Technip Energies and COS Petrogaz have signed a MoU to collaborate in the fields of LNG, carbon-free energy solutions and decarbonization, in order to accelerate Senegal's gas development and support a fair and equitable energy transition.
Le Ministère de la Coopération internationale et de la Promotion du Partenariat Public-Privé du Congo organise un Forum dédié à renforcer les investissements étrangers dans le pays du 30 au 31 mai 2022 à Kintélé.
The African Development Bank Group and Sweden’s Development Finance Institution, Swedfund International AB (Swedfund), have formalized an agreement to enhance private sector participation in independent power transmission line projects in Africa.
Sonatrach a signé un contrat avec les entreprises chinoises CNTIC et Sinopec, pour la construction d’une usine d’éther de méthyle et de tertiobutyle (MTBE) au sein du complexe gazier et pétrochimique d’Arzew.
Afreximbank has signed an Agreement with the African Petroleum Producers Organization according to which both parties will collaborate on the establishment of an African Energy Transition Bank in support of an Africa-led energy transition strategy.
As Angola’s Ministry of Mineral Resources, Petroleum and Gas spearhead efforts to reverse declining production levels, Angola’s deep and ultra-deep offshore assets will be at the forefront of drilling campaigns, aimed at meeting phased production targets, over the next decade.
Six African countries have joined forces to launch the Africa Green Hydrogen Alliance to collectively scale-up investment and development across the continent’s burgeoning green hydrogen landscape.
Oil and Gas has been a pillar supporting the Nigerian economy for a very long time. Rich in this natural resource, Nigeria may be guilty of neglecting other promising sectors, like Agriculture and even Insurance.
GET.invest Burund aiming to respond to the country’s need for affordable, reliable and clean access to energy services alongside its regional partners.
BG International Limited., a subsidiary of Shell signed a Farm Out Agreement (FOA) with ExxonMobil Egypt (Upstream) Limited to acquire a 100% stake in the ExxonMobil-operated North East El-Amriya Offshore Area.
SDX Energy, the MENA-focused energy company, announced the spudding of the MSD-24 infill development well on the Meseda field located in the West Gharib concession in the Egyptian Eastern Desert.
The European Bank for Reconstruction and Development (EBRD) is facilitating access to finance for Tunisian Laboratoires Teriak, through a risk-sharing facility with Attijari bank Tunisia.
Aimed at scaling up private sector investment in African oil and gas projects, the bank will provide critical financing for new and existing oil and gas projects, as well as energy developments across the entire value chain.
SHAL, Rockwash Geodata partner to establish a digital well cuttings national data repository in Angola
Angolan upstream advisory and consultancy company, Striped-Horse Atlântico Lda (SHAL), along with Rockwash Geodata, announced an agreement with the ANPG to establish a world class geological laboratory in Luanda.
Reconnaissance Energy Africa (ReconAfrica), announced the filing of the first prospective resource report for certain leads in the Kavango Basin, onshore Namibia.
Havfram announced that PC Mauritania 1 Pty, has awarded Havfram a contract for the provision of EPRD Services for the Abandonment and Decommissioning of Subsea Facilities at Chinguetti and Banda Fields, offshore Mauritania.
As South Africa experienced Stage 4 load-shedding last week, state-owned utility Eskom announced plans to issue a request for proposals (RFP) for the supply of gas to the Ankerlig and Gourikwa open-cycle gas turbine (OCGT) power stations in the Western Cape province.
Zambia and the Democratic Republic of Congo (DRC) has signed a historical cooperation agreement to facilitate the development of value chain in electric battery and clean energy sector.
Decklar Resources announced the commencement of the shipment of crude oil via trucks from the Oza Oil Field to the UPIL crude handling facilities.
Apex International Energy announced that the Fajr-8 development well was tested at a daily rate of 2,440 barrels of oil and negligible water.
Panoro Energy announced that the Joint Venture partners at Block G offshore Equatorial Guinea have agreed a material time extension of the Production Sharing Contract (PSC) until 31 December 2040.
Wildcat Petroleum announced that after a process of engagement with the Petroleum Directorate of Sierra Leone (PDSL), it has entered into a Reconnaissance Permit Agreement (Permit) over 20 offshore petroleum blocks in Sierra Leone.
LyondellBasell, one of the largest plastics, chemicals and refining companies in the world, and Sasol, a global integrated chemicals and energy company, announced the closing of their Louisiana-based Integrated Polyethylene JV transaction.
