BBOXX aims to double RDC’s electrification rate by 2024 using off-grid solar solutions

Jan 22, 2020

The supplier of off-grid solar solutions BBOXX has signed with the government of the Democratic Republic of Congo (DRC), a new memorandum of understanding. The latter involves the electrification, by 2024, of 10 million Congolese citizens, or around 10% of the country’s population. “With the demographic growth of the DRC, new network connections are necessary each…

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FAR signs pact with Glencore to market Sangomar field oil

Jan 22, 2020

FAR Limited has signed a binding Memorandum of Understanding (‘MoU’) with Glencore Energy (UK) for the full allocation of the Company’s share of crude oil from the Sangomar field. FAR has also provided an update to the development operations prior to settlement of the placement shares scheduled for 23 January 2020. Marketing of FAR share of oil The binding…

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United Oil & Gas provides update on Egyptian operations, Rockhopper acquisition timetable

Jan 22, 2020

AIM-listed United Oil & Gas has provided an update on the proposed acquisition of Rockhopper Egypt from Rockhopper Exploration.  Rockhopper Egypt holds a 22% non-operating interest in the producing Abu Sennan concession, onshore Egypt (see announcements of 23 July 2019 and 18 December 2019 for further details).  This update provides further detail regarding the ASH-2 well which was recently drilled at Abu Sennan,…

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Economic opportunity of $24bn per year exists in Africa’s solar off-grid market – Report

Jan 22, 2020

The off-grid energy market in Africa represents an economic opportunity of the order of $ 24 billion per year. This is what emerges from the study “The Grid won’t connect Africa, but solar can”, published by the consulting firm Kleos Advisory. This figure comes from the statistic that 120 million households currently do not have access to energy…

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WAPCo receives internal transport authorization for Niger-Benin pipeline construction

Jan 22, 2020

The Nigerien government has signed a draft decree granting the Internal Transport Authorization and declaring public utility the project for the construction of the hydrocarbon transport system by Niger-Benin pipeline. The authorization for internal transport is thus given to the Chinese company WAPCo (West African pipeline company), following its request, and in accordance with the…

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Marathon Oil to increase investment in E. Guinea after meeting with President

Jan 22, 2020

Marathon Oil Corp, one of the largest investors in the energy sector in Equatorial Guinea, has pledged to increase investment in the infrastructure required to support the government’s vision for the gas mega hub and the Investment Year initiative following a meeting with HE President Teodoro Obiang Nguema Mbasogo. In the company of HE Gabriel…

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British PM, African leaders urge investors to accelerate economic role in renewables, others on the continent

Jan 22, 2020

UK companies must leap at the chance to deepen economic ties with Africa, a continent with unmatched investment opportunities, several African leaders said at a high-level panel. At an oversubscribed opening ceremony for the 2020 UK-Africa Investment Summit, Monday, attended by dignitaries and delegates from 16 African countries, including President El Sisi of Egypt, British…

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Springfield E&P’s AFINA discovery in Ghana ranked amongst top ten in 2019

Jan 22, 2020

Ghanaian Energy Company, Springfield Exploration and Production Limited’s Afina well discovery in November has been named amongst the top ten most significant global hydrocarbon discoveries in 2019. The list, compiled by IHS Markit, a United Kingdom based world class intelligence gathering organization with over 5000 analysts, data scientists, financial experts and industry specialists also positioned…

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SA Govt approves huge west coast wind farm

Jan 21, 2020

The government has approved in principle the huge Boulders wind farm project on the West Coast peninsula near Paternoster, St Helena Bay and Vredenburg. The Department of Environment, Forestry and Fisheries (DEFF) issued an environmental authorisation for the project on 14 January. However, its approval comes with conditions that include changes to the proposed environmental…

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Mombasa Port to enforce low sulphur fuel use

Jan 21, 2020

The port of Mombasa in Kenya will, starting this month, join other ports around the world in implementing the new International Maritime Organisation (IMO) global sulphur cap 2020 rule, which came into force on January 1. The rule will see the use of low sulphur fuel by all seagoing vessels as part of global effort…

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