The Powership will soon shift from the use of heavy fuel oil to gas. This fuel switch-over will generate material reduction in Senegal’s fuel bill with positive spill-over effect on electricity costs in line with the Plan Sénégal Emergent.
Persistent Energy Capital announced a strategic venture building investment and partnership with Ecobodaa, a pioneer e-mobility startup, leading the revolution of the electric motorbike taxi (bodaboda) in Kenya.
The EBRD, the OPEC Fund, the African Development Bank, the Green Climate Fund and Arab Bank signed a $114 million financing package with ACWA Power for the construction of the largest private solar plant in Egypt.
South Africa's Sasol to work alongside Linde, ENERTRAG and Navitas to explore potential of cleaner aviation fuels
Sasol announced it will work alongside a consortium comprising Linde, ENERTRAG and Navitas (LEN Consortium), to bid in concept for the production of sustainable aviation fuel under the auspices of the German Federal Government’s H2Global auction platform.
icolo.io, a leading provider of carrier-neutral colocation services in Africa has announced the installation of Solar Energy systems at its Nairobi (NBO1) and Mombasa (MBA1) Data Centres.
Azinam completes acquisition of 50% operated interest in Block 2B oil discovery offshore South Africa
Azinam South Africa Limited (ASAL), a Seacrest company, announced the completion of its acquisition of a 50% operated interest in Block 2B offshore South Africa.
Nostra Terra, the oil & gas exploration and production company with a portfolio of development and production assets in Texas, USA, announced progress with the planned strategic expansion of its portfolio into Tunisia.
Sasol and Toyota South Africa Motors (TSAM) announced the formation of a partnership to commence exploration of the development of a green hydrogen mobility ecosystem in South Africa.
MIGA issues guarantees of $37.1m to AIIF3 for clean off-grid solar energy in Central and East Africa
MIGA issued guarantees of up to $37.1 million to a fund (AIIF3), to cover the fund's equity and quasi-equity/shareholder loan investments in Bboxx subsidiaries in Rwanda, Kenya, and DRC for up to 10 years.
Invictus, following the recent signing of the PEDPA with the Republic of Zimbabwe, has awarded Polaris Natural Resources a contract to provide acquisition services for its first 2D seismic program in the Cabora Bassa Basin.
Zenith Energy announced it has made a binding offer to wholly acquire a company holding a 100% interest in two hydrocarbons production and development concessions in Tunisia.
Sonatrach, Algeria’s national energy company, has terminated the contractual interest held by the U.K. company Sunny Hill Energy through its wholly owned subsidiary Petroceltic Ain Tsila in the Ain Tsila gas field in southeast Algeria.
BW Energy announced the re-start of a three-well drilling campaign on the Dussafu license offshore Gabon consisting of two exploration wells in the Hibiscus area and one production well on the Tortue field.
Panoro Energy announced it has received governmental approval and closed the farmout agreement (“FOA”) on Block 2B offshore South Africa.
The Economic Commission for Africa (ECA) is working with African countries to increase investment in infrastructure and agriculture on the continent.
Eastern and Southern Africa are vast, geographically diverse regions with rapidly growing populations and rising demands for energy. According to master plans for the two regional power pools, electricity demand is set to grow.
Maersk Drilling has been awarded a one-well contract from PC Gabon Upstream S.A. (PCGUSA), a subsidiary of PETRONAS, for the provision of a deepwater drillship rig.
Namibian Ministry of Mines and Energy and ReconAfrica announced the preliminary analysis of the data from the 6-2 well, providing a clear evidence of a working conventional petroleum system in the Kavango Basin.
Tenders have been awarded to Zismo Engineering ("Zismo"), for the construction of the overhead lines and to OptiPower for construction of substations at Lesedi and Serowe.
[Column] Verner Ayukegba: New leadership and energy sector restructuring will boost investments into Niger
It will enable Niger’s daily crude production to rise from currently 20,000 barrels to 110,000 barrels per day, making Niger a key gateway to the much-touted resource rich but largely unexplored Sahel region.
African Energy developments demand sustained investment with new projects in Mozambique, Tanzania, Uganda, and Senegal
In the past twelve months, the African energy sector has seen several encouraging developments, in the form of both Foreign Direct Investment (FDI) and strategic partnerships, that have advanced the sustainable development of its natural resources.
Sasol and Air Liquide are inviting bidders to participate in a Request for Proposal (RFP) process for the supply of renewable energy to Sasol’s South African operations.
Total and Siemens Energy signed a Technical Collaboration Agreement to study sustainable solutions for CO2 emissions reduction. The collaboration will focus on natural gas liquefaction facilities and associated power generation.
Anglo American announced the demerger of its thermal coal operations in South Africa, subject to the approval of Anglo American’s shareholders on 5 May 2021.
