Africa

The African Petroleum Producers Association has appointed Omar Farouk Ibrahim as its new Secretary General. Before the appointment, Mr Ibrahim was a Group General Manager, International Energy Relations for the Nigerian National Petroleum Corporation (NNPC). The...

Trucking of crude oil to Mombasa has been halted due to heavy rains that have damaged roads in Turkana County. Tullow Oil, which is running the 100 trucks to ferry crude to Mombasa for storage did not explain to what extent the stoppage would affect the Early Oil...

President Muhammadu Buhari, yesterday, disclosed that Nigeria would join other African oil and gas producing countries in accessing the $1 billion African Energy Investment Corporation, AEICorp, Fund, promoted by the African Petroleum Producers Organisation, APPO, to...

The African Development Bank and the African Union Development Agency (AUDA-NEPAD) have agreed to jointly develop a blueprint for a pan-continental electricity network and market. The agreement to set up a Continental Power System Master Plan between the Bank and...

Tullow Oil, the British firm exploring oil in Turkana, is in deep trouble abroad, which may put Kenya's oil wealth dreams in jeopardy. The company's troubles come after its decision to downgrade its production outlook, and the exits of the company's chief executive...

The Minister of Industry, Trade and Investment, Mr. Adeniyi Adebayo, has said the era of importation of certain professionals and equipment required in the oil and gas sector will soon be a thing of the past. The minister, who said this in an interview with...

South African power utility, Eskom, is still supplying Zimbabwe with 300MW outside peak hours under a US$2 million a month deal with Zesa Holdings, Cabinet heard yesterday. Eskom has surplus off-peak power for export, but has resorted to load-shedding in South Africa...

The one-day nationwide strike by the National Union of Electricity Employees (NUEE) on Wednesday has been suspended. The General Secretary of the Union, Joe Ajaero confirmed the suspension of the strike in a telephone interview with PREMIUM TIMES. The strike action...

The African Development Bank, Embassy of Germany in Rwanda and the KfW Development Bank joined the Government of Rwanda to inaugurate the high voltage 188 MVA Shango power substation in the capital Kigali and its related transmission network. The substation is part of...

African governments' appetite for quick tax revenues from oil production is putting off potential investors, denying the continent billions of dollars' worth of projects. Further, foreign investors are concerned about the uncertainty surrounding the taxation measures...