Nigeria’s main opposition candidate for president said on Wednesday he would seek to privatise the state oil company and other government assets if elected next month, while removing a costly petrol subsidy, to revive the economy. Atiku Abubakar, a businessman who served as vice president between 1999 and 2007, has promised to double the size…
On Monday, Eskom shared the rationale for its average annual electricity increase application of 15% for three years under the fourth Multi-Year Price Determination (MYPD4) and Regulatory Clearing Account (RCA) balance application for 2018 made to the National Energy Regulator of South Africa (NERSA). Eskom’s executives presented their case to stakeholders attending the Cape Town…
South Africa is aiming to finalise a long-term plan for the country’s energy mix next month, and once that is done it will launch another round of renewable energy deals, Energy Minister Jeff Radebe said on Wednesday. “We are aiming for February,” Radebe told Reuters, when asked when the Integrated Resource Plan (IRP) would be…
Uganda aims to impose financial penalties from March, on its sole power distributor, Umeme Limited, for any frequent and prolonged supply outages, the regulator said. The public has long complained about high tariffs and long power cuts, while unreliable supplies add extra costs to businesses, which often run costly stand-by generators to keep operations going…
Algeria will conclude its deal with Exxon Mobil Corp and set up a trade joint venture with an international company before the first half of 2019, Sonatrach’s CEO said on Monday. “We are very optimistic and things are moving in the right direction so we will conclude with Exxon and have our trade JV,” Abdelmoumen…
The government does recognize it has an enormous task of fostering an environment where investors and small and medium enterprises can succeed JOHANNESBURG, South Africa, January 15, 2019/ — The African Energy Chamber (www.EnergyChamber.org) welcomes the improvement of Equatorial Guinea’s business environment via the establishment of a one-stop shop for setting up businesses in the…
The step is a very positive move, and a sign that Equatorial Guinea’s government is listening to international investors’ concerns JOHANNESBURG, South Africa, January 15, 2019/ — Equatorial Guinea’s one-stop shop became a reality this week, allowing investors and corporations alike to set up a business in sub-Saharan Africa’s fourth largest oil producer in only…
Oilserv Limited bagged the 2018 Distinguished Achievement Award (Corporate) at the 2018 Annual Oil Industry Achievement Dinner and Awards of the Petroleum Technology Association of Nigeria (PETAN) an association of indigenous technical oilfield service companies in the upstream and downstream sectors. The Chairman of Oilserv Group, Engr. Emeka Okwuosa ably represented by the Group Chief…
Ghana aims to complete work on the infrastructure needed to transport natural gas from the offshore Sankofa field for processing onshore. Speaking to the press, Nana Kofi Damoah, head of communications at the Ghana Ministry of Energy said that work will be complete next August. The Sankofa field is located on the Offshore Cape Three…
The Sierra Leone Electricity and Water Regulatory Commission (SLEWRC) on Wednesday January 9th in a technical workshop, engaged government stakeholders on the Drift Mini Grid Regulation. The two-day technical workshop, which ended on Thursday, 10th January, was hosted at the Lagoonda Entertainment Centre Conference Hall, Aberdeen in Freetown. Speaking at the workshop, Director General of…
