Africa Oil Announces Increase in Its Impact Oil & Gas Shareholding
Africa Oil has provided an update on the offer to minority shareholders in Impact Oil & Gas Limited announced on March 18, 2024. Africa Oil made the Offer to acquire … 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
MOZAMBIQUE: Coral Sul FLNG Achieves 5 million Tons of LNG production
Eni, as the Delegated Operator of Area 4, on behalf of its Area 4 partners namely ExxonMobil, CNPC, GALP, KOGAS and ENH, celebrates today the achievement of 5 million tons … Read More
Innovative Financing and Policy Support: Accelerating Renewable Energy Development in Africa
By Ana Hajduka, founder and CEO of Africa GreenCo. As Africa’s energy sector deregulates, exciting opportunities open up for financial innovation to benefit consumers. Private-sector buyers and traders can mitigate … Read More
Deliver Energy Before The ‘Just Transition’
By Lamé Verre, Fellow of the Energy Institute | Member of the Global Future Council on Energy Transition at The World Economic Forum Introduction In Africa, with a young demographic, a … 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
SOUTH SUDAN: PETRONAS Withdraws from 3 Blocks
PETRONAS’ subsidiary, PETRONAS Carigali Nile Limited (PCNL) has announced the withdrawal of its operations in the Republic of South Sudan (RSS). The decision was made following a two-year period of … 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
SOUTH AFRICA/ NAMIBIA: Eco Atlantic Reports Transaction with Africa Oil Corp
Eco (Atlantic) Oil & Gas has announced it has signed an Assignment and Share Cancellation Agreement with Azinam Limited, Eco’s wholly owned subsidiary, Africa Oil Corp. pursuant to which Azinam has agreed to … Read More
GABON: BW Energy Provides Q2 2024 Trading Update
BW Energy will publish financial figures for the second quarter and first half year of 2024 on Thursday, 29 August 2024. Net production to BW Energy was 2.14 million barrels … Read More
