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Uganda: New CEO for UNOC

The Uganda National Oil Company (UNOC) board of directors on 13 August named Proscovia Nabbanja as acting chief executive to replace Josephine Wapakabulo, who has resigned from the post. Nabbanja, a geologist by training, has been UNOC chief...

Total signs Benin LNG agreement

Total has signed a gas supply agreement and host government agreement with Société Béninoise d’Energie Electrique for a FSRU project in Benin, which will see the French major supply up to 500,000 t/yr of LNG from its portfolio for 15 years from...

Angola: Soyo refinery tender

The Ministry of Mineral Resources and Petroleum has announced that an international public tender will be launched this year for the construction of an oil refinery at Soyo in the northern Zaire province to be developed with private capital.An...

Uganda: Kikagati hydro project reaches financial close

The Emerging Africa Infrastructure Fund (EAIF) announced on 12 August the finalisation of a $54m debt finance package for a 16.5MW run-of-river plant at Kikagati on the Kagera River, which forms the border between Uganda and Tanzania. EAIF said...

Angola: M&P takes Ajoco stakes

France’s Maurel & Prom has entered Angola with the acquisition of 20% of blocks 3/05 and 3/05A previously owned by Mitsubishi subsidiary Angola Japan Oil Company Ltd (Ajoco). The licences are two producing and development blocks in shallow...

South Sudan: CNPC finds oil in Block 3

A consortium led by China National Petroleum Corporation (CNPC) has announced an oil discovery near the Adar oilfield in Block 3. New oil minister Awow Daniel Chuang told Platts the discovery was estimated to contain 300m barrels of recoverable...

South Africa: UKCI agrees BEE focused financing

UK Climate Investments (UKCI) has announced a financing agreement worth £14m ($17m) with majority black-owned and managed renewable asset manager H1 Holdings. The financing will support development of the 140MW Kangnas wind farm in the Northern...

South Africa: Bigger losses, bigger bailouts at Eskom

Eskom has reported a net loss after tax of R20.7bn ($1.4bn) for the year to March 2019, up from R2.3bn for the year to March 2018. While expenditure was reduced by R9.9bn, this was less than the targeted R10.6bn and was fully absorbed in...

Genel Energy farmout plans

Genel Energy plans to farm down its 75% interest in the SL-10B and SL-13 blocks onshore Somaliland. In its H1 results on 6 August, Genel said interpretation of the 2018 2D seismic data together with continued basin analysis has led to the...

Project agreements signed for Ruzizi III

Industrial Promotion Services and Norway’s SN Power have signed a 25-year concession agreement and power purchase agreements for the Ruzizi III hydropower plant with the governments and power utilities of Burundi, Democratic Republic of Congo and...


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