The African Development Bank is achieving satisfactory results in Madagascar, according to the mid-term report of the Country Strategy Paper (CSP) for the period 2017-2021 and the performance review of the 2019 country portfolio.
The African Development Bank approved $5 million investment in the SPARK+ Africa Fund to deliver clean cooking solutions to over two million households across Africa.
The African Development Bank approved a $120 million loan to fund the construction of a 50 MW hydropower plant in Western Tanzania.
Bamboo Capital Partners has been appointed by the Government of Madagascar and the World Bank as the international fund manager for the Off-Grid Market Development Fund, a $40 million renewable energy access fund.
The Kenya Bankers Association (KBA) and the Kenya Climate Innovation Centre (KCIC) signed a Memorandum of Understanding aimed at advancing the green finance agenda in Kenya.
Bboxx, a next generation utility, has secured a $4 million loan from the Facility for Energy Inclusion Off-Grid Energy Access Fund (FEI OGEF), a debt fund managed by Lion’s Head Global Partners (LHGP), to accelerate Bboxx’s operations in the DRC.
LyondellBasell and Sasol announced they have entered into a definitive agreement to form a 50/50 joint venture (JV) through which LyondellBasell will acquire 50 percent of Sasol’s 1.5 MM ton ethane cracker.
The Development Bank of Southern Africa (DBSA), announced the launch of its first €200 million green bond.
Global investors welcomed the West African Development Bank’s first bond issue with sustainable development objectives (Sustainability Bonds).
The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) are supporting green investments by the private sector to strengthen Morocco’s economic recovery.
IFC released its new Social Bond Impact Report, showing cumulative volume raised from the program more than doubled in FY2020, bringing the total to over $3 billion since the program's founding.
CDC Group, UK’s development finance institution and impact investor, announced a joint commitment of $90 million in partnership with leading investors, to Greenlight Planet.
The World Bank approved $150 million in financing to improve access to modern energy for households, enterprises, and public institutions in Rwanda and to enhance the efficiency of electricity services.
The U.S. International Development Finance Corporation (DFC) approved investments this quarter totaling more than $2.5 billion across nine projects that will advance development in Africa, Latin America, and emerging markets across the globe.
IFC announced a loan to FirstRand Bank to enable increased financial and advisory support to energy-efficient and water-smart projects in South Africa, helping the country meet climate emission and other environmental targets.
US based renewable energy company, Montauk Renewables, listed on the Johannesburg Stock Exchange’s (JSE) Main Board, making this the first company listing for 2021.
The World Bank approved a $50 million grant from the International Development Association (IDA) to improve access to electricity in Sierra Leone and enhance institutional capacity and commercial management of the sector.
The European Investment Bank has confirmed EUR 38.5 million of new financial and technical support to transform renewable power generation in Burkina Faso and better protect its capital city from future flooding.
IFC announced a loan to Kioo, East Africa's largest producer of glass bottles, to help the Tanzanian company weather COVID-19-related challenges, protect jobs, and invest in energy-efficient machinery to reduce its carbon footprint.
Through a new initiative, IFC will work with financial institutions in four countries to mobilize private sector financing for climate mitigation and adaptation projects and help align financial-sector strategies with the targets of the Paris Climate Agreement.
Reconstruction of road and rail links in the Madagascan capital Antananarivo will be accelerated following the disbursement of €16.4 million by the European Investment Bank.
IFC and Nedbank have partnered to increase financing for renewable energy projects in South Africa, helping the country transition to cleaner forms of power, reduce greenhouse gas emissions, and create jobs in the renewables sector.
The Rockefeller Foundation and U.S. International Development Finance Corporation (DFC) signed a Memorandum of Understanding (MOU) to work to end energy poverty by promoting investment in Distributed Renewable Energy around the world.
The U.S. International Development Finance Corporation (DFC) Chief Executive Officer and Prosper Africa Executive Chairman Adam Boehler announced a series of efforts to expand U.S. investment in Morocco.
The African Development Bank (AfDB) approved a loan of $42.9 million to finance the second phase of a major power transmission and interconnection project in Madagascar.
The African Development Bank (AfDB) announced $90 million in new donor commitments for the Sustainable Energy Fund for Africa (SEFA).
African Infrastructure Investment Managers (AIIM), Africa infrastructure-focused private equity fund managers, has successfully completed a capital increase of $80 million for its flagship pan-African infrastructure fund, AIIF3.
The Africa Enterprise Challenge Fund (AECF) launched a $ 8.5 million grant facility to support adoption and diversification of renewable energy solutions in the Somalia and Somaliland.
