Search results

General

Type

Sector

Regions

Sort options

10,000 results found for your search

Issue 358 - 23 November 2017

Gambia: Oryx Energies buys fuels business

Subscriber

Oryx Energies has entered the Gambian market for the first time with the acquisition of a 75.01% stake in Atlas Energy Limited, Gambia. Atlas manages a network of 28 service stations and supplies fuels, lubricants and liquefied petroleum gas (LPG) products to business customers. The service stations will keep the Atlas name, while lubricants and LPG products will be sold under the Oryx Energies brand.

Gambia
Issue 246 - 17 January 2013

Gabon: Oil find for Harvest

Subscriber

Operator Harvest Natural Resources has made an oil discovery with the Dussafu Tortue Marin-1 well on the Dussafu Marin Block. Partner Panoro Energy said the well was spudded on 19 November to test the potential of the pre-salt Gamba and Dentale formations.

Gabon
Subscriber

Several high-profile government figures have been dismissed over a new power sector corruption scandal set to overshadow the contest for the leadership of incumbent party Chama Cha Mapinduzi (CCM) and ensure corruption remains top of the agenda in the run-up to October’s elections. The scandal centres on payments to Pan Africa Power Solutions Tanzania, owned by controversial businessman Harbinder Singh Sethi, from TSh200bn ($124m) held in an escrow account at the central bank. Sethi claimed to have purchased a 70% stake in Independent Power Tanzania Limited (IPTL), a 100MW gas-fired power plant, from Malaysia’s Mechmar Corporation, which is now in administration.

Tanzania
Free

For investors lining up to buy into the privatisation of Nigeria’s electricity supply industry, the issue of when the 459MW Azura-Edo independent power producer (IPP) will reach financial close has taken on a central importance. But questions of lending terms may seem arcane to outside observers and swathes of the Nigerian population who are focusing on more general economic and security priorities. The new president has declared he is “100% focused” on tackling the Boko Haram insurgency, while already being besieged by myriad other issues, including tackling splits in his All Progressives Congress coalition.

Nigeria
Subscriber

Intratrek Zimbabwe has been sounding out prospective contractors for the 100MW Gwanda solar PV project, as well as essential refurbishment at the 100MW Munyati coal power plant and 40MW Gairezi hydro. The news may be some consolation to state utilities who have been under pressure over the contracts in recent months, complaining to MPs that money given to the company could not be accounted for and progress had been slow (AE 336/5).

Zimbabwe
Subscriber

The Ministry of Energy and Water has given a consortium led by China Gezhouba Group Corporation (CGGC) an engineering, procurement and construction contract to build the 2,171MW Caculo Cabaça hydropower project, the Chinese construction and engineering company announced on 11 June. The contract, valued at $4.53bn, will include civil works as well as the supply, installation and commissioning of hydromechanical and electromechanical equipment, it said. Work is to be completed within 80 months. CGGC said the government would need to make a loan application to Chinese banks to arrange financing for the project.

Angola
Subscriber

Despite mixed results from its recent exploration efforts, Russia’s Lukoil has underlined its commitment to the Gulf of Guinea with a new production-sharing agreement offshore Côte d’Ivoire

Côte d'Ivoire
Issue 132 - 08 February 2008

COMPANIES AND PEOPLE: Aminex, Sterling

Subscriber

AMINEX: Egypt, Tanzania drilling plans; STERLING: Board changes

Egypt | Madagascar | Gabon | Tanzania
Subscriber

Renewables developer Access Power has acquired the licence for the 100MW Sankana solar scheme in Ghana’s Upper West Region from Accra-based Home Energy Africa and is in negotiations on a power purchase agreement and put-call agreement. The Ghana Energy Commission gave Home Energy Africa, distributor for Dutch solar products manufacturer Home Energy International, a 100MW provisional wholesale supply licence in February 2014, and a siting permit for the 200ha site in November 2014. Project sources say finalising the put-call agreement, essentially a sovereign guarantee, is expected to take some time.

Ghana
Subscriber

Ethiopian Electric Power (EEP) has selected engineering, procurement and construction contractors for a 5MW geothermal wellhead project at Aluto Langano. Toshiba Energy Systems & Solutions Corporation announced on 28 February that it had been awarded the contract alongside Toyota Tsusho Corporation and Turkey’s Egesim Energy Electro-Mechanic Construction Contracting Company.

Ethiopia
Subscriber

Goodluck Jonathan and his allies have proved ruthless in their efforts to reshape the Nigerian energy industry, with the president firing the second NNPC head of his short tenure, while his crackdown on corruption is removing some powerful PDP figures opposing his bid for a second term

Nigeria
Issue 145 - 06 September 2008

Kingfisher reserves upgrade likely

Subscriber

Block 3A operator Heritage Oil expects to upgrade reserves for the Kingfisher field following the drilling of the Kingfisher-2 appraisal well.

Uganda
Issue 248 - 14 February 2013

Sonatrach graft scandal back in focus

Subscriber

The decision by the Milan prosecutor to include Eni and its chief executive, Paolo Scaroni, in its investigation of Saipem’s activities in Algeria has focused attention on a key associate of former energy and mines minister Chakib Khelil.

Algeria
Subscriber

Record electricity consumption in mid-July has highlighted the basic weaknesses of beleaguered state utility Sonelgaz as it seeks to attract international support for its ambitious investment programme, writes Oualid Khelifi

Algeria
Issue 193 - 11 September 2010

EIB funds ERC refinery

Subscriber

The European Investment Bank has agreed $500m of finance for the Egyptian Refining Company as part of the largest project financing transaction in Egypt.

Egypt