African News

Sonangol to go public before 2022 – Minister

Jan 24, 2020

On Wednesday, the Angolan Minister of Petroleum, Diamantino Azevedo (photo), announced that the plan to partially list Sonangol on the stock market will become a reality before 2022. Initially mentioned in October 2018, the introduction of the national jewel on the stock market will concern 30% of all shares. This first calendar will speed up…

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120 MW power plant to be built in Maria Gléta, Benin under the BOOT model

Jan 24, 2020

In Benin, the government plans to build a second 120 MW gas power plant on the Maria Gléta site. This announcement was made after the last Council of Ministers. The infrastructure will be built using the BOOT model, under which the company develops and builds the infrastructure it operates over a period of time before transferring…

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Belectric wins contract for Zafarana 50 MWp solar power plant in Egypt

Jan 24, 2020

The German company Belectric has been selected by the Egyptian authorities to develop the Zafarana solar photovoltaic project. It will supply 50 MWp to the national grid in Egypt. Several companies had been shortlisted for the construction of the future Zafaran solar photovoltaic power plant in the Gulf of Suez in north-eastern Egypt. These included…

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AMPC to support Equatorial Guinea’s Year of Investment initiative

Jan 24, 2020

The Atlantic Methanol Production Company (AMPCO), which operates in Equatorial Guinea, has announced its support to the expansion and diversification of the country’s downstream sector, African Energy Chamber said on Thursday. AMPCO, which  runs one of Africa’s largest methanol plants on Bioko Island in Equatorial Guinea, said it decided to support the ongoing Year of…

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Coronavirus could affect oil demand and reduce the price of a barrel of oil by $3

Jan 24, 2020

The Coronavirus now constitutes an international threat which could affect the oil market. Oilman Sachs Investment Bank study finds that oil demand could drop by 260,000 barrels a day in the coming days, which should translate into a decline of three dollars per barrel due to risks associated with the spread of the epidemic. Indeed, the…

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Total and Tullow launch joint sale of their stakes in Kenyan oil project

Jan 24, 2020

Total (TOTF.PA) and Tullow Oil (TLW.L) aim to reduce their stakes in Kenya’s first oil development with a joint sale that could see Tullow exit completely amid uncertainty over the project’s launch, banking and industry sources said. The two oil and gas producers have hired French bank Natixis to run the joint sale process for…

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SAExploration secures two seismic acquisition deals in West Africa

Jan 24, 2020

SAExploration has announced two new projects in offshore West Africa.  The projects are valued at approx. $42 million in aggregate and are scheduled to occur primarily during the 2nd quarter of 2020 and last approx. 71 days.  Services to be provided will include 3D/4D data acquisition utilizing autonomous ROV-deployed nodal recording technology in water depths up to 1,700…

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Ghana looks to generate nuclear power by 2030

Jan 24, 2020

Ghana is expected to generate nuclear power by 2030. Executive Director for Nuclear Power Ghana (NPG) said they are on course to meet this deadline. The NPG is working to complete the first phase of the implementation plan by the end of 2020. The Executive Director for Nuclear Power Ghana (NPG), Ing. Theo Nii Okai…

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SDX provides update on Morocco operations

Jan 24, 2020

SDX Energy, the Middle East and North Africa-focused oil and gas company said it expects production to get a boost from new drilling in Morocco and Egypt. The company, which saw its 2019 production rise 12 per cent to 4,020 barrels of oil equivalent per day (boe/d) compared the year before said it sees 2020…

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South Sudan extends pre-qualification for environmental audit of its oilfields

Jan 24, 2020

The Republic of South Sudan has invited companies to bid for a tender to conduct a full environmental audit of the country’s oilfields On the 9th of January 2020, the Government of the Republic of South Sudan announced a tender for a comprehensive environmental audit of all the country’s producing oilfields. The Ministry of Petroleum…

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