NIGERIA: Aquaterra Energy Secures Well Intervention Contract with Intrepid Energy

Aquaterra Energy has secured a multi-million-dollar, multi-year contract with Intrepid Energy Limited (IEL) to deliver a bespoke subsea well intervention equipment package for a project in Nigeria. Aquaterra Energy’s turnkey well … Read More

Penspen to Deliver Feasibility Study Revalidation for Trans-Saharan Gas Pipeline Project

Penspen has been awarded a contract to provide a feasibility study update for the Trans-Saharan Gas Pipeline (TSGP), a landmark infrastructure project with the potential to transform African energy dynamics, … Read More

NIGERIA: President Tinubu Reconstitutes NNPC Limited Board, Appoints New Chairman, Group CEO

President Bola Ahmed Tinubu has approved a sweeping reconstitution of the Nigerian National Petroleum Company (NNPC) Limited board, removing the chairman, Chief Pius Akinyelure and the group chief executive officer, … Read More

Kenya to Launch its First Licensing Round by September 2025

Kenya has said that it will launch its First Licensing Round set by September 2025 after it restructured its petroleum exploration blocks to align with global best practices and its … Read More

Africa Energy Bank Gains Momentum with Capital Contributions from Nigeria, Angola and Ghana

 In a significant development for Africa’s energy sector, Nigeria, Angola and Ghana have fulfilled their capital commitments toward establishing the Africa Energy Bank (AEB). This milestone represents 44% of the … Read More

UGANDA/ TANZANIA: EACOP Announces the Closing of the First Financing Tranche for the East African Crude Oil Pipeline Project

EACOP Ltd., the company in charge of the construction and future operation of the East African Crude Oil Pipeline project from Kabaale in Uganda to Tanga in Tanzania, is pleased … Read More

Uganda Secures Mega Oil Refinery Deal With Alpha MBM Investments

On Saturday, 29th March 2025, Uganda signed a historic oil refinery agreement with Alpha MBM Investments LLC, a UAE-based firm, paving the way for the construction of a 60,000-barrel-per-day crude … Read More