Panoro announces completion of the second Tortue phase 2 development well, off Gabon

Jan 26, 2020

Panoro Energy has announced the successful completion of the DTM-5H well, the second of the phase 2 Tortue development wells on Dussafu permit, offshore Gabon. The well was drilled with the Borr Norve jackup drilling rig in 115.5 m water depth as a horizontal production well in the Gamba reservoir. A long horizontal section of…

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Tlou Energy in doubt over Lesedi coalbed methane in Botswana

Jan 25, 2020

In Botswana, the coal-bed methane explorer is swimming in doubt on his Lesedi license. On Monday, he said gas production from ongoing well tests on the perimeter is inconsistent. He warns that this could distort expectations and the timetable for bringing the fields into production. Furthermore, it may not be possible to achieve commercial production,…

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Egypt signs nine agreements for oil, gas exploration worth $452M

Jan 25, 2020

Egypt signed nine petroleum agreements for oil and natural gas exploration in the Mediterranean and Western Desert regions, with a minimum investment of about $452.3 million, Minister of Petroleum Tarek el-Molla said Monday. “This is in addition to signing grants of about $84 million and drilling 38 wells,” Molla said. According to a statement issued…

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Spanish ACS withdraws from Inga III hydro project in DRC

Jan 25, 2020

The manufacturer ACS, which, with AEE Power Holding, formed the Spanish part of the Sino-Spanish consortium in charge of the construction of the Inga III dam has announced its withdrawal from the project . “ACS will not participate in the execution of the Inga project , ” said a spokesperson for the company in an…

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Africa Climate Change Fund diversifies its field of intervention on climate resilience

Jan 25, 2020

The Africa Climate Change Fund (ACCF) recently approved seven new project proposals amounting to around $4.7 million. The approval of these projects increases ACCF’s overall portfolio to 15 projects. The African Development Bank noted that these projects demonstrate how the ACCF helps Regional Member Countries to finance climate-resilient, low-carbon development. They will expand the ACCF’s…

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Zimbabwe’s ZESA to recruit new engineers, managers

Jan 25, 2020

Zesa is looking at recruiting new managers to spearhead the re-bundling of its five companies, a move that should see a sharp reduction in managerial staff once duplicated positions are eliminated. Chairman Dr Sydney Gata said Zesa was short of senior engineers and managers and did not have a pool for promotion from within. He…

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Africa’s richest woman and ex-Sonangol boss, Isabel dos Santos charged with fraud

Jan 25, 2020

Angola’s billionaire former first daughter Isabel dos Santos has been charged with money laundering and mismanagement during her stewardship of state-owned oil firm Sonangol. Documents leaked this week alleged the daughter of ex-president Jose Eduardo dos Santos, plundered state coffers to build her fortune, estimated at $2.1 billion (1.82 billion euros). “Isabel dos Santos is…

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Sonangol to go public before 2022 – Minister

Jan 24, 2020

On Wednesday, the Angolan Minister of Petroleum, Diamantino Azevedo (photo), announced that the plan to partially list Sonangol on the stock market will become a reality before 2022. Initially mentioned in October 2018, the introduction of the national jewel on the stock market will concern 30% of all shares. This first calendar will speed up…

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120 MW power plant to be built in Maria Gléta, Benin under the BOOT model

Jan 24, 2020

In Benin, the government plans to build a second 120 MW gas power plant on the Maria Gléta site. This announcement was made after the last Council of Ministers. The infrastructure will be built using the BOOT model, under which the company develops and builds the infrastructure it operates over a period of time before transferring…

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Belectric wins contract for Zafarana 50 MWp solar power plant in Egypt

Jan 24, 2020

The German company Belectric has been selected by the Egyptian authorities to develop the Zafarana solar photovoltaic project. It will supply 50 MWp to the national grid in Egypt. Several companies had been shortlisted for the construction of the future Zafaran solar photovoltaic power plant in the Gulf of Suez in north-eastern Egypt. These included…

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