Oil and gas

March 18, 2019

1

41billion barrels of crude oil remain untapped in SSA region - NNPC chief

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has stated that more than 41billion barrels of crude oil and 319trillion cubic feet of gas are yet to be discovered in Sub-Saharan Africa.

The NNPC GMD stated that from available information, the African global crude oil and gas outlook remained positive and on the upward trajectory, saying the West Africa as the Sub-Region held the ace in terms"...

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March 18, 2019

2

Petrofac awarded $1bn EPC project in Algeria

Petrofac has been awarded a contract worth around US$1 billion with Groupment Isarene, the joint operating group set up by Sonatrach, Petroceltic and Enel, for the Ain Tsila Development Project in Algeria.

Located around 1,100 km southeast of Algiers, the Ain Tsila field will produce gas, LPG and Condensate, for the local Algerian market and for export. Under the terms of the 42-month contract, the lump-sum engineering, procurement and construction"...

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March 17, 2019

3

Angola Hopes New Strategy will Provide Incentives for Independent and International Investors Exploring Country’s Oil Blocs

Angola is banking on a new licensing strategy to provide sufficient incentives for independent and international investors exploring the country’s oil blocs. The country has been highlighting its new plans in a bid to attract investment in the oil industry at a time when production has been declining.

In February 2019, Angola released a new Presidential Decree detailing the country’s oil licensing strategy for the next six years.

"...

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March 16, 2019

4

Discussions underway between Indonesia’s Pertamina, Algeria’s Sonatrach to seal diverse partnerships

ORAN (Algeria)- Indonesia’s national energy company “Pertamina” plans to sign agreements on oil drilling with the group Sonatrach, especially in the Algerian territorial waters, the Indonesian firm’s Public Relations manager, Mehdi Makri, said Tuesday.

On the sidelines of the 9th edition of the international exhibition on the oil and gas industry in North Africa (NAPEC 2019), the same manager pointed out that the company"...

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March 14, 2019

5

Petrofac lands $1bn contract as Italian court upholds CEO fine

Petrofac's shares climbed on Wednesday after it was awarded a 42-month contract worth around $1bn for the Ain Tsila Development Project in Algeria

Under the terms of the contract with Groupment Isarene, the joint operating group set up by Sonatrach, Petroceltic and Enel, the FTSE 250 listed company will be involved in works including commissioning, start-up and performance testing.

E"...

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March 13, 2019

6

Winch Energy to electrify 24 villages in Sierra Leone through solar mini-grids-

Winch Energy has signed a contract with the Ministry of Energy in Sierra Leone to provide electricity to 24 towns and villages in northern Sierra Leone through solar mini-grids as part of a public-private partnership project.

The Rural Renewable Energy Project (RREP) is supported by UK aid grant funding and implemented by United Nations Office for Project Services (UNOPS).

The first 12 mini-grids have already been installed. Winch Energy"...

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March 13, 2019

7

Energy Minister inaugurates NAPEC 2019

ORAN- Minister of energy Mustapha Guitouni inaugurated Sunday, in Oran, the 9th North Africa Petroleum Exhibition and Conference (NAPEC 2019) to which took part 570 national and foreign exhibitors.

By visiting the various booths of the exhibition, the minister called big companies to bring together young academics for the realization of their ambitious projects.

“The"...

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March 11, 2019

8

Ghana records ‘little’ investment in upstream oil and gas sector

Data from Ghana’s Petroleum Commission shows a fall in foreign investment into the upstream oil and gas sector during the first nine months of last year.

The data suggests that Ghana’s sluggish economic growth rate in 2018 was caused, in part by a dramatic fall in foreign investment into the upstream oil and gas sector.

During the first nine months of last"...

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March 9, 2019

9

Rwanda government secures $20 million from BADEA to increase electricity supply in two districts

The Government of Rwanda and The Arab Bank for Economic Development in Africa (BADEA) have signed a concessional loan agreement worth 20 million (Approximately Frw 19 Billion) to finance rural electrification project in Nyamagabe and Nyaruguru Districts.

The project envisages supply and construction of distribution networks and meters and service cables to connect houses, commercial and public centers in Nyaruguru and Nyamagabe Districts.

...

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March 7, 2019

10

Algeria-Turkey partnership: Pipe production plant project launched in Relizane

RELIZANE-Minister of Water Resources, Hocine Necib on Tuesday laid the first stone of a pipe production plant in the industrial zone of Sidi Khettab (province of Relizane) under an Algerian-Turkish partnership.

Hocine Necib said the project is part of the government’s policy to diversify the national non-hydrocarbon economy and reduce the import bill.

The minister"...

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