AfrOil - Africa Oil & Gas

16 February 2023

Bechtel and partners to establish unified power system for WDDM, ELNG in Egypt

14 February 2023

Bechtel has signed an agreement with Shell on building a unified electrical power system for the West Delta Deep Marine (WDDM) natural gas-processing plant and the Egyptian LNG (ELNG) plant in Idku.

Galp agrees to sell Angolan upstream assets to Somoil for $830mn

14 February 2023

Portugal’s Galp has arranged to sell its upstream assets in Angola to Sociedade Petrolífera Angolana (Somoil), a local company, for a total consideration of approximately $830mn.

IMF urges Nigeria to eliminate domestic gasoline subsidies

13 February 2023

The IMF is pressing Nigeria’s government to uphold its pledge to eliminate subsidies for domestic gasoline prices by the middle of this year, calling the current policy a drag on public finances.