Helios Investment Partners (“Helios”), the Africa-focused private investment firm, acting on behalf of funds it advises, and Sojitz Corporation (“Sojitz”), one of the leading conglomerate investment and trading houses listed on the Tokyo Stock Exchange, announce the completion of the sale by Helios of a 25% interest in the holding company of Axxela, the largest […]

LEKOIL, the oil and gas exploration and production company with a focus on Nigeria and West Africa, notes the announcement from Lekoil Nigeria, dated 1 April 2022, offering to purchase the OPL 310 loan and to repay the outstanding amount under the Savannah Energy Investments Limited Convertible Facility Agreement.   The Company notes that neither offer […]

As part of its growth strategy to optimise the business and focus investments in core markets such as the Middle East, global drilling, engineering and technology provider KCA Deutag has completed the sale of its land drilling business in Nigeria for $18m to GeoplexDrillteq Limited. The sale includes five drilling rigs. GeoplexDrillteq Limited has purchased […]

The Nigeria commitment in the on-going Trans-Sahara Gas Pipeline project has recently received global relevance as Federal Government through the Nigerian National Petroleum Company Ltd-NNPC disclosed its planned massive gas investment in the country pipeline infrastructural developmentthrough gas delivery from Nigeria to Europe region. This was disclosed bythe Group Managing Director of the NNPC, Mele […]

San Leon, the independent oil and gas production, development and exploration company focused on Nigeria, has noted the announcement made by Decklar Resources Inc. (Decklar) in Canada.  San Leon has a 11.5% shareholding in Decklar Petroleum Limited (DPL), the local subsidiary of Decklar operating in Nigeria, and has also made a US$5.5 million loan to DPL, […]

 Nigerian Agip Oil Company, NAOC, has lifted force majeure on Brass terminal, Bonny NLNG and Okpai power plant following restoration of the Ogoda/Brass 24″ oil pipeline at Okparatubo, Nembe Local Government Area, Bayelsa State Sweet crude reported. Oilfield Africa Review has learnt that the force majeure was lifted after the pipeline was hit by blast […]

Nedogas Development Company Limited (NDCL), a joint venture company between Xenergi Limited a Natural-Gas technology company and a member of the Oildata Energy Group, involved in the conversion of Natural Gas into cleaner energy products such as LPG, Propane and mixed alcohols and NCDMB Capacity Development Intervention Company, has in collaborative partnership with the Nigerian Gas […]

The 21st edition of Nigeria’s foremost energy event, NOG Conference and Exhibition is set to hold in person at theInternational Conference Centre, Abuja from 4 – 7 July 2022. dmg Nigeria events, the organisers of the event stated, NOG 2022 will host key stakeholders from across the global energy value chain to discuss the strategies […]

LEKOIL, the oil and gas exploration and production company with a focus on Nigeria and West Africa has announced that Savannah Energy Investments, has entered into a convertible facility agreement (the ‘CFA’) and option agreement with the Company in order to support the Company’s restructuring.  Savannah Investments is a wholly owned investment vehicle of Savannah […]

San Leon, the independent oil and gas production, development and exploration company focused on Nigeria, has announced that it has provided a further loan of US$2.0 million to Energy Link Infrastructure (Malta) Limited (ELI), the company which owns the Alternative Crude Oil Evacuation System (ACOES) project. As previously announced, the ACOES is being constructed to […]