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Oil & Gas Sub-Saharan Africa
AFC closes $1.16bn syndicated loan, Africa
Africa Finance Corporation has closed its largest debt facility – a $1.16 billion syndicated loan – drawing in lenders from the Middle East, Europe and Asia to develop critical infrastructure projects in Africa
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Oil & Gas Sub-Saharan Africa
Nigeria approves infra development fund
Nigerian president Bola Tinubu has approved the Renewed Hope Infrastructure Development Fund to invest in critical national projects across Nigeria and stimulate foreign direct investment
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Oil & Gas Sub-Saharan Africa
Vaalco progresses Equatorial Guinea oil project
Vaalco Energy said Monday that the government of Equatorial Guinea has approved the joint operating agreement related to the Venus-Block P plan of development
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Oil & Gas MENA
QatarEnergy charters LNG shipping
QatarEnergy has signed time-charter party agreements with Qatar Gas Transport Company – Nakilat – for the operation of 25 conventional-size LNG vessels
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Oil & Gas MENA
Adnoc signs second LNG for Ruwais project
Adnoc this week has signed a 15-years head of agreement with SEFE Securing Energy for Europe for the delivery of 1mmtpa of liquefied natural gas LNG
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Oil & Gas Sub-Saharan Africa
Nigeria-Morocco pipeline – FID for Dec 2024
A final investment decision on the $25 billion Nigeria-Morocco gas pipeline project will be taken in December 2024
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Oil & Gas Sub-Saharan Africa
Savannah Energy takes full control of Stubb Creek field
Savannah Energy has signed Share Purchase Agreements with Sinopec International Petroleum Exploration and Production Corporation and Jagal Ventures to acquire all outstanding share capital in SIPEC Nigeria
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Oil & Gas Sub-Saharan Africa
Africa Oil looks to up stake in Impact O&G
Africa Oil has today made a cash offer to acquire up to 8% of Impact Oil and Gas from minority shareholders
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Oil & Gas Sub-Saharan Africa
KBR awarded Angolan Lobito refinery contract
KBR has been awarded a project management contract by Sonangol for the design and construction of a new 200,000bpd refinery in Lobito, Angola
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Oil & Gas MENA
Adnoc issues early EPC award for Ruwais LNG project to Technip JV
A Technip Energies-led joint venture has been awarded a limited notice to proceed for early engineering, procurement and construction activities for a liquefied natural gas project in Al Ruwais Industrial City, Abu Dhabi, by the Abu Dhabi National Oil Company
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Oil & Gas MENA
BP, Adnoc’s NewMed deal on hold
NewMed Energy said Wednesday that an offer by Abu Dhabi National Oil Company and BP to acquire a 50% stake has been put on hold
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Oil & Gas Sub-Saharan Africa
Somalia, Türkiye sign O&G deal
Somalia has signed an oil and gas cooperation deal with Türkiye
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Oil & Gas MENA
PIF takes additional stake in Aramco
The Saudi Public Investment Fund has taken an 8% stake in Saudi Aramco
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Oil & Gas Sub-Saharan Africa
IJGlobal Awards 2023 – Africa Deal Winners
The massed infrastructure and energy community gathered in London this evening to attend IJGlobal Awards 2023, celebrating the successes of the last calendar year for deals closed across Europe and Africa
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Oil & Gas Sub-Saharan Africa
TotalEnergies, QatarEnergy take stake in SA Block 3B/4B
TotalEnergies and QatarEnergy have signed a joint agreement to acquire from 3 vendors a participating interest in Block 3B/4B, offshore South Africa
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Oil & Gas Sub-Saharan Africa
Bowmans expands into Namibia
South African law firm Bowmans has expanded its African footprint, partnering with Namibian law firm Koep & Partners to establish a presence in the southern African country
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Oil & Gas MENA
SNB Capital launches oil and gas fund
Saudi manager SNB Capital – through its Dubai-based subsidiary – has raised $230 million for a Sharia-compliant oil and gas fund
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Oil & Gas Sub-Saharan Africa
88 Energy buys into Namibian Pel 93 license
88 Energy has taken a 20% stake in the petroleum exploration licence 93 located in the Owambo Basin, Namibia