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A solar energy farm. Photographer: Carla Gottgens/Bloomberg. Register here for the Energy Voice daily newsletter, bringing you key news and insight from across the global energy landscape. Thank you for signing up to our newsletter. Something went wrong - please try again later. Sign Up Stakeholder pressure on energy companies is having an impact on African projects, which is not necessarily straightforward divestment. Herbert Smith Freehills corporate partner Rebecca Major, speaking during a webinar on Africa Day, said some companies were continuing to invest in the upstream. “There are companies out there who are staying the course,” Major said, citing increased interest in decarbonising oil and gas. ....
By Pierre-Olivier Rouaud The acquisition of oil block OML 17 from Total and Shell should allow Tony Elumelu’s group to shake up the hierarchy of local oil operators. On 15 January 2021, Trans-Niger Oil & Gas Limited (TNOG) and Transcorp plc, two of the companies in the galaxy of 58-year old tycoon Tony Elumelu â along with his Heirs Group â bought 45% of OML Block 17 from Shell (30%), Total (10%) and ENI (5%). The acquisition is estimated to be worth over $800m. âWho would have thought that when we started this journey, all those years ago, it would take us the better part of a decade to close the deal,â said Elumelu, who is also the chairman of UBA Bank. ....