Mismanagement plagues Niger Delta oil communities
Some Nigerian communities will never receive a “fair share” of the cash generated from oil and gas produced in their neighbourhoods, a report has warned.
Seven Energy
AIIM navigates Nigeria’s gas infrastructure challenge
The Nigerian economy has a gas distribution and power generation problem. African Infrastructure Investment Managers (AIIM) is playing a part to tackle this, through its investment alongside Savannah Petroleum in assets previously owned by Seven Energy.
Savannah sets out Nigeria plans for 2020
Savannah Petroleum expects to generate free cash flow of around $130 million per year from its recently acquired Nigerian assets, based on calculations from CGG Services.
Savannah completes Nigerian entry with Seven Energy
It has been a long time coming, but Savannah Petroleum has completed its acquisition of Seven Energy, broadening its focus from Nigerien exploration to including Nigerian production.
Nigerian investors get the jitters over energy debt
Nigerian financial and energy companies are finding it increasingly hard to get hold of foreign currency due to central bank restrictions and may struggle to repay their debts.