Oxford Foundry and FMDQ Private Markets, a subsidiary of FMDQ Holdings Nigeria, have launched a global partnership to accelerate the growth of Nigeria’s startup ecosystem.
The International Renewable Energy Agency (IRENA) and the Electric Power Research Institute (EPRI) signed an MoU to advance the global electrification of the energy sector based on renewables and energy efficiency.
Eni, Nairobi office of Italian Agency for Development Cooperation sign MoU to develop joint initiatives in Kenya
Eni, through its subsidiary Eni Kenya, and the Nairobi Office of the Italian Agency for Development Cooperation (AICS) signed an MoU to identify possible collaboration opportunities in the areas of agriculture and value-chain development.
AfDB launches extractives sector project to stimulate domestic resource mobilization in Africa’s transitional countries
The African Natural Resources Centre of the African Development Bank (AfDB), has launched a first of its kind Financial Modelling for the Extractives Sector (FIMES) project aimed at strengthening domestic resource mobilization.
Kenya Electricity Generating Company (KenGen), has distributed more than 1.9 million tree seedlings to communities and institutions as part of its efforts to reduce carbon emissions.
TotalEnergies partners with Technip Energies to advance low-carbon solutions for LNG and offshore facilities
TotalEnergies and Technip Energies signed a Technical Cooperation Agreement to jointly develop low-carbon solutions for Liquefied Natural Gas (LNG) production and offshore facilities to accelerate the energy transition.
Eni, Government of Kenya partner to promote decarbonization by strengthening cooperation in the sustainable bio-fuel value chain
Eni and the Ministry of Petroleum and Mining of Kenya signed a Memorandum of Understanding to promote the decarbonization process to tackle climate change through new industrial models of fully-integrated circular economy.
Distributed Power Africa (DPA), has been selected as one of the energy companies contracted for the installation of solar power for TotalEnergies Zimbabwe service stations across the country.
Galileo Technologies will supply Egypt with 500 CNG dispensers and 200 Microbox Core™ MX200 compressor packages. These will equip the service stations of NGVC and GASTEC, two partially state-owned NGV companies.
The African Trade Insurance Agency (ATI), under its Regional Liquidity Support Facility (RLSF), has supported the Salima Solar PV plant in Malawi, by providing a revolving liquidity guarantee.
Dana Gas, the Middle East’s regional private sector natural gas company, announced its H1 2021 collections from the Kurdistan Region of Iraq (KRI), and Egypt, have increased 106% year-on-year to $185 million.
Angola’s oil and gas regulator, the National Oil, Gas and Biofuel's Agency (ANPG), achieved a milestone earlier this week when it opened bids for its 2020 onshore licensing round.
Decklar announces Share Purchase Agreement to participate in Asaramatoru Oil Field in OML 11, Nigeria
Decklar Resources announced the completion of a Share Purchase Agreement (SPA) to purchase all of the issued and outstanding ordinary shares of Purion Energy Nigeria.
The Sustainable Energy Fund for Africa (SEFA), secured commitments worth $90 million from existing and new donors in the year, including from the German Ministry for Development Cooperation and the Nordic Development Fund.
Le Fonds des énergies durables pour l’Afrique obtient 90 millions de dollars de nouveaux financements
Le Fonds des énergies durables pour l’Afrique (FEDA) a obtenu des engagements de 90 millions de dollars provenant de fonds du ministère allemand de la Coopération pour le développement et le Fonds nordique de développement.
A business which gives out virtual cash in exchange for rubbish, a start-up that converts faecal sludge into fuel briquettes, and an enterprise which offers smart metering solutions for solar mini-grids, have won the SEED Awards
Woodside Energy Senegal B.V. (Woodside), as operator of the RSSD joint venture, plans to begin the drilling campaign this week for the Sangomar Field Development Phase 1 offshore Senegal.
The new facility comes as part of Trina Solar’s commitment to further increase its footprint and presence in Africa to cater to the rapidly growing demand for solar energy in generating power for residential, commercial and industrial needs, in addition to farming and agriculture.
HEVO Ammoniac Maroc est un projet qui s’inscrit dans le cadre des objectifs du royaume en matière d’énergies renouvelables, devra atteindre une production de 31.850 tonnes par an d’hydrogène vert, de 151.800 t/an de nitrogène et de 183.650 t/an d’ammoniac vert.
