African News

Angola set for South African energy expansion

May 24, 2019

As Angola works in attracting foreign investors from the Americas, Europe, the Middle East and Asia, its closest African neighbors are also entering the race to tap into vast investment opportunities in Africa’s second biggest oil producing market. Beyond the traditional African oil players, most of them coming from Nigeria, South African companies have increasingly…

Read More

International oil independents crash out of Africa

May 24, 2019

The European/American independent E&P company has become an endangered species in Africa. This type of company is either farming down from transformational projects, being swallowed a whole or leaving the continent on its own volition. Occidental’s ongoing purchase of Anadarko, the most aggressive independent explorer on the continent, comes with a parallel transaction: all of…

Read More

French, Swiss companies supply fuel to Angola

May 23, 2019

French company Total Oil Trading SA (TOTSA) will supply gasoline to the Angolan market in the coming 12 months. This was announced Tuesday in Luanda by the State-owned Oil Company, Sonangol. Sonangol also announced the supply of diesel and marine diesel by the Swiss company Trafigura, which had already operated in Angolan market. The decision…

Read More

Liberia transfers all hydrocarbon regulatory functions to LPRA

May 23, 2019

President George Manneh Weah has challenged the Liberia Petroleum Regulatory Authority (LPRA) and the National Oil Company of Liberia (NOCAL) to engage with international oil companies and other global partners in building an economically successful and sustainable oil and gas sector. His statement came in the wake of the NOCAL and LPRA approved transition plan…

Read More

Malawian State Power Co. signs PPAs for 140MW of renewables

May 23, 2019

Malawian state-owned power distributor Electricity Supply Corporation of Malawi Ltd (ESCOM) signed on Monday 14 power purchase agreements (PPAs) with several independent power producers (IPPs), local media reported. The signatories are Germany’s Droege Energy GmbH, US consortium Quantel Renewable Energy Company Ltd, Malawi-based solar firm Atlas Energy Ltd and Electricity Generation Company Malawi Limited (Egenco),…

Read More

Africa on track to multiply solar capacity six fold by 2030 – Report

May 23, 2019

A new report released by the German Solar Association (BSW-Solar) and the Becquerel Institute have revealed that with the arrival of many international investors and the race for solar projects, Africa is on track to multiply its current solar capacity six-fold or 30 gigawatts (GW) by 2030. According to the Solarise Africa Market Report, the…

Read More

100% renewable energy achievable in West Africa by 2050 – EWG Report

May 23, 2019

Nigeria and other members of the Economic Community of West African States (ECOWAS) can adopt  renewable energy 100 per cent by 2050,  a report by the Energy Watch Group (EWG) and the Lappeenranta-Lahti University of Technology (LUT) has said. The report entitled: “Global energy system based on 100 per cent renewable energy”formed the crux of…

Read More

South Africa’s giant wind projects set to come on stream in August 2020

May 22, 2019

Turbine tower sections for the Kangnas Wind Farm and Perdekraal East Wind Farm are being transported from the Port of Saldanha Bay and from Atlantis to the project sites. The two wind projects, which form part of Bid Window 4 of the Renewable Energy Independent Power Producers Procurement Programmes, will be connected to the country’s national grid by August 2020. Both incorporate considerable…

Read More

Fuel price hike looms as Reserve Bank of Zimbabwe scraps 1-1 exchange rate for oil firms

May 22, 2019

Zimbabweans should brace for another hike in fuel prices as Reserve Bank of Zimbabwe (RBZ) governor, John Mangudya Monday ordered a stop in the 1:1 exchange rate window government had extended to Oil Marketing Companies (OMC). In a statement Monday, Mangudya ordered the use of the interbank market to promote the efficient use forex and…

Read More

Somalia passes petroleum law, paves way for exploration

May 22, 2019

Somalia passed a petroleum sector law on Monday, paving the way for exploration in its waters that could potentially transform the troubled country’s economy if hydrocarbon riches are found. The new legislation allows for the creation of institutions to oversee the sector and for revenue sharing between the central government and federal states, among other…

Read More

SUBSCRIBE TO LATEST ENERGY NEWS

Read the latest energy industry news and researched articles
for oil and gas, power generation, renewable energy, events and more...