African Power Generation Limited (AfGen), an affiliate of Gasol plc, has signed a Memorandum of Understanding (MoU) with Ghana National Gas Company Ltd to undertake projects that seek to supply additional gas to Ghana
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Nigeria loses revenue to oil production decline
Nigeria has lost about US$2.7bn in revenue due to a decline in the countrys crude oil production in Q4 2012
NLNG selects BNP Paribas and GTB to raise funds for ships purchase
Nigerian lender GT Bank and BNP Paribas have been selected by Nigerian Liquefied Natural Gas Company (NLNG) to raise US$1.6bn for the purchase of six LNG carrier ships
Shell exits Kenyan market
Shell has exited the Kenyan market after completion of a takeover of its Kenyan operations by Dutch firm Vitol Group and African capital investment group Helios Investment Partners
Mozambique’s Nacala Oil Refinery project could be back on track
A plan to build an oil refinery at Nacala in Mozambique, which was halted due to the 2008 recession, could be revived with the Radyolla Group of Saudi Arabia showing interest in the project