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

SAO TOME & PRINCIPE: TotalEnergies Acquires an Offshore Exploration License

TotalEnergies has signed an agreement to acquire a 60% interest and operatorship in Block STP02, offshore Sao Tome and Principe, from the Agência Nacional do Petroléo de S. Tomé e Principé (ANP-STP). The … Read More

SENEGAL: Woodside achieves first oil at Sangomar

Woodside has achieved first oil from the Sangomar field offshore Senegal, marking the safe deliveryof the country’s first offshore oil project. The Sangomar Field Development Phase 1 is a deepwater … Read More