African News

Major investments made in Rwanda’s energy sector in 2019

Jan 9, 2020

In Rwanda, 51% of investments in 2019 were made in the energy sector. This data was communicated by the country’s national development agency. In fact, $ 2.5 billion was injected into the Rwandan economy, a figure up 22.6% compared to that of 2018. Of these funds, $ 1,279 million was devoted to the sector of energy.…

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Senegal approves Sangomar field development plan

Jan 9, 2020

Woodside reports that the Government of Senegal has approved the Rufisque Offshore, Sangomar Offshore and Sangomar Deep Offshore (RSSD) joint venture Exploitation Plan and granted the Exploitation Authorisation for the Sangomar Field Development. Commencement of the execute phase of the Sangomar Field Development Phase 1 (Sangomar Development) is subject to final execution of the Host Government Agreement with the Government of Senegal and…

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Serowe CBM project in Botswana gets environmental approval

Jan 9, 2020

Strata-X Energy has announced that following on the field-work, community consultations, development planning and public commenting, the Botswana Department of Environmental Affairs has approved the Environmental Impact Assessment (EIA) on the Companys Serowe CBM Project. With the approval of the EIA, Strata-X has the clearance to drill and test up to 75 additional wells covering 3 prospecting licenses within the high-grade area…

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VAALCO Energy’s Etame 11H development boosts production in Gabon

Jan 9, 2020

VAALCO Energy has provided an update on its 2019/2020 drilling program offshore Gabon and reported 2019 production volumes. Highlights Successfully completed the Etame 11H development well including approx. 860 feet of horizontal section in the Gamba reservoir; Brought the Etame 11H well onto production in early January 2020 at a higher-than-expected stabilized initial flow rate of…

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AGOCO increases production at Nafoura oilfield, Libya

Jan 9, 2020

Arabian Gulf Company (AGOCO) engineers and specialists have increased production capacity at the Nafoura oilfield by 5925 barrels per day, following the successful tie-in of well Y3 to production facilities at the field on Sunday, December 22, 2019. AGOCO also resumed production from wells Z1 and Z4 at the Hamada oil field, which had been…

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Angola sees more crude trading but cargoes still linger

Jan 9, 2020

Angolan state oil company Sonangol was heard to have sold a cargo of Olombendo crude on Wednesday, though supply of February-loading cargoes remains ample due to lacklustre demand. About 13-14 of Angola’s 38 cargoes for February are still for sale, traders said, plus 3-4 cargoes being re-sold. That is a large volume for this stage…

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Chinese firm to install 500MW of solar in Egypt

Jan 8, 2020

China Gezhouba Group Company Limited (SHA:600068) has secured a contract to build distributed solar power generation facilities with a combined capacity of 500 MW across Egypt, its parent China Energy Engineering Corporation (HKG:3996) said on Friday. The USD-287.5-million (EUR 261.3m) contract, signed recently, covers design, construction work, equipment procurement, installation, commissioning and supply of spare parts. The agreement is for…

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Cameroonian state electricity firm unable to pay creditors despite profits

Jan 8, 2020

In a recent interview published by Eneo, Eric Mansuy, the new CEO of the Cameroonian subsidiary of the British company Actis, explains why the electrician “  cannot pay its suppliers when its balance sheet establishes a profit of more than 11 billion FCFA in 2018  ”. “  The balance sheet effectively establishes a profit. But, it is an accounting…

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Royal Techno launches explorations on two geothermal sites in Uganda

Jan 8, 2020

The Ugandan government recently issued permission to Royal Techno Industries to explore two geothermal sites in the Nebbi and Hoima districts in the northwestern part of the country. Is Uganda’s geothermal potential on its way to being exploited? At least that is the ambition of the exploration project which will start in January 2020. The…

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Sound Energy and Morocco’s ONEE extend gas supply negotiations

Jan 8, 2020

In Morocco, the British gas company Sound Energy has just provided an update on its activities in the country. According to the document, it is continuing negotiations with the National Office for Electricity and Drinking Water (ONEE) for the sale of its natural gas, in accordance with the memorandum of understanding signed last October. These could…

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