TotalEnergies, bp, Equinor, Shell Commit $500M to Enhance Global Energy Access

• Sunday, 17th November 2024
• by Doaa Ashraf

Oil and gas giants TotalEnergies, bp, Equinor, and Shell have pledged $500 million to improve access to affordable energy, with a primary focus on sub-Saharan Africa and south and southeast Asia. This investment repre...

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, Oil News Kenya i...

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, East African Business Week ...

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, Reuters reported. Three years after the launch of Power Africa,...

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. Gross domestic product is esti...

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

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

APR Energy 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. APR Energy’s Morro Bento plan...