African News

Maersk semi-sub rig gets new job in Egypt

Jul 2, 2019

Danish offshore drilling contractor Maersk Drilling has been awarded a contract by Edison E&P for its Maersk Discoverer drilling rig. Maersk Drilling informed through its social media channels on Tuesday that Edison E&P had signed on its Maersk Discoverer to drill an exploration well in the North Thekah gas field located offshore Egypt. The contract…

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MoU between Eskom and SA municipalities touted as solution to improve revenue collection

Jul 2, 2019

The Financial and Fiscal Commission (FCC) on Monday recommended that a Memorandum of Understanding be signed between Eskom and municipalities in order to improve revenue collection. “We believe that having this Memorandum of Understanding (MoU) in place will restore the constitutional responsibilities of municipalities,” said the Commission’s Chairperson Daniel Plaatjies. Plaaitjies was briefing reporters in…

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IMF advises Angola over scrapping of energy, water subsidies

Jul 2, 2019

The International Monetary Fund (IMF) defends the elimination of subsidies for water and energy, arguing that they benefit more people with greater financial power. This was during an interview the IMF Resident Representative in Angola, Max Alier, granted to the State-run news paper (Jornal de Angola) on Monday. Alier said in his view the subsidies…

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South African Energy Minister announces adjustment of fuel prices

Jul 2, 2019

The Minister of Mineral Resources and Energy, Mr Gwede Mantashe, announces the adjustment of fuel prices for July 2019 based on current local and international factors with effect from the 3rd of July 2019. South Africa’s fuel prices are adjusted on a monthly basis, informed by international and local factors. International factors include the fact…

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Ghana’s NPA bans LPG operators from discharging products after 6pm

Jul 2, 2019

The National Petroleum Authority (NPA) has banned LPG operators from discharging LPG products into their storage tanks after 6pm. Henceforth, the petroleum downstream regulator wants LPG discharge to be done only during the day. The regulator has also directed that LPG discharge from Bulk Road Vehicles (BRVs) would be undertaken only in the presence of…

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Gridworks invests in pan-African solar firm

Jul 1, 2019

Gridworks, the new company launched this month by CDC to invest in electricity networks across Africa, has made its first investment. Gridworks is making a 106.7m South African Rand (c. US$7.5 million) equity investment to become a shareholder in Mettle Solar Investments (“Mettle”), a leading pan-African commercial and industrial solar platform company that provides a…

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Kenya Power opens investigation into allegations of fraud in postpaid billing system

Jul 1, 2019

The Kenya Power has assured that it will cooperate with the Directorate of Criminal Investigations (DCI) in investigations involving theft of millions of shillings in the postpaid billing system. DCI boss George Kinoti said he has opened an investigation into inflated bills on individual customers and companies in an apparent collusion likely to see senior…

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Eskom’s Medupi Unit 3 achieves commercial operations

Jul 1, 2019

Eskom has announced that Unit 3 at its Medupi Power Station Project in Lephalale, Limpopo, has attained commercial operation status. “The unit was officially declared commercial after the completion of the unit optimisation, control demonstration, 72 hours and the 30 day reliability runs, putting all performance guarantees to effect,” the power utility said. It said…

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Penspen partners MJMEnergy for study of gas pipeline network in Senegal

Jul 1, 2019

Penspen has partnered with MJMEnergy, a leading gas and energy consultancy, for the gas-to-power study early development phase in Senegal. Penspen will be providing the key technical services for the sizing and routing of the pipeline network options, plus cost estimating. The integrated MJMEnergy and Penspen team will work closely with the government of Senegal…

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Independent report estimates substantial resource potential at Invictus Energy project in Zimbabwe

Jul 1, 2019

Highlights Total Prospective Resource of 9.25 Tcf + 294 million barrels# of conventional gas / condensate (gross mean unrisked) across SG 4571 in Mzarabani and Msasa prospects Mzarabani Prospect estimated to contain 8.2 Tcf + 250 million barrels# of conventional gas / condensate (gross mean unrisked) across 5 horizons Additional Msasa Prospect identified in SG…

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