African News

Vaalco extends FPSO charter off Gabon

Aug 19, 2019

BW Offshore has received a one-year contract extension for the lease of one of its floating, production storage and offloading (FPSO) vessels. BW Offshore said on Friday that it won an extension for the lease and operation of the FPSO Petróleo Nautipa. The FPSO vessel is currently operating on the Etame field offshore Gabon for…

Read More

CNOOC acquires 55.55% interest in Svenska’s acreage off Guinea-Bissau

Aug 19, 2019

FAR Limited has approved the Request for Transfer of Interest from Svenska Petroleum Exploration GB of a 55.55% participating interest in the highly prospective Sinapa and Esperanca petroleum licences offshore Guinea-Bissau, to CNOOC West African Petroleum E&P. FAR will retain its 21.42% participating interest in each of the licences. Under the terms of the farm-out…

Read More

Kenyans to wait longer for oil proceeds as Sh1.2bn from sale covers expenses

Aug 19, 2019

Kenyans should expect no revenues yet following Thursday’s announcement that the country was selling its first crude oil to China. Petroleum principal secretary Andrew Kamau said the $12 million to be received from the sale will largely be used to cover for the expenses that the explorer and the government incurred in market testing for…

Read More

Total says it’s committed to $23bn Mozambique LNG project

Aug 19, 2019

Total is committed to developing the Mozambique natural gas project that it will take over from Anadarko Petroleum as part of its expansion in Africa, the company said. The project, to cost as much as $23 billion to develop, will be Africa’s biggest single investment, and Mozambique is counting on it to transform the economy.…

Read More

Angolan government to sell stakes in Sonangol, 194 other companies

Aug 18, 2019

The share capital held wholly or partially by the Angolan state in 195 different companies will be sold between 2019 and 2022, under the Privatization Program, published in the Diário da República official bulletin, quoted by Jornal de Angola. The program states that 175 companies will be sold via public tender, 11 by public auction…

Read More

Relief for Zimbabwe as Eskom switches on electricity supplies

Aug 18, 2019

AFTER months of a crippling power cuts that had seen domestic and industrial consumers going for 18hrs a day without power, State power supplier Zesa has announced it will be downgrading from stage two to stage one shedding. Zesa according to officials who spoke to State media indicated that it will now be cutting off…

Read More

Mozambique launches public tender to electrify 260,000 households

Aug 16, 2019

The Mozambican government is launching on Thursday a public tender to acquire the electrical material and services necessary for connecting 260,000 households to the national grid. Speaking in Chibuto, in the southern province of Gaza, at the opening of a meeting of his ministry’s Coordinating Council, the Minister of Mineral Resources and Energy, Max Tonela,…

Read More

Zimbabwe’s Govt promotes renewable energy investment

Aug 16, 2019

Government is considering a number of incentives to attract investment in renewable energy as part of efforts to ease power challenges that the country is facing, a Cabinet Minister has said. Energy and Power Development Minister, Fortune Chasi, said Government was focusing on promoting investment in renewable energy. “This is an ongoing discussion. We are…

Read More

Kosmos taps Maersk drillship for Equatorial Guinea job

Aug 16, 2019

A Maersk Drilling-owned drillship has been hired by Kosmos Energy to drill an exploration well offshore Equatorial Guinea. The drilling contractor said through its social media channels on Friday that its drillship Maersk Voyager had been signed by Kosmos Energy to drill the S-5 exploration well offshore Equatorial Guinea. According to Maersk Drilling, the contract…

Read More

Ghanaian Govt rakes in $434.5m as petroleum revenues in H1 2019

Aug 16, 2019

The Bank of Ghana has revealed that the government made an amount of US$434.5 million from oil sale from its three oil fields as well as in other fees and taxes. The central bank in its publication of the first-half performance of the Ghana Petroleum Funds revealed that oil sale from Tweneboa, Enyenra, Ntomme, Jubilee…

Read More

SUBSCRIBE TO LATEST ENERGY NEWS

Read the latest energy industry news and researched articles
for oil and gas, power generation, renewable energy, events and more...