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IPSA Group, which is listed on London’s Alternative Investment Market and Johannesburg Stock Exchange, has finally announced the sale of its four Siemens Westinghouse 701 DU gas turbines, in deals worth $66m. The deals will help IPSA to overcome its debt problems, escaping a difficult situation by exploiting the global increase in turbine prices

Representatives of striking fuel workers were meeting management as African Energy went to press to discuss a new pay offer in a bid to end a stoppage lasting more than two weeks

Wärtsilä has secured a turnkey order to supply a 180MW gas-fired plant for the Sasol group, in a project that will allow the energy and chemicals giant to diversify its power supply away from Eskom

Some 70,000 fuel industry workers went on strike on 11 July, demanding a

South Africa’s SacOil Holdings has named former senior Tullow Oil executive Jan Maier as

PetroSA has followed its co-operation agreement with Italy’s Eni by signing a memorandum of understanding (MoU) with South Korea’s Korea National Oil Corporation (KNOC) on 5 July. The two companies agreed to exchange commercial and technical information on hydrocarbon

Government-owned development finance institution Industrial Development Corporation of South Africa (IDC) has announced that its investment commitments will rise to R102bn ($14.8bn) over the next five years.

Houston-based Cobalt International Energy is preparing to drill two exploration wells on Block 21. Cobalt said the Ocean Confidence drilling rig would return from an assignment to

Nersa is to hold public hearings on 13 July to assess applications for licences for the 670MW Avon Peaking Power and the 335MW Dedisa Peaking Power

India’s CESC Ltd plans to set up a 2x600MW plant near the Boikarabelo mine at Waterberg to supply the South African grid. The century-old Calcutta (Kolkata) electricity supply company has many generation projects at home, but this is a rare foreign operation linked to a mining investment. The Boikarabelo mine is being developed by Australian Stock Exchange-listed Resource Generation Ltd (through its wholly owned Bantal Singapore Pte Ltd unit).

Italy’s Eni has signed a memorandum of understanding (MoU) with state oil and gas company PetroSA, establishing co-operation between the companies both inside and outside South Africa.

The African Development Bank (AfDB) is leading a $365m financing package to support Eskom’s effort to build a significant renewables component into its multi-billion dollar development programme

ANGOLA: Cobalt pre-salt plans; GABON: Dussafu drilling; SOUTH AFRICA: Shale gas exploration halt in Karoo; TANZANIA: BG contracts new rig

Australia’s Riversdale Mining is in talks with a consortium of strategic equity partners who will take equity in the 600MW first phase of the Benga power project in Tete Province and assume full development and operational responsibility for it.

Soaring crude prices – coupled with more realistic expectations – have improved conditions for African biofuels projects, writes François Misser