Aker Energy ventures into Ghana oil exploration and production as it acquires Hess business in $100million deal

Norwegian billionaire Kjell Inge Roekke’s Aker Energy plans significant oil exploration and production in Ghana after a $100 million deal to buy Hess Corporation’s business there. Aker Energy said the proposed transaction, which is subject to approval from Ghanaian authorities, gives it a 50-percent stake in the ultra deepwater Tano Cape Three Points block which… Read More Aker Energy ventures into Ghana oil exploration and production as it acquires Hess business in $100million deal

ExxonMobil acquires 2.5 percent stake in Azeri BTC oil pipeline project 

​U.S. oil major ExxonMobil has acquired 2.5 percent stake in the Azeri Baku-Tbilisi-Ceyhan (BTC) pipeline from CIECO, a subsidary of Itochu, an ExxonMobil official said on Monday. “ExxonMobil became an owner of 2.5 percent stake in the BTC project in November 2017,” Aygun Tanriverdiyeva, an ExxonMobil official in Baku, said. The BTC pipeline company operates… Read More ExxonMobil acquires 2.5 percent stake in Azeri BTC oil pipeline project 

World Bank loans Nigeria $486million for electricity transmission rehabilitation

The World Bank has approved an International Development Association (IDA) credit of $486 million for the rehabilitation and upgrading of electricity transmission substations and lines in Nigeria. Olufunke Olofon, Senior Communications Officer, World Bank, Nigeria, made this known in a statement released on Friday. She said that the investments would increase the power transfer capacity… Read More World Bank loans Nigeria $486million for electricity transmission rehabilitation

Ex-captain of Enyimba FC Chinedu Udoji dies in auto crash

Kano Pillars’ defender, Chinedu Udoji has been reported dead. The former Enyimba captain died Saturday night following a car accident in Kano. Udoji was Man of the Match in Sunday’s NPFL Week 9 match against his former club Enyimba, which ended in a 1-1 draw. An official said Udoji was heading back to the Pillars’… Read More Ex-captain of Enyimba FC Chinedu Udoji dies in auto crash