African News

World Bank provides $150m fund to increase access to electricity in Madagascar

Mar 8, 2019

Today, the World Bank’s Board of Directors approved a $150 million International Development Association (IDA) credit to provide improved access to electricity services for households, enterprises, and health facilities in Madagascar. Today, with an electrification rate of only 15%, roughly four fifths of Madagascar remain ‘in the dark’, shutting out large parts of the population…

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Renewable energy on the rise in Southern Africa – SACREEE/UNIDO

Mar 8, 2019

The Southern African Development Community (SADC) region is seeing a significant increase in the number and quality of its renewable energy and energy efficiency policies, according to a new status report launched at a special side event of the 11th Africa Energy Indaba. The report was prepared by the Namibia-hosted SADC Centre for Renewable Energy and Energy Efficiency…

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East Africa focused Wentworth Resources provides operational and commercial update.

Mar 8, 2019

Wentworth, the AIM (AIM: WEN) listed independent, East Africa-focused oil & gas company, is today providing an update to shareholders. Mnazi Bay Operations  As part of the scheduled maintenance program of the Operator, a slick-line campaign is planned to commence towards the end of March 2019.  It will include opening the sliding-sleeves of various well…

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NOIC storage facilities construction in Zimbabwe gathers pace

Mar 8, 2019

THE National Oil and Infrastructure Company of Zimbabwe (Noic) has made significant progress on the completion of several fuel storage depots across the country, as the State-owned enterprise moves to increase the country’s storage capacity of petroleum products. This was said by acting chief executive officer Wilfred Matukeni in an interview with The Herald Business.…

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DEA extends oil concessons in Egypt

Mar 8, 2019

DEA has extended its concessions for the Ras Budran and Zeit Bay oil fields in the Gulf of Suez. At a formal ceremony event, witnessed by H.E. Eng. Tarek El-Molla the Egyptian Minister of Petroleum and Mineral Resources, DEA’s General Manager Sameh Sabry signed the new concession agreement. The new agreement extends the concession for…

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Seaways takes delivery of two Damen crew suppliers for West Africa job

Mar 8, 2019

On March 4th at Damen Shipyards Singapore, Seaways International took delivery of two Damen Fast Crew Suppliers (FCS) 2206. The Dubai-headquartered company has previously operated a Damen FCS 3307. Seaways International specialises in offshore marine services and will use the new vessels to transport crew to offshore energy locations in West Africa. Damen signed the…

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Demand for Angolan crude slows

Mar 8, 2019

Spot activity was thin on Thursday with Angolan offers lingering. Total was still offering a cargo of Angolan Nemba at dated Brent plus $1 a barrel and a Gindungo cargo at dated Brent plus 50 cents. BP was still offering Angolan Kissanje and Pazflor at dated Brent plus $1.30 a barrel, a trader said.  …

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Libya’s oil and gas revenues fell by 30% in January – NOC

Mar 7, 2019

Libya’s oil and gas revenues dropped by 30 percent to $1.6 billion in January compared to December, the state oil firm NOC said on Tuesday. On Monday, NOC lifted force majeure, a contractual waiver, on Libya’s largest oil field El Sharara after almost three months of closure by an armed group and tribesmen. NOC said…

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TechnipFMC set to begin EPC work on Egypt project

Mar 7, 2019

TechnipFMC (NYSE:FTI) (Paris:FTI) has successfully completed the remaining conditions required to enable work to commence on the Engineering, Procurement, and Construction (EPC) contract by Middle East Oil Refinery (MIDOR) for the modernization and expansion of their existing complex near Alexandria, Egypt. As previously stated, this major(1) EPC contract covers the debottlenecking of existing units, the…

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Eskom provides loadshedding update

Mar 7, 2019

South African state-owned power utility Eskom has this morning announced that there is a high risk of rotational loadshedding and will be implemented if “absolutely necessary”. “We continue to encourage residents and businesses to use electricity sparingly during this period. Please switch off geysers as well as all non-essential lighting and electricity appliances to assist…

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