Angolan Mining Oil & Gas

Dangote Refinery Secures $1 Billion Backing Ahead of Planned $5 Billion IPO The Dangote Petroleum Refinery and Petrochemicals has secured US$1 billion in underwriting support ahead of its planned Initial Public Offering (IPO), strengthening the financing base for what could become one of Africa’s largest industrial listings. The programme comprises a completed and fully funded US$600 million private placement, alongside a further US$400 million underwriting commitment to support the planned IPO. The transaction was structured

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Petrobras Enters Talks for Four Offshore Oil and Gas Blocks in Ghana’s Keta Basin Brazilian state-owned energy company Petrobras is expanding its exploration footprint in West Africa after receiving approval to negotiate contracts for four offshore blocks in Ghana’s Keta Basin. Ghana’s Ministry of Energy and Green Transition has approved Petrobras’ application, allowing the company to enter direct negotiations over exploration contracts for the blocks. The move is part of Petrobras’ strategy to replenish its

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Equinor Acquires 17.4% Stake in Namibia’s Orange Basin Oil Block Norwegian energy company Equinor is entering Namibia’s upstream oil and gas sector after agreeing to acquire a 17.4% participating interest in Petroleum Exploration Licence 90 (PEL 90) from Harmattan Energy Limited, a subsidiary of US energy major Chevron. The transaction marks Equinor’s first entry into Namibia and gives the company exposure to the highly prospective Orange Basin, one of Africa’s most closely watched offshore exploration

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