Latest News
Tanzania and Burundi want to boost trade with a new railway link
January 17, 2022
AFC attracts fresh capital from Asia and the Middle East
January 18, 2022
Tanzania selects Turkish contractor to extend its standard gauge railway
December 28, 2021
Dakar gets brand new “TER”, France’s renowned train and coach service
December 27, 2021
NFE signs MoU with Mauritania for Fast LNG and gas-to-power project
December 23, 2021
Exploration
Eyes on the Prize: African exploration is back!
From Angola to Kenya, several key exploratory wells are currently being drilled across sub-Saharan Africa. New discoveries could open up brand new frontiers and transform the continent's energy landscape before 2030.
DR Congo
DP World and the DRC sign final agreement to develop Banana Port
In December, DP World and the Government of the Democratic Republic of the Congo (DRC) have signed the Collaboration Agreement for the development of the Banana deep-sea port.
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Exploration
Chariot announces significant gas discovery offshore Morocco
Preliminary interpretation of the data from the Anchois-2 appraisal and exploration well has identified a calculated net gas pay totaling over 100m.
M&A
Savannah Energy acquires ExxonMobil and PETRONAS’ assets in Chad and Cameroon
The British independent is entering Central African markets and has planned a key infill drilling programme to boost output from its nealy-acquired brownfield assets.
Angola
TotalEnergies start production at CLOV 2 tie-back offshore Angola
The French major has announced start of production at CLOV 2, a new tie-back expected to reach a peak of 40,000 barrels of oil equivalent per day (boepd) in mid-2022.
Angola
bp achieves first oil from subsea tieback project on Block 18
The project is developing an estimated 44 million barrels of oil reserves to add 30,000 barrels of oil per day to Block 18 production once it reaches its peak in 2022.
FLNG
UTM Offshore signs $2bn MoU with Afreximbank for Nigeria’s first FLNG project
The MoU was signed in Abuja by Julius Rone, Group Managing Director/CEO of UTM Offshore and Dr. Benedict Okey Oramah, President and Chairman of Afreximbank.
Tanzania
ORCA Energy submits $50m capex plan for Songo Songo development next year
The 2022 programme notably includes $20 million for a 200 km2 3D seismic program over the Songo Songo development license.
M&A
Ardova Plc completes acquisition of Enyo Retail & Supply Ltd in Nigeria
The acquisition is part of ongoing consolidation in the Nigerian downstream market as oil marketers seek to achieve economies of scale to boost profitability.
Earnings
Bet on Nigerian deep-offshore proves successful for Africa Oil Corp.
The company has become cash positive less than two years after securing exposure to Nigerian deepwater fields.
Niger Delta
What are the shallow water assets Seplat Energy is eyeing from ExxonMobil in Nigeria?
While deliberations are still ongoing and have no certainty to conclude, such an acquisition would be transformational for Seplat.
M&A
Vitol to acquire Vivo Energy’s remaining shares for $2.3bn
The total cash value of the deal is valued at $2.3bn. In December 2020, Vivo Energy’s key shareholders included Vitol (36.1%), Helios Investment Partners (27.23%) and Petronas Marketing International (3.93%).
Solar Power
Southeastern Africa’s biggest solar PV plant opens in Malawi
President of Malawi, Dr. Lazarus Chakwera, officially inaugurated and commissioned the 60 MW Salima solar PV plant in Malawi’s Central Region.
COP26
Western nations announce multi-billion dollar partnership to phase out South African coal
The United States, Britain, France, Germany and the European Union have committed $8.5bn (£6.2bn) to help end South Africa’s reliance on coal.
Infrastructure
InfraCo Africa and Helios are establishing a new $350m climate-focused investment vehicle for Africa
InfraCo Africa and Helios Investment Partners have announced that they are working together to establish a pan-African investment vehicle: Climate, Energy Access and Resilience (CLEAR). The initiative was revealed as part of a UK government event hosted in Glasgow on Finance Day of the UN’s COP26 Summit.
Exploration
BW Energy, VAALCO Energy and Panoro Energy secure two exploration blocks offshore Gabon
The provisional award gives the three companies the opportunity to explore next to their existing producing infrastructure on the Dussafu and Etame permits.
Renewable Energy
A.P. Moller Capital has acquired 44% of Cabeólica from the AFC
This is A.P. Moller Capital's second major deal within sub-Saharan Africa's power sector this year following its acquisition of Iberafrica from Naturgy in April.
Clean Cooking
Why Nigeria's LPG industry is an underrated investment opportunity
With double-digit demand growth and soaring prices, LPG is the commodity of the year in West Africa. Nigeria in particular is experiencing a significant expansion of its clean cooking industry, slowed down only by limited infrastructure availability.
Exploration
Good things come in threes: after Angola and Ghana, Eni strikes oil offshore Côte d'Ivoire
The opening of a new play concept in Côte d'Ivoire's sedimentary basin is very good news for a country where oil production has failed to meet expectations and has been dropping significantly in recent years.
US-Africa
The U.S. commits $550m to boost Senegal's electricity sector
After investing half a billion dollars into Senegal’s agriculture, the Millenium Challenge Corporation has committed another $550m into its electricity sector. Hawilti unpacks the U.S. Government's latest foreign aid programme.
