Tony Elumelu’s big bet on an oil block assumes that there will be a long enough window to monetise the asset, known as OML17.
Category: Oil & Gas
Dr Carole Nakhle: From Troubled Lebanon To Become Global Energy Icon
Accra, Ghana//-She was born and grew up during the civil war in Lebanon – you can imagine how challenging that was. Having machine guns and hand grenades on the dining table was normal.
OECD: Better Use of Energy Taxes Could Strengthen Developing Country Finances
Developing countries could raise much-needed public revenues, while cutting emissions and air pollution, by making better use of energy taxes and reducing energy subsidies, according to a new OECD report.
Ghana’s Industrialisation to Benefit from Tema LNG Terminal
Sub-Saharan Africa’s first liquefied natural gas (LNG) import terminal at Tema can turn Ghana into a petroleum hub, Tema LNG managing director Edmund Agyeman-Duah tells The Africa Report.
Ghana: Fuel Prices to Increase by 3.12 percent from Next Week
Fuel prices are expected to increase by up to 3.12 percent per litre from next week across various pumps in the country.
Heirs Holdings Significantly Expands Oil and Gas Portfolio, Acquires 45% of OML 17 from Shell, Total and ENI
Lagos, Nigeria – Heirs Holdings (HH), the leading African strategic investor, in partnership with affiliated company Transnational Corporation of Nigeria Plc (Transcorp), Nigeria’s largest publicly listed conglomerate, announced today the unconditional acquisition of a 45% participating interest in Nigerian oil licence OML 17 and related assets, through TNOG Oil and Gas Limited (a related company of Heirs Holdings […]
Senegal Already Produces Gas: Investors Should Look Onshore
Dakar, Senegal — Senegal is the hotspot for energy investment in West Africa right now, owing to a string of huge offshore hydrocarbons discoveries since 2014 (as well as its compelling renewables potential).
Mozambique’s Civilians Defenceless as Armed Forces Defend Total’s Gas Project
French oil major Total this month begun to remove some staff from the site of its planned Mozambique liquefied natural gas (LNG) project on the Afungi Peninsula after Islamist insurgent attacks came close to the site.
Mozambique: How Total Plans to Protect its $15Bn Major Gas Project
Despite the armed insurgency that has been plaguing Mozambique since 2017, Total intends to continue its major gas project there. It trusts the authorities to ensure its safety, in return for a solid financial contribution.
Kenya: Oil Marketing Firms Seek Penalties Waiver Extension
The Kenya Pipeline Company (KPC) is embroiled in a silent war with oil marketing companies (OMCs), who are demanding an extension on waivers of penalties accorded to petroleum products storage.