Wentworth Resources, the Oslo Stock Exchange and AIM listed independent, East Africa-focused oil & gas company, has provided an update to shareholders. Tanzania Operations Gas demand for the Company’s producing reserves continued to grow in the final quarter of 2018, resulting from combined demand from the Kinyerezi-1, Kinyerezi-2 and Ubungo II power stations, and the…
SunFunder and two institutional investors, ResponsAbility and Oikocredit have provided additional financing of $9 million to SolarNow, a specialist in off-grid solar installations in Uganda. SunFunder is a firm founded by a former US-based banker in Kenya. The facility comes after a $6 million first round brought by SunFunder and its two co-investors, ResponsAbility and…
Senegal saw its energy production double over the past six years. The country’s power generating capacity has gone from 500 MW in 2012 to 1,141 MW in 2018. The news was announced by the country’s president, Macky Sall, during his message to the nation. “We must add, in the very short term, two projects of…
On Monday, Kibo Energy head announced to stakeholders that efforts on fast-tracking the remaining technical work to complete an integrated bankable feasibility study for Botswana’s Mabesekwa Coal Independent Power Project is a top priority for this year. Additionally, a feasibility study is underway for the Benga 150-300MW coal-fired power station in Mozambique. This project is…
The Nigerian National Petroleum Corporation (NNPC) is set to implement effective commercial framework that would halt the export of propane and butane which are major components in the production of Liquefied Petroleum Gas (LPG), also known as cooking gas. The Corporation explained in a press release by its Group General Manager, Group Public Affairs Division,…
The Filipe Nyusi Nyusi-led government continues financing fuel stations in Mozambique to ensure availability of petrol, diesel, cooking gas and oil, Verdade reports. According to the report, “opening guarantees with the Banking Syndicate (BIM / BCI) to serve as collateral on fuel imports” has led to the accumulation of a debt of over U.S.$300 million….
Uganda has revised its oil and gas volume projection downwards and pushed forward production timelines due to a delay by investors to make final investment decisions for both the pipeline and upstream project. A disparity over pipeline tariffs emerged during the host government agreement (HGA) negotiations between Uganda and joint venture partners Total E&P, Tullow…
Victoria Oil & Gas has announced that its wholly owned subsidiary Gaz du Cameroun (‘GDC’) has received the Decree signed by H.E President Paul Biya on December 17, 2018, authorising the transfer of interest in the Matanda Production Sharing Agreement (‘Matanda PSC’) licence assigned from Glencore in early 2016. Highlights GDC has now secured 75% ownership and is operator of the…
The Kenyan government is on the spot for ceding the importation of liquefied petroleum gas to a private company, something that has made efforts to make cooking gas affordable and accessible to the majority come to naught. Despite implementing fiscal policies, subsiding cylinders and going to the extent of launching a cooking gas programme to…
Sounde Energy, the Moroccan focused upstream gas company, announced December 27 the preliminary results of intermediate wireline logs at TE-10, which indicate the presence of gas bearing sands in the TAGI. James Parsons, Chief Executive Officer of Sound Energy, commented: ‘These positive initial results underscore our confidence in the exploration potential across the broader basin….
