Oil and gas

November 15, 2018


Air Products and Sonatrach announce industrial gases agreement in Algeria

Air Products, a global industrial gas company, and Sonatrach, the largest state-owned oil and gas company in Africa, have signed two gas production and delivery agreements.

Conducted through the companies' joint venture (JV), HELIOS, the deals have a combined value of US$100 million.

Through the deal, Sonatrach will recover helium from two existing LNG facilities (GL1Z"...

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November 13, 2018


Sonatrach seeks to lure foreign firms to help lift Algeria’s gas output

After persuading oil majors to help explore Algeria’s vast shale gas reserves, state energy firm Sonatrach has started reaching out to a different kind of partner: mystical Sufi preachers.

Sonatrach CEO Abdelmoumen Ould Kaddour and his colleagues have been courting Sunni Muslim Sufi masters from communities in areas near prospective southern gas fields to win over locals worried about possible disruption from exploration work. The state company"...

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November 12, 2018


Kenya targets green energy sufficiency by 2020

Kenya targets to attain 100 per cent transition to green energy by 2020 as it scales up investment in renewable energy to address the climate change challenge concretely, President Uhuru Kenyatta has said.

President Kenyatta pointed out that, in concrete terms, renewable energy makes up 70 per cent of Kenya’s installed electric power capacity.

The President said"...

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November 12, 2018


SEforALL Moves to Develop Africa’s Energy Sector as Global Group Launches ‘Energizing Finance’ Report in Senegal

Sustainable Energy for All (SEforALL), an international organization working with leaders in government, the private sector and civil society to drive further, faster action toward achievement of Sustainable Development Goal 7 (SDG7), will this week launch a report that aims to revolutionize Africa’s energy industry.

SDG7 is a United Nations (UN) initiative that calls for universal access to sustainable energy by 2030, and the Paris Climate"...

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November 8, 2018


Ghana: state-run oil marketing firm gets clearance to partner with ExxonMobil

State-owned Ghana Oil Marketing Company (GOIL) has been given permission as the minority partner for the Exxon Mobil deep water offshore oil field activities in Ghana.

The approval will enable ExxonMobil to fast track activities that will lead to exploration and production since the search for a local partner had already delayed the project.

ExxonMobil’s investment"...

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November 7, 2018


Greenlight Planet and Zonful Energy install 10,000 pay-as-you-go sun solar home systems

Greenlight Planet, a provider of solar home energy products and its partner, Zonful Energy a pay as you go (PAYG) company in Zimbabwe have set an impressive record of distributing 10,000 Sun King™ solar home systems in a short span of four months.

Zonful Energy, in partnership with Greenlight Planet, distributes and finances solar home lighting solutions including the Sun King™ Home 60 & Sun King™ Home 120 Plus for households"...

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November 5, 2018


NEoT invests in Saboni Gari Energy microutility project

RensourceEnergy, a Lagos-based distributed energy services company has announced an investment of an undisclosed amount in its first microutility project Sabon Gari Energy by Paris-based NEoT Offgrid Africa.

NEoT Offgrid Africa, which is managed by NEoT Capital, is a platform investing in distributed renewable energy projects in Africa and is backed by infrastructure development giant, Meridiam, and France's electric utility, Electricite de"...

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November 5, 2018


Abu Dhabi National Oil Company Announces $132 Billion CAPEX Program, Integrated Gas Strategy and an Increase in Oil Production

The Abu Dhabi National Oil Company’s (ADNOC) announced, today, its plans to launch a new integrated gas strategy and increase its oil production capacity to 4 million barrels per day (mmbpd) by the end of 2020 and 5mmbpd by 2030, following approval from the Supreme Petroleum Council (SPC), the highest governing body of the oil and gas industry in Abu Dhabi. The company also announced capital investment growth of $132.33 billion between 2019-2023 and new discoveries of 1 billion barrels"...

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November 2, 2018


Fluor Joint Venture Achieves First Steam on Clean Fuels Megaproject in Kuwait

(AETOS Wire)-- Fluor Corporation (NYSE: FLR) announced today that its joint venture team, FDH JV, has successfully generated first steam into Kuwait National Petroleum Company’s (KNPC) Clean Fuels Project in Kuwait. “This significant milestone marks the completion and turnover of the first utility units by the Fluor-led joint venture and KNPC is advancing these units into operation with our ongoing support,” said Al Collins, president of Fluor’s Energy & Chemicals business in Europe, Africa and the Middle East. “The 12,000-plus craft workers at site have been backed by joint venture project team members across three continents, a global operation for a mega-sized project. Accomplishing this milestone shows we are set to deliver the remaining units in the project to support KNPC’s ambitious Clean Fuels Program.” This project is being executed on......

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November 1, 2018


Russia, UAE partner NNPC for oil, gas development

The Russian Federation and the United Arab Emirates have expressed their readiness to expand their scope of partnership with the Nigerian National Petroleum Corporation (NNPC) in the upstream, midstream, downstream and services sectors to further boost their various economies.

Speaking after a working visit to the Group Managing Director of the NNPC, Dr. Maikanti Baru, the Russian Federation Ambassador to Nigeria, His Excellency, Alexey Shebarshin,"...

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