Oando, after being passed over as a bidder to buy state electricity utilities last year, plans to construct its own power plant in Nigeria. The plant, when operational, will have a 400-MW capacity and cost the firm $600 million to construct. Oando Gas & Power Ltd. CEO Bolaji Osunsanya said in an interview with Bloomberg […]

At the signing of contracts for Algeria’s latest bid round, Enel’s executive VP for upstream gas Maroc Arcelli revealed that his company would be investing around $700 million on its four oil and gas blocks in Algeria. The company, partnered with Dragon Oil, was awarded two blocks in the last licensing round adding to its […]

Nigeria’s two main oil worker unions, NUPENG and PENGASSEN, issued the government a 14 day ultimatum to “intervene in the alleged victimization of some of their colleagues by multinational oil firms or risk industrial action.” In a communique signed by the presidents of N​UPENG and PENGASSAN, Achese Igwe and Francis Johnson, respectively, the unions pressed […]