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Subsea

TechnipFMC sees at least $4.5bn worth of subsea opportunities in sub-Saharan Africa

TechnipFMC foresees between $4.5bn and $7bn of subsea opportunities in Angola, Nigeria, and Côte d'Ivoire over the coming 24 months, according to its latest earnings presentation.

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Upstream

Shell maintains pre-FID options worth 405,000 bpd offshore Nigeria

Shell still has four major pre-FID options to develop its reserves offshore Nigeria, according to the major’s latest quarterly presentation. These represents the biggest share of the company’s pre-FID options across its global upstream portfolio.

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Oil & Gas

EXCLUSIVE: Get to Know the Awardees of Nigeria's Latest Marginal Fields Bidding Round

In June, Nigeria held a grand ceremony in Abuja to unveil its Host Communities Development Regulations and Petroleum Prospecting Licences (PPLs) under its newly-adopted Petroleum Industry Act (PIA). And the winners are...

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Oil & Gas

Nigeria: renewal of six key deep-water PSCs paves way for fresh investments

NNPC Ltd has revealed that it has resolved disputes with several production sharing contractors in Nigeria and renewed the respective production sharing contracts (PSC) accordingly.

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M&A

Norway’s DNO enters Côte d’Ivoire’s as it looks for more African oil & gas deals

By acquiring Mondoil Enterprises in an all-share transaction, DNO gains a 33.33% indirect interest in Foxtrot International, operator of the producing block CI-27 and exploration block CI-12 in Côte d’Ivoire.

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Mining

New joint-venture incorporated to unlock Simandou iron ore blocks development in Guinea

The incorporation of the TransGuinean joint-venture follows the signing of a Framework Agreement in March 2022 to facilitate investment decisions for the co-financing and co-development of the project.

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Marginal Fields

Petralon 54 takes action to start production from the Dawes Island Field in Nigeria by the end of 2022

Petralon 54 Ltd, a subsidiary of Petralon Energy Ltd, is in active engagement with its host community in the Niger Delta and has commenced technical and operational activities to achieve production at the Dawes Island Field by the end of 2022, the company said.

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Côte d'Ivoire: Eni increases reserves at Baleine discovery by 25% with second successful well

Italian major Eni has announced the successful drilling and testing of the Baleine East-1X well within Block CI-802 offshore Côte d'Ivoire. This is the first well to be drilled in the block and targeting the Baleine structure discovered in 2021 in the adjacent Block CI-101.

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Infrastructure

Angolan Government awards concession tender for critical Lobito Corridor railway

The Angolan Transport Ministry has awarded the 30-year concession for rail services and logistics support over the Lobito Corridor to the consortium of Trafigura (49.5%), Mota-Engil (49.5%), and Vecturis (1%).

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Lekela Power sold in “Africa’s biggest renewable energy deal”

Actis and Mainstream Renewable Power have sold Lekela Power to the Infinity Group of Egypt and the Africa Finance Corporation (AFC).

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East Africa

Tanzania LNG: HGA expected in December 2022, FID in 2025

The Government of Tanzania signed a Framework Agreement with Equinor and Shell to support negotiations on the Tanzania Gas and LNG Project (TGP). The agreement marks another step towards the signing of the Host Government Agreement (HGA) expected before the end of 2022.

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Industrialisation

After Gabon, Togo, and Benin, Arise IIP sets its eyes on Congo-Brazzaville

Arise Integrated Industrial Platforms (IIP) has signed yesterday an MoU with the Ministry of International Cooperation and Public-Private Partnership Promotion of the Republic of Congo for the development of two new industrial zones in Pointe-Noire and Ouésso.