Legal & Regulatory

Court grants NIMASA rights to collect fees from drilling operations

Jul 15, 2019

The Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside, has commended the judgement of the Federal High Court in the case involving Seadrill Mobile Unit Nigeria Limited and the Federal Ministry of Transportation (FMOT), which affirmed NIMASA right to collect fees from drilling operations. NIMASA was later joined as a necessary…

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DPR seals 3 fuel stations in Benue

Jul 11, 2019

The Department of Petroleum Resources (DPR) in Benue State on Wednesday sealed three petrol filling stations for under dispensing, poor sanitation and wrong metering. Daily Trust reports that the stations include, Prime Power Nigeria Limited along Naka road, Conoil on Hospital road and Total along Kashim Ibrahim road, all in Makurdi metropolis. DPR’s State Controller,…

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NNPC to expand engagement with NASS for quick passage of oil sector bills – Mele Kyari

Jul 11, 2019

The Nigerian National Petroleum Corporation is set for a new era of robust engagement with the National Assembly to ensure speedy passage of laws related to the Oil and Gas Industry for enhanced performance. A press release by the NNPC Group General Manager, Group Public Affairs Division, Mr. Ndu Ughamadu, stated that the new Group…

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DPR seals several LPG stations in Lagos

Jul 7, 2019

THE Department Of Petroleum Resources (DPR) on Thursday sealed two Liquefied Petroleum Gas (LPG) stations in Lagos safety reasons. The first was Petrocam in Ayobo, Alimosho Local Goverment Area of Lagos. It was totally sealed by DPR officials for allegedly operating without approval; operating in a residential area, and in a building under direct high…

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Ninth Assembly will pass Petroleum Industry Bill soon – New Senate President

Jul 7, 2019

The Senate President, Dr. Ahmad Lawan, has given an assurance that the age-long Petroleum Industry Governance Bill (PIGB) will be given priority by the Ninth National Assembly. He said necessary machinery has been set in motion towards ensuring passage of the contentious bill very shortly. Lawan, who made this disclosure while receiving in audience the…

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Shell tasks FG on PIB, other stakeholders on increased collaboration

Jul 4, 2019

The Managing Director, Shell Nigeria Exploration and Production Company, SNEPCo, Bayo Ojulari, has urged the Federal Government to pass the Petroleum Industry Bill (PIB), and address cost competitiveness challenges to aid investments flow into the oil and gas sector Just as Egina that was built by anotheroil major, Total, Ojulari noted that Bonga southwest Akparo…

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Update provided on SunTrust litigation

Jul 1, 2019

San Leon Energy plc (“San Leon” or the “Company”), the AIM listed oil and gas production and appraisal company focused on Africa, is pleased to provide an update on litigation with SunTrust Oil (“SunTrust”). On 09, 22 and 24 May 2018 the Company noted media articles in the Nigerian press in relation to purported claims…

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India’s ED attaches Indian firm’s oil rigs, oil field, ships in Nigeria

Jun 28, 2019

In a first, the Enforcement Directorate attached oil rigs and other oil installations outside the country after issuing a provisional attachment order against Sandesara group of companies on Wednesday. The agency attached the group’s assets worth over Rs 9,700 crore in Nigeria, including four oil rigs, an oil field, ships and aircraft. With this order,…

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SEC opposes Tinubu, deputy’s joinder in Oando suit

Jun 27, 2019

The Securities and Exchange Commission (SEC), through its lawyer, Chief Anthony Idigbe (SAN), has opposed an application for joinder, in a suit before a Federal High Court Lagos, by two chief executive officers of Oando Plc, seeking rights enforcement. The suit was filed by the Group Chief Executive Officer (GCEO) of Oando Plc, Mr Adewale…

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Court refuses to stop Aiteo’s renewal of OML 29 license

Jun 24, 2019

The Federal High Court sitting in Yenagoa on Monday declined an application to halt the renewal of oil mining lease (OML) 29 pending the determination of a suit by Nembe communities in Bayelsa. The communities are seeking an environmental audit of the impact of the oil field on the host communities and the implementation of…

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