African News

South Africa’s Energy Minister axes Nuclear Corp Head over ‘serious charges’

May 15, 2019

Energy Minister Jeff Radebe announced on Tuesday that he had removed the suspended director and CEO of the Nuclear Energy Corporation of SA, Phumzile Tshelane. In a brief statement, Radebe said he had taken the decision based on the “serious nature of the charges” Tshelane was facing, along with a board resolution and a recommendation…

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Kenyans to pay more as fuel prices continues to soar

May 15, 2019

It’s more pain to Kenyans as the Energy Regulatory Commission announced new fuel pump prices on Tuesday In its latest price review, ERC said the cost of a liter of super petrol will up by Sh5.43, diesel increases by Sh2.24 and a liter of kerosene will goe up by Sh2.40. The new fuel prices take…

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Egypt’s law number 9 paves way for Gulf of Suez activity

May 15, 2019

Egyptian President Abdel Fattah El Sisi approved law number 9 for 2019, allowing the Minister of Petroleum, Tarek El Molla, to proceed with the exploration and production (E&P) agreement made with the Egyptian General Petroleum Corporation (EGPC) and DEA Suez GmbH, Amwal Al Ghad reported. According to the agreement, the company will search for and develop oil…

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Serinus ramping up operations in Tunisia

May 15, 2019

Serinus Energy Plc shares were slightly lower on Monday as the company updated on its operations in Romania and Tunisia. At the Moftinu gas development project in Romania the company has recently brought online the Moftinu-1003 and Moftinu-1007 wells, and, production is being optimised from both. The company intends to drill the Moftinu-1004 well in late…

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TransGlobe provides Egypt operations update

May 15, 2019

TransGlobe Energy saw an average of 13,616 bpd of crude during Q1 from its Egyptian assets. TransGlobe’s Egyptian crude oil is sold at a quality discount to Dated Brent. The company received an average price of $54.93 per barrel during the quarter In Egypt’s Eastern Desert two development oil wells were drilled during Q1. At…

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Mozambique approves Rovuma LNG development plan

May 15, 2019

Mozambique Rovuma Venture said today that the government of Mozambique had approved its development plan for the Rovuma LNG project, which will produce, liquefy and market natural gas from three reservoirs of the Mamba complex located in the Area 4 block in the Rovuma basin, two of which straddle the boundary with neighboring Area 1.…

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OVO Foundation funds electrification project in Kenya

May 14, 2019

OVO Foundation is expanding its energy access project in Kenya, electrifying over 300 schools and health clinics in the hardest-to-reach parts of Kenya. Around the world 1.1bn people do not have access to electricity, including 600m in sub-Saharan Africa. Through Project Jua, OVO Foundation is supporting the Kenyan Government’s overall electrification programme and helping the country…

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Strata X announces 83% increase in prospective gas resource at Serowe CSG project, Botswana

May 14, 2019

Highlights: MHA Petroleum Consultants, independent qualified reserve and resource certifiers, have certified the following gas resources within Strata-X’s 100% owned Serowe CSG Project in Botswana. 6.08Tcf total Prospective Resources net to the Company, an increase of 83%. 2.38Tcf Prospective Resource within the Company’s interpreted high-grade area, an increase of 40%. Maiden 23Bcf  2C Contingent Resource,…

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Eni announces new light oil discovery offshore Angola

May 14, 2019

After Kalimba, Afoxé and Agogo, the Ndungu discovery further demonstrates the exploration potential contained in the block’s deeper geological sequences. Eni has made a new light oil discovery in Block 15/06, in Angola’s deep offshore. The well was drilled on the Ndungu exploration prospect. The new discovery is estimated to contain up to 250 million barrels of light…

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Uganda Oil Company boss quits

May 14, 2019

The Uganda National Oil Company (Unoc) board chairperson, Emmanuel Katongole, last evening acknowledged receipt of Dr Josephine Wapakabulo’s resignation letter as chief executive officer, but said it ‘has not been accepted yet’. “The board will sit and discuss a way forward; we have a management succession plan, but Josephine is still working, she will leave…

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