Malabu Oil and Gas Limited has challenged the Federal Government’s claim of resolving the long-standing OPL 245 dispute and has issued a pre-action notice challenging any move to implement any ...

The suit was filed on Monday, May 25, 2026 by a team of lawyers led by R.O. Atabo (SAN). The long-running controversy surrounding Oil Prospecting License (OPL) 245 has resurfaced at the Federal High ...

Malabu Oil & Gas Ltd has filed a N1 trillion suit against the Federal Government seeking an order quashing the conversion of Oil Prospecting Licence (OPL) 245 to OML 245 by the federal government.

On a biting cold day in Milan in January, Ibrahim Ahmed, a Nigerian investigator, and Colonel Alessandro Ferri of Italy’s financial police, hustle into the city’s imposing, marble-­clad palace of ...

The long-drawn battle over Oil Prospecting Licence (OPL) 245 ended yesterday. President Bola Ahmed Tinubu facilitated the truce, a development expected to unlock major deepwater investment and ...

HOUSTON, Oct. 29-- ChevronTexaco Corp. affiliate Star Ultra Deep Petroleum Ltd. found oil on its Nigerian deepwater Oil Prospecting License (OPL) 249. Its Nsiko-1 wildcat well, drilled to 13,968 ft TD ...

The Federal Government has broken up the controversial OPL 245 oil block into four new assets to be operated by Eni and Shell, in a move that could finally unlock one of Nigeria’s largest untapped ...

Eni has targeted recovery of nearly 560 million barrels of oil equivalent and to deliver production of about 150,000 barrels per day, from its OPL 245 block as it targets first production by 2029. The ...

ChevronTexaco's affiliate, Star Ultra Deep Petroleum Ltd. (Star Ultra Deep), revealed a significant oil discovery on its Nigeria deepwater Oil Prospecting License (OPL) 249. Star Ultra Deep is 100 ...

Sahara Group’s Up stream Company said it is making good progress with its activities in oil prospecting lease (OPL) 274, an asset it has a 100 per cent working interest. It is also pressing forward to ...

A Federal High Court in Port Harcourt, Rivers State, has dismissed an application by China National Petroleum Corporation seeking to set aside a $100 million judgement awarded to Cutra International ...