News / International
Ghana Resolving Electricity Supply Deficit ahead of Elections
Ghana's government said it had added power generation capacity to its national grid in an attempt to fix electricity supply deficit that caused years of frequent blackouts hurting businesses. As frequent blackouts have also angered voters, the government pledges improvements ahead of the country's parliamentary and presidential elections to be held in late 2016.
OPEC: $10t in Oil Investment Needed, $250 from non-OPEC Countries
The Organization of Petroleum Exporting Countries (OPEC) has stated that $10t worth of investment in the oil and gas industry will be needed through 2040 in order to meet world’s energy needs, according to OPEC's World Oil Outlook 2015.
Gazprom Approves $11.71b Investment Program in 2016
Russia's major gas exporter, Gazprom has approved its investment program worth $11.71b ( RUB 842b) in total in 2016, the company's board announced its decision in a statement.
India, Westinghouse to Sign Deal for 6 New Nuclear Power Plants
Delhi is expected to sign a deal with the US-based Westinghouse Electric Company LLC to build six nuclear reactors in India in the first half of 2016 to get country's $150b worth of nuclear power plans off the ground, a senior official of the Indian government said.
Egypt, Ethiopia, and Sudan Sign Preliminary Agreement over Renaissance Dam
Egypt, Ethiopia, and Sudan announced on December 29th that they had reached a consensus over the next steps of Ethiopia’s Renaissance Dam project. However, concerns still remain for Egyptian officials.
Ethiopia Installs Green Energy Water Pumps to Isolated Rural Communities
Ethiopia’s Ministry of Water, Irrigation and Electricity announced that water pumps powered by "Green Energy" were being supplied to isolated rural communities in the country, which do not have access to the national power grid.
Schlumberger to Co-Finance Moroccan onshore Tendrara license
Sound Energy, the operator of the onshore Tendrara license in Morocco, has entered into a Field Management Agreement (FMA) with an affiliate of Schlumberger Oilfield Holdings Limited that will provide integrated technical services, equipment and personnel.
China Oil Major Sells its Trans-Asia Gas Pipeline Assets
China National Petroleum Corporation (CNPC), the country's biggest oil company has sold 50% of its interest in the Trans-Asia Gas Pipeline Co. for $2.3-2.4b, far below the market price, to China Reform Holdings Corporation, a state-run asset management firm.
