And the winners are...
Nigeria finally awards Petroleum Prospecting Licences to new Marginal Fields awardees
On June 28th, 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).Read More
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.
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.
The Azito facility has been under expansion since 2019 under the Azito 4 project, which includes the new 180 MW gas turbine inaugurated in June 2022, and a 74 MW steam turbine.
Italian major Eni has announced the successful drilling and testing of the Baleine East-1X well within Block CI-802 offshore Côte d’Ivoire.
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.
The new EPSC signed in October 2022 for Block C8 provides for 30 months of studies and planning before submitting a development plan for the BirAllah gas field, where a final investment decision (FID) is now expected in the first half of 2025.
The American company will expand its gas pipeline network by 100km, build a 200 MMscf/d gas conditioning plant, and develop a natural gas liquids (NGLs) terminal in Takoradi.
The Shell Nigeria Exploration & Production Co. (SNEPCo) has issued the long-awaited pre-qualification documents for the Bonga North deep-water field development on OML 118 in Nigeria.
The Petroleum Directorate of Sierra Leone officially launched the country’s 5th Petroleum Licensing Round in London. In total, 63,643km2 of offshore acreage is up for grab across 56 graticular blocks of some 1,360km2 each.
AG&P has completed the conversion of the 84 MMscf/d modular floating storage and regasification unit (M-FSRU) that will deliver LNG to the 236 MW Karadeniz Powership Aysegul Sultan in the Port of Dakar.
Dangote Fertilizer's $2.5bn twin train facility produces urea and ammonia, and is located next to the 650,000 bpd Dangote refinery and petrochemicals complex, where operations are yet to start.
ANDRITZ will also modernise unit 2G5 at the 578.4 MW Jebba hydroelectric station in Nigeria, as part of a general rehabilitation programme at the facility.
The new discovery at Anchois-2 will help to expand the Anchois gas field and possibly expand the scale of its gas development in the future.
The Lagos Free Zone (LFZ) has officially signed earlier today a Gas Infrastructure Development Agreement with Optimera Energy FZE to develop its own gas distribution network. The new project gathers some of Nigeria’s leading gas players around a new venture committed to promoting gas-based industrialisation.
By securing an indirect interest in some of the country’s largest producing deep-water blocks in 2020, Africa Oil Corp. has shown the benefits that come with betting on Nigeria’s brownfield opportunities.
With the prices of petroleum products reaching historic highs this year, the country is faced with an increasing import bill that puts pressure on its ability to meet budget requirements.
TotalEnergies has announced during its Q1 2022 Results Call today that it will put up for sale its 10% interest in the Shell Petroleum Development Co. (SPDC) JV in Nigeria.
The Banda gas field could be commissioned as early as 2024 and would entail the production of natural gas, power, LNG and blue ammonia for the domestic and export markets.
The new service can transport over 100,000 people across the 36km between Dakar and Diamniadio, and currently counts 14 stations.
LAMATA has issued pre-qualification notice seeking private partners for Phase 2 of Lagos' Blue Line. The Blue Line counts 13 stations and will run on a 27km East-West axis from Badagry to Marina on Lagos Island. Its first phase is expected to start operations at the end of 2022.
During the second Intra-African Trade Fair in Durban, the Afreximbank signed a $50m term loan facility with Geometric Power for its Aba Integrated Power Project in Nigeria.
Lekela has signed a grant agreement with the U.S. DFC to fund a feasibility study for a 100 MW extension of its Parc Eolien Taiba N’Diaye (PETN).
The services and manufacturing sectors are performing better than expected. However, Nigeria's economy is still growing at a slower pace than its African neighbours and bold reforms are required to sustain growth in the medium-term.
Once completed, the new Donsin international airport will replace the current Ouagadougou-Taamsê International Airport.