Total Acquires 16% Stake in Libya's Waha Concessions
Total has acquired Marathon Oils 16.3% stake in Libya's Waha concessions. This comes after Libya's National Oil Corporation (NOC) approved the acquisition. Total's acquisition encompasses a $650 million investment that [...]
OPEC Countries and Russia Set to Cut Oil Output
TheOPECoil-producing countries and Russia have annnounced an agreement to cut crude oil production, a move that is aimed at increasing the global crude oil prices that they hope to sustain [...]Tullow Oil Shares Drop as CEO Resigns
Tullow Oil shares have dropped to nearly half after Chief Executive Officer, Paul McDade, resigned. Additionally, the company also suspended its dividend. This is a move that seeks to generate [...]Kenya to Host Global Solar Conference in February 2020
Kenya will host the global off-grid solar conference set for February 18-20 2020. The forum will bring together over 800 participants and exhibitors from all around the world. The biennial [...]Chinese Oil Giant Launches in Kenya
Chinese oil giant, Sinopec, has officially launched in Kenya. With its entry, stiff competition is will arise between the company and existing players such as Total and Vivo Energy. The African [...]Lumos Global Gets $75Million to Install Off-Grid Solar System in Nigeria
Nigerian Government has awarded $75 Million (KSh7.7 billion) to Lumos Global BV, to power rural households with Off-grid solar power, reports Bloomberg. The funds are part of a $350 million [...]AfDB Approves $210 Million Loan for Nigeria
African Development Bank (AfDB) has approved a $210 million loan for Nigeria. The investment is aimed at helping Nigeria upgrade its electricity transmission and distribution network. According to Transmission Company [...]Tanzania Liquefied Natural Gas Project Put on Hold
Tanzania's Liquefied Natural Gas (LNG) project has, yet again, been put on hold. This follows the suspension of talks between the government and foreign investors that seek to review the [...]China-Russia Natural Gas Pipeline Begins Operation
The China-Russia east-route natural gas pipeline has kick-started its operations. It is the first natural gas pipeline between China and Russia. It is also the first cross-border gas pipeline in [...]Rubis Energie Revenues Doubled after Acquiring KenolKobil
Rubis Energie has doubled its revenues and the number of petroleum products sold in Africa, after it acquired KenolKobil. According to the firm's Q3 results, combined revenues for its African [...]Kenya Power Seeks to Hike Electricity Costs
Kenya Power is seeking to review its tariffs upwards by 20%, a move that is likely to increase the cost of living. If approved, the new pricing structure will see [...]
Chinese Firm to Construct 400 kV Konza Power Line
China Aerospace Construction Group (CACG) will construct the 40 km, 400kV Isinya-konza power transmission line. China Exim Bank will fund the project that is set for completion within 30 months. [...]