The Rural Electrification Authority of Zambia (REA) and REEEP signed a memorandum of understanding outlining a joint effort to leverage the Edison data platform, to monitor and support Zambia’s broader electrification efforts.
Invictus Energy announced that its previous non-binding farm-in agreement for the Cabora Bassa Project in Zimbabwe, has been terminated.
Eni announced it has signed an agreement with the Egyptian Electricity Holding Company (EEHC) and the Egyptian Natural Gas Holding Company (EGAS) to assess the technical and commercial feasibility of projects for the production of hydrogen.
ReconAfrica announced that Namibia’s Ministry of Environment, Forestry and Tourism issued the Environmental Clearance Certificate (ECC) for the initial 2D seismic program to be conducted in the Kavango East and West regions of NE Namibia.
African Development Fund extends $83.6 million in grants to boost Ethiopia-Djibouti electricity trade
The Board of Directors of the African Development Bank Group has approved two grants worth $83.6 million to boost cross-border trade in electricity between Ethiopia and Djibouti and to deepen integration in the Horn of Africa sub-region.
Daystar Power, a provider of hybrid solar power solutions to businesses in West Africa, announced the closing of a $20 million facility from International Finance Corporation (IFC).
Zenith Energy announced it has agreed an international crude oil lifting, scheduled to take place during the month of July 2021, of approximately 68,000 barrels net to Zenith, for total receivables of approximately $4.5 million in Tunisia
IFC’s TechEmerge partners with logistics startup Kobo360 to pilot sustainable cooling innovations in Nigeria
Eleven global innovators have been selected to partner with 15 leading Nigerian companies to pilot cost-effective, climate-smart technologies to strengthen the country's temperature-controlled logistics supply chain.
IronRidge Resources entered a conditional binding agreement with Piedmont Lithium to fully fund and fast track the Ewoyaa Lithium Project, part of the Company's Ghanaian Cape Coast Lithium Portfolio (CCLP), to production.
To scale up clean energy production capacity in Gabon, IFC, the Government of Gabon, with the support of the Government of Canada, announced a financing package for the Kinguele Aval hydropower plant in Gabon.
The continent’s leading investment platform for the energy sector is doubling down on its role as the official promoter of Angolan oil and gas development by putting the country under the spotlight for investors across the globe
Kenya Electricity Generating Company (KenGen) is set to benefit from its Clean Development Mechanism (CDM) Projects further giving impetus to the company’s efforts to combat climate change.
Sasol and the Industrial Development Corporation of South Africa(IDC), concluded a memorandum of cooperation (MOC) to jointly develop and shape an enabling environment to advance South Africa’s green hydrogen economy.
Predator Oil & Gas, the Jersey-based oil and gas company with operations in the area of the Guercif Petroleum Agreement, located in the Guercif Basin in northern Morocco, announced completion of the drilling of MOU-1.
TechnipFMC has been awarded a significant(1) integrated Engineering, Procurement, Construction and Installation (iEPCI™) contract for the Jubilee South East development, located offshore Ghana.
Woodside Energy (Senegal) B.V. has completed the acquisition of the entire participating interest of FAR Senegal RSSD S.A. (FAR) in the Rufisque Offshore, Sangomar Offshore and Sangomar Deep Offshore (RSSD) joint venture.
Eni announced a significant oil discovery on the Eban exploration prospect in CTP Block 4, offshore Ghana. The Eban - 1X well is the second well drilled in CTP Block 4, following the Akoma discovery.
The Board of Directors of the African Development Bank had the granting of a loan of 39 million euros for the implementation of the first independent producer of hydroelectric power project in Gabon.
One of the industries that can benefit from AfCFTA is the energy sector, both the traditional oil and gas operators as well as the growing number of renewable enterprises.
The African Development Bank,AfDB, the Korean Ministry of Economy and Finance and the Export-Import Bank of Korea have signed an agreement, under which Korea will provide $600 million in co-financing for energy projects alongside the African Development Bank.
Shelf Drilling has secured a contract for the Baltic jack-up rig with Total E&P Nigeria for operations offshore Nigeria.
