Bruce Johnston and Helena Guidolin at Morgan Lewis write for Oil Review Africa, looking at financing infrastructure projects in Africa, focusing both on the energy and local financial sectors and how they are funded
Exploration
NNPC reiterates commitment to local content
The Nigerian National Petroleum Corporation (NNPC) has reiterated its commitment to comply with the nation’s local content laws so as to further strengthen in-country value addition in the oil and gas industry
OPEC reaches agreement on production cut
Oil prices rose above US$50 a barrel following OPEC’s historic agreement at its November 30th Meeting in Vienna to cut production for the first time since the global financial crisis eight years ago
African Petroleum exits as ExxonMobil enters Liberia
The West Africa-focused independent oil and gas exploration company African Petroleum has announced that it will drop its production sharing contracts (PSC) in Liberia after failing to extend its production sharing contracts for offshore blocks LB-08 and LB-09
224 companies bid for Nigerian crude oil lifting contract
The Nigerian National Petroleum Corporation (NNPC) has revealed that 224 companies have submitted bids seeking to be awarded contract to purchase and lift its crude oil grades for the 2016/17 term