SOUTH AFRICA: ENGIE acquires 100 MW Concentrated Solar Power plant
ENGIE has announced that it has reached an agreement to acquire from Abengoa a 40% equity stake in Xina Solar One, a 100 MW Concentrated Solar plant, as well as … Read More
Africa LNG Report Out Now: Mozambique at Forefront of Global Gas Development
Africa Oil & Power (AOP) has launched its Africa Energy Series: Africa LNG Special Report 2021, dedicated exclusively to Liquefied Natural Gas (LNG) developments and investment across the continent; driven by new discoveries … Read More
GABON: VAALCO Closes the Acquisition of Additional Interest in the Etame Field From Sasol
Key Highlights Nearly doubles VAALCO’s total net production and reserves; Expected to be immediately accretive to VAALCO, with minimal additional variable costs; Anticipated to materially increase free cash flow in 2021 … Read More
African Legal Support Facility receives £2.6 million from Norway & UK
The Norwegian government, through its Agency for Development Cooperation, provided 20 million Norwegian kroner (around £1.6 million) to support the 2021 and 2022 work programs of the ALSF. The governments … Read More
BOTSWANA: Tlou Energy Provides Update on Funding for Development of the Lesedi power project
Key points · Funding discussions have progressed with a key funding partner · 10MW tender consultations have commenced Tlou Energy has been working with a number of parties to secure funding for the … Read More
Africa Oil Announces 2020 Fourth Quarter Results
Highlights Africa Oil fourth quarter net income of $79.8 million and full-year net income of $198.0 million, excluding a $215.6 million non-cash impairment of Kenya exploration assets posted in the first quarter 2020. Strong quarterly profit contribution … Read More
NAMIBIA: ReconAfrica Commences Drilling Operations in the Kavango Sedimentary Basin
ReconAfrica has commenced drilling operations on the first well (6-2), of an initial three well program to evaluate potential hydrocarbon systems in one of five major sub-basins of the larger, … Read More
MOZAMBIQUE: UTEC wins survey work for the Coral-Sul FLNG project
UTEC, a global surveying company and part of marine energy and infrastructure services group Acteon, has been awarded survey work by TechnipFMC plc to support the development of Coral-Sul FLNG … Read More
UGANDA/ TANZANIA: East African Crude Oil Pipeline Construction to Commence in 3 Weeks
Construction of the World’s longest heated crude oil pipeline the East African Crude Oil Pipeline (EACOP) is set to begin in the second week of March according to Uganda’s Foreign … Read More
MOZAMBIQUE: Total Updates Business Opportunities for Local Companies
The Total-led Mozambique LNG project held last week an online seminar to update local companies on business opportunities for the year and share other information relevant to companies seeking to do business … Read More