Africa | Egypt Oil & Gas - Part 35
World’s Largest Geothermal Plant Launched in Kenya
Kenya’s 280 MW Olkaria geothermal power plant, the world’s largest, began commercial operation today, with an opening ceremony held yesterday and attended by government officials. The plant will provide almost 20 per ...
Chevron’s Gas Reserves Slip After Chad Asset Sale
Chevron Corp, the second-largest U.S.-based oil producer, said on Friday its oil and natural gas reserves fell 1 percent last year largely due to the sale of its stake in a Chad oil field.
Marathon Oil Cuts Spending a Second Time
Marathon Oil Corp on Wednesday said it would cut its 2015 capital budget by another 20 percent to $3.5 billion, and reported that fourth-quarter profit rose, on a gain related to the sale of oil and gas properties in ...
RT Global Resources Signs Uganda Refinery Contract
The Russian firm leads the consortium that has been chosen to build and operate Uganda’s USD 2.5 billion Hoima oil refinery project, according to the African nation’s oil ministry yesterday.
Afren Ends Negotiations with Nigeria’s Seplat
Afren has broken off talks with Nigeria’s Seplat Petroleum Development Co. concerning a potential merger of the two companies.
Tullow Optimistic About Ghana Project
Tullow Oil was in favour on Monday as optimism rose that the explorer could trade its way out of a cash crunch. Shares in Tullow bounced 3.8 per cent to 420.2p, having warned last week that it may breach a banking c ...
Total To Maintain Major Oil Investments in Nigeria
French oil major, Total, has assured that its major oil and gas projects in Nigeria as well as in other African countries will continue operations even with the sliding crude oil prices.
South Africa’s Eskom Continues Second Day of Rolling Blackouts
South African power utility Eskom implemented a second day of “Stage 2” pervasive blackouts to ease the burden on the national grid, build up diesel supplies and gather water reserves in hydropower dams, reported Reu ...