The Korean Ministry of Economy and Finance and the Export-Import Bank of Korea have signed an agreement, under which Korea will provide $600 million in co-financing for energy projects alongside the African Development Bank.
SDX Energy, the MENA-focused energy company, announced the commencement of the South Disouq drilling campaign, which will comprise two wells over the next few months.
Africa Oil Corp announced it has received its seventh dividend from Prime Oil and Gas Cooperatief UA ("Prime"). The Company also announced significant increase in the Egina oil field production, offshore Nigeria.
Kowry Energy wins Rolls-Royce Power Systems as an investor as it launches across Sub-Saharan Africa. The Berlin-based company will empower local, independent energy companies with decentralized energy systems.
The Nigerian Content Development and Monitoring Board (NCDMB), the Nigerian National Petroleum Corporation (NNPC), and ZED Energy signed shareholders agreement on the construction of Brass Petroleum Products Terminal.
[South Africa] Karpowership denied environmental authorisation for development of gas to power via powerships
The Department of Forestry, Fisheries and the Environment has reached a decision on the three applications which were submitted in October 2020 by Karpowership for an environmental authorisation for the development of gas to power via powerships.
Canadian Solar secured a €50 million bilateral corporate facility with Banco Santander (Santander), to support growth at Canadian Solar's Global Energy business as it executes and expands on its project development pipeline in the EMEA region.
The Cancel Fossil Fuels movement is currently being led by the International Energy Agency, which recently declared that all oil and gas exploration must cease immediately in order to achieve compliance with the Paris climate accords – and save the world from the mythical fires of hell on Earth.
SAP SE has announced that Bboxx, a next generation clean energy and utility provider, has selected the Grow by SAP cloud offering to scale the business to meet its ambitious goal to solve energy poverty.
San Leon announced a conditional investment of $2 million as well as an option to conditionally invest a further $6.5 million in the equity of Energy Link Infrastructure, the company which owns the Alternative Crude Oil Evacuation System project.
Schlumberger announced its commitment to achieve net-zero greenhouse gas (GHG) emissions by 2050.
World Bank approves $168m financing for solar energy production, rural electrification in Burkina Faso
The World Bank approved financing of $75 million from IDA and $93 million from the Clean Technology Fund via the Sustainable Renewables Risk Mitigation Initiative (SRMI), to help increase access to electricity in rural areas in Burkina Faso.
AMEA Power, a subsidiary of UAE-based Al Nowais Investments (ANI), has announced the official commissioning of its 50MW solar photovoltaic (PV) plant in Blitta, Togo, marking the country's first utility-scale renewable energy project developed by an Independent Power Producer
FSD Africa Investments invests $4.5 million to support the scale up of off-grid energy access in African markets
FSD Africa Investments (FSDAi), the investing arm of FSD Africa, has invested $4.5 million in Nithio FI, a renewable energy financing intermediary focused on the Pay as You Go (PAYG) off-grid solar sector, to provide reliable and sustainable renewable energy solutions for households and small businesses in Kenya, Nigeria, and Uganda.
KARMOL's first Floating Storage and Regasification Unit (FSRU), arrived in Dakar, marking a major step forward in KARMOL's LNG-to-Power project to supply reliable, affordable, and cleaner energy to Senegal.
Algeria’s National Hydrocarbons Company Sonatrach announced that a technical incident occurred on June 11 at the Skikda LNG Complex, leading to the shutdown of the complex.
Shares in Thungela Resources, a South African thermal coal exporter, commenced trading on the commodity counter of the Main Board of the Johannesburg Stock Exchange (JSE).
Senegal’s PETROSEN and Cos-Petrogaz lay out gas strategy, reinforce partnership with African Energy Chamber
Senagal's Ministry of Petroleum and Energy, PETROSEN and Cos-Petrogaz laid out national gas and energy transition strategy with the African Energy Chamber (AEC), to enhance promotion and competitiveness in the gas and energy sector.
Antoine Frérot, Veolia Group’s Chairman and Chief Executive Officer, announced that Chouhaid Nasr has been appointed as Morocco Country Director, effective July 1, 2021.
Predator Oil & Gas announced the MOU-1 well was spudded at 0100 hours on Sunday 20th June 2021 with drilling ahead in progress to the first planned 133/8" casing point.
