Google says it is still in negotiations with Denmark’s Vestas Wind Systems over buying its 12.5% stake in the Lake Turkana wind farm, which was officially commissioned on 19 July. Google reached agreement in October 2015 with Vestas and Lake...
New transmission and distribution venture Gridworks on 16 July announced the appointment of former Aldwych International managing director Helen Tarnoy as chair of its board of directors. Capitalised by the UK’s CDC, Gridworks was launched in...
Aker Energy has attracted a $100m investment from Lagos-Based Africa Finance Corporation (AFC) as it prepares to develop the Pecan field on the Deepwater Tano Cape Three Points (DWT/CTP) Block. AFC bought $100m of convertible bond notes with a...
Seadrill Partners has secured a one-well contract with Petronas subsidiary PC Gabon Upstream SA for the West Polaris to work offshore Gabon. Work is expected to start in September 2019, running to the end of the year.Petronas operates the Likuale...
AIM-listed United Oil & Gas has won BP’s backing for a $16m deal to buy Rockhopper Egypt Pty Ltd, which has a 22% non-operated interest in the Abu Sennan concession in the Western Desert. BP will provide a prepayment financing structure of up...
Mediterranean-focused Energean Oil & Gas has agreed to acquire Italy’s Edison E&P for an initial $750m. Following an initial public offering in March 2018, Energean’s strategy has been to become the leading independent, gas-focused...
On 17 July, Egypt recorded the highest consumption of electricity in its history during the strongest heatwave in 20 years. A Ministry of Electricity spokesperson said peak load at 8pm was 32GW while available power at that time was 44.8GW. With...
President Denis Sassou Nguesso’s debt-stressed administration has finally obtained a new International Monetary Fund (IMF) facility, worth nearly $449m, despite criticism that Brazzaville has not provided sufficient detail of parallel...
Sinohydro signed a memorandum of understanding (MoU) with the Ministry of Water and Energy on 11 July to carry out studies for the design, financing, construction, operation and maintenance of a 20MW solar power plant at the site of the Lagdo...
Reforming the oil and gas sector to attract investment and increase production has been a central priority of João Lourenço’s presidency. State oil and gas firm Sonangol boosted its earnings in 2018, fired by higher oil and gas export prices but...
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