Heifer International to partner with Mastercard to empower millions of smallholder farmers in Africa
Heifer International and Mastercard have announced an agreement to connect millions of smallholder farmers in Sub-Saharan Africa to Mastercard's Community Pass – a digital platform that makes it safer and easier for farmers to get paid more and faster for their produce.
Energy services provider Expro, announced a long-term Production Solutions contract with Eni Congo, a subsidiary of multinational energy company Eni, for a liquified natural gas (LNG) pre-treatment facility in Congo, Brazzaville.
Energy giant Sasol is revealing its new strategic partners for its convenience centres at the Sasol Circle Centre in Centurion.
Sasol the South African Company partnered with Algerian, Sonatrach for the production of hydrogen and low carbon syngas in Italy.
Quatre ans après son entrée au capital de Petro Ivoire, le gestionnaire de fonds mezzanine Vantage s’en va, cédant ses actions dans cette entreprise qui aura été son tout premier investissement en Afrique francophone.
According to the agreement, Afentra will assume a four percent interest in each of the respective blocks, working in partnership with national oil company Sonangol to maximize output and extend the lifespan of the assets.
Other Laboratories at the complex include Research, Development & Incubation, Crude Assay, PVT Laboratories, Well Intervention Workshop, Reservoir Office and a Library.
Eni announced a significant new gas discovery at the Nargis-1 exploration well located in Nargis Offshore Area Concession, in the Eastern Mediterranean Sea, offshore Egypt.
Yinson Production (YP) announced it has successfully completed the 16-year contract for FPSO Adoon, which has been operating at Block OML 123 offshore Nigeria.
Wintershall Dea has found gas in its East Damanhour exploration block in the onshore Nile Delta, Egypt
Despite all the setbacks plaguing economies the world over, Nigeria’s GDP for 2022 is projected to be north of $500billion, the largest in Africa. All eyes are now turned to what these next 12 months could bring Africa’s largest economy.
The Opec Fund for International Development (OFID) has approved loans totaling $500 million for several countries around the world, including a large part in Africa to develop renewable energy, provide access to water and improve food security in the face of external constraints.
Following an agreement forged during the Namibian International Energy Conference in 2022, a youth training initiative launched by Namibia and Equatorial Guinea has set the tone for an ambitious local content drive that will position Namibia as a competitive hydrocarbon producer.
PGS announced it will support the recently announced Nigeria 2022 Mini Bid Round with an excellent range of 3D coverage over the seven blocks on offer.
Dolphin Drilling announced that Blackford Dolphin has signed a Letter of Award (LOA) for additional work in Nigeria in direct continuation with the previously announced contract with General Hydrocarbon Limited (GHL).
Shelf Drilling announced it has secured a one-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.
[EIB]:Une nouvelle étude confirme l’extraordinaire potentiel de l’Afrique dans le domaine de l’hydrogène vert
La Banque européenne d’investissement, l’Alliance solaire internationale et l’Union africaine dévoilent une étude sur le potentiel de l’Afrique en matière d’hydrogène vert, avec le soutien de l’État mauritanien, d’HyDeal et de CGLU Afrique
Preliminary activities have already started, with long lead items ordered and steel cut of cryogenic tanks occurred on December 20th.
Exploring new opportunities for financing energy projects in Africa, the African Energy Chamber will host a special New Year reception at the Waldorf Hilton in London, which will support European investment opportunities across the continent and drive economic growth and socioeconomic development.
Eni a annoncé le lancement d'une deuxième installation flottante de gaz naturel liquéfié au large de la République du Congo, dans le but d'accroître la production et les exportations de GNL du pays.
This Ukraine crisis escalated on 24 February 2022 and has tremendously impacted the global socio-economic terrain. The situation has and will continue to affect the African continent's financial system and food and energy security.
The Italian Agency for Development Cooperation (AICS), the Embassy of Italy in Nairobi and Eni have launched SEMAKENYA II programme to test climate-resilient agronomic practices and technologies in Makueni County.
Tlou Energy announced it has received firm commitments to raise ~£1.695 million before expenses pursuant to a placing of 87,796,135 new ordinary shares of no par value ("Ordinary Shares") at an issue price of ~£0.02 per share.
