African News

Anadarko announces Mozambique LNG SPA with CNOOC

Feb 4, 2019

Anadarko Petroleum has announced Mozambique LNG1 Company Pte. Ltd., the jointly owned sales entity of the Mozambique Area 1 co-venturers, has signed a Sale and Purchase Agreement (SPA) with CNOOC Gas and Power Singapore Trading & Marketing Pte. Ltd. (CNOOC). The SPA is for 1.5 million tonnes per annum (MTPA) for a term of 13…

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FirstRand joins ranks of banks exiting funding of new coal-fired power plants

Feb 4, 2019

FirstRand Bank has joined the exodus of local banks that had been funding new coal-fired power plants in South Africa and in particular the Thabametsi and Khanyisa independent power producer projects. These two projects are included in the draft integrated resource plan for electricity, Draft IRP 2018, for completion in 2023 and 2024. The IRP…

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Political co-operation needed to build on Zohr success – Egyptian Minister

Feb 3, 2019

Political co-operation, as well as political stability, is needed to capitalise on the success of Zohr and transform the eastern Mediterranean into a gas energy hub, according to Tarek El Molla, Egypt’s Minister of Petroleum and Energy Resources. The Minister made the remarks during a ministerial panel session at BHGE’s Annual Meeting in Florence on…

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BP sounds out floater players over PAJ project off Angola

Feb 1, 2019

UK supermajor BP is in talks with contractors to provide a floating production, storage and offloading vessel for its Palas-Astraea-Juno project in Block 31 off Angola. Industry sources said that while a phased subsea tieback to the existing PSVM FPSO in Block 31 remains a possibility, a stand-alone project based on an FPSO has been…

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Renewable power surge in Africa faces worker shortage problem

Feb 1, 2019

In sub-Saharan Africa, where more than 600 million people still lack access to electricity, off-grid renewable power is seen as one of the fastest ways to get energy where it’s needed, particularly to remote and rural areas where many Africans live. But one big challenge stands in the way, experts say: Too few trained workers…

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Panoro Energy provides update on Tunisian oil and gas assets

Feb 1, 2019

Panoro Energy has provided an update on its Tunisian oil & gas assets. Material progress is being reported on the TPS assets (recently acquired from OMV) and the Sfax Offshore Permit (‘SOEP’). At TPS, immediate production opportunities have been identified which should increase the existing daily output in the short term, while further opportunities exist…

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Zimbabwe’s Zesa engages BCC over power station

Feb 1, 2019

State power utility Zesa Holdings says it will engage Bulawayo City Council (BCC) and other stakeholders to resolve the ownership wrangle over Bulawayo Power Station, which BCC claims to own. This comes after BCC and a residents association objected to attempts by Zesa to have the generation licence for the power plant extended by 20…

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Mozambique police arrest 3 over insurgent attacks around LNG complex

Feb 1, 2019

Mozambique police have arrested three people on suspicion of leading insurgent attacks in Cabo Delgado, where Anadarko Petroleum, Eni and ExxonMobil are lead investors in a huge liquefied natural gas complex under construction at Afungi, outside Palma. A spokesperson for Nampula province’s police force said information obtained from the arrested trio “Has allowed the defence…

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National Assembly members ask pertinent questions on oil exploration in The Gambia

Feb 1, 2019

Important questions were asked by National Assembly members relating to oil exploration in The Gambia, which the people need to know. During the question and answer session on 20th December, 2018 during the Fourth Ordinary Session of the Gambia National Assembly, members of the National Assembly raised the questions stated below. The Member for Wuli…

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Sonatrach contracts CHEC for LNG terminal

Feb 1, 2019

The oil society Sonatrach Algerian has undersigned with the Chinese Lowers Harbour Engineering Company (CHEC) a contract EPC of the value of 52 billion dinari (383 million euros) for the planning and the construction of harbour infrastructures in the new harbour area called El-Djedid of the port of Skikda. The store clerk regards the construction…

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