Nigerian Trader Sues Glencore Over Failed Payments for Sailors’ Release

[MYRE] SEADRIVER. Photo (c) MarineTraffic/

  By Javier Blas and Jesse Riseborough (Bloomberg) -- Glencore Plc is being sued by a former representative in Nigeria who says the commodities trader promised him $5 million to help free 15 Russian sailors detained on suspicion of smuggling guns. Og Amazu, owner of trader Amazoil Nigeria Ltd., says in a London lawsuit that Alex Beard, Glencore’s head of oil, … [Read more...]

Nigeria’s First Major Shipyard Project Receives $1.5 Billion Investment

Nigeria LNG subsidiary Bonny Gas LNG carriers in dry dock at Sobrena Shiprepair (currently Damen Shiprepair Brest). Photo: Damen

By Chijioke Ohuocha LAGOS, June 19 (Reuters) - Nigeria Liquefied Natural Gas Company (NLNG) is sponsoring the construction of the first major ship yard in Africa's biggest economy at the cost of $1.5 billion, in its attempt to turn the country into a hub for maritime operations on the continent. Nigeria is the world's eighth biggest crude producer and Africa's top oil … [Read more...]

Bourbon Offshore: Three Kidnapped from Crewboat Off Nigeria

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French offshore services provider Bourbon Offshore confirmed Monday that three crewmembers have been kidnapped one of its crewboats off the coast of Nigeria. In a statement, Bourbon said that three were kidnapped from the Surfer 1440 after it was boarded on the night of April 8th off the Nigerian coast. Bourbon says that it immediately activated an emergency unit in … [Read more...]

Nigeria Parliament Says Shell Should Pay $4 Billion for 2011 Bonga Oil Spill

BONGA FPSO SHELL

By Abraham Terngu ABUJA, Nov 26 (Reuters) - Nigeria's National Assembly said on Wednesday oil major Shell should pay $3.96 billion for a 2011 spill at its offshore Bonga oilfield in the latest assessment of damage to the environment. The non-binding decision comes after years of analysis by various Nigerian state agencies, which have proposed a range of fines as high as … [Read more...]

Pirates Launch Deadly Niger Delta Attacks

Niger Delta. Photo credit: NASA

YENAGOA, Nigeria, Oct 27 (Reuters) - Pirates have launched a spate of attacks in the creeks of Nigeria's oil-producing Niger Delta region since last Thursday, killing three policemen and abducting at least nine people, security officials said. Most of those kidnapped were local workers in Africa's biggest oil industry, where piracy in the surrounding waterways and seas is on … [Read more...]

Ebola Virus Hits Bourbon’s First-Half Results

File photo courtesy Bourbon Offshore

BY Tara Patel Sept. 3 (Bloomberg) -- The deadly Ebola outbreak in Nigeria is affecting Bourbon SA’s operations, the supplier of ships and crew to energy producers said after reporting it swung to a loss in the first half partly on industry cost cutting. “The mobility of our vessels coming from Nigeria has been restricted by some countries,” Chief Executive Officer … [Read more...]

Doctor Dies of Ebola In Nigeria’s Oil Hub Port Harcourt

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By Tim Cocks and Julia Payne LAGOS/LONDON, Aug 28 (Reuters) - A doctor in Nigeria's oil hub of Port Harcourt has died from Ebola after treating a contact of a Liberian-American man who was the first recorded case of the virus in Africa's most populous country, the Health Ministry said on Thursday. Health Minister Onyebuchi Chukwu said in a statement that the doctor fell … [Read more...]