African News

Egypt signs MoU with US on oil sector cooperation

Jul 31, 2019

Egypt and the United States signed on Friday a memorandum of understanding (MoU) to boost bilateral cooperation in the oil and gas industry. The MoU was signed in Cairo by Egyptian Minister of Petroleum and Mineral Resources Tareq al-Molla and U.S. Secretary of Energy Rick Perry, according to a statement released by the Egyptian Petroleum…

Read More

Libya’s NOC welcomes interest from China’s CNPC

Jul 31, 2019

A senior delegation from Libya’s  National Oil Corporation (NOC) is in China at the invitation of the country’s leading oil major China National Petroleum Corporation (CNPC) to discuss investment and enhanced cooperation opportunities in the Libyan oil and gas sector, the NOC reported yesterday. The NOC said that its delegation, headed by chairman Mustafa Sanalla,…

Read More

Chinese firm receives Niger-Benin pipeline approval

Jul 30, 2019

The China National Oil & Gas Exploration & Development Company (CNODC) has won approval from the government of Benin to proceed with the portion of the Niger-Benin Pipeline proposed to evacuate crude exports from Niger’s Agadem basin to Port Seme on the Atlantic coast. Now headed for ratification in Benin’s Parliament, the decision by the…

Read More

MCA-L boosts LEC’s capacity to connect customers with $576,000 in parts and utility poles

Jul 30, 2019

The Millennium Challenge Account-Liberia (MCA-L) equipped the Liberia Electricity Corporation with US$576,000 in spare parts and utility poles to improve the Corporation’s network reliability and accelerate customer connections. The spare parts, which are valued at $353,000, will be used for repair and maintenance of LEC’s 18 megawatt (MW) heavy fuel oil (HFO) power plant on…

Read More

Ncondezi Energy gets CMEC, GE as co-developers for 300MW coal power plant in Mozambique

Jul 30, 2019

Ncondezi Energy Limited (“Ncondezi” or the “Company”) (AIM: NCCL) is pleased to announce that it has signed a Joint Development Agreement (“JDA”) with China Machinery Engineering Corporation  (“CMEC”) and General Electric Switzerland Gmbh (“GE”) to co-develop and construct  the integrated Ncondezi 300MW coal fired power project and coal mine in Tete, Mozambique (the “Project”). This is…

Read More

Transnet signs cost sharing pact to develop SA’s gas infrastructure

Jul 30, 2019

Transnet and IFC, a member of the World Bank Group, have signed a cost-sharing agreement for the development of a LNG storage and regasification terminal at the Port of Richards Bay. The agreement also covers the re-purposing of Transnet pipelines for natural gas transmission to inland markets. Transnet has identified significant industrial demand for natural…

Read More

Tower Resources extends loan facility, continues farmout negotiations

Jul 30, 2019

Tower Resources, the AIM listed oil and gas company with its focus on Africa, has announced an extension of its Bridging Loan Facility of US$750,000. The terms of the extension include the issue of 3 million of attached five-year 1.0 pence warrants with the Facility now being due for repayment on or before 31 August 2019,…

Read More

Eskom’s Kusile coal power plant in SA left grounded

Jul 30, 2019

Eleven years after construction began on Eskom’s massive 4,800MW Kusile coal-fired power station in Mpumalanga, South Africa, not one of its six 800MW generator units is delivering power into the grid. Construction began at Kusile in 2008, and all six generation units were planned to be in commercial service by the end of 2014. However,…

Read More

EIB provides €129m loan for Noor Atlas solar program in Morocco

Jul 30, 2019

The European Investment Bank (EIB) has approved a loan of € 129 million in the form of a loan for the implementation of the Noor Atlas program. The initiative will allow the construction of 7 photovoltaic plants distributed throughout the country with a total capacity of approximately 200 MW. The plants will supply electricity to…

Read More

Ghanaian Govt to end take or pay policy in energy sector from August

Jul 30, 2019

Ghana’s Minister for Finance Ken Ofori-Atta has hinted that, government will from August this year do away with take or pay policy in the energy sector which is crippling the sector financially. The Minister, described the country’s energy sector as being in a ‘state of emergency’ due to some take or pay power contracts the…

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...