The OPEC Fund for International Development (the OPEC Fund), signed a $15 million public sector loan agreement with Madagascar to co-finance the second phase of a project that will improve energy access in rural areas.
Technology group Wärtsilä will convert the close to 90 MW Bel-Air power plant in Dakar, Senegal to operate on liquefied natural gas (LNG).
In this sense, the country has placed a major focus on developing in-country financing capabilities necessary for training, up-skilling and engaging local companies and individuals.
ADM Energy, a natural resources investing company, announced it has entered into a non-binding collaboration agreement ("CA") with Eunisell, the Nigerian owned oil and gas production solutions company.
Uganda, Tanzania and oil firms Total and CNOOC on Sunday signed agreements that will kickstart the construction of a $3.5 billion crude pipeline to help ship crude from fields in western Uganda to international markets.
RES4Africa Foundation is increasing its footprint in Morocco’s renewable energy sector with the Moroccan Agency for Sustainable Energy (MASEN) and a formal agreement with Morocco’s Ministry of Energy, Mines, and Environment.
Russian multinational Lukoil will not proceed with its non-binding bid to acquire FAR Limited’s stake in Senegal’s Rufisque, Sangomar and Sangomar Deep (RSSD) project, according to a statement by the Australian oil and gas explorer.
Solar home systems social enterprise startup Baobab+ has raised €4 million in financing for the expansion of its activities in Côte d’Ivoire and Senegal.
The aim of the agreement is to ensure the plants’ continued high levels of availability, reliability and efficiency, while providing important cost predictability for future budgeting purposes.
ION Geophysical Corporation, announced the Company was awarded an exclusive agreement for 3D multi-client programs offshore Kenya. The agreement includes both 3D new acquisition offshore the Lamu Basin and reimaging vintage data offshore Kenya.
Energy poverty represents one of the most critical challenges for development in Africa. According to the International Energy Agency, in 2019, the continent had more than 580 million people without electricity access.
Nigeria's Department of Petroleum Resources (DPR) has revoked four Oil Mining Licenses (OML) belonging to Addax Petroleum due to the non-development of the assets by the petroleum company.
Zenith Energy announced its wholly owned subsidiary Zenith Netherlands, signed an extension agreement in respect of the conditional sale and purchase agreement (SPA) it signed with KUFPEC Tunisia.
The American Petroleum Institute (API) and the African Energy Chamber (AEC), signed a Memorandum of Understanding (MoU) to collaborate on capacity building initiatives and standardization to enhance safety, environmental protection and sustainability.
The World Bank approved a $500 million International Development Association (IDA) credit to support Ethiopia’s goal of achieving universal electricity access by 2025.
Eni has made a new light oil discovery in Block 15/06, in Angola’s deep offshore. The well has been drilled on the Cuica exploration prospect located inside the Cabaça Development Area.
Qatar Petroleum entered into an agreement with Shell to become a partner in two exploration blocks offshore the Republic of Namibia.
Tullow Oil announced the start of a multi-year, multi-well drilling campaign offshore Ghana with the commencement of drilling of the first well at the Jubilee Field yesterday.
PetroNor, the independent oil and gas exploration and production company with a focus on production, development and exploration assets across sub-Saharan Africa, announced it has been unable to reach a satisfactory solution with Senegal.
United Oil and Gas, the growing oil and gas company with a portfolio of production, development, exploration and appraisal assets, announced discovery at ASD-1X exploration well in the Abu Sennan concession, onshore Egypt.
The Kigali Amendment to the Montreal Protocol was signed in Kigali in 2016 where signatories successfully penned the historic agreement that sought to avoid up to 0.5°C of global warming by the end of the century.
The Founder & CEO of Insolation Solaire Inc., a Canadian solar energy startup, signed a Public Private Partnership with the DRC to deploy its novel solar optical module technology called “Oriens Duo”.
Tullow Oil announced that the sale of its assets in Equatorial Guinea to Panoro Energy ASA (Panoro) has now completed, after receiving a payment of $88.8 million from Panoro.
Eskom announced that Unit 3 of the Kusile Power Station has achieved commercial operation status, bringing to three the number of generation units that have achieved commercial status at the project.
The Government of the Republic of Cameroon has notified Tower Resources Cameroon SA (TRCSA), that the President of the Republic has approved a further extension of the First Exploration Period of the Thali license.
Botswana's Department of Environmental Affairs (DEA) has approved the EIS for Tlou's Boomslang project. The Boomslang Prospecting Licence PL011/2019 is located adjacent to the Company's Lesedi power project.
The project will improve supply and enhance reliability of power across Sudan. Today, only around 60 percent of the population in Sudan has access to electricity.
Pharos Energy receives provisional approval for amendment of fiscal terms of El Fayum Concession in Egypt
Pharos Energy has received provisional approval from the Egyptian General Petroleum Corporation's (EGPC) Main Board to an amendment of the fiscal terms of its El Fayum Concession, now subject to the approval of the Egyptian Government.
