporary halt to the sale of petroleum products in Naira. This decision appears to be a strategic move to sidestep the complexities arising from a disparity between revenues generated in Naira and the obligations tied to dollar-denominated purchases of crude oil, as reported by Premium Times. Without a doubt, this shift means that oil marketers will now be compelled to transact in dollars for crucial commodities, such as petrol and diesel. The implications are…

Renaissance: A New Chapter in Nigeria's Energy Sector The energy landscape in Nigeria is shifting dramatically, with Renaissance standing at the forefront of this transformation. A partnership forged among Aradel Holdings PLC and three other prominent Nigerian enterprises—each carved from the oil-rich terrains of the Niger Delta—constitutes Renaissance. This coalition includes ND Western Limited, FIRST Exploration and Petroleum Development Company Limited, and the Waltersmith Group, complemented by Petrolin, a globally…

South Sudan's Political Turmoil: Arrests and Accusations Imagine waking up one morning to find that the pillars of your nation’s oil production are suddenly hauled away, detained by the very forces supposed to protect them. Sound surreal? This is the stark reality currently unfolding in South Sudan, a nation perpetually teetering on the edge, now shaken by the arrest of its Petroleum Minister. This unsettling development fittingly follows the detainment of several military…

In a moment that could redefine Namibia's energy landscape, Gustos Energy has unveiled a substantial oil discovery off the country's coast. This find is not merely a drop in the ocean; rather, it solidifies the Orange Basin as a burgeoning hotspot for hydrocarbon exploration. As reports trickle in from the scene, there's an air of cautious optimism surrounding the implications of this mineral wealth. It's fascinating to witness how exploration efforts, which have unfolded over decades, have finally culminated in such a…

Amid growing discontent, activists have stepped forward, prominently featuring King Okabi from the Ogale community, urging an end to Shell's reckless pollution practices in the Niger Delta. As the legal battle commences between the Ogale and Bille communities and the oil giant, the call for accountability has never been louder. For over six decades, the Niger Delta has suffered under the weight of Shell's negligence. The company’s aging and poorly maintained pipelines have unleashed a torrent of environmental degradation,…

In a tragic turn of events, at least 86 lives have been claimed and countless others injured following the catastrophic explosion of a fuel tanker in Niger State, nestled in northern Nigeria. The heartbreaking reality is that most of the victims were local residents, drawn to the scene like moths to a flame, desperate to collect the spilled petrol. It’s a stark and grim reminder of the struggles faced by impoverished communities where the lure of potential profit outweighs the looming dangers, as authorities have reported.…

Nigeria is making strides toward revitalizing its Warri oil refinery, which has been dormant for nearly a decade due to a series of technical problems. The Warri Refinery, boasting an impressive capacity of 125,000 barrels per day, had faced prolonged closures as a result of aging infrastructure and a lack of crude oil supply. However, recent reports indicate that operations have recommenced, and the facility is currently functioning at about 60% of its capacity, as shared by Bayo Onanuga, spokesperson for the presidency.…