Eco Atlantic confirms it has now received the requisite regulatory approvals from the Department of Mineral Resources and Energy of South Africa and the Petroleum Agency of South Africa, in respect of acquisition by its wholly owned subsidiary Azinam.
At the U.S.-Africa Business Forum, U.S. International Development Finance Corporation (DFC) announced active commitments across Africa totaling more than $11 billion. This includes $369 million of new active commitments announced as part of the U.S.-Africa Leaders Summit.
Tullow signe un contrat de partage de production pour une nouvelle licence d'exploration offshore en Côte d'Ivoire
Tullow Oil plc (Tullow) a annoncé la signature d'un contrat de partage de production (CPP) pour le permis d'exploration offshore CI-803 en Côte d'Ivoire.
Africa’s oil and gas industry is going to breathe new life into many African economies and will create new opportunities for every many Africans in 2023.
L'acquisition par Savannah de la participation d'ExxonMobil dans les champs de Doba et le pipeline TOTCO a été menée en pleine conformité avec les exigences des autorités compétentes.
Afin de renforcer ses projets de développement, PETRO IVOIRE SA lance un emprunt obligataire d’un montant de 30 milliards de FCFA par appel public à l’épargne dénommé APE PISA 2022 – 2029.
EPPM à Tunis et Kivu Power à Kinshasa ont atteint la phase finale de la sécurisation de l’ensemble des autorisations administratives permettant le démarrage en 2023 du chantier de leur projet de conversion du gaz méthane en électricité sur le lac Kivu.
African Business Roundtable, Nigeria organisent un forum qui permet de récolter plus de $2 milliards d'investissements au Nigeria.
L'African Business Roundtable, en partenariat avec le gouvernement fédéral du Nigeria, a accueilli le Nigeria International Partnership Forum à New York, en marge de l'Assemblée générale des Nations unies.
African Business Roundtable, Nigerian Government host forum that rakes in over $2b investments into Nigeria
The African Business Roundtable in partnership with the Federal Government of Nigeria hosted the Nigeria International Partnership Forum in New York, in the sidelines of the United Nations General Assembly.
We expect to see Algeria, Egypt, and Nigeria leading African gas and LNG flows to Europe. This seems like a natural progression.
EBID grants €10m loan facility to ECO Oil to enhance distribution of petroleum products to Burkina Faso and Niger
The ECOWAS Bank for Investment and Development (EBID), signed a €10 million loan agreement with ECO Oil of Burkina Faso, to enhance the distribution of petroleum products to Burkina Faso and Niger, by ECO Oil’s sister companies.
[Nigeria Business Week] Andrea Ayemoba: Local fintech spreads to East Africa, oil and gas find major milestone
Nigeria, like other countries of the world, is going through some economically turbulent times. Inflation is on the rise (recently pegged at 21.9%) and local startups are directly impacted by financial crises on the other side of the world.
The African Energy Chamber (AEC) has announced that African Energy Week (AEW), Africa’s premier event for oil and gas sector, will return in 2023 from October 16 – 20 to drive Africa’s energy sector growth and make energy poverty history across the continent by 2030.
This modernization increased the turbine’s output by 5.1 Megawatts (MW), more than doubling the previously expected power output increase of 2.5 MW - and effectively bringing the cumulative power increase on all three turbines to over 10 MW.
UTM Offshore to sign an agreement for the Front-End Engineering Design (FEED) for Nigeria's first Floating Liquefied Natural Gas (FLNG) facility with engineering firms KBR, JGC Corporation and Technip Energies.
The African Petroleum Producers Organization (APPO) has reappointed Dr. Omar Farouk Ibrahim as its Secretary General during the APPO Ministerial Council Session held in Luanda, Zambia, a move that will usher in a new era of growth across the continent's hydrocarbon industry.
Tlou Energy announced it has raised $1.3 million via placement, for the development of its Lesedi Power Project including construction of substations to connect to the existing electricity grid in Botswana.
La société publique en charge des hydrocarbures en Algérie, Sonatrach a paraphé un protocole d’accord avec la holding Sociétés des Pétroles du Sénégal (Petrosen SA) pour explorer les perspectives d’une collaboration conjointe dans le secteur pétrogazier.
