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.
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.
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.
Fuel prices are expected to increase by up to 3.12 percent per litre from next week across various pumps in the country.
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 […]
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).
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.