Victoria Oil & Gas announced it has entered into a definitive financing agreement with Meridian Capital to raise maximum gross proceeds of $7.5 million through the issue of unsecured loan notes, for Matanda licence in Cameroon.
CDC Group, UK’s development finance institution and impact investor, announced a $50 million project finance direct debt investment to ACWA Power’s Redstone Concentrated Solar Power Project (Redstone) in South Africa.
Decklar Resources announced it has made significant progress in preparation for the Oza-1 well re-entry with the arrival of the drilling rig, camp, and all associated equipment at the site.
Eni has signed an agreement with the Arab Republic of Egypt, the Egyptian General Petroleum Corporation (EGPC), and Lukoil for the merger of the concessions of Meleiha and Meleiha Deep, in Egypt's Western Desert.
The African Development Bank approved an €83 million loan to finance the second phase of Egypt’s Electricity and Green Growth Support Program.
VAALCO, in conjunction with its 2021/2022 drilling program planned to begin later this year, it has executed a contract with Borr Jack-Up XIV Inc., to drill two development wells and two appraisal wellbores with options to drill additional wells in Gabon.
Kenya Electricity Generating Company PLC (KenGen) has joined the UN-backed global campaign to combat global warming, becoming the first public service agency in Kenya company to do so.
The World Bank updated its approach to help strengthen regional integration in Africa. This reinforces the institution’s support to help the continent recover from the COVID-19 pandemic and realize its economic transformation through 2021-2023.
Globeleq, Africa’s independent power producer, announced it officially broke ground on the pioneering 19MWp solar and 7MWh storage power project at Cuamba in northern Mozambique.
The Government of Liberia, through the Liberia Petroleum Regulatory Authority, working in collaboration with the National Oil Company of Liberia, announced its intention to open 33 offshore blocks (LB-1 to LB-33) for Direct Negotiations.
Shelf Drilling announced it has secured a one-year contract for the Shelf Drilling Tenacious jack-up rig with a wholly owned subsidiary of Chevron - Cabinda Gulf Oil Company (CABGOC), for operations offshore Angola.
FAR Limited, independent, Africa focused oil and gas exploration and development company with high value assets in West Africa, East Africa and Australia, has locked in the timetable for drilling the Bambo-1 well offshore Gambia.
The World Bank approved $200 million in International Development Association (IDA), funding to help Benin improve access to electricity services for households, businesses, and basic public services.
IFC and the Government of Niger announced a partnership under the World Bank Group's Scaling Solar program to develop up to 50 megawatts of grid-connected solar power, equivalent to roughly 20 percent of the country's current installed capacity.
Sound Energy, the Moroccan focused upstream gas company, has entered into a sale and purchase agreement with Schlumberger Holdings II Limited to acquire the entire issued share capital of Schlumberger Silk Route Services Limited (SSRS).
The International Renewable Energy Agency (IRENA) and the Ministry of Energy, Mines and Environment (MEME) of Morocco agreed to strengthen joint collaboration to advance knowledge in renewable energy and to accelerate the energy transition.
The National Petroleum Corporation of Namibia (NAMCOR), and ReconAfrica announced the execution of a Joint Operating Agreement (JOA), to develop the resource potential of the Kavango Sedimentary Basin, Northeast Namibia.
Andrew Thomas is joining ASAFO & CO. London along with Winston Bell-Gam from Holman Fenwick Willan (HFW) with practice focuses on project finance with a particular emphasis on the power, pipeline, infrastructure, healthcare and transportation sectors.
[Maroc] OCP S.A. procédé avec succès à une nouvelle emission obligataire Internationale pour 1,5 milliard USD
Conformément à l’autorisation de son Conseil d’Administration ainsi que de l’Assemblée Générale, OCP S.A. a annoncé avoir procédé avec succès à une émission obligataire sur les marchés internationaux pour un montant total de 1,5 milliard USD.
Dans le cadre des rencontres périodiques relatives à l’examen des projets entre SONATRACH et ENI, les deux compagnies s’est réuni pour passer en revue l’avancement des travaux concernant les projets exploration et production.
