African News

Oil block deposits dispute raises Somalia-Kenya tensions

May 24, 2019

The Somali government says it’s not ready to take any action that could threaten its relationship with its neighbor Kenya. The announcement comes amidst simmering tensions over potential offshore oil deposits and an incident where Somali government officials and diplomats were denied entry to Kenya this week. In a leaked protest letter, the Somali government…

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BBOXX Secures funding for solar home system roll-out in Rwanda

May 24, 2019

BBOXX, the next generation utility, has secured an USD$8 million loan from the Facility for Energy Inclusion Off-Grid Energy Access Fund (FEI OGEF). The local currency loan – one of the first to be made since the fund’s launch last year – accelerates BBOXX’s roll-out of solar home systems across Rwanda, its largest market. The…

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South Africa’s NERSA confirms receipt of energy plan deviation letter

May 24, 2019

The National Energy Regulator of South Africa (Nersa) has confirmed receiving Energy Minister Jeff Radebe’s letter of deviation from the country’s Integrated Resource Plan as well as applications for generation licences. “Nersa hereby confirms that it has received a letter from the Minister of Energy on 2 May 2019, granting deviation from the existing IRP…

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Damen delivers fast crew supplier to Octomar in Angola

May 24, 2019

Independent Angolan diving services company OCTOMAR Serviços Marítimos Limitada has taken delivery of its first vessel from the Damen Shipyards Group; a Fast Crew Supplier (FCS) 2206. The vessel was selected for its ability to undertake a variety of roles, including supporting diving operations and deploying an observation class ROV operations to undertake subsea inspections and…

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BW Offshore spins off BW Energy to focus on Gabon, others

May 24, 2019

Highlights: Establishing BW Energy as a separate E&P company with a diversified portfolio of production and development assets Substantial growth potential with unique low-risk development strategy supported by BW Offshore’s (BWO) existing FPSOs, track-record and experience In advanced negotiations for USD 200m Reserve Based Lending facility based on Dussafu reserves, expected to close in 2019…

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Liberia’s Commerce Ministry says no change in U.S.D. price for gas, fuel

May 24, 2019

Commerce Ministry says the price of Gasoline and Fuel in USD remain the same for the current circular period. the exchange rate is US$1 to US$180. The Ministry of Commerce and Industry, in consultation with the Liberian Petroleum Refining Company (LPRC), says there is no change in the US Dollar price of gasoline (PMS) and…

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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…

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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…

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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…

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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…

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