The newly commissioned terminal which will focus on efficient petroleum products distribution is valued at over $1billion and was financed by a consortium of Nigerian banks led by Fidelity Bank Plc.
Afreximbank signs MoU with the African Energy Chamber to promote the growth of Africa’s energy sector
The MoU provides a framework for collaboration to facilitate the harmonisation of the two institutions’ mutual efforts in support of the African energy sector.
Africa Energy Week 2022 ends on a progressive note with a partnership between Nigerian Energy Accelerator, Moneda Invest Africa and National Oil Company of Namibia [Namcor] on local content development and energy financing.
ACWA Power and Industrial Development Corporation of South Africa set to explore green hydrogen projects
The agreement signed during the state visit of the President of South Africa to Saudi Arabia intends to accelerate the green hydrogen economy in South Africa and paves the way to project(s) potentially valued at US$10 billion
Africa Fortesa Corporation Executive Chairman Rogers Beall won lifetime achievement award at AEW2022
Rogers Beall, Executive Chairman at Africa Fortesa Corporation, represented one of the winners of the Mohammed S. Barkindo Lifetime Achievement Award at the African Energy Week Awards this year in Cape Town
Afreximbank Signs US$635-Million Reserve-Based Facility Term Sheet with Amni International Petroleum Development Company Ltd.
PGS has been awarded a 3D exploration acquisition contract in Namibia by a major energy company. Ramform Titan will mobilize for this survey and acquisition is expected to complete mid-February 2023.
The African Energy Chamber (AEC), as the voice of the African energy sector, and the African Export-Import Bank (Afreximbank) have signed a Memorandum of Understanding (MoU) to enhance private sector investments across Africa’s oil and gas industry.
The NCDMB boss emphasised that quantity surveying is a frontier whose value propositions have to be identified and utilised to deepen Nigerian Content.
Data Mynt Partners with Yellow Card Financial to Enable Cash Payouts for Merchants and Platforms Across Africa
Data Mynt, the leading digital asset checkout and payment infrastructure provider for merchants and platforms, has announced a strategic partnership with Yellow Card Financial to expand their services to the African continent initially in Ghana, Kenya, Nigeria, and South Africa.
SNPC et Xcalibur signent un contrat pour une étude géophysique du bassin Intérieur de la Cuvette / phase II
La Société Nationale des Pétroles du Congo (SNPC) et la société Xcalibur Multiphysics ont signé un contrat de collecte de données géophysiques afin de mieux comprendre la géologie du sous-sol du Bassin Intérieur de la Cuvette Congolaise.
The vegetable oil is produced in the Makueni agri-hub, the pressing plant opened by the company in July 2022 and that actually processes castor, croton and cotton seeds.
Eco Atlantic, the oil and gas exploration company focused on the offshore Atlantic Margins, announced the arrival of the Island Innovator Semi-Submersible Drilling Rig on Block 2B and the commencement of operations of the Gazania-1 Exploration Well.
Sintana's Trago Energy completes transaction with Chevron Namibia in respect to its interests in PEL 90
Sintana Energy announced that Trago Energy, a Namibian affiliate of the Company, has completed a transaction with Chevron Namibia, in respect of its interest in Petroleum Exploration License 90 (PEL 90) located in the Orange Basin in Namibia.
This was the message from several delegates to the VIP and Ministerial Symposium of this year’s Africa Oil Week conference running from 3 to 7 October, at the CTICC.While there is consensus on the need for low-carbon energy, the new energy mix must also support Africa’s social development and the upliftment of its people.
OVH Energy BV, a joint venture between Vitol and Helios, has completed the sale of its 100% share in OVH Energy Marketing Limited and ASPM Limited to Nueoil Energy Limited, a local Nigerian company.
Président de la République du Congo, Denis Sassou Nguesso, a rencontré à Brazzaville,PDG d'Eni, Claudio Descalzi, pour discuter des principales activités de la société dans le pays, ainsi que d'autres initiatives innovantes, conformément à l'engagement de la société pour une transition énergétique juste.
Cameroon is partnering with the Africa Finance Corporation to create infrastructure that will help transform the economy into a manufacturing hub from mostly raw mineral exports now, driving job creation, skills transfer and higher export revenue.
