Energy

 McDermott International, Ltd (McDermott) announced it has agreed to sell its CB&I storage business (CB&I) to a consortium of financial investors led by Mason Capital Management. Under the terms of the agreement, McDermott expects to receive $475 million of proceeds before taxes and transaction expenses. The transaction is expected to …

McDermott has been awarded an engineering, procurement, construction, and installation (EPCI) contract by QatarEnergy LNG for the North Field South (NFS) Offshore Pipelines and Cables Project. This new contract is in addition to the awards received by McDermott earlier for the NFS Pipelines FEED, the NFS Jackets EPCI, and the …

Capt. Emmanuel Iheanacho, Chairman of Integrated Oil and Gas Ltd., on Wednesday emphasized the indispensable role of depot owners in Nigeria’s fuel supply chain, particularly in the context of the recent delivery of Dangote Premium Motor Spirit (PMS). Iheanacho, clarified their reaction to a statement made by the billionaire and …

Oando PLC (“Oando” or the “Company” Nigeria’s leading energy solutions provider listed on both the Nigerian Exchange Limited and Johannesburg Stock Exchange is pleased to announce the successful completion of the acquisition of 100% of the shareholding interest in the Nigerian Agip Oil Company (NAOC) from the Italian energy company, …

Seplat Energy plc, a foremost indigenous energy company, has reassured all stakeholders of its commitment to driving and ensuring a sustainable business and creating increased value for people and the environment. The company also reiterated its resolve to address the dual challenges of ensuring energy security and meeting climate change …

  The Board of Directors of the African Development Bank Group has approved a loan of $500 million to the Federal Republic of Nigeria, to finance the first phase of the Economic Governance and Energy Transition Support Program (EGET-SP), a new program aimed at accelerating transformation of the country’s electricity …

Seplat Energy PLC, a leading Nigerian independent energy company listed on both the Nigerian Exchange and the London Stock Exchange, has called for prudent management of oil and gas assets in Nigeria in the country’s quest to drive growth in the energy sector and encourage expansion. The Chief Executive Officer, …

Siemens Digital Industries and PE Energy partner to enhance industrial automation in Nigeria; Combining Siemens’ technology with PE Energy’s expertise to boost efficiency, productivity, and sustainability; This partnership aims to drive industrial growth and competitiveness in Nigeria through advanced automation solutions. Siemens and PE Energy are proud to announce their …

Siemens and PANA Infrastructure announce a strategic collaboration to tackle Nigeria’s Electrical Infrastructure sector; The initiative aims to enhance power stability and create job opportunities in Nigeria; Combining expertise, they aim to enhance Nigeria’s power sector. Siemens, a leading global technology company, and PANA Infrastructure, a Nigerian conglomerate with an …

Global energy companies including Vitol, Africa Oil Corp., and ERHC Energy Inc. will showcase Africa’s premier energy sector opportunities at the London Invest in African Energy reception this week, organized by the African Energy Chamber (AEC). The reception catalyzes investor interest in Africa’s energy prospects ahead of the African Energy …