African News

Eni announces new oil discovery in Block 15/06, offshore Angola

Dec 12, 2018

Eni struck a new oil discovery in the Afoxé exploration prospect located in Block 15/06, offshore Angola. The discovery is estimated to contain between 170 and 200 million barrels of light oil in place. The Afoxé-1 NFW well, which has led to the new oil discovery, is located in the south-east area of Block 15/06,…

Read More

Standard Bank urges Brazilian firms to key into Africa’s LNG opportunities

Dec 12, 2018

South Africa’s Standard Bank Group Ltd encouraged Brazilian engineering and construction firms recently to explore African opportunities, such as the world’s largest liquid natural gas projects in Mozambique. While incoming President-elect Jair Bolsonaro says he will focus on relations with advanced economies, Standard Bank is betting on Brazilian companies needing to diversify abroad to recover…

Read More

S. America and Africa lead global planned FPSO deployments to 2025 – GlobalData

Dec 12, 2018

Globally, South America leads with 31 planned and announced floating production, storage and offloading vessel (FPSO) additions by 2025. The region has 18 planned and 13 announced FPSOs respectively. Africa follows with 16 FPSOs, 4 are planned and 12 are announced, according to leading data and analytics company GlobalData. The company’s report: ‘Q4 2018 Global FPSO…

Read More

Huge desert solar initiative to make Africa a renewables power-house – AfDB

Dec 12, 2018

The details of the “Desert to Power Initiative” have been outlined as part of the Paris Agreement climate change talks at COP24 in Katowice, Poland this week. Energy poverty in Africa is estimated to cost the continent 2-4 % GDP annually, according to the African Development Bank (AfDB) (AfDB.org), which is leading the project. The…

Read More

Batoka hydro power project to spur industrial growth in Zimbabwe, Zambia – Ministers

Dec 12, 2018

ZIMBABWE and Zambia have said the multi-billion Batoka Gorge Hydro Electric Scheme project will go a long way in reigniting local industry and providing employment for peoples of the two neighbouring countries. The council of ministers comprising Ministers of Finance and Energy from the two countries met in Victoria Falls Friday to assess progress made…

Read More

Zimbabwe MPs demand truth on fuel situation as govt plays down crisis

Dec 12, 2018

MPs who form parliament’s energy committee last week demanded government and energy sector coherence on the real fuel situation in the country following continued conflicting statements by players in the industry. The situation has been compounded by repeated government denials stocks of the precious liquid were drying by the day. Following the confusion, both Zanu…

Read More

Africa’s desert solar initiative set to provide electricity to 250m people

Dec 11, 2018

Solar projects stretching across the Sahel region are expected to connect 250 million people with electricity by tapping into the region’s abundant solar resource. The details of the Desert to Power Initiative have been outlined as part of the Paris Agreement climate change talks at COP24 in Katowice, Poland this week. Energy poverty in Africa is estimated…

Read More

Meralco to spend $40m for stake in Ghana power utility

Dec 11, 2018

Philippine electric distribution giant Manila Electric Company (Meralco) will cough up US$40 million on planned equity acquisition at an electricity distribution firm in Ghana. “We are required to have 30-percent, but we can bring that down to 19-percent in the JV (joint venture),” Meralco President Oscar S. Reyes said. The US$40 million investment, he qualified,…

Read More

Libya’s NOC declares force majeure over PFG forces at Sharara oil field

Dec 11, 2018

Libya’s National Oil Corporation (NOC) has declared force majeure on crude oil loadings from the country’s biggest oil field due to a forced shutdown caused by the presence of militia, it said Monday. NOC demanded that the armed militia claiming attachment to the local Petroleum Facilities Guard (PFG) immediately withdraw from the Sharara field without…

Read More

Kenya Pipeline outgoing MD arrested

Dec 11, 2018

In Kenya, the outgoing MD of Kenya Pipeline Co., Joe Sang was arrested as part of an ongoing investigation into loss of funds during construction of the Sh1.9-billion Kisumu oil jetty. Sang and four other officials of the state corporation were arrested on December 7 in Nairobi. The others arrested are company secretary Gloria Khafafa;…

Read More

SUBSCRIBE TO LATEST ENERGY NEWS

Read the latest energy industry news and researched articles
for oil and gas, power generation, renewable energy, events and more...