Africa | Egypt Oil & Gas - Part 7
Nigeria to Grow Oil Output
The Nigerian National Oil Corporation (NNPC) announced that the country is planning new oil and gas policies aimed at attracting more private investors and boost crude production by 500,000b/d by 2020, Ecofin Agency r...
Dangote to Drive Africa’s Refinery Expansion
According to the 10th edition of the Organization of Petroleum Exporting Countries’s (OPEC) World Oil Outlook (WOO), Nigeria’s $17b Dangote refinery is expected to refine as much as 650,000b/d crude oil per day once ...
Bowleven Advanced in Gas Assets
During its preliminary results and operational update for the year ended 30 June 2016, Edinburgh-based Bowleven said that the Scottish oil explorer was making progress on developing its Cameroonian assets despite its ...
Kenya to Cut Power CAPEX
Kenya Power, the country’s sole electricity distributor, said it expected capital expenditure to fall 16% in its current financial year as it spends less on maintaining its grid. The company said capital expendi...
Nigeria, IOCs Settled for $5b
Nigerian Oil Minister Emmanuel, Ibe Kachikwu, said that the country has reached a $5b outline settlement with five oil majors to cover outstanding payments for joint exploration and production. This settlement related...
Kosmos to Farm Out Stake in Offshore Blocks
Kosmos Energy has announced that it has signed an agreement with Galp Energia, a subsidiary of SGPS S.A., to farm out 20% non-operated stake of its interest in Blocks 5, 11, and 12, offshore Sao Tome and Principe, Off...
Norway to Invested in Mozambique’s Oil, Gas
Norway’s Foreign Affairs Minister, Børge Brende, said that his country is interested to invest in the sectors of oil and gas, agriculture and fisheries in Mozambique, Coast Week reported. His comments came during a vi...
Benin to Expedite Gas-to-Power Plant
APR Energy has won a project for a fast-track dual-fuel power plant in Benin. The deal is a 12-month contract with Benin’s Ministry of Energy, Water and Mines for a 50MW plant running on APR’s fuel-flexible aeroderiva...
