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… +
The Sustainable Energy Fund for Africa (SEFA) of the African Development Bank Group will provide a $1 million technical assistance grant to the Green Mobility Facility for Africa (GMFA). GMFA provides technical assistance and investment capital to accelerate and expand private sector investments in sustainable transport solutions in seven countries: Kenya,… +
Sierra Leone, Chad, Liberia, and Togo Kick Off Activities to Increase Grid-Connected Renewable Energy Capacity Activities under the new Regional Emergency Solar Power Intervention Project (RESPITE) have officially kicked off in Freetown to increase electricity access to millions of existing and prospective consumers in Chad, Liberia, Sierra Leone, and Togo.… +
In an effort to develop a consensus on Africa’s oil and gas resources at the conference, Al Ghais also led the OPEC-Africa Dialogue Session featuring both African OPEC and non-OPEC member countries By NJ Ayuk, Chairman, African Energy Chamber This past October, the African Energy Chamber presented African Energy Week… +
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… +
The SEFA grant complements existing facilities to mitigate the high risk associated with drilling activities and help attract commercial debt capital to finance the project The Board of Directors of the African Development Bank Group has approved a $10 million reimbursable grant from the Sustainable Energy Fund for Africa (SEFA) to… +
The Bank’s support will contribute to an additional 2,162MW of installed renewable power generation capacity The Board of Directors of the African Development Bank Group (www.AfDB.org) approved an equity investment of $20 million in Evolution Fund III, a pan-African clean and sustainable energy private equity fund that is mobilising about… +
UTM Offshore to fast-track Nigeria’s gas development and unlock massive reserves for exploitation in the form of LNG into Africa, Europe and Asia for energy security, industrialization and clean cooking UTM Offshore will sign an agreement for the Front-End Engineering Design (FEED) for Nigeria’s first Floating Liquefied Natural Gas (FLNG)… +
African Energy Week (AEW) – Belarmino Chittargueleca, Executive Director for Angola’s national concessionaire and upstream regulator, the National Agency for Oil, Gas and Biofuels (ANPG), announced a number of changes and innovations – including drastic cuts in approval times – at the African Energy Week (AEW) (www.AECWeek.com) 2022 Conference and… +
(African Development Bank) The Board of Directors of the African Development Bank (AfDB) (https://www.AfDB.org/) has approved a grant of a grant of $2.5 million to the Mozambican government to develop renewable energy resources. The grant, from the Sustainable Energy Fund for Africa (SEFA) (https://bit.ly/37jYAtS), administered by the Bank, will be… +
