Africa
South Sudan discovers new oil, plans output by year-end
JUBA (Bloomberg) - South Sudan has made a new crude find in the northern oilfields of Adar and plans production by the end of the year, Information Minister Michael Makuei Lueth said. The oil will be linked to the nearby Paloch oilfields that are managed by Dar...
Nigeria: It’s Official – 15 Companies Win Contracts to Lift Nigeria’s Oil for 2019/2020 (Full List)
The Nigerian National Petroleum Corporation (NNPC) on Sunday released the list of 15 winners of the crude oil lifting contracts 2019/2020 under the Direct Sale of Crude Oil and Direct Purchase of Petroleum Products (DSDP) arrangement. The publication of the list...
Total says it’s committed to $23 billion Mozambique LNG project
MAPUTO (Bloomberg) - Total is committed to developing the Mozambique natural gas project that it will take over from Anadarko Petroleum as part of its expansion in Africa, the company said. The project, to cost as much as $23 billion to develop, will be Africa’s...
Nigeria: Group Urges Govt to Reconsider Nuclear Energy Plan After Russia Accident
The Environmental Rights Action/Friends of the Earth Nigeria (ERA/FoEN) has warned that Nigeria's decision to build nuclear power plants to augment the poor power situation in the country will result in mishaps similar to the Arkhangelsk region explosion in Russia...
Nigerian research reactor operator committed to safety
The operator of the Nigerian Research Reactor-1, known as NIRR-1, has shown a high commitment to safety following the conversion of the reactor core to use low-enriched uranium as fuel instead of high-enriched uranium, according to the International Atomic Energy...
Africa’s biggest fund manager sees gold boom in West Africa
Africa’s largest money manager sees “significant investment opportunities” in West African gold mining as the industry at the southern end of the continent declines. Investor-friendly policies can help Ghana and other countries in the region drive the next...
East Africa Stranded With High Costs of Running Thermal Plants
East Africa's quest for reliable, affordable electricity continues to be elusive, despite massive investments that have significantly increased generation capacity. Over the past seven months, the region has witnessed the commissioning of new renewable power plants,...
Nigeria: Declining Crude Oil Prices May Worsen Country’s Vulnerabilities
The steady decline in crude oil prices last week, which saw a drop below the $60 per barrel benchmark price in the 2019 budget, may worsen the country's vulnerabilities, analysts have warned. Owing to this, they have advised the federal government to initiate policies...
Kenya: Tullow Oil Keeps Under Wraps All Its Trading Deals
British oil explorer Tullow Oil has maintained a tight lid on its exclusive trading deals with National Oil of Kenya, which became a hot potato before a parliamentary committee last month. Tullow country manager Martin Mbogo told Sunday Nation the firm was not at...
Nigeria: Dangote Refinery Completion Date Shifted
The 650, 000 barrels per day (bpd) Dangote crude oil refinery may no longer be completed until the end of 2020 due to problems importing steel and other equipment. However, refining operation which was expected to begin at the facility early 2020 has been shifted,...
