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Energy Gas International News Oil

Equatorial Guinea signs 3 Production Sharing Deals with Panoro Energy, Africa Oil Corp

Antonio Oburu Ondo, Equatorial Guinea’s recently appointed Minister of Mines and Hydrocarbons, has awarded independent exploration and production company, Panoro Energy, a 56% participating interest and operatorship in Block EG-01 offshore the hydrocarbon-rich West African country, as well as Canadian oil and gas company, the Africa Oil Corporation, two production sharing contracts (PSC) for offshore Blocks EG-18 and EG-31. With the PSCs, the Ministry of Mines and Hydrocarbons, under the leadership of Minister Ondo, has

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Energy International Mining News

Energy Revolution Paves the way for Mining in Africa

The global energy sector’s appetite for minerals, many of which can be sourced in Africa, is good news for the future of mining, and was an important focus at this year’s Investing in Mining Indaba in Cape Town, South Africa. However, despite the good news, the pressure on mines is still all about low-cost production. According to Ralf Hennecke, Managing Director of Omnia Group company BME, efforts to decarbonise the world economy are relying on energy technologies that

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Energy International

Africa’s Energy Crisis Enables African Solutions

Africa’s energy deficit has given rise to African entrepreneurs that are introducing new technologies, especially in solar power, to fill these gaps.    Progression is mostly driven by energy and many regions in the world are quickly running low on means to generate it. With over 600 million people devoid of access to electricity, Africa is a region amid an energy crisis.  Despite Sub-Saharan Africa’s booming population, the region has a an extremely low electrification

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Energy Local News

Angola’s Lucapa Solar Park to Begin Generating Energy in 2024

The photovoltaic plant, which has been installed in Lucapa Municipality of the north-eastern Lunda Norte Province, since 2021, will start producing power in the first quarter of 2024. The solar power plant is 61% complete, whereby in relation to mechanical assembly, with installation of the solar panels and support structures that include civil engineering, it is over 90% complete. So far, out of the 12,090 solar panels, approximately 11.000 have already been installed, with the

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Economy Energy Gas International News

Africa’s Upstream Industry: Holding Steady in a Turbulent Oil and Gas Market (By NJ Ayuk)

We encourage all parties to investigate – and invest in – Africa’s rising stars for long-term energy solutions Africa’s oil and gas industry is going to breathe new life into many African economies and will create new opportunities for every many Africans in 2023. During the recent African Energy Week, many players and host nations outlined some of the most ambitious plans produce more natural gas, diversify our economies and create more jobs especially for

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Economy Energy Gas International Oil

Africa’s Energy Sector Is in Need of Practical, and Not Reactionary, Solutions at the US and African Leaders Summit in Washington DC: (By NJ Ayuk)

U.S. and African Presidents must address energy poverty and a Just Transition We are confident that, like previous meetings between American and African Leaders, the events of the highly anticipated Africa Leaders’ Summit, taking place Dec. 13-15 in Washington, D.C., will show America’s earnest and enduring commitment to Africa in the broad sense. The African Continent, some organizers have said, will shape the future of the world.  We truly believe that the leaders who will

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Economy Energy Gas International Oil

A New Era with Savannah Energy’s Acquisition of ExxonMobil’s Upstream, Downstream Assets in Chad and Cameroon

Savannah Energy has announced the completion of its acquisition of ExxonMobil’s upstream and downstream asset portfolio in Chad and Cameroon The African Energy Chamber (AEC) supports the acquisition by Africa-focused British independent energy company Savannah Energy of oil and gas supermajor ExxonMobil’s entire upstream and midstream asset portfolio in Chad and Cameroon. The sale was closed on 9 December to the tune of $407 million. The announcement comes after Savannah Energy and ExxonMobil’s signing of

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Economy Energy Oil

Talks With Hyve Group/Africa Oil Week Are Officially Off; African Energy Week (AEW) Scheduled for October 16-20 in Cape Town

Having reached out on multiple occasions to Africa Oil Week, African Energy Week will no longer pursue collaboration with the conference or event organizers and will continue to work towards supporting Africa’s energy sector and making energy poverty history at AEW 2023 While African Energy Week (AEW) (www.AECweek.com) organizers, the African Energy Chamber (AEC), have made continuous efforts to engage with Africa Oil Week (AOW), these efforts have been in vain, with AOW expressing complete

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Energy Gas International Oil

Savannah Energy’s South Sudan Oil Deal is a boost for Jobs, Local Content and Women Empowerment

Savannah Energy has announced its agreement to purchase producing oil fields in South Sudan, a deal which follows the company’s 9th of December announcement of its procurement of ExxonMobil’s upstream and downstream portfolio in Chad and Cameroon Africa-focused British independent energy company, Savannah Energy, has announced the acquisition of producing oil fields in South Sudan from Malaysian state oil and gas company, Petronas, a move highly supported by the African Energy Chamber (AEC) (http://www.EnergyChamber.org). The

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Energy

TAAG offers new route between Luanda and Ponta Negra

TAAG (Linhas Aéreas de Angola) has expanded its network of regional destinations, offering two weekly flights between Luanda and Ponta Negra, the second largest city and main commercial center in the Republic of Congo, whose inaugural flight will take place today, Monday. fair, 12. According to a statement from TAAG, this route will have two weekly flights with departures on Mondays and Fridays, operated by the DASH 8 aircraft with capacity for 74 passengers, 64

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