Tarach-1 Showed Strong Hydrocarbon Presence

• Monday, 21st November 2016
• by Editorial Team

The American trade corporation, ERHC announced that preliminary analysis of the Tarach-1, situated in Kenya's Block 11A, drilling results reveals encouraging information for further exploration.

Sub-Saharan Africa Loses $100b in Oil, Gas Capital

• Wednesday, 16th November 2016
• by Egypt Oil & Gas

Capital investment in the oil and gas industry in sub-Saharan Africa has witnessed a cut by $100b over the next five years, according to Wood Mackenzie’s latest report on upstream activity.

Power Africa to Get $1b in US Aid

• Thursday, 22nd September 2016
• by Egypt Oil & Gas

More than $1b in debt and financing commitments from US agencies and private investors under Africa energy initiative, Power Africa, have been finalized.

IMF Cuts Sub-Saharan Africa’s GDP Growth to 4.5% on Oil Plunge

• Monday, 27th April 2015
• by Egypt Oil & Gas

The International Monetary Fund cut its economic growth forecast for sub-Saharan Africa this year by 1.25 percentage points as plunging oil prices force exporters to curb spending plans.

APR Enegy Renews 106 MW of Contracts in Sub-Saharan Africa

• Sunday, 1st March 2015
• by Egypt Oil & Gas

APR Energy (LSE: APR.L) has signed 106 MW of contract extensions in Sub-Saharan Africa, including an extension on its 40 MW Morro Bento power contract in Angola, taking its term into early 2016.