Latest Stories

Russia’s Tatneft resumes oil exploration in Libya’s Ghadames basin

20 October 2021

Russia’s Tatneft, in co-operation with Libya’s National Oil Corp. (NOC), has resumed exploration drilling in the country after a 10-year hiatus.

Renergen deal could help establish helium spot market

20 October 2021

South African company set to begin trading helium once its LNG plant comes on stream.

Maersk Drilling set to drill “world-record” deepwater well offshore Angola

20 October 2021

TotalEnergies E&P Angola has exercised its option to use the Maersk Voyager, a seventh-generation drillship owned by Maersk Drilling (Denmark), to sink the ultra-deepwater Ondjaba-1 exploration well at Angola’s Block 48.

Venezuela reportedly gearing up to send heavy crude to Iran

20 October 2021

Venezuela was reportedly preparing to send about 2mn barrels of heavy crude oil to Iran within the framework of a crude-for condensate swap as of October 16.

Tanzania loses over $7mn due to power inefficiency

20 October 2021

Tanzania Electric Supply Co. Ltd (Tanesco), loses the equivalent of $7mn per month due to inefficiency, power losses, technical and non-technical issues, according to Maharage Chande, the company's new managing director.

Karpowership faces new corruption allegations in tug of war over South African power

20 October 2021

Fresh corruption allegations have surfaced in a tug of war to provide South Africa with emergency power, as powership provider Karpowership SA accused its rival bidder, DNG Power, of holding the government ‘hostage’ with baseless claims.

Ghana's government backs renewable energy drive, supports BUI Power and VRA

20 October 2021

Ghana’s government has pledged support to the state-owned Volta River Authority (VRA) and Bui Power Authority (BPA) to be able to achieve their full potential in renewable energy, according to the Minister for Energy, Dr. Matthew Opoku Prempeh.

ZESA head slams Finance Ministry secretary for stalling power plant projects

20 October 2021

Zimbabwe Electricity Supply Authority (ZESA) executive chairperson Sydney Gata has accused Finance Ministry Secretary George Guvamatanga of refusing to guarantee independent power producers’ deals and unlock their funding.

LatAmOil: TotalEnergies will not flare gas from Block 58

20 October 2021

Patrick Pouyanné, the CEO of France’s TotalEnergies, has said that his company will not flare any of the associated gas contained within its oilfields offshore Suriname.

Kenya Power and Kenya Airways to get money from Treasury

20 October 2021

Kenya’s electricity utility and national airline are set to receive money from the National Treasury in the next financial year to support their recovery.

Occidental Petroleum sells off assets to Kosmos Energy, GNPC

20 October 2021

US-based Occidental Petroleum has sold off its stakes in two Ghanaian oilfields for $750mn in an effort to end a two-year divestment designed to reduce debt.

Nigerian government facing growing fuel subsidy budget crisis

20 October 2021

Nigeria’s government is facing a growing budget crisis, as a subsidy policy designed to protect the population from growing oil prices is putting increasing pressure on the federal budget.

Fitch puts Kosmos on ratings watch positive after Ghana deal with Occidental

20 October 2021

Fitch Ratings has changed the status of US-based Kosmos Energy to Rating Watch Positive (RWP) in light of the company’s recent deal with Occidental Petroleum for the acquisition of stakes in several Ghanaian oilfields.

Ghana's Tema Oil Refinery ought to be privatised

20 October 2021

Senyo Hosi, the CEO of the Ghana Chamber of Bulk Oil Distributors (CBOD), has said that the Tema Oil Refinery (TOR) has to be privatised to stop it from acting as a drain on the Ghanaian economy.

Kazakhstan to restrict crypto miners amid power shortages

20 October 2021

A few months ago, the country was flooded with miners from China.