Energy
Savannah Splashes US$407 on ExxonMobil Chad, Cameroon
Savannah Energy PLC, has announced its acquisition at US$407 million, of ExxonMobil’s entire upstream and midstream asset portfolio in Chad and Cameroon, including operatorship of the upstream assets (through the acquisition of the former operator, Esso Exploration and Production Chad, Inc.) (the “ExxonMobil Transaction”).
This was disclosed in a statement from the company electronically transmitted to Biztellers, where the company highlighted that the acquisition formed part of its corporate growth strategy.
Andrew Knott, CEO of Savannah Energy, said, “We are delighted to announce the completion of our US$407 million acquisition of ExxonMobil’s upstream and midstream businesses in Chad and Cameroon.
“I would like to warmly welcome our new employees to the Savannah family and look forward to building our in-country businesses with them as we embrace the multiple growth opportunities available to us.
“In Chad, our focus will immediately turn towards making the investments we believe the Doba Oil Project needs to significantly increase production volumes from current levels and the advancement of our up to US$500m/500 MW of renewable power projects.
“We expect our investments in these projects to provide significant increased tax revenues and electricity access for the people of Chad.
“In Cameroon, we hope to see the COTCo and TOTCo businesses grow further over the course of the coming years through additional third-party customer throughput volumes.
“We are also actively considering investments in other opportunities to pursue Projects that Matter in country.
“Outside of Chad and Cameroon, we expect that, in the coming months, we will further augment our corporate growth profile through the announcement of additional hydrocarbon asset-acquisitions and the initiation of new utility-scale renewable energy projects (in addition to our existing up to 750MW project pipeline).”
The company also announced the publication of a Supplemental Admission Document (the “Document”) in relation to the ExxonMobil Transaction.
Energy
NUPRC, NLNG Deepen Collaboration to Raise Gas Production
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has reiterated commitment to enabling a business-friendly environment and advancing the federal government’s gas agenda.
The Commission’s Chief Executive (CCE), Oritsemeyewa Eyesan, voiced the commitment during a visit by the Managing Director of Nigeria LNG Limited (NLNG), Adeleye Falade, according to a statement in Abuja by its Head, Media and Corporate Communications of the commission, Eniola Akinkuotu.
Receiving the NLNG delegation, Eyesan said: “We are deliberately repositioning the commission as a business enabler,” she said, adding “Through our monthly stakeholder engagements, we X-ray industry performance and resolve issues proactively to ensure they do not escalate.”
The NUPRC chief restated the administration’s responsiveness to the oil and gas sector, linking it to improved investor confidence and increased final investment decisions.
Eyesan added that: “The Decade of Gas is not aspirational; it is a practical framework for expanding domestic utilisation while strengthening export capacity.”
In his remarks, the NLNG Managing Director, Falade, stressed the centrality of upstream collaboration to sustaining gas supply.
Falade highlighted NLNG’s domestic Liquefied Petroleum Gas (LPG) strategy as a deliberate market-shaping intervention.
“Today, 100 per cent of our LPG production is dedicated to the domestic market — not due to reduced output, but because demand has expanded significantly,” he said.
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Looking ahead, he noted that: “Train 7, expected to come on stream next year, will increase our production capacity by about 35 per cent, positioning us to scale both domestic supply and export volumes.”
Energy
NMDPRA Credits Dangote’s Disclosure of Aviation Fuel Price with Potential Market Stability
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has said the indicative gantry price for aviation fuel released by Dangote Refinery will ensure market stability and compliance by marketers.
The agency’s Director of Public Affairs, Mr. George Ene-Ita, disclosed this in Abuja on Saturday, in an interview with the News Agency of Nigeria (NAN).
Ene-Ita was reacting to the pricing and high cost of Aviation Turbine Kerosene (ATK), also known as aviation fuel or Jet A1.
The Dangote Petroleum Refinery has fixed its gantry price of ATK at N1,820 per litre, a move aimed at enhancing transparency in the sector.
This development comes at a time when Nigerians and airline operators have raised concerns over the high cost of the product and its heavy impact on the aviation industry.
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In a move to ensure market stability, fair pricing, and ease mounting pressure on airline operators and passengers, NMDPRA had earlier set a jet fuel price cap for marketers, ordering direct sales to airlines.
The NMDPRA had issued a directive that the cost of Jet A1 fuel for end-users should range between N1,760 and N1,988 per litre in Lagos, and N1,809 to N2,037 per litre in Abuja.
In spite of the advisory guidance from the NMDPRA, oil marketers have continued to sell aviation fuel to airlines at N2,230 per litre and above, deepening concerns across Nigeria’s aviation sector.
Ene-Ita said that although petroleum product prices had been deregulated, the latest indicative gantry price for ATK disclosed by the refinery would further support its monitoring efforts.
“All petroleum product prices have been deregulated.
“However, with particular emphasis on ATK, the Dangote Refinery, having released its latest indicative gantry prices, which they promised to publish daily going forward, will enable us to ensure tacit compliance by marketers and operators during our routine surveillance operations nationwide.
“We are not unmindful of the fact that what the Dangote Refinery is doing is a concession to help ease overhead cost pressures in the aviation sector in order not to truncate its operations.
“So, we will play our part to see that Nigerians benefit from the gesture,” he said.
The NMDPRA pricing framework was derived from Platts average figures recorded between April 17 and 23, reflecting prevailing global oil market conditions.
According to the regulator, while the benchmarks provide guidance on fair pricing, actual market prices may fluctuate outside the stated range depending on the timing of purchase and external factors.
It specifically cited heightened global volatility driven by geopolitical tensions, including the ongoing U.S.–Iran crisis, as a key contributor to the recent hike in aviation fuel prices.
Energy
Dangote Refinery Recalls Redeployed Engineers
On a conditional pardon after internal disciplinary measures linked to operational disruptions the Dangote Petroleum Refinery and Petrochemicals (DPRP) has recalled the engineers previously redeployed across its business units.
In an internal communication to staff, the company said the decision followed an extensive review process and numerous appeals from respected individuals, stakeholders, and the engineers. The refinery noted that while earlier actions were taken to protect operations and uphold organisational standards, it has now opted to offer a second opportunity to the staff.
Under the directive, according to a memo signed by the Group Vice President, Oil & Gas, Devakumar Edwin, all affected personnel will be invited for a meeting and subsequently reassigned to resume duties at the refinery.
It was gathered that the recall also covers those who did not take up earlier redeployment options offered by the company.
Management emphasised that the move reflects both a commitment to fairness and a belief in second chances, while reiterating that discipline, professionalism and adherence to corporate values remain non-negotiable.
“This decision was not an easy one. It reflects not only our belief in second chances but also serves as a clear reminder that loyalty, professionalism and adherence to organisational standards are non‑negotiable,” it said. “Effective immediately, all engineers previously redeployed to other business units, will be invited for a meeting and, subsequently, will be provided with an opportunity to render their services at our Petroleum Refinery. This would include those who did not avail the opportunity provided earlier for redeployment”.
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The company, however, issued a firm warning that any recurrence of misconduct would attract immediate and decisive sanctions, underscoring its zero-tolerance stance on actions capable of undermining operations.
The Dangote Refinery added that it expects the returning engineers to demonstrate renewed dedication as it continues efforts to strengthen operational efficiency and maintain its position as a key player in Nigeria’s oil and gas sector.
“We welcome our colleagues back, with the expectation of renewed dedication, and we look forward to working together to strengthen our operations and deliver excellence in the oil and gas sector,” it added.
Recall that the Dangote Group, in October 2025, redeployed some refinery engineers to other companies within the Group as part of measures to stabilise operations at the time.





