Officials say that South Africa has a significant reworking of its long-term energy plan.
Officials said that a reworked long-term South Africa power plan would be soon presented to the cabinet. The plan is designed to put an end to the electricity blackouts which have plagued the country over the past decade. Only in January was the last plan released, which laid out scenarios for power supply up to 2050. The plan included a wide range of energy sources…
The front-runner for Mozambique president is likely to continue keeping Rwandans on the job of protecting gas sites
Analysts say that the ruling party candidate for this month's election, who is almost guaranteed to win, will continue to rely on Rwanda's army and European money in order to secure the region's vast gas fields, which are plagued by islamist violence. Daniel Chapo (47), an ex-highschool teacher, will be overseeing the construction…
South African private energy producers seek fair deal on output curbs
Industry executives claim that South African private energy producers want compensation for revenue lost due to Eskom's request to limit the electricity supplied to the national grid. Eskom has sent a proposal to South Africa's energy regulator for the introduction of a compensation mechanism to compensate Independent Power Producers (IPPs), who have lost revenue due to curtailment rates up to 10%.
Angola Seeks to Reduce Gas Flaring to Capture Revenue
Angola wants to cash in on the roughly 3 billion cubic feet per day of associated natural gas it produces, most of which is now flared, the petroleum minister said on Wednesday.The announcement of efforts to generate more revenues by reducing gas flaring comes as Africa's second largest crude producer faces a fall in output from its mature oil fields."Over the years…
South Africa: Has Up to 60 tcf of Offshore Gas Potential
South Africa, where oil major Total recently made a big offshore discovery, said on Friday it had potential gas resources of up to 60 trillion cubic feet in waters off its coast.Last week Total's chief executive said its offshore discovery probably contained 1 billion barrels of total resources, after successfully drilling its…
Total Plans Biggest Exploration Drive in Years
Total is launching its biggest exploration campaign for years in 2019 as part of a turnaround plan that is ditching the company's focus on risky long-shots in favor of areas known to contain commercial levels of oil or gas.The French major aims to drill 23 wells this year, its senior vice president for exploration, Kevin McLachlan…
BP to Invest $1 Bln in South Africa
BP Southern Africa (BPSA) will invest $1 billion in South Africa in the next five years with more than a quarter of that set aside to upgrade the SAPREF refinery to produce lower sulphur diesel, its chief executive said on Thursday.The 180,00 barrels per day SAPREF refinery, South Africa's largest, is a 50:50 venture between Royal Dutch Shell and BPSA, a subsidiary of British oil major BP.
Gabon Launches Offshore Exploration Round
Gabon plans to scrap a 35 percent corporate tax on energy companies as part of a revised hydrocarbons law and has launched a new offshore oil and gas exploration licensing round for 34 blocks, Oil Minister Pascal Ambouroue said on Wednesday.In March, Gabon, a member of the Organization of the Petroleum Exporting Countries, said it planned to revise its hydrocarbons code…
Republic of the Congo Launches Oil Exploration Licensing Round
The Republic of Congo has launched its latest oil exploration bidding round in Cape Town, offering 18 blocks in deep-water offshore and onshore sites in its efforts to boost production, the ministry of hydrocarbons said on Tuesday.Operators already in the country, which produces about 350,000 barrels per day (bpd), include oil…
NNPC Says Shell, ExxonMobil Also Looking at Crude Swaps
Nigeria's state oil firm NNPC could sign crude-for-product deals with Shell and ExxonMobil, similar to one signed with BP last week, a senior NNPC official said on Monday.Nigerian National Petroleum Corporation (NNPC) announced last Wednesday that it had signed such a deal with BP and would provide more details later."Unfortunately…
Equatorial Guinea May Strip Ophir of LNG Project Due to Finance Delays
Equatorial Guinea will force Ophir Energy out of the company's flagship liquefied natural gas (LNG) project and may scrap it entirely unless long-delayed financing deals worth $1.2 billion are presented to the government by December.The ultimatum is a blow to UK-listed Ophir, which has set aside $150 million of its own cash to develop west Africa's first deepwater LNG project, Fortuna, by 2022 despite its l
BP Expects Six-fold Net Production Growth in Egypt by 2020
BP expects to increase net production from Egypt's Nile Delta to increase six-fold to more than 300 million barrels of oil equivalent a day by 2020, from 50 mboed in 2016, its vice president for African exploration said on Tuesday. Jasper Peijs said the increase would be underpinned by three major projects, including Atoll phase 1 and the Zohr offshore field operated by ENI.
South Africa Committed to Nuclear Power Expansion
South Africa is committed to an "open, transparent" process to build new nuclear power plants and the government planned to go through with its plans for nuclear expansion, President Jacob Zuma told parliament on Thursday. South Africa is planning to build 9,600 megawatts (MW) of nuclear capacity, a project that could be one of the world's biggest nuclear contracts in decades.
Equatorial Guinea Eyes New FLNG Plants
Equatorial Guinea, which is developing Africa's first deep-water floating Liquefied Natural Gas (LNG) platform, sees scope for another two similar platforms by December, the petroleum minister said on Monday. The former Spanish colony is developing the multi-billion dollar Fortuna floating LNG project in partnership with Ophir…
Equatorial Guinea Inks Production Deal with ExxonMobil
Equatorial Guinea has signed a production-sharing contract for offshore block EG-11 with U.S. oil major ExxonMobil, the hydrocarbons ministry said on Monday. "Block EG-11 is the jewel among a group of already very prospective blocks that we are signing in 2017," said Gabriel Obiang Lima, the minister of mines and hydrocarbons in Sub-Saharan Africa's third largest producer.
South Africa Mulls First Shale Gas Exploration Licences
South Africa's government may award its first shale gas exploration licences by the end of September, after environmental objections delayed the process, a senior government official said on Monday. The five licence applications under review are for exploration in the semi-arid Karoo basin. Environmentalists criticised plans to work in the sparsely populated region…
Chevron Confirms Sale of Its South African Assets to Sinopec
Chevron Global Energy confirmed on Wednesday that it had signed a sales and purchase agreement with a wholly-owned subsidiary of China's Sinopec for Chevron's assets in South Africa and Botswana. Chevron said in a statement the deal hinged on regulatory approval. Sinopec said earlier on Wednesday it has agreed to pay almost $1…
Africa Could be Major LNG Importer by 2025 -Total
Africa could become a significant global market for imported liquefied natural gas (LNG) by 2025, with Egypt the main driver, as more countries eye gas-to-power projects, a senior official at Total said on Tuesday. With hundreds of millions of people living without electricity in the world's poorest continent, African countries…
Three-week South African Fuel Strike Ends
South Africa's petroleum industry and striking workers agreed to a new two-year wage deal on Wednesday, ending a three-week strike that caused limited supply disruptions, an official representing employers said. Around 15,000 striking workers affiliated to Chemical, Energy, Paper, Printing, Wood and Allied Workers union (CEPPWAWU)…
Equatorial Guinea Blames Schlumberger for Quitting LNG project
Equatorial Guinea's energy minister on Monday said U.S. But Gabriel Obiang Lima said he was confident the project would go ahead and be successful, with Equatorial Guinea taking an equity stake via its state-owned companies.
