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Archive In Energy
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Business
Tullow, Africa Oil To Submit Oil Development Plans To Kenya.
British oil explorer, Tullow Oil and Canadian oil firm, Africa Oil Corporation plan to submit development procedures to the Kenyan government by late next year for the exploration of oil in the country’s northwest region.
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Strategies & Solutions
KenGen, Qatari Firm To Build 500MW Power Plant In Kenya.
Kenya Electricity Generating Company (KenGen) says it will collaborate with Qatari firm, Nebras Power Company to build a 500 megawatt gas power plant in Mombasa, the East African country’s second largest city, after an agreement...
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Strategies & Solutions
Assmang To Acquire 19.9% stake In Gabon Iron Ore.
African Rainbow Minerals (ARM), has signed a share subscription agreement to acquire 19.9 percent equity interest in Australia-based IronRidge Resources for £11.74 million ($19.8 million).
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Investors
Shell Nigeria’s Asset Sale May Take Up To A Year – CFO.
Shell’s divestment plan in Nigeria may take longer than expected, with an election in February likely to complicate the sales process and cause up to a year delay, Shell’s CFO has disclosed.
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Strategies & Solutions
BG Group Posts Weak Q1 Results.
British oil and gas firm, BG Group, which has operations in Egypt, on Thursday said it had posted first quarter profits that were lower than expectations.
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Business
Nigeria Becomes Biggest Importer Of Kerosene From US.
World’s eighth largest exporter of crude oil and Africa’s largest economy, Nigeria, is now the biggest importer of kerosene from the United States, a new data released by the Energy Information Administration (EIA), a division...
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Strategies & Solutions
Camac Takes Delivery Of Drillship In Nigeria.
New York (NYSE) and Johannesburg-listed energy firm, Camac Energy says a drillship, Energy Searcher, has reached Nigeria and will start drilling on the Oyo-8 well later this month.
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Strategies & Solutions
StanChart Brokers Financing Of Nigerian Power Project.
Azura Power Holdings Ltd., today announced it has signed major industry contracts and confirmation worth $750 million on the debt financing of its 450MW Azura-Edo Independent Power Project (“Azura-Edo IPP”) in Edo State, Nigeria, in...
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Strategies & Solutions
Actis To Sell ‘Significant’ Stake In Ugandan Power Distribution Firm.
Ugandan energy distribution company Umeme says its majority shareholder Actis is set to sell a significant part of its stake in the power firm.
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Strategies & Solutions
GE, USADF And USAID Launch Energy Challenge In 6 African Countries.
The United States African Development Foundation (USADF) and USAID have partnered with GE Africa to launch the Power Africa Off-Grid Energy Challenge as a way of supporting off-grid energy solutions.