News & Analysis as of

Oil & Gas Nigeria

Morrison & Foerster LLP

The Federal Republic of Nigeria v P&ID – Renewed scrutiny of IA

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On 23 October 2023, the English Commercial Court published its much-anticipated judgment in The Federal Republic of Nigeria v Process & Industrial Developments Limited [2023] EWHC 2638 (Comm). The Court found in favour of the...more

Bracewell LLP

Rethinking Safeguards in Arbitration?

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In The Federal Republic of Nigeria v Process & Industrial Developments Limited [2023] EWHC 2638 (Comm) the Commercial Court determined that arbitration awards against Nigeria had been obtained by fraud and were contrary to...more

Morgan Lewis

Nigeria Overhauls Its Oil and Gas Laws with Petroleum Industry Act

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With more than 300 sections across five chapters and an additional eight schedules, Nigeria’s Petroleum Industry Act (the PIA), which was passed on August 16, 2021, repeals all previous laws related to oil and gas....more

White & Case LLP

African M&A stages a comeback

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Last year was a challenging one for M&A in Africa, with both deal value and volume dropping to their lowest figures on record. Yet 2021 has shown signs of a resurgence, with H1’s total of 87 deals marking a 15% increase...more

Hogan Lovells

Okpabi decision: Supreme Court shows the difficulty UK domiciled parent companies have avoiding foreign claimants suing in England

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In Okpabi & Others v Royal Dutch Shell & Another the Supreme Court has applied the principles around parent company liability it set out in Lungowe v Vedanta Resources Plc, to hold that a claim against an English domiciled...more

Bracewell LLP

Nigeria's upstream petroleum sector: looking back at 2020 and looking ahead in 2021

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We review what happened in Nigeria’s upstream petroleum sector during the previous year – a year that saw a new marginal field bid round, an oil price crash and the onset of a terrible global pandemic. We also consider what...more

White & Case LLP

Africa Focus: Autumn 2020 - Nigeria’s LNG Train 7 project breaks new ground

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A US$3 billion financing amid a volatile market shows oil & gas projects with strong fundamentals can continue to raise debt... In May 2020, during the most volatile period in the oil & gas sector in 40 years, Nigeria LNG...more

Bracewell LLP

Nigerian Marginal Fields: New Bid Round and New Guidelines

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Nigeria’s Department of Petroleum Resources (“DPR”) announced on 1 June 2020 the launch of a new marginal field bid round. Fifty-seven marginal fields have been made available, being a mix of onshore, swamp and...more

Hogan Lovells

Gas snippets

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Will Nigeria’s fresh look into gas flaring, finally end it? At present, reports indicate that oil companies in Nigeria produce over four billion standard cubic feet (scf) of gas daily, of which about 700 million scf are...more

White & Case LLP

African M&A dips slightly in 2018 but some regions are bucking the trend, While dealmaking value was marginally down year on year,...

White & Case LLP on

M&A in Africa totaled US$21.1 billion in 2018, a slight drop compared to the US$22 billion recorded in 2017. Deal volume, however, fell more precipitously from 272 in 2017 to 206 in 2018. ...more

Hogan Lovells

Gas Snippets

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Seplat, NNPC to raise U$700m for gas plant due in 2020 - Seplat Petroleum Development and Nigeria’s State oil company will raise US$700 million for a joint gas project scheduled to start production next year as the...more

Thomas Fox - Compliance Evangelist

A New Legal Front Opens in the Fight Against Bribery and Corruption

It appears a new legal front may well open in the international fight against bribery and corruption as Dutch prosecutors have announced to Royal Dutch Shell PLC (Shell) that they are nearing the conclusion of an...more

Spilman Thomas & Battle, PLLC

Currents - Energy Industry Insights - October 2018 #4

The U.S. Supreme Court Slows Children's Climate Lawsuit - For Now - "In the latest step of a fascinating bit of constitutional law called Atmospheric Trust Litigation, the Chief Justice halted the District Court trial...more

Hogan Lovells

Gas Snippets

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Study initiated to assess conversion of Kelvin power station from coal to gas - US$1.3 million feasibility study has been initiated into the prospect of converting the coal-fired Kelvin power station, east of Johannesburg,...more

Akin Gump Strauss Hauer & Feld LLP

Project Finance: Structuring for Success

This Practice Note considers the meaning of the term “structure” in a project finance transaction and identifies the key issues that may inform the approach to structuring such a transaction. It explains a “plain vanilla”...more

A&O Shearman

No parent company duty of care for Niger Delta claims

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The Court of Appeal has ruled that the English courts do not have jurisdiction over claims by victims of oil leaks from pipelines in the Niger Delta. The judgment comes after the Lungowe & ors v Vedanta Resources Plc [2017]...more

Morrison & Foerster LLP

Top Ten International Anti-Corruption Developments for December 2017

In order to provide an overview for busy in-house counsel and compliance professionals, we summarize below some of the most important international anti-corruption developments from the past month, with links to primary...more

Gray Reed

2017’s Bad Guys in Energy

Gray Reed on

Once again we look back at the continuing cavalcade of crooks, criminals, miscreants and, to put it kindly, morons the less intellectually gifted, who met justice face-to-face in 2017. This year’s class includes a preacher,...more

Hogan Lovells

Resolving disputes arising out of supply chain disruption in Nigeria's oil and gas market

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In this hoganlovells.com interview, Hogan Lovells counsel Jerome Finnis discusses how disparate factors, such as force majeure events and changes in law, can provoke disruptions in Nigeria’s oil and gas supply chain. He also...more

Ballard Spahr LLP

Alleged Nigerian Oil Industry Corruption and Civil Forfeiture: More Extraterritorial Application of U.S. Law; More High-End Real...

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On Friday, the Department of Justice (“DOJ”) filed a civil forfeiture complaint in the Southern District of Texas seeking recovery of approximately $144 million in assets that allegedly represent the proceeds of foreign...more

Hogan Lovells

Africa's LNG Opportunity

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In November 2016, the U.S. government’s inter-agency Power Africa development initiative issued its third handbook entitled “Understanding Natural Gas and LNG Options” for the purpose of promoting a better understanding of...more

The Volkov Law Group

Dutch Prosecutors Record Shell CEO and Ensnare Shell in Nigeria Bribery Scandal

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A CEO never expects to be wiretapped. Let’s face it – a wiretap in the C-Suite is rare. Justice Department prosecutors have always looked for an opportunity. CEOs have loose lips and can suffer significant damage from...more

Bradley Arant Boult Cummings LLP

Toward Disclosure of Third-Party Litigation Funding in Class Actions

In January 2012, a natural gas-drilling rig exploded off the coast of Nigeria and burned for more than 40 days. Two years later, six Nigerians filed suit in the U.S. District Court for the Northern District of California...more

Carlton Fields

Nigerian Natural Gas Drilling Rig Explosion Class Action Blown Away

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The Northern District of California recently denied a motion for class certification in a case against Chevron Corporation connected to a 2012 explosion at a Nigerian natural gas drilling rig and the environmental impacts of...more

Thomas Fox - Compliance Evangelist

ENI Receives ISO 37001 Certification and ENI CEO Charged with Corruption

Today’s headline is inspired by two recent notices; the first is from a January 25 ENI Press Release crowing that “Eni is the first Italian company to receive that certification”. The second came from an article in the...more

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