Saturday, June 23, 2018

Africa News

Rosatom Working on Preliminary Stages of South Africa Bid

Russian state nuclear agency Rosatom is participating in the preliminary information-gathering stage of a tender to build a nuclear power project in South Africa, TASS news agency reported on Tuesday. TASS previously cited Rosatom Chief Executive…

Polarcus Awarded 4D Project Offshore West Africa

Polarcus Limited has  announced that the company has received a letter of award for a 4D marine seismic acquisition project offshore West Africa. The project is due to commence in Q2 2017 and will run for approximately one month.

W. Africa Crude-Asian Tenders, Pending Export Plans Slow Trade

File Image (CREDIT: AdobeStock)

Physical trading in West Africa was muted as the market awaited tender results and the April-loading Angolan crude oil export plan. * The benchmark oil prices on which West Africa crude oil trades retraced some of Monday's losses as confidence in OPEC's cut plan rose.

Total Expands Oil Search Offshore West Africa

Total has signed a deal to explore for oil and gas offshore Mauritania, the French company said on Friday, expanding the scope of its search for new fields in the deep waters off West Africa's Atlantic coast. Under an agreement with Mauritania's state-run oil company SMHPM…

South Africa Mulls First Shale Gas Exploration Licences

South Africa's government may award its first shale gas exploration licences by the end of September, after environmental objections delayed the process, a senior government official said on Monday. The five licence applications under review are for exploration in the semi-arid Karoo basin.

Sub-Saharan Africa's Biggest Wind Farm Delayed

The biggest wind farm in sub-Saharan Africa is ready for launch but will remain idle until next year as Kenya's government has not yet installed the transmission lines needed to get the clean power to customers, the provider of the turbines said.

South Africa Committed to Nuclear Power Expansion

South Africa is committed to an "open, transparent" process to build new nuclear power plants and the government planned to go through with its plans for nuclear expansion, President Jacob Zuma told parliament on Thursday. South Africa is planning to build 9…

W. Africa Crude-Nigerian Crude Trading Briskly

Trade of West African crude was brisk on Wednesday driven by strong refining margins, particularly for middle distillates in Europe and Asia. About 10 cargoes remain from the September loading programme. Total was said to have sold its cargo…

KBA Europe, Batok Offshore Partner in West Africa

KB Associates Europe Limited KBA(E) has announced a new partnership with the local representative – Batok Offshore and Oil Services Nigeria Limited for the arrangement of KBA(E)’s specialist training courses in country; such as Client Worksite Representative…

BP's Africa Partner Kosmos Reports Positive Gas Drill Test

Oil and gas producer Kosmos Energy , which along with oil major BP Plc plans to produce gas off Mauritania coast, said a test drill showed that a key field would produce about 60 million cubic feet of gas per day. Kosmos, which was admitted…

China, Africa Ink $17 bln Preliminary Cooperation Pacts

Chinese companies and banks agreed preliminary deals with African counterparts on $17 billion worth of cooperation in sectors including infrastructure, energy, pharmaceuticals and information technology, the official Xinhua News Agency reported on Thursday.

South Africa's Petrol Price to Decrease in August

The retail price of petrol in South Africa will decrease by 7.4 percent from August 3, while the price of wholesale diesel will go down by 6.3 percent, the energy department said on Friday. The price of petrol will fall by 99 cents to 12.35 rand per litre in the commercial hub of Gauteng province…

Eskom Executives Blocking Coal Contract Investigation - South Africa

Executives at Eskom have resisted several attempts to investigate coal contracts entered into by the state-owned power utility, South Africa's Treasury said on Monday. Eskom said in a statement over the weekend that the Treasury had not issued…

Africa Could be Major LNG Importer by 2025 -Total

File Image: credit MISC

Africa could become a significant global market for imported liquefied natural gas (LNG) by 2025, with Egypt the main driver, as more countries eye gas-to-power projects, a senior official at Total said on Tuesday. With hundreds of millions…

Sea Trucks Wins IMR Work in West Africa

Jascon 55 (Photo: Sea Trucks Group)

Netherlands-based Sea Trucks Group (STG) said it has secured a contract award from an oil major in West Africa. STG was awarded an inspection, maintenance and repair contract for anoil major in West Africa with commencement during Q4 2016. Graeme Pennycook…

Kongsberg Maritime Opens South African Facility

From left to right: Alastair Pettie, Rune Haukom, Steve Nell, Shaun Ortell, Pierre Marais, Wojtek Kowalczyk  (Photo: Kongsberg Maritime)

Kongsberg said it has opened its first office and warehouse facility in the Republic of South Africa on Friday, November 4, 2016. Located in Cape Town’s airport zone, the new Kongsberg Maritime South Africa facility joins the company’s global network of first party sites…

South Africa's proposed nuclear power plant unsafe

A Power Station of Eskom Photo Eskom

South African power provider Eskom has proposed building a nuclear power station on a site that may be at risk of surge storms and tsunamis, a geological report suggests, but the state-owned utility disputes the findings. South Africa has the…

Shell Agrees Sale of Vivo Energy to Vitol Africa BV

The Hague, Shell has signed an agreement with Vitol Africa B.V. to sell its 20 percent shareholding in Vivo Energy for $250 million. Completion of this transaction is expected during the first half of 2017, subject to regulatory approval. The…

South Africa's Petrol Price Set to Rise

The retail price of petrol in South Africa will rise by 4 percent from Jan. 4, while the price of wholesale diesel will increase by 3.5 percent, the energy department said on Thursday. The price of 93 octane petrol will be 50 cents higher at 13.09 rand per litre…

W. Africa Crude-Trading Quiet, Nigerian Delays Dampen Demand

Oil futures were on track for their biggest annual gains since 2009 despite intraday losses, aided by OPEC's agreement to cut production from early next year. Still, demand for West African crude in spot trading was limited by holidays across Europe and uncertain demand in Asia. Gains in U.S.