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

IVORY COAST: FPSO Petrojarl Kong and FSO Yamoussoukro ready to leave for Phase 2 of Baleine project

 Eni announces that the naming ceremony of the Floating Production, Storage and Offloading Unit (FPSO) Petrojarl Kong and the Floating Storage and Offloading Unit (FSO) Yamoussoukro was held today in … Read More

NIGERIA: Eni receives consent from NUPRC to the Sale of NAOC to OANDO

 Eni has received formal consent from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) for the sale of NAOC Ltd to Oando Plc. Having already obtained all other relevant local and regulatory authorities’ … Read More