Angola will launch its next oil and gas licensing round in 2025 and is inviting US-based exploration and production companies to invest in upcoming block opportunities. As part of a six-year licensing round in 2019, the country concluded a 12-block tender in January 2024 and is currently finalizing production-sharing negotiations. …

  The African Development Bank has signed a $75 million loan agreement with Nigeria’s Indorama Eleme Fertilizer and Chemicals Limited. The loan will enable Indorama to increase its fertilizer production and develop a port terminal for exports, supporting food production and food security across regional and international markets while fostering …

The African Development Bank Group, on 28 March 2024, announced the conclusion of a negotiated settlement agreement with China Henan International Cooperation Group Company Limited, thus putting an end to sanctions proceedings for a fraudulent practice against China Henan International Cooperation Group Company Limited. According to the negotiated settlement agreement, …

Program to provide STEM and problem-solving skills to students across the continent; Students to compete for a chance to attend major regional industry conferences; Aims to develop the next generation of African thinkers and workforce. The ExxonMobil Foundation and JA Africa have launched the “ExxonMobil STEM Africa” initiative, a $300,000 …

In a commendable display of corporate social responsibility, Dufil Prima Foods’ makers of Indomie Instant Noodles, has joined forces with the Kokun Foundation Food Bank, a non-governmental organization to bring relief and joy to the vulnerable by providing free cartons of Indomie Noodles to thousands of Nigerians. During a distribution …

The Offshore Technology Conference (OTC) recently announced the winners of their 2024 Spotlight on New Technology Award. This esteemed honor is given exclusively to OTC exhibitors who are reshaping the offshore energy sector through their innovation and development of technologies. This year, 15 technologies – 5 of them from small …

McDermott today announced Maurizio Coratella as Executive Vice President and Chief Operating Officer effective May 1, 2024. In his new role, Coratella will apply his more than three decades of industry leadership and engineering and construction expertise to continue the momentum established by the company’s growing backlog and expanding energy transition …

The Nigerian National Petroleum Company Limited (NNPC Ltd) has emphasized the critical importance of bridging the energy access gap to the creation of economic prosperity of the country. The Group Chief Executive Officer of NNPC Ltd, Mr. Mele Kyari, made this submission in a keynote address on industry operations with …

Seplat Energy Plc, the leading Nigerian independent energy company, says the execution of a corporate social investment (CSI) program in oil and gas-producing communities and, the empowerment of their people can promote stability in the energy sector and ensure the security of critical national assets. Mr. Samson Ezugworie, Chief Operating …

McDermott has been awarded a sizeable* offshore transportation, installation, and commissioning contract from PTTEP Sabah Oil Limited (PTTEP) for the Kikeh subsea gas lift project, located 75 miles (120 kilometers) northwest of the island of Labuan, offshore Sabah in East Malaysia. Under the scope of the contract, McDermott will remove …