Craig International has reinforced its position as a global market-leader in oil and gas procurement after reporting its best ever year in the US and securing a contract with BP in the UK. Under the BP contract, which is worth around £20million, Craig International will provide third party procurement services including equipment for maintenance, repair […]

South Africa’s state-owned Strategic Fuel Fund (SFF) will own and operate Block B2 in South Sudan. South Africa signed an exploration and production sharing agreement (EPSA) with South Sudan for the block on May 6. The deal will see Block B2 operated by SFF, the Ministry of Petroleum and Nilepet, the national oil company of […]

Transcorp, owned by Nigerian businessman Tony Elumelu, was successful with its offer for Afam, which operates a natural-gas fired power plant in Nigeria’s southern Rivers state. Elumelu said in a statement that he plans to invest as much as $2.5 billion in power projects in Nigeria. Nigeria broke up its state-owned power monopoly in 2013 […]