Zenith Energy to commence drilling activities in recently acquired Robbana concession onshore Tunisia
Zenith Energy announced it is in the process of finalising plans to commence drilling activities in the recently acquired Robbana concession, onshore Tunisia.
A consortium of a subsidiary of McDermott International and Sinopec International Petroleum Service Corporation received a conditional Letter of Award for the future contract valued at approximately $2 billion from Total for the Tilenga project.
Tullow Oil announced that the sale of its Dussafu Marin permit asset in Gabon to Panoro has now completed.
Africa Energy Corp., an oil and gas company with exploration assets offshore South Africa and Namibia, announced that the joint venture partners on Block 11B/12B offshore South Africa are assessing the feasibility of an early production system.
GE releases position paper on accelerating South Africa’s energy transition with gas power and renewables
As South Africa is addressing climate change as an urgent priority with strong commitments on policy and regulation, General Electric, GE, has shared its position that the accelerated and strategic deployment of both renewable energy and gas power can make substantial progress in combating climate change.
Small and medium-sized enterprises (SMEs), in Egypt will benefit from a $100 million loan by the European Bank for Reconstruction and Development (EBRD), to the National Bank of Egypt (NBE).
Global petrostates can forget trillion-dollar oil and gas tax revenues as energy transition bites, Rystad reports
The global government income from oil and gas taxation fell to a multi-year low in 2020 of around $560 billion, as production and prices shrunk. Before Covid-19, oil and gas taxes usually exceeded the trillion-dollar mark.
ReconAfrica announced the Company has set intermediate casing and is pleased to report geologic results in the first section of the second well (6-1), which again confirms a working petroleum system in the Kavango Sedimentary Basin.
Achieving net zero emissions means the amount of greenhouse gases being emitted into the atmosphere would equal the amount being removed. Achieving this balance, the IEA maintains, would require more than aggressive carbon-capture measures:
The company has so far drilled 29 metres against a possible maximum of 3,000 metres, further entrenching KenGen’s foothold in the Horn of Africa as a leader in geothermal energy production.
Gridworks, AEE Power and Eranove sign concession agreements with DRC on $100m solar-hybrid power project
A consortium led by Gridworks including Eranove and AEE Power, signed three concession agreements with the Ministry of Hydraulic Resources and Electricity of the Democratic Republic of Congo (DRC).
With load shedding back and disrupting day to day life, compounded by consumers feeling the 15% increase on their electricity bill, alternative sources of energy are starting to look more attractive to South Africans.
Energy Capital & Power, on behalf Equatorial Guinea’s Ministry of Mines and Hydrocarbons (MMH), announced the start of drilling in the Elon Field in Trident Energy-operated Block G in the Rio Muni Basin in Equatorial Guinea.
Scatec has been awarded Preferred Bidder status on three projects totaling 150MW (3x50MW) of Contracted Capacity, by the Department of Mineral Resources and Energy in South Africa.
Envoi has been commissioned by UAE based Dana Gas PJSC, to assist in its search for a drilling partner to join them in the exploration drilling of the huge Thuraya prospect, situated some 80 km offshore from the Egyptian coast.
Savannah Energy in proposed acquisition of ExxonMobil's upstream and midstream asset portfolio in Chad and Cameroon
Savannah Energy announced it is in advanced exclusive discussions with ExxonMobil Corporation with respect to the proposed acquisition of its entire upstream and midstream asset portfolio in Chad and Cameroon.
The European Bank for Reconstruction and Development (EBRD), and the Green Climate Fund (GCF), are strengthening their cooperation by launching the new $1.01 billion “High impact programme for the corporate sector” to scaling up green financing.
Intertek, a Total Quality Assurance provider to industries worldwide, announced it has awarded Egyptian Natural Gas Holding Company (EGAS) with the globally-recognized ISO 50001 certification for Energy Management Systems.
PGS and ION Geophysical Corporation announced the successful completion of a survey offshore Egypt acquired on behalf of Shell with an innovative Extended Long Offset (ELO) design in combination with ION’s Gemini source technology.
Valaris announced it has been awarded a one-well contract with Total E&P Côte d'Ivoire B.V. offshore Ivory Coast for drillship, VALARIS DS-12. The contract is expected to commence in the third quarter of 2021.