Power lines in Namibia. Pipelines, Storage & Power

Renewables inching out gas power in Africa

Africa is gearing up for the fourth industrial revolution – and it won’t be gas-fired.

By The Wildcat 23 February 2018
Companies & Finance

World Bank disburses funds for North Giza CCGT expansion

The World Bank is ready to disburse $240 million for the development of the Giza North gas-fired power project in Egypt. The funds will pay for the construction of a third 750 megawatt combined cycle gas turbine (CCGT) unit at the Giza North plant taking total installed generating capacity to 2,250 MW.

13 April 2012
Companies & Finance

IFC debt disbursed for Ivory Coast exploration

The World Bank's lending arm, the International Finance Corporation (IFC), has confirmed it will lend $20 million to Rialto Energy for exploration work in the Ivory Coast. Half of the debt will come from the IFC's central fund, with the final $10 million supplied by the multilateral agency's African, Latin American and Caribbean fund.

13 April 2012
Exploration & Production

Chariot complete Mauritania licence award

The Mauritanian government approved the award of a 90% stake in the Block C19 concession to Chariot Oil & Gas on Friday.

13 April 2012
Exploration & Production

Zimbabwe struggles to find CBM investors

The Zimbabwean government is still struggling to attract investors to help develop the Lupane CBM deposit five years after the project was first proposed.

11 April 2012
Companies & Finance

Aker secures equipment and installation contract in Egypt

Aker Solutions has secured a two-year contract with Egypt’s Badr Petroleum to supply all its surface wellhead equipment, installation and lifecycle services in the Egypt’s Western Desert.

11 April 2012
Companies & Finance

Chariot Oil & Gas to take 90% operating stake in block offshore Mauritania

Africa-focused independent Chariot Oil & Gas will take a 90% operating stake in a block offshore Mauritania, the company said in a statement on Tuesday.

10 April 2012
Exploration & Production

Tanzania’s Ziwani well results delayed

Drilling results from the Ziwani 1 onshore exploration well in Tanzania are “so far not as expected” and have been delayed by equipment problems, Wentworth Resources said in a London Stock Exchange announcement on Tuesday.

10 April 2012
Companies & Finance

Cove clears tax hurdle in Mozambique

The sale of Cove Energy cleared a major hurdle on Tuesday as management published details of a tax agreement with the Mozambique government.

10 April 2012
Pipelines, Storage & Power

Wentworth looking for gas sales deal in Tanzania

Wentworth Resources is negotiating with the Tanzania Petroleum Development Corp. (TPDC) over a gas sales agreement to supply a new pipeline between Mnazi Bay and Dar es Salaam, the company’s managing director told Interfax on Wednesday.

5 April 2012
Exploration & Production

Anadarko names Mozambique gas field Prosperidade

Anadarko Petroleum has named the gas reservoir found offshore Mozambique Prosperidade, meaning prosperity, after finishing drilling the Barquentine 4 appraisal well in Mozambique, the company said in a statement on Wednesday.

4 April 2012
Global Markets

Nigerian president dismisses senior managers from Ministry of Power

Nigerian President Goodluck Jonathan ordered the removal of several senior managers within the Ministry of Power for their failure to deliver secure electricity supply to Nigeria, allAfrica.com reported on Tuesday.

3 April 2012
Pipelines, Storage & Power

Tanesco closes in on $125 mln power loan

The Tanzania Electric Supply Co. (Tanesco) is in the final stages of negotiations over a bank loan worth TZS 208 billion ($125 million) to cover the cost of an emergency power plan put in place last year, the Tanzania Daily News reported on Friday.

2 April 2012
Companies & Finance

Slow start to 2012 for African M&A

Only one deal so far this year has made it into the top ten largest African M&A deals of 2011 and 2012, according to data compiled by Mergermarket.

30 March 2012
Supply & Demand

Nigeria finally poised for LNG expansion

After years of delay, things are starting to look good for Nigeria’s LNG sector. So with the circumstances in its favour, Ian Lewis asks could this be the year we see the expansion of Nigerian LNG?

30 March 2012
Global Markets

'East Africa countries need to work together to develop integrated oil and gas infrastructure'

Uganda’s Commissioner for Petroleum Exploration and Production Department, Ernest Rubondo, urged countries in East Africa to work together to develop integrated oil and gas infrastructure to take advantage of economies of scale and avoid duplicating facilities, allAfrica.com reported on Thursday.

30 March 2012
Companies & Finance

Wentworth fully funded for 2012 plans

London-listed African explorer Wentworth Resources said on Thursday that it is in a “strong position” to complete exploration work in Tanzania this year.

29 March 2012
Companies & Finance

FAR raises $15.4 million to fund Kenyan exploration

Australian explorer FAR has raised $15.4 million through an equity placement, the company announced on Thursday.

29 March 2012
Global Markets

UN Security Council wades into Sudan-South Sudan conflict

The United Nations Security Council has warned that fighting between Sudan and South Sudan could escalate into a full-scale war if both sides do not halt military operations on the disputed border.

28 March 2012
Exploration & Production

Apache still bullish about Egypt prospects

United States-based Apache remains bullish about the prospects for its upstream interests in Egypt, despite the turmoil that engulfed the country last year.

28 March 2012
Global Markets

South Sudan oil fields under attack

The South Sudanese government accused the Sudanese air force of bombing oil fields in their territory, according to a Reuters report on Monday.

27 March 2012

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