EU’s Landmark Proposal to Label Natural Gas as ‘Green’ Energy is Good for Africa & Energy Industry

Africa’s call for a just and inclusive energy transition has been answered through the European Union’s landmark proposal to label natural gas as a ‘green’ energy source. Historically, Africa has … Read More

Time for an African Funded Energy Bank to Finance Exploration & Development

By NJ Ayuk, Executive Chairman, African Energy Chamber For more than a year, the African Energy Chamber has been pushing back against steadily building pressure to halt new foreign investments … Read More

EGYPT: Dana Gas Receives Lowest Payment Since Commencing Cperations

Dana Gas has received a payment of $39 million from the Egyptian Government in December, reducing the Company’s receivables from the North African state below $30 million, to its lowest … Read More

FREE DOWNLOAD: UGANDA TILENGA PROJECT DEVELOPMENT STAGE & EAST AFRICA CRUDE OIL PIPELINE (EACOP) OUTLOOK 2021 – 2025

In December 2021 OilNews Africa announced that starting January 2022 it intends to open its shop to our viewers to access industry information that has been for sale in the … Read More

MOROCCO: Sound Energy Announces Phase 1 Development Loan Note Financing and LNG Sale & Purchase Agreement

Sound Energy, the energy transition company, is delighted to announce the entry of binding conditional agreements in respect of a US$18 million Phase 1 Tendrara LNG Development loan note financing … Read More

EGYPT: APA Corporation Announces Ratification of Modernized Production Sharing Contract

APA Corporation has announced the signing, by authority of Egyptian President H.E. Abdel Fattah El Sisi, of the previously announced agreement to modernize and consolidate the company’s current Production Sharing … Read More

ZIMBABWE: Invictus Raising $5.5m to Support the Development of the Cabora Bassa Project

Invictus Energy has announced a Placement of $3.5m and Share Purchase Plan (SPP) of up to $2m to raise a total aggregate amount of up to $5.5m (Capital Raising). Invictus … Read More