Shell has reached an agreement to sell its Nigerian onshore subsidiary The Shell Petroleum Development Company of Nigeria Limited (SPDC) to Renaissance, a consortium of five companies comprising four exploration and production companies based in Nigeria and an international energy group
Exploration
Rex to seek financial advise from Hannam & Partners on Benin block
Rex International Holding has engaged London-based independent investment bank, Hannam & Partners (H&P), as its exclusive corporate finance advisor with respect to the recently awarded production sharing contract (PSC) for Block 1, Sèmè Field in Benin
Libya to roll out licensing rounds for domestic and international tenders
Speakers participating during a finance panel at the Libya Energy & Economic Summit (LEES) shared that the country’s planned licensing rounds – for domestic companies as well as an international tender – will be launched soon, in line with national targets to more than double oil production
Government of Uganda seeks financial support for EACOP security
Government is seeking a considerable sum to deploy the Uganda Peoples Defence Forces (UPDF) to secure the East African Crude Oil Pipeline (EACOP)
SDX Energy gives updates on Morocco and Egypt operations
SDX Energys gas prepayment agreement rolled over with CITIC Dicastal subsidiary, DIKA MOROCCO AFRICA (DMA), for a further US$2.1mn for Q1 2024 gas deliveries