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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.
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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Preliminary interpretation of the data from the Anchois-2 appraisal and exploration well has identified a calculated net gas pay totaling over 100m.
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.
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.
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.
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.
The 2022 programme notably includes $20 million for a 200 km2 3D seismic program over the Songo Songo development license.
The acquisition is part of ongoing consolidation in the Nigerian downstream market as oil marketers seek to achieve economies of scale to boost profitability.
While deliberations are still ongoing and have no certainty to conclude, such an acquisition would be transformational for Seplat.
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%).
President of Malawi, Dr. Lazarus Chakwera, officially inaugurated and commissioned the 60 MW Salima solar PV plant in Malawi’s Central Region.
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.
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.
The provisional award gives the three companies the opportunity to explore next to their existing producing infrastructure on the Dussafu and Etame permits.
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.
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.
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.
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.