African News

Maersk Supply secures FPSO mooring job in Gulf of Guinea

Apr 25, 2019

Maersk Supply Service has been chosen to deliver an integrated FPSO mooring installation and replacement solution for an American oil major in the Gulf of Guinea. Maersk Supply Service will provide the full work scope from project management to execution. Responsibilities undertaken as part of the project include engineering, procurement, transportation of mooring equipment, safety…

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Chinese envoy says 300MW coal power plant project in Malawi still on

Apr 25, 2019

Ambassador of the People’s Republic of China Liu Hongyang said the on the 300 megawatts (MW) Kam’mwamba Coal-Fired Power Plant Project in Neno, with a lifespan of 30 years, is still alive and some studies are still underway. He was speaking in Lilongwe on the sidelines of the Belt and Road Initiative (BRI), as part…

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Tanzanian Govt issues $309.645m advance payment to Stiegler’s Gorge contractor

Apr 25, 2019

The government today has issued an advance payment amounting to $309.645 million (Sh688 billion) to Egyptian company- Arab Contractors for the construction of the 2, 115 MW Stiegler’s Gorge Hydropower project on Rufiji River. The government and Arab Contractors in December, 2018 signed a contract worth Sh6.558 trillion fully funded by the Tanzanian government. The…

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Rwanda set to get nuclear research centre in 5yrs

Apr 25, 2019

Rwanda is considering setting up a Centre for Nuclear Science and Technology (CNST) within the next five years, an official from the Ministry of Infrastructure has revealed to The New Times. Robert Nyamvumba, the Energy Division Manager at the ministry, said that talks are underway with Russia’s State Atomic Energy Corporation (ROSATOM), to set up…

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ExxonMobil acquires more exploration acreage off Namibia

Apr 25, 2019

ExxonMobil will increase its exploration acreage in Namibia with the addition of approx. 7 million net acres (28,000 sq kms) following the signing of an agreement with the government of Namibia and the National Petroleum Corporation of Namibia (NAMCOR) for Blocks 1710 and 1810, and farm-in agreements with NAMCOR for Blocks 1711 and 1811A. Adds approx. 7 million net acres in four…

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Sonangol yields $2.8bn in first quarter

Apr 25, 2019

Angola’s State-owned oil company Sonangol has announced that it generated USD 2.8 billion in the first quarter of 2019, with the sale of 45.1 million barrels of oil at the average price of USD 63,131. The data were released by the company’s chairperson of Executive Committee for International Marketing, Luis Manuel, who cited a revenue…

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Gambian Energy Ministry holds forum on optional power generation

Apr 25, 2019

The Ministry of Petroleum and Energy, recently held a day forum on the Mini-grids Small Scale Electricity Generation, which will increase access and stimulate social economic development. The inception workshop which was held at a local hotel in Kololi, was attended by stakeholders including senior Government officers. Lamin Camara Permanent Secretary at the Energy Ministry,…

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Angolan Petroleum Minister strategizes on gas monetization

Apr 25, 2019

In a recent interview with Petroleum Africa, Angola’s Minister of Petroleum, Dr. Diamantino Azevedo, discussed gas monetization in the southern African country. According to H.E. Azevedo, over the years Angola had previously somewhat missed out on the opportunity that its natural gas resource offers. “The country currently produces about 3 billion cubic feet a day of…

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TransGlobe Energy announces operations update in Egypt, others

Apr 24, 2019

TransGlobe Energy has announced its Q1 operations update. All dollar values are expressed in US dollars unless otherwise stated. UPDATES Production averaged ~15.9 MBoepd in Q1 2019 (January ~15.8 MBoepd, February ~15.0 MBoepd and March ~16.9 MBoepd) versus 15.3 MBoepd in Q4 2018; Drilled 2 oil wells (M 10, NWG 38A8) and re-entered/deepened 2 water disposal…

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Namibia’s Cabinet approves revised electricity supply model

Apr 24, 2019

Cabinet has approved a revised single buyer market model for the supply of electricity, which allows more independent power producers to compete. This model will be implemented in September this year. The modified model allows electricity consumers and independent power producers (IPPs) to transact with each other directly for the supply of electricity, to allow…

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