Abubakar sells off Intels stake
Nigeria’s former vice president Atiku Abubakar has sold off his interest in Intels Nigeria, a logistics company, fuelling speculation of a run for the presidency in 2023.
Nigeria
Savannah cuts costs, tweaks gas sales deal
Savannah Energy has set out cost and capital expenditure cuts, while also revising a gas sales agreement in Nigeria with Lafarge Africa.
Seplat signs deal to supply Waltersmith refinery
Seplat Petroleum will supply crude to Waltersmith Petroman’s new modular refinery, cutting pipeline losses.
Exxon worker dies in Qua Iboe fire, force majeure declared
An ExxonMobil employee has died following a fire at the Qua Iboe Terminal in Nigeria.
Rethink Africa’s energy systems to empower women
Women-led SMEs across the continent depend on reliable and affordable energy but often lose out because of grid and centralised power problems. Instead of waiting for grid power, Salma Okonkwo argues, off-grid solar projects and mini grids offer a way forward.
Financial faith in Africa’s future
Access to capital is the major challenge facing sub-Saharan Africa’s energy sector.
AFC works on downstream opportunities
Africa Finance Corp. (AFC) is turning to opportunities in the downstream in an attempt to tackle the continent’s import problem.
Nigeria launches autogas push
Nigeria has launched a push to increase the use of autogas with a high-profile event in Abuja.
Nigeria’s power grid collapses
Nigeria’s power grid collapsed on November 29, operator Transmission Company of Nigeria (TCN) stated baldly.
Power choices and pricing in Africa
“Natural gas has a vital role to play alongside renewables” in Africa, African Infrastructure Investment Managers’ (AIIM) managing director Sola Lawson told Energy Voice.
Nigeria eyes product pipe from Niger refinery
Nigeria has signed a deal with neighbouring Niger on petroleum products transportation and storage.
Nigeria sets the pace for case against JP Morgan
Nigeria has won a pre-trial battle against JP Morgan, as the state tries to prove that the bank paid out the proceeds of a signature bonus improperly.
Transcorp buys Afam power
Transcorp has bought the Afam power plant in Rivers State, with capacity of 966 MW.
Fire strikes Oando tank farm in Lagos
Fire has engulfed a tank farm owned by Oando, the Lagos State Emergency Management Agency (Lasema) has reported.
NNPC, First reach oil at OMLs 83, 85
Nigerian National Petroleum Corp. (NNPC) and First E&P have reached first oil at OMLs 83 and 85.
Total trims spending on price volatility
Total has no clear view on prices in 2021 and is taking a cautious stance on spending plans, the company’s CFO Jean-Pierre Sbraire said after the company published its third quarter results.
Namcor on the acquisition path with Lekoil
Nigeria’s Lekoil has struck a strategic alliance agreement to find producing assets with Namibia’s state-owned Namcor.
Hoscon warns of militancy return in Niger Delta
The Host Communities of Nigeria (Hoscon) has called for the government to do more to help out the people in oil and gas producing areas, warning that it has stopped supporting a ceasefire agreement.
Tensions escalate in Nigeria over #endSARS protests
A Nigerian protest movement calling for changes to policing has received support from a group of Niger Delta militants, while coming under fire in Lagos.
Nigeria pays oil majors $3bn, moving closer to ending dues
Nigeria reimbursed oil companies including Exxon Mobil Corp. and Royal Dutch Shell Plc $3 billion, moving closer to clearing operating expense arrears owed since 2010.
ADM lines up Dubai financing for Africa opportunities
ADM Energy has signed a co-operation agreement with Dubai Bridge Investments to work together on upstream investments in sub-Saharan Africa.
Total launches Nigeria tenders
Total Exploration and Production Nigeria has issued a tender for onshore land rig services at OML 58.
Nigeria accused of ‘opaque deal’ with litigators on Eni-Shell lawsuit
Eni SpA is seeking documents from a US investment firm helping Nigeria sue it and Royal Dutch Shell Plc for more than $1 billion over an energy deal at the center of a criminal corruption trial.
Aveon launches deck module for Anyala
Aveon Offshore has announced the successful completion of work on the 350 tonne topside production deck module (PDM) for the Anyala field.
King Chrysaor, dratted imperialists, and five days of Forties at 50
In this week’s episode, in association with the ISA, the EV boys got under the skin of the week’s biggest slab of M&A news, which sees private-equity backed Chrysaor cement its position as the UKCS’s production King through a merger with Premier Oil.