The equipment will enhance the availability and reliability of power supply. (Image source: Wartsila)

Technology group Wartsila has concluded an engineering, procurement, and construction (EPC), along with a five-year-long operation and maintenance (O&M) agreement with Elektron Energy-affiliate Victoria Island Power Ltd for the installation of a power generation equipment for a new 30 MW power plant being set up on Victoria Island in Lagos

The equipment will enhance the availability and reliability of power supply from the natural gas-run power plant.

“Elektron has conceptualised, developed, and funded the IPP and has secured the implementation by engaging  Wartsila to assume single point responsibility for the major construction and operational aspects related to the eventual power generation facility. This pioneering project relies on reciprocating internal combustion engine (RICE) technology that has the efficiency and flexibility to deliver clean and reliable electricity to our customers,” said Deen Solebo, co-CEO and CFO at Elektron Energy.

“ Wartsila’s core competence in the engine power plant and services aspects represents a unique combination of a global company with a local presence that provides developers and financiers the comfort to invest and gives end-customers the confidence to sign up for PPA’s with medium to long-term tenures. The  Wartsila solution is extensively adopted by industrial, utility and IPP customers worldwide and the excellent credentials and track record have been recognised as a great value proposition by lenders, insurance companies, and multi-lateral funding institutions,” said Marc Thiriet, energy business director, Africa at  Wartsila Energy.

“Elektron is especially grateful to the invaluable contributions of its institutional investors and funding partners who have made this project possible including ARM Harith Infrastructure Fund LP, Nigerian Sovereign Investment Authority, InfraCredit, Bank of Industry, FBN Quest, and Stanbic Infrastructure Partners,” Deen added.

The facility will comprise three Wartsila 34SG gas engine-generator sets with related auxiliaries and is configured to accommodate an extension with one additional engine-generator set at a later stage. The Wärtsilä modular power plant design concept enables this in a cost-effective manner with minimal disruption to ongoing operations.

The handover will enable BW Energy Gabon to optimise field performance. (Image source: Adobe Stock)

BW Energy Gabon SA has taken over the operation and maintenance work of the FPSO BW Adolo from the principal companies, BW Offshore and BW Energy

An amended charter now includes a mutual put-and-call option on the FPSO for US$100mn, exercisable in 2028. 

“Transferring daily operational control of BW Adolo to BW Energy Gabon is a natural step given their growing presence in Gabon and potential to capture efficiencies across the local organisation,” said Marco Beenen, the CEO of BW Offshore. “The seamless execution reflects the commitment of both teams to safeguard personnel, the environment, and asset integrity.”

“Assuming full O&M responsibility will allow BW Energy Gabon to optimise field performance and capture additional synergies across the Dussafu hub. We thank BW Offshore for its exemplary stewardship of the vessel and its continued support during the transition phase,” said Carl K Arnet, the CEO of BW Energy.

The FPSO unit is currently deployed on the Dussafu Marin licence offshore Gabon, where it has produced since first oil in 2018.

Congo Council of Ministers approve hydrocarbons laws. (Image source: Adobe Stock)

Congo's national oil company, Societe Nationale des Petroles du Congo (SNPC), gains a solid ground as two significant laws supporting the country's hydrocarbons industry receive approval of the Council of Ministers 

The first law now recognises SNPC as the owner of the new Likouala II exploration permit, following Perenco and Congorep's (a joint venture between Perenco and SNPC) handover of shares. With the new structure, Perenco's shares stand at 64.5%, Congorep at 20.5%, and SNPC at 15%.

The second law allows the Ikalou II permit that comes from the Ikalou Sud concession. With this permit that is valid for 20 years, SNPC retains a 15% stake following Perenco's 85%. 

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Petrobras had previously operated the Agbami Field in Nigeria before dropping out. (Image source: Adobe Stock)

Brazil's state oil company, Petrobras, has expressed interests to invest in Nigeria's frontier deepwater acreage

This comes ahead of the 2025 Nigeria-Brazil Strategic Dialogue Mechanism as a major step towards bilateral cooperation that saw the revival of the company's interest in the region after previously having left the Agbami Field where it was operating

The positive dialouge was an outcome of the interministerial review meeting chaired by Nigeria's Vice President Kashim Shettima at the Presidential Villa, Abuja, to coordinate the country's preparations for the second session of the SDM scheduled for June.

"The presence of six ministers and the Solicitor-General of the federation in this review meeting ahead of the second session of the Nigeria-Brazil Strategic Dialogue Mechanism shows the importance we have attached to our relationship with Brazil.

"We have not maximally capitalised on the fraternity between us and Brazil, but it is better late than never. The upcoming SDM presents an opportunity to execute sector-specific Memoranda of Understanding (MOUs) and unlock investment flows," said Shettima. 

Nigeria is also keen on leveraging Brazil's global reach as the country will also be hosting this year's high-end summits such as BRICS, G20 and COP30.

Earlier, Minister of Foreign Affairs, Ambassador Yusuf Tuggar, confirmed ongoing engagements with Petrobras, saying, "Apart from Ethanol, which they are hoping to engage the NNPCL for blending, Petrobras is also being actively engaged, and we expect they will form part of the delegation to Nigeria. Petrobras is no longer active in Nigeria, but they are very keen on coming back to Nigeria. They said they want frontier acreage in deep waters."