FMO gives five-year window for gas power financing
The Netherlands’ FMO has set out a new policy to move away from fossil fuel financing, although leaving open a small window of opportunity for African gas projects.
Africa
France preps for economic summit with African states
France is preparing to hold a summit to bolster its economic links with a number of African states.
Qatar and Russia set to benefit from China’s robust LNG demand
Among major liquefied natural gas (LNG) suppliers, Qatar, as well as Russia and African producers, look set to benefit from China’s rising demand for the fuel, according to FitchSolutions.
Family oil firm in Aberdeenshire celebrates best year in business
A family-run oil and gas firm in Aberdeenshire is celebrating its best year in business, 22 years since first setting up shop.
Energy transition must be equitable for Africa
Tackling Africa’s energy access problems requires those involved to think of the entire system, rather than focusing simply on renewables.
DFC, Shell Foundation plan renewable investments
The US’ International Development Finance Corp. (DFC) and Shell Foundation are teaming up to work on renewable energy access in low-income states, in Africa and Asia.
UK could get Saharan green energy via huge cable under ambitious scheme
Of all the things the UK is internationally renowned for, good and reliable weather certainly isn’t one of them.
An oil country no more? Algerian energy exports sink rapidly
Algeria’s energy exports are plunging, threatening more financial suffering for the OPEC member and a potential repeat of the mass demonstrations that toppled the president two years ago.
Africa to miss low-carbon opportunity
Africa will not increase electricity access and limit carbon emissions, a new study has reported, undermining hopes for a potential “leapfrog” effect.
Enel, Qatar’s sovereign fund to develop renewables in Africa
Enel SpA has signed a joint venture agreement with Qatar Investment Authority, the Middle East nation’s sovereign wealth fund, to own and develop renewable energy projects in Africa.
UK plans Africa conference for January
The UK Department for International Trade (DIT) will hold the Africa Investment Conference on January 20, 2021.
Taleveras secures USA LPG term deal
Taleveras has become the first African independent gas trading company to secure a term deal with a Mont Belvieu-based LPG facility for the export of liquefied petroleum gas starting in the first quarter of 2021.
Maersk Drilling wins $30m deal with Total for Angola campaign
Total has chosen a Maersk Drilling vessel for a three-well campaign in Angola's block 17, handing the Danish firm a $30 million deal.
Africa on the rise
The energy sector in Sub-Saharan Africa faces numerous challenges, but there is also an increasing sense of urgency and opportunity for the development of the industry on the continent.
Oil companies wonder if it’s worth looking for oil anymore
A few dots near the bottom corner of the world map in the southern Atlantic, the Falkland Islands were once at the forefront of a new era for the oil industry as companies scoured the planet for resources.
Mauritius oil spill clean up continues as liability is probed
The oil cleanup from a leaking cargo ship that ran aground off the coast of Mauritius continues while the government and insurance firms begin probing liability for the accident.
Nigeria grapples with surge in unemployment amid pandemic
The number of people looking for employment through Nigeria’s biggest recruiting website has jumped five-fold since the start of the Covid-19 pandemic, highlighting the struggle faced by many in Africa’s largest economy.
Oil and gas drilling set for ‘staggering’ 20-year low – Rystad
Oil and gas drilling is on course for a "staggering" 20-year low, according to consultancy Rystad Energy.
Covid highlights power problem in sub-Saharan Africa
The coronavirus pandemic has taken its toll on the world, with lives lost and economies shrinking.
Renewables in Africa – Insights from the legal world
Renewable energy in Africa looks set for a bright future, with increasing investment and growing incentives from states to develop green infrastructure. But what are the key legal and contractual issues that stakeholders should consider?
Congo hit by oil explorer’s bid to enforce $619 million award
A South African oil-exploration company has turned to U.S. courts in a bid to enforce a $619 million arbitration award against the Democratic Republic of Congo.
Price drop puts the squeeze on African projects
Many new projects in Africa will be delayed as a result of the oil price drop, Rystad Energy has said.
African states scramble for coronavirus response
Coronavirus has begun to spread in Africa, triggering governments to impose lockdowns and take steps to tackle the pandemic.
Exploration in 2020: Transition, what transition?
The Energy Transition and Extinction Rebellion may have led the energy news agenda and stimulated reflection in many E&P boardrooms in 2019, but the impact on exploration drilling is not yet apparent.
Woodside pulls trigger to start work on Senegal’s Sangomar
Australia’s Woodside Energy has approved the 100,000 barrel per day Sangomar project, offshore Senegal, launching agreements with suppliers and putting the field on course to begin production in 2023.