The Nigerian National Petroleum Company Limited made it clear that it would no longer remit any money to the Federation Accounts Allocation Committee for sharing to the three tiers of government monthly. It said this was based on its latest transition from a public corporation to a limited liability company and that it currently owed
Uganda government officials have been racking up air miles between Entebbe, Italy and US to strike a financing deal for the $4 billion refinery project. Government officials admit that the refinery project has fallen behind others, and will likely come onstream late in 2027 at the earliest if the necessary financing is tied up and
Egypt Minister of Petroleum and Mineral Resources Tarek El Molla hosted his Equatorial Guinea counterpart, Gabriel Mbaga Obiang Lima, yesterday. A statement from Egypt said the discussions focused on the trend of its increasing co-operation with African states. El Molla said Egypt was ready to help on a number of fronts. The country could help
Shell Overseas Investment B.V., a wholly-owned subsidiary of Shell plc (Shell), has signed an agreement with Actis Solenergi Ltd (Actis) to acquire 100% of Solenergi Power Private Ltd for US$1.55 billion and with it, the Sprng Energy group of companies. Sprng Energy supplies solar and wind power to electricity distribution companies in India. Its portfolio
The Association of Tanzania Oil and Gas Service Providers (Atogs) and Zanzibar Association of Oil and Gas Services Limited (Zaogs) have signed a Memorandum of Understanding (MoU) with Oman Society for Petroleum Services (Opal) that will see the three organisations co-operating in a number of areas in the oil and gas sector. The development follows
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