Eni begins first production from Agogo field off Angola

Jan 20, 2020

Eni reports the start-up of its offshore Agogo oilfield, situated in the 15/06 Block in the Angolan waters. The start-up takes place just nine months after its discovery thanks to the operational synergies facilitated by the Floating Production Storage Offloading (FPSO) Ngoma, West Hub production centre, situated 15km from the oilfield. The start-up was carried out with…

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Ghana loses over $200m in downstream petroleum revenue annually – VP

Jan 19, 2020

The Vice President, Dr Mahamudu Bawumia, has said that the country loses over 200 million dollars per annum in tax revenues due to illicit activities in the downstream petroleum sector. He said the illicit activity, which comes in the form of illegal bunkering, smuggling of petroleum products, and dumping of products meant for export on…

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Senegalese-American singer Akon plans to develop eco-friendly city

Jan 19, 2020

Following a memorandum of understanding signed with the Company for the Development and Promotion of Senegal’s Coasts and Tourist Zones (Sapco), Akon, the Senegalese-American hip-hop star, has committed to building an ecological city in Mbodième, Senegal. Akon City is the new label that Akon, the Senegalese-American music star, is carrying. He has just committed himself…

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Zenith overcomes ‘major hurdle’ in acquisition of AAOG Congo

Jan 19, 2020

Shareholders of Anglo African Oil & Gas (AAOG) have approved the sale of an 80 percent stake in its subsidiary Anglo African Oil & Gas Congo to London-listed oil firm Zenith Energy. Zenith Energy said on Monday that the shareholders of AAOG had passed a resolution to approve the sale to Zenith at a general…

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Zakhem, the contractor for Kenyan oil pipeline, suffers financial blow

Jan 19, 2020

Lebanese firm Zakhem Construction, which constructed the 450-kilometre Mombasa-Nairobi oil pipeline suffered a financial blow, following a court order that has allowed consultancy Quality Inspectors to recover Sh170 million from its accounts held at Stanbic Bank. Last month, Justice David Majanja allowed Quality Inspectors to recover the money, but court proceedings now show that Zakhem…

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Prepare for oil exploration activities at Avenor Traditional Area – Akufo-Addo

Jan 18, 2020

President Nana Addo Dankwa Akufo-Addo has advised the Avenor Traditional Council in the Volta Region to begin the process of mapping out land titles in their communities before the discovery of onshore oil in the near future. Government, through the Ghana National Petroleum Commission, is in the process of discovering onshore oil in commercial quantities…

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Consortium wins contract for the construction of the Agadez hybrid power plant, Niger

Jan 18, 2020

The contract for the construction of the Agadez hybrid solar / diesel power plant was awarded to a group of companies made up of the French Vergnet, Sterling and Wilson, and SNS, learned Niamey and both days . The consortium has won this market against six French and international competitors, we learned. Financed by the…

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Angolan crude programme emerges

Jan 18, 2020

Spot trade was subdued on Thursday as traders awaited allocations following the release of the latest Angolan loading programme. Angola’s state firm Sonangol issued its preliminary March programme with 45 cargoes, up from 41 cargoes in February. Around five Angolan cargoes remained from the February programme and one or two from January being offered on…

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Kenya slashes oil export target to 400,000 barrels per annum

Jan 17, 2020

Kenya has cut its crude oil export projections to 400,000 barrels per year between 2021 and 2023 in what signals a depressing assessment in the international market. That forecast is lower than this year’s shipment target of 500,000. Petroleum Principal Secretary Andrew Kamau said the government will focus on field development and construction of a…

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Efacec secures EPC contract for 41MWp solar plant in Mozambique

Jan 17, 2020

Efacec was selected for the engineering, procurement and construction (EPC), and operations and maintenance (O&M) of a 41MWp solar plant located in Metoro, north of Mozambique. With an area of about 138 hectares, this infrastructure has a production capacity of 68GWh per year. It will be the Solar Power plant with the highest installed capacity…

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