African News

China’s CNOOC eyes stake in Ugandan oil pipeline

Jul 27, 2019

Chinese oil firm China National Offshore Oil Corporation (CNOOC) aims to take a stake in an oil pipeline being developed to export Ugandan crude, the firm said on Friday. Uganda discovered crude oil reserves about 13 years ago but commercial production has been delayed partly because of a lack of infrastructure, such as an export…

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Kenya’s KETRACO launches landmark Loiyangalani – Suswa transmission project

Jul 27, 2019

The Kenya Electricity Transmission Company Limited (KETRACO) officially launched the Loiyangalani-Suswa transmission infrastructure project at an event graced by His Excellency President Uhuru Kenyatta, Energy Cabinet Secretary Hon. Charles Keter and Energy Principal Secretary Eng. Joseph Njoroge. Others in attendance senior management led by the Chief Executive Officer, FCPA Fernandes Barasa OGW among other dignitaries.…

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Johannesburg power company hit by ransomware attack

Jul 27, 2019

The company supplying South Africa’s Johannesburg with electricity has been attacked by a ransomware virus. The virus has “encrypted all our databases” representatives of City Power said online. A ransomware virus has hit Johannesburg’s City Power, the electricity supplier for South Africa’s economic hub, company representatives said on Twitter on Thursday. A ransomware attack usually…

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Angolan crude oil sales up on Asian margins

Jul 27, 2019

Angolan sales to China were picking up, traders said, after a slow summer in which a heavily backwardated market and sluggish margins dragged on demand. The profit from processing a barrel of crude in Singapore DUB-SIN-REF reached $9.37 in July, the highest in nearly two years, but settled at $6.36 on Thursday — still far…

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Mitsubishi to invest in off-grid solutions in Togo

Jul 27, 2019

Famous Japanese car dealer Mitsubishi Corporation has decided to enter the Togolese power market. The firm will provide off-grid solutions to local populations, those living in rural areas especially. The news was disclosed yesterday by Yas Doida, Head of the Company’s Branch in Africa, after meeting with Togolese Prime Minister, Sélom Klassou. “We mostly discussed…

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Cameroon, Canada envisage reinforced cooperation on water & energy

Jul 27, 2019

Minister Eloundou Essomba and Ambassador Nathalie O’neil examined investment possibilities in the sector on July 23. Nathalie O’neil, Canadian diplomat who has come to the end of her mission to Yaounde, has disclosed that her country plans to reinforce economic cooperation and trade with the government of Cameroon. The outgoing High Commissioner made the disclosure…

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ExxonMobil considers Egypt’s Damietta port for logistics centre

Jul 27, 2019

Damietta Port Authority (DPA) Chairman Tariq Shaheen has discussed investment opportunities with a delegation from ExxonMobil, Al Borsa reported. ExxonMobil is reportedly considering to establish a logistics center in the port, which enjoys a strategic location near Egypt’s recent offshore natural gas discoveries in the East Mediterranean, as well as a strong infrastructure. The DPA…

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BP inks JOA with GNPC for Gambian offshore block

Jul 27, 2019

Oil major BP and Gambia National Petroleum Corporation (GNPC) on Tuesday, July 23 signed a joint operating agreement for Block A1 License located offshore The Gambia. Announcing the agreement earlier this week, GNPC said that JOA marked the first involvement of the National Oil Company as partner on an oil license in the history of…

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Namibia announces R4.67bn 5yr renewable energy strategy

Jul 27, 2019

Namibia’s state-run utility will build four plants powered by renewable energy over the next five years as the southern African nation seeks to guarantee local supplies and cut its use of fossil fuels. The plants, which will harness biomass, solar and wind to generate a combined 220 megawatts, will cost 4.7bn Namibian dollars (around R4.67bn…

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Eni confirms significant Agogo oil find off Angola

Jul 27, 2019

Eni has successfully drilled Agogo-2, the first appraisal well of the Agogo discovery in Block 15/06, offshore Angola. The well results confirm the 650 million barrels of oil in place at the Agogo field and indicate further upside in its northern sector that will be assessed with new appraisal wells. Agogo-2 has been drilled by…

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