Osinbajo calls for gas funding as part of transition
Stopping financing gas would derail developing countries’ plans for cleaner energy, Nigerian Vice President Yemi Osinbajo has said.
World Bank
Shell signs MoU with Sonatrach
Shell signed a memorandum of understanding (MoU) with Sonatrach last week, looking at potential trading opportunities.
Trafigura buys into Bboxx amid LPG push
Trafigura has acquired a minority stake in Bboxx, which provides solar power systems in Africa and Asia, with an eye on LPG supplies.
12 things the EU should do about gas flaring
The gas-flaring rate of the European Union’s imported gas is 33x higher than indigenous production. We commend the EU’s recent methane strategy, but to support net zero the EU needs an equally clear EU gas flaring strategy.
Switching to gas, Cenpower to save Ghana cash
Ghana’s Cenpower Generation has committed to switching its primary fuel consumption from light crude oil to natural gas.
Ghana extracts better terms from Cenit
Ghana has reached an amended deal with Cenit Energy, which should save the country more than $200 million.
East Med gas deal signed
A number of states have signed an agreement formalising the East Mediterranean Gas Forum (EMGF).
Eskom faces Kendal shutdown over emissions
Eskom has been instructed to halt work at a number of units at its Kendal power plant by the South African Department of Environment, Forestry and Fisheries (DEFF).
China stumps up loan for Rwandan hydropower
China has signed a concessional loan, via China Exim Bank, to support a hydropower plant in Rwanda.
Saudi Aramco joins World Bank’s zero flaring initiative
Saudi Aramco announced today that it is joining the World Bank Initiative: ‘Zero Routine Flaring by 2030’.
Wind council to work with World Bank in ’emerging’ offshore markets
The Global Wind Energy Council (GWEC) has announced it will work with World Bank to help promote an intergovernmental forum on "emerging offshore wind markets".
World Bank invests ‘three times more’ in oil and gas than renewables, report finds
World Bank Group has ploughed triple the amount of investment into the oil and gas sector than renewable energy projects over the last five years, according to a new report.
World Bank will stop financing upstream oil and gas post-2019
That World Bank has announced today that it will cease any further financing of upstream oil and gas after 2019.
Moldova could soon be tapping into Romania’s national grid
European funding could allow the Republic of Moldova is to be connected to neighbouring Romania’s power grid in a bid to diversify its electricity supply.
World Bank Group to provide $517m for Ghana oil and gas project
The World Bank Group has said it would provide $517million to Ghana in debt and guarantees to support the $7.7billion Sankofa oil and gas project.
Carbon Holdings looks to future with World Bank investment
Egypt's Carbon Holdings, a petrochemical producer, has received a $25million funding boost from the World Bank’s private investment arm, International Finance Corp.
World Bank slashes forecast for oil prices
The World Bank has slashed its forecast for crude oil prices by $14 to $37 per barrel for 2016 amid growing supply and weak demand prospects from emerging markets.
World Bank reveals funding boost to help Africa cope with climate change
A £10.6billion plan to help Africa cope with rising temperatures and be more resilient to climate “shocks” has been unveiled by the World Bank.
BG joins World Bank carbon pricing coalition
BG Group has joined the World Bank Carbon Pricing Leadership Coalition (CPLC), to collaborate on carbon pricing systems and policies.
Ghana’s energy sector receives largest ever guarantees from World Bank
Ghana has received $700million in guarantees from the World Bank for its transformational Sankofa gas project, which is claimed will address the country's chronic energy shortage.