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Officials have developed an impressive roster of hydropower projects to provide electricity to Cameroon’s three regional grids and, eventually, to neighbouring countries. As shown in the map below, the government has authorised some 24 power projects with more than 4,000MW installed capacity. These

Cameroon
Free

The Skype line to a group of power developers in Nairobi is cut abruptly. When it returns, African Energy asks whether the interruption was caused by political turbulence; it surely can’t be due to generation shortfalls? (Kenya is building up a surplus of generation capacity). Of course not, chorus participants at the Nairobi end: it’s down to transmission and distribution (T&D) problems. Across sub-Saharan Africa, investment in transmission – including modern high-voltage lines – has lagged as planners and investors have focused on generation.

Kenya
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China National Petroleum Corporation has paid $4.21bn for a 20% stake in Eni’s Offshore Area 4. The deal gives the Chinese company a significant share in the block’s massive gas reserves, and reduces Eni’s exposure to the development costs. CNPC’s presence in Africa is mostly onshore, in Sudan, Chad and Niger, though the company also has acreage offshore Equatorial Guinea and Nigeria.

Mozambique
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A Nigerian court has ordered the seizure of $40m worth of jewellery and a customised gold iPhone belonging to former oil minister Diezani Alison-Madueke, the Economic and Financial Crimes Commission (EFCC) said on 5 July. A list of items published by the court included 419 bangles, 315 rings and 189 wristwatches.

Nigeria
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ADDAX PETROLEUM: Gabon farm-in as income plunges; TOWER RESOURCES: Uganda drilling, AIM placing

Uganda | Gabon
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In Namibia’s highly politicised resource economy, forming joint ventures with the right local partners is critical to accessing licences – but local partners can pose reputational risks. This is illustrated by the case of recent entrants Australia’s Pancontinental Oil & Gas and Texan outfit Hydrocarb

Namibia
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A subsidiary of Alfa Group, the global investment fund controlled by Russian-Ukrainian businessman Mikhail Fridman, submitted the highest bid for RWE Dea’s upstream assets on 20 January. If successful, Fridman’s offer would make him one of the most important foreign investors in Algeria, as well as establishing him in the Libyan, Egyptian and Mauritanian upstream in addition to Latin America and Europe. His Vimpelcom telecommunications company is already the largest shareholder in Orascom Telecom Algérie, which operates the Djezzy mobile telephone franchise. For the past two years, he has been in difficult negotiations with the Algerian government, which wants to reduce Vimpelcom to a minority shareholder.

Algeria
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The European Investment Bank board has approved an E8m ($10.7m) loan to the Omnicane ethanol distillery at La Baraque in the south of the island. The loan represents about a quarter of the project’s estimated E23m total cost. The plant, which began operations in April 2014, has a total production capacity of 25m litres/yr of hydrous ethanol, using 90,000 tonnes of molasses, with half sourced from La Baraque’s estate and the rest from other sugar factories in the island. The complex is designed to produce 72,000 tonnes of liquid fertilisers from the vinasse waste generated by the production of ethanol with the addition of urea and phosphoric acid.

Mauritius
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BP has completed its 2008 drilling campaign in the West Nile Delta with a gas find from the Ruby-3 (Ji 50-2) exploration well in the offshore West Mediterranean Deep Water concession.

Egypt
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The Brussels-based Global Wind Energy Council sees installed wind power capacity growing rapidly over the next five years to reach 13GW in 2019. In a report released to mark Global Wind Day on 15 June, the industry organisation said the African market had reached nearly 1,000MW of installed capacity for the first time in 2014. GWEC expects it to comfortably exceed 1GW in 2015, and continue growing. “We project total installations of a bit more than 13GW in the region through 2019,” the report said.

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Plans for a joint venture between leading Cairo-based private equity company Citadel Capital and Qatar Islamic Bank-backed investment company QInvest to build regasification facilities and import gas for Egypt’s domestic market have caused a degree of puzzlement in the industry. A 22 November statement from Citadel does not explain where the gas will come from or how the infrastructure and gas will be paid for. It says Citadel, QInvest and a group of Qatari investors will form a joint venture to “construct and own the facilities required to position a floating LNG storage and regasification unit (FSRU) at a location in Egypt to deliver natural gas to high-volume end-users”.

Egypt
Issue 219 - 04 November 2011

Heritage moves west

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Heritage Oil Corporation has signed a production-sharing agreement (PSA) covering

Tanzania
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The African Development Bank (AfDB) board on 20 May approved a loan of $70.5m to finance the Tanzania Power Sector Reform and Governance Support Programme (PSRGSP). The bank said the loan would provide budget resources for the 2014-15 financial year, with the aim of promoting inclusive growth and enhanced economic competitiveness through power sector, economic and financial governance reforms. The $70.5m is part of a $140m loan over three years, and will be followed by $35m for the 2015-16 and 2016-17 fiscal years.

Tanzania
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Dutch development bank FMO has named Peter van Mierlo as its new chief executive. Van Mierlo, who was previously chair of the board of management of PwC Netherlands and managing partner of PwC Europe, will take over on 1 July. He succeeds Jürgen Rigterink, who left FMO in April to join the European Bank for Reconstruction and Development. He will serve on FMO’s management board alongside chief investment officer Linda Broekhuizen and chief risk and finance officer Fatoumata Bouaré.

Issue 156 - 06 February 2009

Anadarko anticipates Jubilee booking

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Anadarko Petroleum Corporation expects to book some reserves from Ghana’s Jubilee field this year. Chairman and CEO Jim Hackett told analysts in a conference call on 3 February that it was not yet possible to narrow the range of estimated recoverable resources from 600m-1.8bn bbls at the Tullow Oil-operated field (AE 155/15).

Ghana