African News

Libya plans to more than double oil output to 2.1m bpd – NOC

Jan 7, 2019

Libya aims to more than double its oil production to 2.1 million barrels per day (bpd) by 2021 provided security and stability are strengthened in the conflict-stricken country, the chairman of state oil company NOC said on Sunday in Benghazi. Currently, Libya produces 953,000 bpd, less than its pre-civil war capacity of 1.6 million bpd,…

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Equatorial Guinea refuses to extend Ophir’s Block R licence containing Fortuna gas discovery

Jan 7, 2019

Ophir Energy has received notification from the Equatorial Guinea Ministry of Mines and Hydrocarbons that the Block R Licence, which contains the Fortuna gas discovery, will not be extended following expiry of the licence on 31 December 2018. As a consequence, there will be an additional non-cash impairment of the asset, expected to be around…

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Sound Energy provides further update on TE-10 well in the Greater Tendrara permit, Morocco

Jan 7, 2019

Sound Energy, the Moroccan focused upstream gas company, has announced a further update on the Company’s TE-10 exploration well following the identification of gas bearing sands within and below the currently mapped TAGI structural closure, which potentially materially de-risks the stratigraphic upside in North East Lakbir in the Company’s Greater Tendrara licence area. The North…

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WWF renewable energy project to light up Mtwara villages in Tanzania

Jan 6, 2019

A renewable energy project in Newala District by the World Wide Fund for Nature (WWF Tanzania) in partnership with a Mtwara-based civil society organisation (CSO). The project is being implemented at Miyuyu Village, and is bringing hopes of reversing the fortunes of Mbwinji Catchment Area and protects it from drying up, contributing to climate change…

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Blockchain capable of revolutionizing Africa’s energy sector

Jan 6, 2019

In Africa, the demand for electricity largely exceeds supply. Nigeria’s shortage of 173,000MW (for a nation whose current energy needs is around 180,000MW) gave rise to large-scale imports of noisy and polluting power generating sets. Most sub-Saharan African countries experience the same. In rural areas in Rwanda, where over 70% of the population lives, only 18%…

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New regulation broadens Ethiopian Energy Authority’s scope

Jan 5, 2019

The Council of Ministers approved a regulation that empowers the Ethiopian Energy Authority to regulate energy efficiency performance standards of equipment and appliances. Approved on December 15, 2018, the 40-page draft regulation took four years to finalize and was pushed back to the Authority for a revision six times before its final approval. The Ethiopian…

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Kenya Power moratorium puts new power plant billions on the line

Jan 5, 2019

Mega electricity generation projects valued at billions of shillings are in limbo after distributor Kenya Power froze the signing of new power purchase agreements (PPAs) indefinitely, citing financial constraints and excess capacity. Kenya Power chairman Mahboub Maalim Mohamed said the monopoly electricity distributor would not sign new PPAs pending a sector review intended to establish…

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South America and Africa continue to lead global planned FPSO deployments

Jan 4, 2019

Globally 71 FPSOs are expected to start operations by 2025. South America will continue to lead globally with planned deployment of 31 FPSOs, followed by Africa and Europe with 16 and seven FPSOs, respectively by 2025. Among countries, Brazil continues to dominate in terms of deployment of planned and announced FPSOs, followed by Australia, Angola…

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Libya’s GECOL says power steam station in Sirte back in service

Jan 3, 2019

The General Electricity Company of Libya (GECOL) confirmed the return of the Gulf power steam station in Sirte to service after the completion of maintenance work on the first unit, which was brought to halt last week for technical reasons. The company clarified Wednesday that all lines of the first unit underwent maintenance service, indicating…

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OPEC production slash causes Angola’s oil production to fall

Jan 3, 2019

At least 1.2 million barrels of oil will no longer be produced by OPEC and non-OPEC member countries starting on 1 January in a joint effort that has been made since 2016 to balance crude oil prices on the international market. The decision for this second cut in production, which is set at 3.02% for…

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