Invictus Energy announced that following approval from President E.D. Mnangagwa, the Petroleum Exploration Development and Production Agreement (PEPDA) between Invictus and the Republic of Zimbabwe has been executed.
Africa’s oil and gas industry is facing extraordinary circumstances. An ongoing energy transition and new efforts to decarbonize the world are weighing on oil demand. The shale revolution is exacerbating these pressures.
Shelf Drilling announced it has secured a two-year contract extension for the Trident 16 jack-up rig in direct continuation of its current term with Belayim Petroleum Company (Petrobel) for operations in the Gulf of Suez offshore Egypt.
Helium One appoints Mitchell Drilling as contractor for its three well exploration programme in Tanzania
Helium One has agreed contract terms with Mitchell Drilling for completion of a three hole exploration programme at its 100% owned Rukwa project in Tanzania.
Karpowership SA (KPSA) has been announced by the Department of Mineral Resources and Energy (DMRE), as a Preferred Bidder for projects in the Ports of Coega, Saldanha and Richards Bay, to provide power to South Africa’s national electricity grid.
Zenith Energy announced that Zenith Energy Africa has now completed the acquisition of a 100 percent interest in the fully owned subsidiary of Candax Energy in Barbados, which holds a 45% interest in the Tunisian onshore Ezzaouia Concession.
[Madagascar] Jirogasy launches fundraising to finance its solar computer and expansion in East Africa
After a year marked by the launch of its solar computer Jirodesk II, the Malagasy company joins the Seedstar and Shell Foundation's acceleration program.
Itron, Inc. which is innovating the way utilities and cities manage energy and water, has announced that it has extended the Itron Engage Sales Channel Partner Program to Europe, Middle East and Africa (EMEA).
TransGlobe Energy announces successful recompletion of SGZ-6X well in South Ghazalat concession, Egypt
TransGlobe Energy announced that the recompletion of Western Desert, South Ghazalat (SGZ-6X well), to the deeper, more prospective lower Bahariya reservoir, has been successfully concluded.
The construction at the Blitta solar power station will improve the quality of power supply at the national level, but particularly in the central part of the country, where supply is currently limited for the industries based there.
Chariot, the Africa focused transitional energy company, signed share purchase agreements for the acquisition of the business of Africa Energy Management Platform for consideration of up to $2 million payable primarily in Chariot Ordinary Shares.
Invictus Energy has received firm commitments from new and existing institutional and sophisticated investors to raise A$8.0 million (before costs) by way of a share placement.
63 infrastructure projects developed in SADC region under Programme for Infrastructure Development in Africa plan
A total of 63 regional infrastructure projects have been developed in the Southern African Development Community (SADC) region.
The African Enterprise Challenge Fund (AECF) launched a $1.2 million Innovation Fund to unlock the potential of renewable energy to create new business opportunities.
Berlin-based off-grid solar firm SolarWorX has raised a seven-digit series A funding round from Canadian Solar Inc. to expand its product portfolio and sales activities.
Netcare, operator of hospitals and healthcare services in South Africa and Lesotho, launched Africa’s first sustainability-linked bond, in partnership with Standard Bank.
[Column] Jamie Collard: Why explorers are not targeting more gas in response to the energy transition
There has been much talk about natural gas as a transition fuel, primarily in helping to lower emissions and pollution by displacing coal in power generation, but also in complementing intermittent renewables, and targeting the (blue) hydrogen economy.
Renewables spending set for new record in 2021, luring service suppliers as oil and gas gap narrows, Rystad Energy
Capital expenditure for renewable energy projects is set for a new record in 2021, a Rystad Energy analysis shows, forecast to reach $243 billion, and narrowing the gap with oil and gas spending, which is projected to be relatively flat this year at $311 billion.
Businesses and entrepreneurs in Burkina Faso, Ethiopia, Kenya, Liberia, Mali, Mozambique, and Zimbabwe can apply for funding.
The Eastern and Southern African Trade and Development Bank (TDB) and Asoko Insight announced the launch of the TDB Renewable Energy DealRoom, to accelerate the financing of renewable energy projects in the region served by TDB.
Tlou Energy, the company focused on generating cleaner power in Botswana and southern Africa using gas and solar power, announced its intention to undertake an equity placement of £2.6 million.
In relation to the Nigeria-OPL 245 trial, Eni has welcomed the judgment of full acquittal of all charges, since there was no case, by the Court of Milan.
KARMOL, a joint venture between Karpowership and Mitsui OSK Lines, said its first floating storage regasification unit (FSRU) is set to begin sea trials off Singapore, ahead of its deployment to Senegal.
Zenith Energy announced that its wholly owned subsidiary Zenith Netherlands has signed an extension agreement in respect of the conditional sale and purchase agreement (SPA), for the acquisition of SLK from CNPC in Tunisia.