The European Bank for Reconstruction and Development (EBRD) is promoting the expansion of renewable energy in Egypt by supporting one of the first green private-to-private projects in the country, with an initial $4.2 million loan to TAQA PV for Solar Energy.
The World Bank announced an ambitious target for 35% of its financing to have climate co-benefits, on average, over the next five years. It replaces an earlier target of reaching 28% by 2020, which was in place over the last 5 years.
Wintershall Dea a annoncé avoir conclu un accord de vente et d'achat pour acquérir la participation de 11,25 % d'Edison dans le projet de gaz naturel Reggane Nord en Algérie.
Wintershall Dea announced it has entered into a sale and purchase agreement to acquire Edison’s 11.25% participating interest in the Reggane Nord natural gas project in Algeria.
As we have seen over time, when one sectors hits a low point, another is seen hitting high notes. Such is the situation as we’ve seen it lately.
ReconAfrica announced that further to its announcement in February, it has entered into an extension to the Letter of Intent with its partner, NAMCOR, to acquire half of NAMCR’s 10% carried participating interest in the Kavango basin, NE Namibia.
SDX Energy, the MENA-focused energy company, announced a gas discovery at the SD-12 East well that targeted a separate compartment in the Sobhi Field, within the Ibn Yunus North development lease.
San Leon, the independent oil and gas production, development and exploration company focused on Nigeria, announced the extension to the timing of its follow-on investment in the Oza oil field in Nigeria.
SDX Energy, the MENA-focused energy company, announced the completion of the tie-in of the SD-5X Warda well (SDX Working Interest: 36.85%) to the CPF via the SD-4X flow-line approximately one month ahead of schedule.
More African energy projects should be crowdfunded either in fiat or digital currency and non-fungible tokens (NFTs) to ensure that these projects get developed.
The President of Tanzania, Samia Suluhu Hassan has stated that the country has a goal of producing 6,000MW from renewable energy by 2025.
Sun King, a solar energy company that helps power off-grid homes in Africa and Asia has raised $260 million in Series D funding.
La plateforme d'investissement la plus importante d'Afrique, ECP, a créé une coalition avec le ministère de l'énergie de Mauritanie et la CPN afin d'attirer l'intérêt des parties prenantes étrangères pour de nouveaux projets d'énergies renouvelables et 28 nouveaux blocs offshore fraîchement libérés
Lors de la Semaine africaine de l'énergie 2022, la SONIDEP du Niger mènera des discussions sur la stimulation des investissements dans le secteur en aval du pétrole et du gaz en Afrique afin de maximiser la commercialisation des hydrocarbures.
Invictus Energy announced it has received three farm-in offers for the Cabora Bassa Project onshore Zimbabwe, including an updated bid from Cluff Energy Africa.
Afentra announced that its wholly-owned subsidiary, Afentra Angola, has signed a Sale and Purchase Agreement (SPA) with Sonangol to purchase interests in Block 3/05 and Block 23, offshore Angola.
Sequa Petroleum announced that Sungara has entered into an agreement with Sonangol to purchase a 10% participating interest in Angola's Block 15/06, 40% participating interest in Block 23 and 35% participating interest in Block 27.
Worley obtient un contrat pour fournir des services d'ingénierie pour le projet de gazoduc Nigeria-Maroc.
Worley s'est vu attribuer un contrat pour fournir des services d'ingénierie d'avant-projet détaillé (FEED Phase II) pour le projet de gazoduc Nigeria-Morocco (NMGP). L'étude d'ingénierie progresse conformément à la planification initiale du projet.
Worley has been awarded a contract to provide main front-end engineering design (FEED Phase II) services for the Nigeria-Morocco Gas Pipeline (NMGP) project. The engineering study is progressing in accordance with the initial project planning.
The African Development Bank (AfDB), approved two loans amounting to $180 million to co-finance a major energy project that will extend electricity access to rural areas and reduce greenhouse gas emissions in Rwanda.
PetroNor announced it has established first production from the Litanzi infill drilling program in Congo, Brazzaville.
Seadrill announced that Sonadrill, Seadrill’s 50:50 joint venture with an affiliate of Sonangol, has secured a ten-well contract with options for up to eight additional wells in Angola for the West Gemini drillship.
VAALCO Energy announced the successful completion of the Avouma 3H-ST development well that was drilled from the Avouma platform in the Etame field, offshore Gabon.
BGFIBank disposée à financer d’autres mini centrales hydroélectriques, après le succès de Mbakaou.
