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LN24 > Blog > African energy news
06
Aug

Sonangol’s Katambi-2 Appraisal Well Offshore Angola Confirms Good Quality Reservoirs

  • LN24 / 1 month
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  • 3 min read

Angola’s state-owned energy company Sonangol and the National Agency for Petroleum, Gas and Biofuels (ANPG) have announced positive results from the Katambi-2 appraisal well offshore Angola, confirming the presence of good quality hydrocarbon reservoirs and strengthening confidence in the country’s offshore exploration prospects. The companies said the appraisal well successfully intersected two productive intervals, confirming […]

04
Aug

Nigeria Approves $4.5 Billion Refinancing of NNPC Oil-Backed Facility

  • LN24 / 1 month
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  • 3 min read

Government says restructuring will improve liquidity, reduce short-term repayment pressure, and support energy-sector reforms Nigeria’s federal government has approved the refinancing of a $4.5 billion oil-backed facility involving the Nigerian National Petroleum Company Limited (NNPC Ltd.), in a move aimed at easing near-term debt obligations and improving cash flow for the state-owned energy company. The […]

22
Jul

Egypt Approves New Oil and Gas Deals to Boost Energy Production

  • LN24 / 2 months
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  • 2 min read

Egypt’s parliament has approved four new oil and gas exploration and development agreements, including a major project involving Perenco North Sinai Petroleum, as the government intensifies efforts to increase domestic energy production and strengthen the country’s long-term energy security. Four New Energy Agreements Approved The approved agreements cover exploration and production activities across North Sinai, […]