African News

Mozambique project set to keep TechnipFMC busy

Jun 24, 2019

Global energy project TechnipFMC has been awarded a number of subsea contracts by Anadarko Moçambique Área 1, Lda, a wholly owned subsidiary of Anadarko Petroleum Corporation, for its Mozambique Golfinho/Atum development. TechnipFMC was awarded a majorContract for the Engineering, Procurement, Construction and Installation (EPCI) of the subsea hardware system through its wholly owned UAE incorporated…

Read More

Ghana’s electricity tariff up 11.17%

Jun 24, 2019

Electricity tariff has been increased by 11.17 per cent, effective Monday, July 1, this year, the Public Utilities Regulatory Commission (PURC) which approved the hike has announced. The 2019-2020 major tariff review decision followed “prudent” cost review and effective monitoring undertaken by PURC, a statement issued by Mrs Mami Dufie Ofori, executive secretary, in Accra…

Read More

China’s Silk Road Fund acquires 49% stake in Africa focused renewable energy firm

Jun 24, 2019

ACWA Power, a leading developer, owner, and operator of power generation and water desalination plants signed an agreement with Silk Road Fund, introducing it as a partner and shareholder in ACWA Power Renewable Energy Holding Ltd (ACWA Power RenewCo) – ACWA Power’s renewable energy platform that currently owns a number of its existing renewable energy…

Read More

Netherlands’ Supernova signs PSC for block offshore Guinea-Bissau

Jun 24, 2019

Netherlands-based Bluewater Group subsidiary Supernova has been awarded Block 7C offshore Guinea-Bissau. The production sharing licence has finally been signed off and now awaits ratification by President Jose Mario Vaz. The operator already operates Block 7B.   Source: Upstream

Read More

Gabon’s new petroleum code set for court review

Jun 24, 2019

Gabon’s revised Petroleum Code is currently before the country’s Constitutional Court for review, according to newly-appointed Gabon Minister of Petroleum, Gas & Hydrocarbons, Noel Mboumba. The Bill had been passed by the National assembly on 30 May before evaluation by the Senate and that the package will be presented to President Ali Bongo during the…

Read More

Liberia’s LEC says Maryland, Grand Gedeh customers to begin paying for current

Jun 23, 2019

“Metered customers will be billed for payment at the end of the month, while unmetered customers will be placed on flat-rate … based on consumption or load,” LEC says Authorities of the Liberia Electricity Corporation (LEC) have disclosed that customers in Grand Gedeh and Maryland counties will commence payment of electricity bills beginning June. According…

Read More

Ghana’s BOST works to retrieve abandoned pipelines from US

Jun 23, 2019

The Bulk Oil Storage and Transportation Company Limited (BOST) on Wednesday, signed a Collective Bargaining Agreement (CBA) with its Senior Staff Association to outline entitlements and disciplinary procedures of employees. A statement copied the Ghanaian Times said the agreement was signed following years of inconclusive discussions. Among other things, the CBA seeks to address discrepancies…

Read More

Portuguese Bloc evaluates new entrant Equatorial Guinea’s oil and gas sector capacity

Jun 21, 2019

The Community of Portuguese Language Countries (CPLP) is exploring the capacity of the oil and gas industry in Equatorial Guinea, its newest member. This has been among the highlights of the Monitoring Mission of the Equatorial Guinea Adhesion Programme to the organisation, which concluded last week in the capital Malabo. The adhesion programme is in…

Read More

France’s AFD loan ignites Tunisian smart grid project

Jun 21, 2019

The ambitious Tunisia smart grid project is set to kick off after parliament approved a US$131.7 million loan request from French Development Agency (AFD). The loan, which is to be repaid over 20 years with a grace period of up to 7 years, is part of the Tunisian government’s efforts to establish a strategy of…

Read More

Stanbic reiterates commitment to Ghana’s mining and energy sectors

Jun 21, 2019

Stanbic Bank Ghana has reiterated its keen interest in contributing to the development of the metals and mining industry in Ghana. Juliet Sheiddy Akamboe, Manager, Client Coverage, Metals and Mining, Stanbic Bank Ghana, speaking on the sidelines of the Ghana Mining Summit held in Accra, said, “Ghana is Africa’s current largest producer of gold in…

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...