Author name: Godswill Odiong

Savannah Energy announces Termination of SPA for PETRONAS’ Chad and Cameroon portfolio

Savannah Energy PLC, the British independent energy company focused around the delivery of Projects that Matter in Africa, has announced that it has mutually agreed to terminate the Share Purchase Agreement, SPA for PETRONAS with immediate effect.   The statement disclosed that it has entered into a Share Purchase Agreement (“SPA”) with PETRONAS International Corporation Limited (“PETRONAS”) to […]

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Shell leaders bag highest engineering recognition

Barely a year after her appointment as the first female Managing Director of energy giant, Shell Nigeria Exploration and Production Company Limited (SNEPCo), Elohor Aiboni has been conferred with the highest professional recognition in engineering practice in Nigeria. Elohor and the General Manager of Shell’s Safety and Environment in Nigeria, Elozino Olaniyan, were both conferred

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Save Vultures to Prevent Extinctions and Looming Epidemic

CONSERVATION: NCF’s new Strategic Action Plan to make positive impact

By Eyo Nsima The Chairman, National Executive Council, Nigerian Conservation Foundation (NCF), Chief Ede Dafinone, has identified the launch of the new Strategic Action Plan (SAP) 2021 – 2025 as a major achievement of the Foundation. In his address at the just-concluded Annual General Meeting of the Foundation, he said: “A major and very important

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Danbatta named NDLEA Ambassador

The National Drug Law Enforcement Agency (NDLEA), has named the Executive Vice Chairman of the Nigerian Communications Commission, NCC, Professor Umar Danbatta as its Special Ambassador in its renewed war against narcotics and use of other dangerous substances leading to addiction in the country. Commander for Narcotics at the NDLEA Federal Capital Territory (FCT), Muhammed

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Savannah Energy’s South Sudan Oil Deal is a boost for Jobs, Local Content and Women Empowerment

Africa-focused British independent energy company, Savannah Energy, has announced the acquisition of producing oil fields in South Sudan from Malaysian state oil and gas company, Petronas, a move highly supported by the African Energy Chamber (AEC) (http://www.EnergyChamber.org). The announcement came on 12 December, with the acquisition having been made to the tune of $1.25 billion.

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African Energy Chamber Drives Intra-African Energy Investment in Lagos

Africa’s Upstream Industry: Holding Steady in a Turbulent Oil and Gas Market

By NJ Ayuk Africa’s oil and gas industry is going to breathe new life into many African economies and will create new opportunities for every many Africans in 2023. During the recent African Energy Week, many players and host nations outlined some of the most ambitious plans produce more natural gas, diversify our economies and

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AfDB

Sudan: AfDBank commits nearly $74 million to boost wheat production

The Board of Directors of the African Development Bank Group (http://www.AfDB.org) on 9 December 2022 in Abidjan approved $73.81 million to finance the Sudan Emergency Wheat Production Project under the Bank’s African Emergency Food Production Facility. Agriculture is the backbone of the Sudanese economy, accounting for 60% of total national exports and generating a third

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AfDB

Sierra Leone: African Development Fund extends additional grant funding of $12m to boost rice output

The Board of Directors of the African Development Fund has approved $12.16 million in additional grant funding for the Rice Agro-Industrial Cluster Project in Sierra Leone. The project was first approved in November 2021. The new tranche, to be sourced from the 2022 Performance-based Allocation, will fill a funding gap in the project’s total cost

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COVID-19: Confirmed cases rise to 165,370 in Nigeria

Nigeria lifts COVID-19 restrictions, travel advisory

By Godswill Odiong President Muhammadu Buhari has approved the complete lifting of COVID-19 restrictions and travel advisory as proposed by the Presidential Steering Committee (PSC) led by the Secretary to the Government of the Federation, Boss Mustapha. In a statement, the Chairman, Presidential Steering Committee on COVID-19 said the development was based on Clinical and

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Fuel Scarcity: Marketers urge FG to consider deregulation in phases

By Godswill Odiong Major Oil Marketers Association of Nigeria (MOMAN) has urged the federal government to consider complete deregulation of the downstream petroleum sector in phases. In a statement, the oil marketers said the development was necessary to cushion the effects of the sharp rise in fuel prices on the citizens of Nigeria. The statement

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