Merger and acquisition (M&A) deals across Africa’s oil and gas upstream sector in 2022 have reached a new record with $21 billion worth of deals having being announced in the past nine months, following a decline since the onset of the COVID-19 pandemic in 2020, according to a new study released by market intelligence company, Rystad Energy.
PGS has secured solid industry pre-funding for a MultiClient survey in West Africa. The Ramform Atlas is scheduled to mobilize for the survey late October and acquisition is expected to complete early January.
Natural Gas Liquids (NGLs) are those hydrocarbons in natural gas that are separated from the gas as liquids through various processes and the products thus obtained are majorly ethane, propane, butanes, pentane and pentane plus.
Invictus Energy announced that drilling of its 80% owned and operated Cabora Bassa project in Zimbabwe at the Mukuyu-1 exploration well in SG 4571 has commenced.
A gas pipeline megaproject Memorandum of Understanding (Mou) has been signed between ECOWAS, Nigeria and the Kingdom of Morocco.
ReconAfrica has entered into a definitive purchase and sale agreement with its partner, NAMCOR, to acquire half of NAMCOR’s 10% carried participating interest in the approximate 6.3 million acres petroleum exploration licence in the Kavango basin, Namibia.
Decklar and its co-venturer Millenium, announced that the 7,800 barrels of crude oil (bbls) previously delivered to the Umugini Pipeline Infrastructure crude handling facilities has now been delivered to the Forcados crude oil export terminal.
The agreement is set to reinforce European energy security and assist with the sustainable development of West African countries.
The three-day AfriCaribbean Trade and Investment Forum 2022 (ACTIF2022) hosted in Bridgetown, Barbados, ended on a high note with the signing of a total of 14 agreements and memorandums of understanding (MoUs) aimed at deepening economic ties between Africa and the Caribbean.
Pancontinental Energy’s 66.67% subsidiary, Pancontinental Namibia (Pancontinental), has decided to withdraw from the process of seeking an extension to the original PEL 37 Licence offshore Namibia.
Representing the official partner of AEW 2022,delegation from Afreximbank led by the organization’s Chairman and President, Prof. Benedict Oramah, will be coming to AEW 2022 to lead discussions, sign oil and gas deals, and reshape the narrative on Africa’s energy future.
Le président de la Côte d'Ivoire, Alassane Ouattara, a rencontré à Abidjan le PDG d'Eni, Claudio Descalzi, pour discuter de l'avancement des activités de la société dans le pays, des projets futurs et des domaines d'intérêt commun et de collaboration.
The Nigerian Content Development and Monitoring Board (NCDMB) and the Nigeria Liquified Natural Gas Limited will set up a tactical team comprising nominees from both organizations to drive closer collaboration on projects, ensure compliance with Nigerian Content obligations and promote other strategic alliances for the good of the nation’s economy.
RUBiS Energy Rwanda has launched UltraTec advanced fuel technology, an additivized fuel that contains high-performance additives that increase power and fuel economy at no extra cost.
When Nigeria’s Petroleum Industry Act (PIA) was signed into law in August 2021, I spoke about the positive changes the law would be driving in terms of increased transparency and energy sector productivity.
Invictus Energy announced a private placement to raise $25 million at $0.23 per share following the Company’s decision to sole fund the initial drilling campaign in Zimbabwe’s Cabora Bassa Basin.
Experienced impact investment professional Caroline Mulwa promoted to Regional Director Africa - Oikocredit
The main issues addressed were the production of natural gas and LNG export, areas in which Egypt has acquired a central role in the Mediterranean since Eni’s discovery of Zohr. The company is committed to supporting gas production increase.
La multinationale française ENGIE cherche à conclure un accord avec l'Algérie en vertu duquel le pays d'Afrique du Nord devrait augmenter ses exportations de gaz naturel vers la France.
A delegation led by Hon. Minister Tom Alweendo is currently in Equatorial Guinea, meeting with high-level industry executives and touring the country’s liquefied natural gas facilities.
The National Petroleum Corporation of Namibia will attend AEW 2022 as a platinum sponsor, shaping discussions around making energy poverty history on the back of oil, gas and green hydrogen.
The NOC Chairman, Farhat Omar Bengdara, along with a delegation of NOC’s senior executives, met Eni’s CEO Claudio Descalzi, to discuss Eni's activity in the country and strategic projects.