IFC, The SANAD Fund for MSMEs (SANAD), the Belgian Investment Company for Developing Countries (BIO), and Symbiotics announced a loan to KCB Bank Kenya to help the bank increase lending for climate-friendly projects and to smaller businesses.
IFC and ALEXBANK, a Egyptian private bank, announced a partnership to help Egyptian farmers access financing to purchase solar irrigation systems, reducing their reliance on diesel-powered generators and boosting their productivity and incomes.
The African Development Bank (AfDB) has committed $530 million to finance the construction of a 343 km, 400 kV central-south transmission line that will connect the north and south transmission grids in Angola.
The OPEC Fund for International Development (the OPEC Fund) signed a $20 million public sector loan agreement with Rwanda to increase access to energy for people in the Muhanga, Kamonyi and Gakenke districts.
Liberia’s efforts to transform the lives of poor people have received a huge boost with financing approved by the World Bank.
The African Development Bank (AfDB), announced it issued a sanction decision against Mitsubishi Heavy Industries (MHI), for sanctionable practice.
Sercel, designer and manufacturer of high-tech solutions for subsurface exploration, announced that its high-performance equipment is currently being deployed on another 3D mega-crew survey, this time by a major North African geophysical company.
Zenith Energy, announced that Zenith Energy Africa has entered into a share purchase agreement with Candax Energy for the acquisition of a 100% interest in Candax's fully owned subsidiary, which holds a 45% interest in the Ezzaouia Concession, Tunisia.
World Bank add funding to the regional Off-Grid electricity access project to promote solar products in Africa
The World Bank’s Board of Executive Directors approved a total of $22.5 million in additional financing in the form of grants from the International Development Association (IDA) and the Clean Technology Fund (CTF) to support the development of the market for stand-alone solar products in Western and Central Africa.
New transmission infrastructure in Kenya and connecting into Ethiopia, there are great opportunities for the geothermal sector in Kenya and the region.
Bboxx is announcing a new partnership with the United Nations Capital Development Fund (UNCDF), to scale access to LPG clean cooking services in the Democratic Republic of Congo (DRC).
Nexus Analytica and the RES4Africa Foundation signed a Memorandum of Understanding to strengthen their collaboration on the promotion of sustainable energy solutions in the South- and East-Mediterranean and the sub-Saharan African region.
RES4Africa and South Africa Photovoltaic Industry Association (SAPVIA) signed a Memorandum of Understanding to deepen their cooperation in the promotion and implementation of sustainable energy solutions.
The World Bank approved a total of $22.5 million in additional financing to the Regional Off-Grid Electricity Access Project (ROGEAP), to support the development of the market for stand-alone solar products in Western and Central Africa.
[Angola] Sonangol partners with Total and Greentech for the construction of the Quilemba Solar Power Station
Sonangol, through its Business Unit Gas and Renewable Energy, has signed the Head of Terms agreement with Total Eren and Greentech, referring to the construction project of the Central Energy Photovoltaics "Quilemba Solar".
Total and Microsoft announced an agrrement to collaborate as strategic partners to further digital transformation and support progress toward net zero emissions.
Saipem awarded by Libya National Oil Corporation a consulting services contract for Benghazi Oil Technical Center project
Saipem has been awarded a Consultancy Service Contract by Libya National Oil Corporation (NOC) for the development of the Benghazi Oil Technical Center (BOTC).
The South Africa-UK Partnering for Accelerated Climate Transitions (South Africa-UK PACT) programme announced that ten projects have been awarded a total of over £3 million.
Alfa Laval, a world player in heat transfer, centrifugal separation and fluid handling, has won an order to supply Alfa Laval OLMI air coolers to a refinery in Egypt.
Cairn Energy announces proposed acquisition of production, development and exploration interests onshore Egypt
Cairn, together with Cheiron, announced the proposed acquisition of a portfolio of upstream oil and gas production, development and exploration interests in the Western Desert, onshore Egypt.
The South African Department of Mineral Resources and Energy (DMRE), announced the merger of Central Energy Fund (CEF) subsidiaries iGas, PetroSA and the Strategic Fuel Fund (SFF).
Total acts in transparency on social and environmental stakes of the Lake Albert resources development project in Uganda and Tanzania
In accordance with its guiding principle of transparency in engaging with civil society, Total published the studies, independent third-party reviews and social and environmental action plans related to the Tilenga project in Uganda.
Azuri Technologies, a pioneer in pay-as-you-go solar home solutions for off-grid Africa, has announced its inaugural Inspiring Women's Awards to celebrate women's empowerment and influence in rural communities.
PETCO Kenya and World-Wide Fund Kenya (WWF) have signed a partnership agreement worth Sh6 million to boost environmental protection through the enhanced waste collection in the coastal region.