African News

South Africa mulls partners for South Sudan oil block

May 21, 2019

South Africa’s Strategic Fuel Fund is welcome to bring in partners to help it execute a $1bn (R14.5bn at current exchange rates) agreement to drill for oil and build a refinery and pipeline in South Sudan, the central African nation’s oil minister said. Under the agreement, signed between the two governments on May 6, the Strategic…

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ROSATOM signs MoU to help build Rwanda’s Atomic Energy Centre

May 21, 2019

The Russian State-owned nuclear group ROSATOM recently signed with Rwanda a roadmap for establishing Russian-Rwanda cooperation in the peaceful uses of atomic energy. The plan defines specific measures until the end of this year, with the Russian group accepting to start building a Nuclear Science and Technology Centre based on a Russian-design research reactor in…

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Shearwater awarded Woodside seismic acquisition project off Senegal

May 21, 2019

Shearwater GeoServices has announced the award of a high-density multi-azimuth 3D seismic acquisition contract over the SNE field offshore Senegal by Woodside Energy in its capacity as Operator of the SNE Field Development Joint Venture. The contract covers the Sangomar, Sangomar Deep and Rufisque Offshore blocks, which include the SNE discovery. The work, designed as high density and multi-azimuth survey, will…

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German firm to install floating solar panels on Lake Malawi

May 21, 2019

One of the independent power producers (IPPs) that have signed power purchase agreements with Electricity Supply Corporation of Malawi (ESCOM), German firm Droege Energy, intends to install floating solar power panels on the Lake Malawi at Monkey Bay in Mangochi to generate power to be linked onto the ESCOM grid. EGENCO’s CEO Liabunya signing the…

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Angola’s political turmoil fueled by oil upheaval

May 20, 2019

The controversial firing of the head of Angola’s state energy giant has underlined President Jose Lourenco’s eagerness to cement his grip on power, crush dissenting voices in his increasingly divided ruling party and brought the purported anti-corruption campaign into the spotlight. Carlos Saturnino, dismissed as chairperson of Sonangol, is the latest executive to feel the…

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Ethiopia rations power supply due to drop in water levels

May 20, 2019

Ethiopia has started to ration electricity for domestic and industrial customers after a drop in water levels in hydroelectric dams led to a production deficit. Ethiopia’s minister for water and electricity Seleshi Bekele said on Friday that the drop in water levels at the country’s Gibe 3 dam led to a deficit of 476 megawatts (MW),…

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Libya’s warring factions putting 95% of country’s oil production at risk – NOC boss

May 20, 2019

Armed conflict between groups vying for control of Libya is putting the country’s lifeblood oil and gas industry at risk of almost total collapse, just as production is beginning to recover from years of war, the head of the country’s state oil company said Saturday. Libya is currently pumping almost 1.3 million b/d, National Oil…

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Zimbabwe’s ZESA sets out to pay Eskom, HCB arrears for power

May 20, 2019

ZESA Holdings has lined up a number of stop-gap-measures, which include mobilising US$80 million to clear arrears with Eskom of South Africa and Hidroelectrica de Cahora Bassa (HCB), in a bid alleviate rolling power outages being experienced in the country. Payment of the US$80 million arrears would unlock more power imports, which have slumped significantly…

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Somalia’s Federal Government to receive lion’s share of oil revenue in new deal

May 20, 2019

The Lower House of Parliament has approved the national resource sharing deal that has apportioned the proceeds each party is entitled to in the sale of oil. Under the new deal, the Federal government will have 55% share, oil producing region 25%, oil producing district 10, non-oil producing state 10%. Measure goes to Upper House.…

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SDX Energy provides Morocco operations update

May 20, 2019

SDX Energy saw an increase in gas sales out of Morocco, with production remaining stable during Q1. The company’s Moroccan acreage, in which it holds 75% interest, consists of five concessions, all of which are located in the Gharb Basin in northern Morocco: Sebou, Lalla Mimouna Nord, Gharb Centre, Lalla Mimouna Sud, and Moulay Bouchta…

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