Afreximbank launches US$3 Billion Revolving Intra-African Oil Import Financing Programme

To address Africa’s persistent reliance on imported refined petroleum products, which accounted for an amount of US$30billion annually in petroleum import costs due to inadequate refining, African Export-Import Bank (Afreximbank) … Read More

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