Dover Fueling Solutions (DFS), announced it has expanded its agreement with Global Technical Services (GTS) to include the provision of its DX Wetstock management services, an end-to-end fuel management solution, to the Egyptian markets.
Savannah Energy announced that Accugas, the Company's 80% indirectly owned subsidiary, has signed an addendum to its existing interruptible gas sales agreement (IGSA) with First Independent Power Limited (FIPL).
The Republic of Congo and Eni signed a letter of intent in Brazzaville to increase gas production and export.
SDX Energy, the MENA-focused energy company, announced the spudding of the SD-12 East appraisal well, targeting additional reserves to the east of the SD-12X discovery well on the Sobhi field located in the Ibn Yunus North development lease.
Eco Atlantic deposits $20m to support capital expenditure requirements for Gazania-1 well offshore South Africa
Africa Energy announced that Eco Atlantic has deposited approximately $20 million in escrow to support its capital expenditure requirements for the Gazania-1 well on Block 2B offshore South Africa after closing the acquisition of Azinam Group.
Kenya’s leading electric vehicle (EV) maker Opibus has changed its name to ROAM. The company was among the earliest entrants into the local electric vehicle manufacturing sector.
Eni announced new oil and gas discoveries in the Meleiha concessions, in Egypt’s Western Desert, for approximately 8,500 barrels/day of oil equivalent.
Wood has been awarded a contract by Woodside Energy for the Sangomar FPSO development, located 100km south of Dakar, Senegal.
The Egyptian Natural Gas Holding Company (EGAS) and Eni, signed a framework agreement that will allow to maximize gas production and LNG exports, to promote Egyptian gas export to Europe, and specifically to Italy.
BUTEC Group has completed the process of acquiring the entire African energy services business of French gas giant ENGIE.
Le groupe BUTEC a finalisé le processus de rachat de l’ensemble des activités de services à l’énergie en Afrique du géant français du gaz ENGIE.
Un accord entre ALGER- SONATRACH et le groupe Italien “ENI” a eté signé dans le domaine de gaz pour fixer les niveaux des prix de vente de gaz naturel.
The African Energy Chamber (AEC), announced that Ndubuisi Maduemezia, Vice-President of Investor Relations at Schlumberger, has joined the AEC as a Board Member.
VAALCO Energy announced the successful drilling of the Avouma 3H-ST development well that was drilled from the Avouma platform in the Etame field, offshore Gabon.
Sonangol selects Afentra as preferred bidder for purchase of interests in Block 3/05 and Block 23, Angola
Sonangol announced that Afentra has been selected as preferred bidder to purchase interests in Block 3/05 and Block 23 (the Acquisition) in Angola.
Eni and Sonatrach signed an agreement that will allow Eni to increase the quantities of gas imported through the TransMed / Enrico Mattei pipeline under the umbrella of the long term gas supply contract starting from the next autumn.
SDX Energy, the MENA-focused energy company, announced the spudding of the MSD-20 infill development well on the Meseda field.
Saipem has been awarded a contract by Coral FLNG, Special Purpose Entity incorporated in Mozambique by Area 4 Partners, for maintenance services of the floating facility Coral Sul FLNG for liquefied natural gas offshore Mozambique.
TGS, a global provider of energy data and intelligence, announced a new 3D seismic survey in the Red Sea, Egypt, in partnership with Schlumberger.
Le Conseil d’Administration d’Eneo Cameroon nomme un nouveau Directeur Général à la tête de l’entreprise
The Nigerian stock market indicators have shown lately a typical pattern in stock markets – investors stay loyal to the resilient stocks.
World Bank approves $70m to boost human capital, inclusive growth and regional integration in Djibouti
The World Bank approved two new projects totaling $70 million from the International Development Association (IDA), to help Djibouti foster more inclusive economic growth and strengthen regional integration.
QatarEnergy enters agreement with ExxonMobil to acquire 40% interest in exploration block offshore Egypt
QatarEnergy announced it has entered into an agreement with ExxonMobil to acquire a working interest in an exploration block offshore Egypt.
African Energy Week October Dates set in stone with exploration for energy and energy poverty on agenda
African Energy Week October Dates Set in Stone, AEW 2022 remains committed to African oil, gas and energy, driving its strong pro-African agenda in 2022 and beyond.
As part of its growth strategy to optimise the business and focus investments in core markets such as the Middle East, global drilling, engineering and technology provider KCA Deutag, has completed the sale of its land drilling business in Nigeria.