Ocean Rig Poseidon rig starts Eni drilling work in Angola

Nov 14, 2018

Offshore driller Ocean Rig has informed that its drillship Ocean Rig Poseidon has been hired by Eni, and has started drilling in Angola. The drillship recently arrived in Angola following a drilling campaign in Namibia where it had drilled for Chariot and Tullow, where both wells came up dry. According to Ocean Rig, the contract…

Read More

AfDB launches Africa Energy Portal

Nov 14, 2018

“Building a Knowledge Base to De-Risk the Energy Sector in Africa,” brought together investors, policy makers and government officials for a presentation of the new initiative on Friday 9 November, the final day of the Forum. The AEP portal, hosted at http://Africa-Energy-Portal.org , will consolidate, validate, and disseminate energy data and insights across Africa’s energy value chain, covering…

Read More

Total preparing to drill in South Africa by December

Nov 14, 2018

South Africa is set to see some drilling action from Total E&P in the near future. The company will be drilling on Block 11B/12B, which could be one of South Africa’s most prospective oil exploration assets in Africa with multi-billion-barrel potential and a high chance of success. Total is the operator of the block. The…

Read More

S. Africa’s energy minister looks to increase wind sector investments

Nov 13, 2018

Addressing delegates during the second day of SAWEA’s annual Windaba conference, the Department of Energy (DoE) acknowledged the Wind sector’s ability to attract substantial investment into the country; to significantly contribute to the country’s reduction of greenhouse gas emissions; and to drive down the cost of power through competitive pricing. Minister Radebe confirmed the government’s…

Read More

KenolKobil buys Delta petrol stations in Uganda and Rwanda

Nov 13, 2018

KenolKobil has signed a deal worth more than $10m to acquire 33 fuel retail outlets from Delta Petroleum in Uganda and Rwanda.  The deal, which was signed yesterday in Nairobi, Kenya seeks to increase the Kenyan-based company’s footprint in Uganda and Rwanda. The deal will see KenolKobil take over 23 fuel stations from Delta Petroleum…

Read More

Senegal solar project wins Phanes Group’s second Solar Incubator

Nov 13, 2018

International end-to-end solar provider Phanes Group has announced the 30MW Gossas Solar Farm Project in Senegal as the winner of the second edition of its Solar Incubator. The announcement was made at the “Unlocking Solar Capital: Africa” conference in Kigali, Rwanda, where three finalists presented their proposal to a panel of international industry experts from…

Read More

Eni sells 20% stake in Nour North Sinai Offshore concession in Egypt to Mubadala Petroleum

Nov 13, 2018

The Chief Executive Officer of Petroleum & Petrochemicals, Mubadala Investment Company, and Chairman of Mubadala Petroleum, Musabbeh Al Kaabi, and the Chief Executive Officer of Eni, Claudio Descalzi, signed an agreement today for the sale of a 20% participating interest, out of Eni’s share, in the Nour North Sinai Offshore concession, in Egypt, to Mubadala…

Read More

Egypt seeks $10bn in new oil, gas investments

Nov 13, 2018

In a Ministry of Petroleum statement released on November 10, Tarek El Molla, Egypt’s petroleum minister, said the country was looking to attract an estimated $10 billion in new investments during the current fiscal year. The funds will be used in the search for oil and gas and to further the development of discovered fields.…

Read More

Nareva, Enel Green Power mobilize funds for Morocco’s 180MW Midelt wind farm

Nov 13, 2018

In Morocco power producers Nareva and Enel Green Power completed the financial mobilization of $230 million needed for the construction of the Midelt wind farm. Part of the financing came from a loan allocated by Morocco’s National Office of Electricity and Drinking Water. (ONEE). With a capacity of 180 MW, the infrastructure will be built…

Read More

MCC approves new Energy Compact for Senegal

Nov 13, 2018

The Millennium Challenge Corporation (MCC) has just approved a new Energy Compact for Senegal. This agreement will see $550 million for the electricity sector and $50 million for stimulating economic growth and progress. Funding for the power sector will support three projects, including upgrading and strengthening the country’s electricity grid, increasing access to energy for…

Read More