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Archive In Energy
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Strategies & Solutions
South Africa Partners Chinese Firm In Refinery Project.
The South African national oil company PetroSA is set to partner China’s Sinopec Group to speed up the building of its Coega refinery, Reuters reports.
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Strategies & Solutions
Kenya: KenGen Seeks Investors To Fund $686m LNG-powered Electricity Project.
Kenyan Electricity Generating Company, KenGen has revealed plans for a $686 million gas-fired power plant to run on imported liquefied natural gas (LNG). KenGen Managing Director Eddy Njoroge said on Friday that the company intends...
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Strategies & Solutions
Nigeria: FG Explores Powering Electricity With Coal.
Nigeria’s Minister of Mines and Steel Development, Musa Sada, has revealed plans to bolster the country’s electricity generation capacity with coal, a local business daily has reported.
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Strategies & Solutions
Anglo American Set To Open London, Singapore Hubs.
South African global miner Anglo American is opening a new commercial hub in Singapore on July 1 and also in London.
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Strategies & Solutions
Glencore Takes Over Mutanda Operations In $480m Deal.
The world largest commodity trading company Glencore has taken majority control of its fast-growing Mutanda copper operation in Congo with a $480 million deal, including debt, Reuters has reported The acquisition marks the first step...
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Business
South Africa: Sasol Launches Multi-Billion Rand Coal Shaft.
South African petrochemicals group, Sasol, the world’s top maker of motor fuel from coal and the country’s third-largest coal producer, has launched a new 3.5 billion rand ($423 million) shaft at its Twistdraai colliery, in...
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Strategies & Solutions
Nigeria To Renew Licenses Of Chevron, Shell By End Of Q2.
ts oil minister said on Tuesday. The move follows the renewal of Exxon Mobil’s license in February, which was worth trillions of dollars, Reuters has reported.
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Strategies & Solutions
Morocco Speeds Up Plans For $9bn Solar Energy Project.
Morocco plans to speed up tender processes for one of the world’s biggest renewable energy development plans, which is a 2,000-megawatt solar energy plan, starting with the award of a first contract for 160 megawatts...
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Strategies & Solutions
Mozambique: PTT Bids £1.9bn For Cove Energy, Outdoes Shell.
Thailand’s PTT Exploration has gained ground in the bid for Mozambique-focused explorer Cove Energy by offering £1.22 billion pounds ($3 billion), highlighting international interest in East African gas finds.
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Business
Nigeria: Oando Shares Slump To An 8-year Low.
Shares of leading integrated energy group Oando slumped to an 8-year low on Wednesday, after full year net profits at the energy firm declined 76 percent to N3.44 billion naira ($21.61 million) in 2011, knocking...