African News

Equatorial Guinea set for increase in offshore drilling by 2019

Dec 13, 2018

Eleven new oil and gas wells are set to be drilled next year in Equatorial Guinea, with total planned investments of $2.4 billion, according to the Ministry of Mines and Hydrocarbons. So far five rigs have been contracted to drill new wells, with the line-up including greenfield offshore prospects held by ExxonMobil, Kosmos Energy, Marathon…

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Angola attempts to ramp up oil exploration to stop output drop

Dec 12, 2018

Angola’s state-run oil and gas company is ramping up efforts to lure foreign investors and halt a decline in crude output. Once Africa’s biggest oil producer, output has tumbled in recent years due to under-investment in new projects and natural declines at aging fields. Failure to halt this decline will put severe strain on an…

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Tanzania signs $3b hydro power deal in heritage site

Dec 12, 2018

Tanzania will build a $3 billion hydroelectric plant in a UNESCO world heritage site under a contract announced on Wednesday involving Egyptian companies despite concerns raised about the impact on wildlife. Tanzanian President John Magufuli, has pushed for the project to start despite concerns raised about the impact on the Selous Game Reserve. Known for…

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Total wins contracts for 2 deep offshore blocks in Mauritania

Dec 12, 2018

Total (Paris:FP) (LSE:TTA) (NYSE:TOT) and the Ministry of Petroleum, Energy and Mines of Mauritania have signed an agreement awarding Total two new exploration and production contracts for Blocks C15 and C31 deep offshore Mauritania, covering an area of 14,175 square kilometers. According to the terms of the contracts, Total will be the operator of these…

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UK funding for renewable energy projects to benefit 2.4m people annually in Africa

Dec 12, 2018

Hundreds of thousands of people in sub-Saharan Africa will get access to electricity for the first time thanks to an extra £100 million of funding from the UK government. The new investment triples funds for the Renewable Energy Performance Platform (REPP), to support up to 40 more renewable energy projects over the next five years.…

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Eni begins production from Vandumbu field offshore Angola

Dec 12, 2018

Italian oil and gas company Eni has started production from the Vandumbu field in Block 15/06 offshore Angola, through the West Hub N’Goma FPSO. The Block 15/06 is located approximately 350 km North west of Luanda and 130 km west of Soyo. Eni said on Monday that the first oil from the Vandumbu field was…

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FMO backs $32.5m electrification facility for Tanzania

Dec 12, 2018

In Tanzania, an estimated 145,500 households will soon have access to reliable and affordable power through the recent signing of a $32.5 million finance facility. FMO the Dutch development bank and lead financier, signed with ZOLA Electric and Symbiotics, an investment firm specialised in emerging, sustainable and inclusive finance on Monday. Bill Lenihan, Co-CEO, ZOLA…

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Cote d’Ivoire to get first floating solar power station in Africa

Dec 12, 2018

The French Development Agency (AFD) will finance a project to build the first floating solar power station in Africa. The project will be located in Côte d’Ivoire and was announced by the country’s Minister of Petroleum, Energy and Renewable Energies, Thierry Tanoh. According to the Minister, this government initiative responds to the country’s need to…

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Ghanaian mineral water producer Special Ice set to go solar

Dec 12, 2018

Ghanaian natural mineral water producer Special Ice Company Ltd has contracted solar installer Redavia to equip a factory in Ghana with nine solar arrays totalling 756 kW. More specifically, Redavia will install solar power systems at the Special Ice factory in the Oyarifa district in Accra. Redavia offers a pay-as-you-go solution that consists of a…

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Eni announces new oil discovery in Block 15/06, offshore Angola

Dec 12, 2018

Eni struck a new oil discovery in the Afoxé exploration prospect located in Block 15/06, offshore Angola. The discovery is estimated to contain between 170 and 200 million barrels of light oil in place. The Afoxé-1 NFW well, which has led to the new oil discovery, is located in the south-east area of Block 15/06,…

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