The Nigerian National Petroleum Corporation (NNPC), FIRST Exploration and Production (First E&P) and Schlumberger signed a tripartite agreement for the development of the Anyala and Madu fields under OMLs 83 and 85, in Nigeria’s offshore Bayelsa state
Exploration
AFC to provide US$28mn subordinate loan facility to Tunisia’s Topic SA
Africa Finance Corporation (AFC) announced that it will provide US$28mn subordinated loan facility to independent Tunisian energy company Topic SAs to develop Halk El Menzel offshore oil concession block, also known as Helm Project, in northern Tunisia
France to invest US$1.14bn in Nigeria’s oil and gas sector
The Nigerian National Petroleum Corporation (NNPC) announced that the government of France, through the French Development Agency, has set aside US$1.14bn to be invested in the Nigerian oil and gas industry
New Baker Hughes to bring fullstream oil and gas solution
Baker Hughes (BHGE), part of the multinational conglomerate General Electric (GE) company, announced that it has completed the transaction with GEs oil and gas business, and will bring together industry-leading equipment, services and digital solutions across oil and gas development
Gambia approves FAR's 80 per cent stake in offshore blocks
Independent, Africa-focused, Australian oil and gas company, FAR has acquired an 80 per cent working interest and Operatorship in Gambias highly prospective offshore blocks A2 and A5 from US and South African-listed oil independent ERIN Energy