SONATRACH annonce la réalisation d’un résultat positif du forage HASSI ILLATOU EST-1 (LTE-1) réalisé dans la concession Sbâa (wilaya d’Adrar).
Sasol delivered a strong set of financial results against the backdrop of increased volatility resulting from ongoing geopolitical tensions, extended COVID-19 lockdowns and global supply chain disruptions.
Vice-ministre russe de l’énergie discute du marché du pétrole et du gaz avec la Chambre Africaine de l’énergie
La Chambre africaine de l’énergie a rencontré Pavel Sorokin, premier vice-ministre de l’énergie de la Fédération de Russie, pour discuter de la collaboration énergétique Russie-Afrique et de l’éradication de la pauvreté énergétique en Afrique d’ici 2030.
Russian Deputy Energy Minister Discusses Oil and Gas Market and Energy Transition with African Energy Chamber
The African Energy Chamber met with Pavel Sorokin, First Deputy Minister of Energy of the Russian Federation, to discuss Russia-Africa energy collaboration and making energy poverty history in Africa by 2030.
UTM Offshore Limited (UTM) signs MoU to raise $2 billion for the floating liquefied natural gas plant
UTM Group of Companies signed the MoU for the development of the first Floating LNG production plant with Afreximbank, raised an initial sum of $2 billion for the first phase, with a commitment for $3 billion in the second phase.
This year’s edition of AEW 2022 will feature an Invest in Namibia side event, a forum dedicated to emerging investment opportunities across the Namibian energy landscape.
EG LNG, the operator of Equatorial Guinea’s Liquefied Natural Gas processing facility, has confirmed its silver sponsorship for the African Energy Week 2022 conference and exhibition in Cape Town this coming October.
Rapport de suivi de la situation économique en Algérie, le segment hors-hydrocarbures de l’économie devrait retrouver son niveau prépandémie en 2022, et les soldes extérieurs et budgétaires devraient également afficher une nette amélioration cette année.
[Column] Phumzile Mlambo-Ngcuka: Energy partnerships in Africa must benefit women and children through localization
The upliftment of women and ensuring equality will contribute positively development and growth of countries. Diversified energy sources used together with rich energy reserves could act as a force multiplier for growth, economic upliftment, poverty reduction and improved health.
It is an exciting time for E&P projects in Africa, but in common with global developments they face a series of challenges that need to be addressed to deliver the anticipated results
The Nigerian government made an official announcement confirming the complete transformation of the Nigerian National Petroleum Corporation (NNPC) into NNPC Limited (NNPCL).
The recent passing into law of Nigeria’s Petroleum Industry Act (PIA), and the establishment of the Upstream Petroleum Regulatory Commission (NUPRC), marks the beginning of an exciting new era for the energy sector in Nigeria, West Africa and the continent at large.
Invictus Energy (Invictus) announced its 80% owned subsidiary Geo Associates, has executed agreement with Sovereign Wealth Fund of Zimbabwe (SWFZ) for assignment of exploration rights to Exclusive Prospecting Orders (EPOs) in Cabora Bassa Basin.
Savannah Energy announced that the Company's 80% indirectly owned subsidiary, Accugas, has entered into a new gas sales agreement (GSA) with Notore Chemical Industries (Notore).
Individuals and businesses join the African Business Roundtable for numerous reasons, and the organization’s objectives have been carefully designed to serve them.
SONATRACH a annoncé d' avoir réalisé trois découvertes, dont deux découvertes de gaz en effort propre et une découverte de pétrole en partenariat avec Eni.
[Column] NJ Ayuk: International energy companies in Angola, Nigeria illustrate importance of creating enabling environments
The joint venture between the Angolan businesses of UK oil major BP and Italian multinational Eni, finalized in early August, is big news in every sense.
A major milestone has been achieved in the delivery of Sonatrach’s Tinrhert Field Development Project in Algeria, with the safe introduction of the first hydrocarbons for the start-up of production.
Nigerian independent oil and gas company, Seplat Energy, has announced the commencement of commercial injection of crude oil through the 67km Amukpe-Escrabos Pipeline, linking two points in the Niger Delta.