Local Nigerian company to gain oil and gas assets
Local Nigerian company to gain oil and gas assets
Equinor sells its Nigerian business
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NIGERIA: Equinor and Chappal Energies have entered into an agreement for the sale of Equinor Nigeria Energy Company (ENEC), which holds a 53.85% ownership in oil and gas lease OML 128, including the unitised 20.21% stake in the country’s largest deep-water field, Agbami, operated by Chevron.
Assessing the impact of steel mill closure
ArcelorMittal’s Newcastle mill closure
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SOUTH AFRICA: The imminent closure of the ArcelorMittal Newcastle ‘long’ steel products operation in Newcastle, KwaZulu-Natal, is likely to cause considerable turbulence within the local steel sector, with potential projected ‘knock-on’ effects including product shortages, quality issues and even price increases,...