Nigeria’s Dangote Refinery, the largest on the continent, is expected in October to seek to raise around $5 billion in Africa’s biggest IPO listing yet, after months of strong earnings, boosted by the disruption caused by the Iran war.For potential investors, the question is whether Dangote, majority-owned by Africa’s richest man, Aliko Dangote, can avoid squeezing its profits […]
bp has awarded Halliburton an integrated drilling services contract for the first appraisal campaign at the Bumerangue field offshore Brazil, as the operator moves to further evaluate its deepwater discovery.
The new Nigerian incentives for offshore oil and gas projects have the potential to attract $50 billion in new investment in Nigeria’s offshore energy sector, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC)
Nigeria has made significant progress in attracting investment in the upstream oil and gas industry and has placed infrastructure development a priority to support expected growth in the sector. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), reflecting a continent-wide trend, recently stated it expects 22 major offshore oil and gas projects to begin between now […]
The much-touted multi-billion-dollar Nigeria-Morocco Gas Pipeline is yet to take off owing to the alleged ‘lukewarm’ attitude of Nigerian authorities
Nigeria’s plan to turn its state oil company, Nigerian National Petroleum Company Limited (NNPC), into a publicly traded firm is back on the table, ten years after officials first floated the idea in November 2016 and then let it stall.
The Global Extractive Industries Transparency Initiative validation team has arrived in Nigeria to assess the country’s progress in improving transparency and accountability in the oil, gas and mining sectors.
Nigeria said it approved a $4.5 billion arrangement with the state-owned energy firm that will liberate funds to bolster foreign-exchange reserves and spending on the government’s ongoing infrastructure priorities.
Clariant has appointed Gapuma Group as the distributor of its Well Service Additives (WSA) portfolio across Nigeria, Côte d’Ivoire and Ghana, expanding the availability of its specialty oilfield chemicals in key West African upstream markets. Under the agreement, Gapuma will distribute Clariant’s Well Service Additives portfolio through its regional network, including the HOSTADRILL™, HOSTAMER™ and HOSTASTIM™ product families used in […]
The agreement, signed by the Economic Community of West African States (Ecowas) at a summit in Sierra Leone on Monday, establishes the legal framework for the pipeline, which has been under discussion since 2016.