Mozambique’s long-held dreams of natural gas have got a fresh boost following an estimated $1.1 billion contract award by ExxonMobil for the Rovuma LNG Phase 1 project in Mozambique’s Cabo Delgado region. The signing of the contracts represents a big leap towards FID for the project, whose objective is to build onshore LNG facilities with […]
The Dangote Petroleum Refinery Initial Public Offering (IPO) has been approved by Nigeria’s Securities and Exchange Commission (SEC), setting the stage for Africa’s largest-ever IPO. A total of 4.1 billion ordinary shares will be made available at the price of ₦525 per share. This will enable the company to raise roughly ₦2.15 trillion ($1.63 billion) […]