Savannah Energy (LON:SAVE) has completed its acquisition of ExxonMobil’s (XOM) assets in Chad and Cameroon, while launching a new deal this morning to acquire Petronas’ (KLSE:PETGAS) interests in South Sudan.
Savannah Energy has signed another gas sales agreement in Nigeria with Notore Chemical Industries.
Savannah Energy has signed a second gas sales agreement this year via its Accugas subsidiary.
Savannah Energy has added another string to its bow with a deal to build a wind farm in Niger.
Savannah Energy has signed a new gas sales agreement in Nigeria, via its Accugas subsidiary.
Savannah Energy has formalised its purchase plans in Chad, striking a $626 million deal with ExxonMobil and Petronas.
Savannah Energy increased revenues and adjusted EBITDA on higher volumes but is waiting a number of catalysts for change.
Savannah Energy’s former CFO has launched legal proceedings against her former company claiming unfair dismissal.
Savannah Energy has signed a deal to supply gas to Mulak Energy, in Nigeria, for a CNG project in Rivers State.
Savannah Energy has set out cost and capital expenditure cuts, while also revising a gas sales agreement in Nigeria with Lafarge Africa.
Last year was a “pivotal year” for Savannah Energy, the company has said announcing its 2019 preliminary results, as revenues flowed from its Nigerian portfolio.
Savannah Energy has paid down $40 million of debt as of the end of March as a result of its Nigerian gas supply business.
The Nigerian economy has a gas distribution and power generation problem. African Infrastructure Investment Managers (AIIM) is playing a part to tackle this, through its investment alongside Savannah Petroleum in assets previously owned by Seven Energy.
Savannah Petroleum expects to generate free cash flow of around $130 million per year from its recently acquired Nigerian assets, based on calculations from CGG Services.
It has been a long time coming, but Savannah Petroleum has completed its acquisition of Seven Energy, broadening its focus from Nigerien exploration to including Nigerian production.
Savannah Petroleum has signed a production sharing contract with the Niger government for the R3/R4 license area.