Coalition urges AfDB to push for 100% renewable energy future

Nov 12, 2018

In a bid to have Africa commit to 100% renewable energy and to increase transparency in the continent’s energy sector, Zero – a coalition campaign between climate change volunteers and Non-Profit Organisations (NGOs) around the continent, was established. The campaign was launched last week on the side-lines of the African Development Bank’s (AfDB) Africa Investment…

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Nigeria’s Sahara Group to develop S. Sudan electricity infrastructure

Nov 12, 2018

Nigeria-based energy firm Sahara Group (SPG) and the Ministry of Energy and Dams agreed to develop infrastructures of the power sector in South Sudan. South Sudan has the lowest per capita electricity consumption in Africa, 1 to 3 kWh. This situation is mainly attributed to the underdeveloped energy infrastructure in the young nation, which has…

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Uganda expecting first oil in 2021, refinery by 2023 – Minister

Nov 11, 2018

Uganda expects to start producing oil in 2021, a year later than initially planned, and its refinery should be up and running by 2023, its oil minister said on Thursday. France’s Total is an investor in Uganda’s oilfields, with China’s CNOOC and Britain’s Tullow Oil. “Our initial target was 2020. That seems to have slipped…

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Explorers hit the jackpot in sub-Saharan Africa – WoodMac

Nov 11, 2018

In the past 10 years, explorers in sub-Saharan Africa have turned up more giant discoveries than any other region. These 500 million barrel-plus finds are dominated by multi-trillion cubic feet gas fields in the tropical waters of Mozambique and Tanzania, play openers in the Atlantic Margin of Senegal and Mauritania, deepwater giants still lurking offshore…

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Senegal seeks bigger royalties, stakes in new oil law

Nov 11, 2018

Senegal is considering raising royalties and taking a bigger stake in oil and natural gas projects as part of the West African nation’s overhaul of its oil code, according to a document obtained by Bloomberg. Senegal is revising its code as a string of major discoveries off its coast is expected to make the country…

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Trade and Development Bank, USAID sign Power Africa MoU

Nov 11, 2018

The Eastern and Southern African Trade and Development Bank (TDB) and USAID’s Power Africa initiative have today signed a memorandum of understanding (MoU) that will finance power projects in 22 African countries. The memorandum was signed at African Development Bank’s inaugural Africa Investment Forum, where emphasis on investment is at the core of tens of…

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ZPC, Intratrek dispute over Zimbabwe solar project rages on

Nov 11, 2018

Intratrek Zimbabwe, which is entangled in contractual dispute with Zimbabwe Power Company (ZPC) over the Gwanda solar plant, has filed submissions to the High Court seeking an order compelling ZPC to allow it to fulfill terms of the project agreement or be paid $25 million damages for breach of contract. This comes after a dispute…

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FAR’s Samo-1 well offshore Gambia disappoints

Nov 11, 2018

FAR Limited reports that the Samo-1 exploration well in block A2, offshore The Gambia has been drilled to a total depth of 3240m and wireline logging is nearing completion. The well operations to date have been conducted safely, efficiently, ahead of schedule and within budget. Interpretation of the wireline logs so far indicates that the…

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Panoro to acquire OMV Tunisia Upstream GmbH for $65m

Nov 11, 2018

London-based independent E&P company Panoro Energy’s Norwegian subsidiary Panoro Tunisia Production AS has signed an agreement with OMV Exploration and Production GmbH to acquire 100 per cent of the shares of OMV Tunisia Upstream GmbH for a transaction value worth US$65mn. OMV Tunisia holds a 49 per cent interest in five oil-producing concessions in Tunisia…

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Power Africa launches Transmission Roadmap to 2030

Nov 11, 2018

Power Africa, the U.S. government-led initiative coordinated by the United States Agency for International Development (USAID) to double electricity access in sub-Saharan Africa, launched its newest publication, the “Transmission Roadmap to 2030: A Practical Approach to Unlocking Electricity Trade” at the African Investment Forum on Wednesday, November 7.  The Roadmap helps prioritize 18 projects that could unlock…

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