African News

Total and Sonangol sign oil block contract in São Tomé & Príncipe

Mar 21, 2019

São Tomé and Príncipe’s National Petroleum Agency on Friday is due to sign a production-sharing agreement with the consortium made up of France’s Total E&P and Angola’s Sonangol, according to a statement released on Thursday in São Tomé. The production-sharing agreement, signed after the conclusion of negotiations with the consortium, is focused on oil prospecting…

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Libya produces 1.2m bpd of oil – Tripoli finance minister

Mar 21, 2019

Libya is producing 1.2 million barrels a day (bpd) of crude, Tripoli-based finance minister Faraj Bomtar said on Wednesday. “We expect a further increase in the coming days,” he told reporters when presenting the 2019 budget. He gave no details. The OPEC oil producer this month reopened the 315,000 bpd El Sharara oilfield which was…

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SA firm Sasol completes huge petrochemicals facility in the US

Mar 21, 2019

Fluor Corporation (NYSE: FLR) announced today that its joint venture with TechnipFMC has successfully completed its engineering, procurement and construction management services scope of work on Sasol’s world-scale petrochemical complex in Westlake, Louisiana. The joint venture will continue to provide assistance to the Sasol team with remaining activities by working with Sasol in parallel on…

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African Petroleum to combine with PetroNor

Mar 21, 2019

African Petroleum Corporation Limited (the “Company”, “African Petroleum”, with OSE ticker: “APCL”) is pleased to announce that the Company has entered into an agreement to combine with PetroNor E&P Ltd (“PetroNor”) for an all-share consideration of c. 816 million shares in African Petroleum (the “Transaction”). PetroNor is a privately owned, Africa focused E&P independent, that…

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Gabon Oil Company farms into BW Offshore’s Dussafu licence

Mar 21, 2019

BW Energy Gabon (‘BWE’), a subsidiary of BW Offshore and the operator of the Dussafu licence, has entered into an agreement with Gabon Oil Company (GOC) for the acquisition of a 10 percent interest in the Dussafu production sharing contract. The transaction is subject to the fulfilment of certain conditions precedents, including approval from the…

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South Sudan’s Ministry of Petroleum encourages refiners and traders to take part in crude tenders

Mar 21, 2019

South Sudan’s Minister of Petroleum Ambassador Ezekiel Lol Gatkuoth today announced that the government was inviting more refiners and traders to take part in its upcoming competitive tenders for government-owned crude cargoes. “Due to efforts by the government, under the leadership of H.E President Salva Kiir to increase current production levels, with the target of…

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World Bank grants $66m to Gambia to help fix electricity transmission problems

Mar 20, 2019

The World Bank yesterday approved a $66 million grant to the Gambia government to support the access grid and electricity transmissions in the rural setting of the country under the ECOWAS Regional Electricity Access Project. The signing ceremony was held at the ministry of Finance and Economic Affairs complex in Banjul and signed by Mamburay…

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KenGen set to commission the Olkaria V geothermal power plant in Kenya

Mar 20, 2019

The Kenya Electricity Generating Company (KenGen) is set to commission the Olkaria V geothermal power plant situated in Rift Valley, western part of Kenya in June this year. The energy producer company announced the reports said that the facility will produce a capacity of 165 MW. The main components required for this project, including steam…

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MTN SA invests millions of rands in power backup systems as load shedding continues

Mar 20, 2019

MTN South Africa spent more than R400 million ($27.7 million) last year on investments in battery backup systems and generators. Despite the spend, its mobile sites continue to face significant threats, due to Eskom’s ongoing stage three and stage four load shedding. Excluding the amount spent on new batteries for new cell phone sites, MTN…

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Japanese wind energy firm Eurus Energy invests in Windlab Africa

Mar 20, 2019

In order to promote wind power generation projects in the East Africa region with Windlab Limited (referred to below as “Windlab”), an Australian-based company that carries out wind analysis and the development of wind power projects, Eurus Group has contributed funding to Windlab’s subsidiary Windlab Africa Pty Ltd. (referred to below as “Windlab Africa”). Windlab…

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