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African Energy - Issue 369 - 17/05/2018

Equatorial Guinea woos neighbours with regional gas scheme

The Ministry of Mines and Hydrocarbons and GEPetrol signed an agreement on 9 May with Noble Energy to provide additional gas as backfill for Marathon’s liquefied natural gas (LNG) plant as the first phase of the government’s planned Gas Megahub project.

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African Energy - Issue 368 - 03/05/2018

Final investment decisions approach for Mozambique LNG schemes

A group led by Anadarko Petroleum Corporation is nearing a final investment decision (FID) on the Golfinho-Atum liquefied natural gas (LNG) scheme, with long-term offtake agreements and a potential financial close finally coming into view even though sale of the full 12.8m t/yr nameplate capacity from the first two liquefaction trains is unlikely to be finalised before the key move.

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African Energy - Issue 367 - 19/04/2018

Senegal Scaling Solar tariffs drop below €0.04/kWh

Senegal’s Commission de Régulation du Secteur de l’Electricité on 5 April announced the results of a tender to build two 60MW solar photovoltaic (PV) plants at Kahone and Touba. The tender was launched under the mandate of the World Bank Group (WBG)-backed Scaling Solar initiative.

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African Energy - Issue 366 - 05/04/2018

Morocco relaxes LNG import timetable following gas finds

Rabat has released little information about the impact of gas finds in eastern Morocco, in line with its cautious management of information on the hydrocarbons industry. But reserves in the Sound Energy-operated Tendrara gas field are now deemed sufficient for the government to stop taking gas through the Maghreb-Europe Gas Pipeline (GME) when its contract with Algeria expires in 2020-21. This means Morocco will not need to import liquefied natural gas (LNG) until much later in the next decade, when new combined-cycle gas turbine (CCGT) power plants are built, officials in Rabat have told African Energy.

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African Energy - Issue 365 - 15/03/2018

Nigerian gencos in crisis as World Bank adds to support for industry

Approval by the World Bank Group (WBG) of a $486m International Development Association (IDA) credit package for the Nigeria Electricity Transmission Access Project (Netap) signalled a continuation of the multi-billion dollar support structure put in place to reanimate the dysfunctional industry. But while the government can point to some advances, the outlook for the Nigerian electricity supply industry seems as precarious as it did eight years ago, when its elegantly structured privatisation was rolled out.

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African Energy - Issue 364 - 01/03/2018

Total back in favour in South Sudan

The government of South Sudan has decided to allocate shares in two oil blocks to Total, Tullow Oil and Kuwait Foreign Petroleum Exploration Company (Kufpec), petroleum minister Ezekiel Lol Gatkuoth told African Energy on 22 February. The government is also in talks with Spain’s Holdcorp over a contract for a third block, he said. The petroleum ministry is targeting an increase in crude production to 200,000 b/d by end-2018 and 300,000 b/d a year later, said Lol Gatkuoth, up from estimated Q1 2018 output of 120,000 b/d. The economy also stands to benefit from the planned conclusion in May of payments to Sudan for transit fee arrears.

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African Energy - Issue 363 - 15/02/2018

Ankara intervenes to block Egypt-Cyprus gas cooperation

Turkey has embarked on a ‘beggar thy neighbour’ policy in the eastern Mediterranean involving diplomatic and military pressure, as its long-term political and economic interests are threatened by quicker-than-expected advances towards the establishment of a regional gas hub centred on Egypt and involving Cyprus, Israel and possibly even Lebanon. Italy’s Eni, the leading exploration company in the region, is in the firing line.

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African Energy - Issue 362 - 01/02/2018

Political change rekindles optimism in South Africa’s energy sector

As demonstrated by its delayed financial results for H1 2017, Eskom has a long way to go before it is out of trouble. Liquid assets had fallen to R9bn ($757m) by the end of September, from R30bn the previous year, while the utility’s total debt was R360bn. Newly appointed chairman Jabu Mabuza said the debt-to-equity ratio of 72% was “unsustainable” and that Eskom needed to aim for closer to 50%.

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African Energy - Issue 361 - 18/01/2018

Angola’s new president clears out dos Santos clan, but how deep will change go?

Angola’s new president João Lourenço has sacked José Filomeno dos Santos as head of Angola’s sovereign wealth fund and set up a committee to manage the body. The sacking of José Filomeno, known as Zenú, the son of former president José Eduardo dos Santos, follows Lourenço’s removal on 15 November of Isabel dos Santos as head of the all-powerful national oil company Sonangol. Isabel’s sacking startled commentators who had thought Lourenço would keep everything much as president dos Santos had left it.

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African Energy - Issue 360 - 21/12/2017

Côte d’Ivoire on schedule to meet 4GW generation target by 2020

president ouattara’s approach to post-conflict recovery has focused on delivering infrastructure investments that raise funds from a wide variety of sources. the pace of project implementation suggests Côte d’ivoire could meet its target of reaching 4gW of installed capacity by 2020, adding to ouattara’s electoral appeal ahead of a still uncertain presidential poll, write Jon Marks and David Slater

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African Energy Gulf States Newsletter