The Dubai Mercantile Exchange (DME) announced two new fuel oil contracts to hedge the price differentials between Middle East fuel oil and Singapore fuel oil.
Abu Dhabi has received six bids to build a 350MW solar power plant in Sweihan , east of Abu Dhabi in the United Arab Emirates (UAE). The proposed plant will generate 7% of its power from green methods by 2020.
India is turning to Iran for 6m barrels of crude oil as it seeks to build up its strategic reserves, after talks with United Arab Emirates (UAE) stalled.
UK gas company Petrofac is threatening to leave Tunisia and end its investment if protests over jobs that have disrupted gas production for nine months are not stopped immediately.
More than $1b in debt and financing commitments from US agencies and private investors under Africa energy initiative, Power Africa, have been finalized.
Ghana could become the fourth biggest oil producer in sub-Saharan Africa by 2020 once two new offshore fields come on stream, to push total output above 240,000b/d.
The Saudi Arabian oil giant, Aramco, has awarded Saudi KAD 4 lucrative procurement and construction contracts (EPC) to build pipelines with investment projected at $1.33b.
Japan International Cooperation Agency (JICA) and the African Development Bank (AfDB) have shown interest in financing Tanzania’s gas distribution network