NIGERIA: Shelf Drilling Secures a Contract for the Shelf Drilling Mentor & Shelf Drilling Achiever

Shelf Drilling, has announced today new awards for two jack-up rigs in West Africa. Shelf Drilling has secured a contract for the Shelf Drilling Mentor covering 10 wells and an … Read More

United States & Ghana Nuclear Firms Sign Landmark Commercial Agreement for Small Modular Reactor Project

At the U.S.-Africa Nuclear Energy Summit in Nairobi, Under Secretary of State for Arms Control and International Security Bonnie Jenkins, joined by U.S. Department of Energy Deputy Assistant Secretary Aleshia … Read More

African Energy Chamber (AEC) Endorses Oando’s $783M Acquisition of Nigerian Agip Oil Company

Nigerian energy company Oando PLC has successfully completed its acquisition of 100% of the shareholding interest in the Nigerian Agip Oil Company (NAOC) from Italian multinational Eni. As the voice … Read More

NIGERIA: Africa Finance Corporation (AFC) Supports Africa’s Largest Methanol Plant, Transforming Flared Gas into Valuable Resource

Africa Finance Corporation (AFC) is arranging a project development facility to support Africa’s largest gas-to-methanol plant, with the aim of significantly reducing CO2 emissions by offsetting flaring of natural gas … Read More

NIGERIA: Afreximbank Facilitates US$650M Financing for Oando’s Acquisition of Nigerian Agip Oil Company Limited’s (NAOC’s) 20% Interest

African Export-Import Bank (Afreximbank) has successfully arranged a senior US$500-million and a junior US$150-million reserve-based lending facility for Oando Petroleum and Natural Gas Company Limited. The facility was used to … Read More

Equatorial Guinea, Nigeria Sign Gulf of Guinea Gas Pipeline Agreement, Signaling New Era of Bilateral Cooperation

 In a move set to strengthen bilateral cooperation in West Africa, Equatorial Guinea and Nigeria have signed an agreement for the construction of the Gulf of Guinea Gas Pipeline Project. … Read More

Acquisition Approval Delays: The Wrong Look for Nigeria 

By NJ Ayuk, Executive Chairman, African Energy Chamber The Nigerian government needs to step up its game regarding approvals for indigenous companies acquiring in-country foreign energy assets. The negative consequences … Read More