2022 is already witnessing increased deals activity
The events of the past two years have accelerated mergers & acquisitions trends in Africa, and 2022 is already witnessing increased deals activity.
Savannah Energy
ESG uncertainty continues to disrupt industry M&A
High energy prices have revived interest in Africa’s oil and gas, but financing remains painfully hard to secure, amid ESG uncertainty.
Savannah launches Niger wind power plan, first of many
Savannah Energy has added another string to its bow with a deal to build a wind farm in Niger.
Savannah steps in to prop up Lekoil in subsidiary tussle
Savannah Energy has agreed to provide a convertible facility agreement to Lekoil, which intends to redouble its efforts to seize back control of its Nigerian subsidiary.
Savannah strikes Port Harcourt gas supply deal
Savannah Energy has signed a new gas sales agreement in Nigeria, via its Accugas subsidiary.
Savannah doubles down in Chad, adds Petronas to Exxon deal
Savannah Energy has formalised its purchase plans in Chad, striking a $626 million deal with ExxonMobil and Petronas.
Savannah begins Afam gas sales
Savannah Energy has begun gas sales to a power plant in Rivers State, Nigeria, via its Accugas subsidiary.
Savannah squeezes up gas production, eyes pipeline moves
Savannah Energy increased revenues and adjusted EBITDA on higher volumes but is waiting a number of catalysts for change.
Former CFO accuses Savannah of discrimination
Savannah Energy’s former CFO has launched legal proceedings against her former company claiming unfair dismissal.
Savannah in talks to buy Exxon’s Chad, Cameroon assets
Savannah Energy is in talks to buy ExxonMobil’s entire up- and midstream portfolio in Chad and Cameroon.
Mismanagement plagues Niger Delta oil communities
Some Nigerian communities will never receive a “fair share” of the cash generated from oil and gas produced in their neighbourhoods, a report has warned.
Savannah signs supply deal for Rivers CNG
Savannah Energy has signed a deal to supply gas to Mulak Energy, in Nigeria, for a CNG project in Rivers State.
Savannah cuts costs, tweaks gas sales deal
Savannah Energy has set out cost and capital expenditure cuts, while also revising a gas sales agreement in Nigeria with Lafarge Africa.
More Scots companies should consider AIM listing, says capital markets expert
Scottish telecoms technology company Calnex Solutions today confirmed its £42m listing on London’s AIM market – the first Scottish AIM listing since 2018.
Gas cash flows for Savannah
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.
Numis drops oil and gas clients as work dries up
Numis Securities has opted to cut its natural resources division, driving a number of companies to seek new brokers.
Savannah cashes in on Nigerian gas work
Savannah Energy has paid down $40 million of debt as of the end of March as a result of its Nigerian gas supply business.