Libya’s oil revenue rose to $24.4bn in 2018 – NOC

Jan 7, 2019

Libya’s oil revenue rose to $24.4 billion in 2018, up 78 pct from 2017, Libya’s National Oil Corporation (NOC) said in statement on Sunday. NOC also said it recorded an average production of 1.107 million barrels per day in 2018. Source: Reuters

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Tanzania’s NEMC supports Stiegler’s Gorge hydro power project

Jan 7, 2019

The National Environmental Management Council at the weekend okayed the government’s commitment to construct a mega hydroelectric dam at the Stiegler’s Gorge, reiterating that it will have no adverse impact on the local ecology. The new director general of the government’s environmental watchdog, Dr Samuel Gwamaka, said that implementation of the hydroelectric power project will…

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Gabon military attempt coup to overthrow Bongo’s govt

Jan 7, 2019

Military officers in Gabon staged an apparent coup attempt early on Monday, seizing the state radio station and declaring their dissatisfaction with President Ali Bongo, who is recovering from a stroke in Morocco. Bongo, 59, was hospitalised in October in Saudi Arabia after suffering a stroke. In his speech on New Year’s, Bongo acknowledged health…

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AfDB approves $149m credit risk participation for renewables, others

Jan 7, 2019

The Board of Directors of the African Development Fund (ADF), the concessional window of the African Development Bank Group, have approved a credit risk participation by the Private Sector Credit Enhancement Facility (PSF) in seven loans cumulatively valued at $149 million. The seven operations include senior loans targeting renewable energy and agroindustry sectors in Uganda,…

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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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