Search results

Major Mauritania-Senegal Basin plays GTA and Sangomar are now advancing after ship-related issues delayed both projects for around a year. However, despite optimism for West African LNG developments, much-anticipated results from Shell’s wildcat well in Mauritania’s Block C10 have disappointed.

It is going to be a challenging and busy COP for summit president Sultan Al-Jaber, but with an inaugural $420m capitalisation of the Loss and Damage Fund announced on the first day, the multi-tasking Emirati came out swinging against his critics. Al-Jaber’s role as chief executive of Abu Dhabi National Oil Company (Adnoc) has prompted allegations of a conflict of interest and abuse of COP for commercial, fossil fuel-related ends. But other agendas are afoot, and as COP has morphed into one of the world’s largest business conferences, the geopolitical horse-trading has further intensified.

The Federal Government of Nigeria (FGN) has unconditionally withdrawn civil claims totalling $1.1bn against Italian major Eni that had been lodged in Italian courts, ending a long-running legal dispute centred on corruption allegations. In a statement to African Energy, Eni said it had received a letter confirming the withdrawal and said it was “the final step towards the truth”.

A fresh wave of drilling activity underscores expectations of another strong year for the Namibian upstream, even as state oil company Namcor posts a loss.

The M-Pesa Foundation Academy has commissioned a grid-tied solar PV system. The 630-panel plant is expected to reduce grid consumption by up to 60%.

Landlocked and energy-poor, eSwatini wants independent power producers to play a bigger role in building renewable energy capacity, as the kingdom strives to generate sufficient power and end years of over-dependence on imported electricity.

Lagos-headquartered Nigerian Breweries has signed a 15-year power purchase agreement (PPA) with local commercial and industrial (C&I) developer Daystar Power Group for a solar PV and battery plant at its Lagos brewery and head office.

State power utility Zesco Ltd has signed a ten-year power supply agreement (PSA) with Canada’s First Quantum Minerals (FQM), in a move expected to ringfence the future of one of Zambia’s most important mining assets.

Africa Oil Corporation has called interest in an offshore farm-out deal ‘staggering’ and Marathon Oil is looking to take advantage of LNG arbitrage opportunities but, while IOCs talk up opportunities, oil production is on a downward trajectory and the political environment remains opaque, writes James Gavin.

The leak of briefing notes for COP28 president Sultan Al-Jaber just ahead of the summit’s opening in Dubai drew attention to the United Arab Emirate’s extensive energy dealings in key African economies, including Egypt and Kenya. Key players include renewables flagship Abu Dhabi Future Energy Company (Masdar) and oil giant Abu Dhabi National Oil Company (Adnoc).

The West African Power Pool (Wapp) has inaugurated its Information and Co-ordination Centre (ICC) at its headquarters in Cotonou, Benin.

Port Harcourt-headquartered First Independent Power Ltd (Fipl) has signed a long-term contract with the United States’ General Electric (GE) for the maintenance of the gas turbine at its Afam Phase I plant.

The World Bank Group (WBG) is back in the Grand Inga game, more than seven years after it suspended funding for the first phase of the Democratic Republic of Congo (DRC) mega-scheme. However, with elections due to be held on 20 December across most of the country (some conflict zones are excluded) it is highly unlikely that President Félix Antoine Tshisekedi Tshilombo will have a breakthrough to announce before the sceptical electorate cast their votes.

Cash-strapped South African state utility Eskom says it has used debt and its own cash to finance power transmission infrastructure projects that could unlock more grid capacity in the next few years as market operator NTCSA prepares for operation.

Toronto Stock Exchange (TSX)- and London AIM-listed Mkango Resources is planning three solar PV plants at its Songwe Hill mine. The $311m rare earths project has an estimated 18-year life-of-mine.