Tag: Oil and Gas

Gene Energy Office
BusinessHot News

Genel Energy eyes Egypt expansion in $360 million Capricorn acquisition

Genel Energy Egypt expansion accelerates after its $360 million Capricorn Energy acquisition, strengthening production and growth.

Timilehin Adejumobi Timilehin Adejumobi
Nigeria Joins IEA
BusinessHot News

Nigeria opens new energy chapter with IEA membership

Nigeria IEA membership strengthens energy diplomacy, refining ambitions and Africa's role in global energy policy.

Timilehin Adejumobi Timilehin Adejumobi
South Africa’s Efora Energy faces liquidation as JSE suspends shares
BusinessTechnology

South Africa’s Efora Energy faces liquidation as JSE suspends shares

South Africa’s Efora Energy Limited is set for liquidation after years of name changes, asset sales and strategic shifts that ultimately failed to secure long-term financial stability. The Johannesburg Stock Exchange (JSE)-listed company now finds itself suspended from trading, with uncertainty mounting over its ability to meet obligations.  The development marks a sharp downturn for a group that once positioned…

Oluwatosin Alao Oluwatosin Alao
Mozambique launches $40 million LNG training center in Maputo
BusinessTechnology

Mozambique breaks ground on major technology center to boost innovation

Mozambique launches a $40 million tech center to train local LNG workers and grow Africa’s energy workforce.

Oluwatosin Alao Oluwatosin Alao
Aliko Dangote, Africa’s richest man and founder of Dangote Group.
BusinessHot News

Dangote Refinery expansion to add 95,000 jobs at peak

Dangote says refinery expansion to 1.4m bpd will employ 95,000 skilled workers at peak construction in Nigeria

Timilehin Adejumobi Timilehin Adejumobi
Early assessments suggest the reserves could rival the Jubilee field, which transformed Ghana’s oil sector in 2010.
BusinessTechnology

Ghana moves to take control of 1.5 billion-barrel oil asset

At a Glance Ghana is preparing to take direct control of one of its most valuable undeveloped deepwater oil assets, the WCTP2 block. Holding more than 1.5 billion barrels of oil and roughly 1.2 trillion cubic feet of gas, the block is estimated by analysts to be worth over $3 billion. The government sees the move as a way to…

Oluwatosin Alao Oluwatosin Alao