Total on 30 September announced the closing of its acquisition of Anadarko’s 26.5% operated interest in the Mozambique LNG project for a purchase price of $3.9bn. Total agreed with Occidental Petroleum in May to acquire Anadarko’s assets in...
Off-grid developers at the Africa Investment Exchange (AIX): Nairobi event on 2-3 October are approaching trends towards greater regulation of the sector with caution. Many African countries are putting in place regulation intended to both aid...
Kenya has long been one of the most open markets in sub-Saharan Africa, but private investors in the country’s power sector are not having an easy ride. Power tariffs are being pushed downwards, with the most recent solar power purchase...
The Ethiopian government and World Bank Group (WBG) are holding high-level talks about the first round of the Scaling Solar programme, in which Saudi Arabia’s Acwa Power was awarded two 125MW projects – Gad and Dicheto – on 11 September after...
A sale took place in Switzerland on 29 September of 25 supercars seized by Swiss authorities from vice-president Teodoro Nguema Obiang Mangue, known as Teodorín, the son of the president. The cars were auctioned with no reserve on behalf of the...
On 2 October, Noble Energy, Delek Drilling and their partners in the offshore Leviathan and Tamar fields announced that they had restructured the quantities of gas they are committed to sell to Egypt’s Dolphinus Holdings, an entity run by a trio...
An announcement from Eni saying chief executive Claudio Descalzi met Democratic Republic of Congo (DRC) President Félix Tshisekedi on 13 September in Kinshasa gave little away, saying only that they discussed forest conservation initiatives and...
The government has approved a domestic electricity price rise of more than 200% from 3 October, raising tariffs to about US$0.12/kWh from approximately US$0.02/kWh. Following the rise, the second since August, domestic users will pay Z$0.41 for...
Tullow Oil veterans Aidan Heavey and Tom Hickey have won backing from The Carlyle Group for a new company targeting acquisitions of up to $1bn, focusing on oil and gas assets across sub-Saharan Africa. Carlyle Group said on 1 October that Boru...
Maurel & Prom has named former Total executive Olivier de Langavant to replace Michel Hochard as chief executive. De Langavant, a former managing director of Total E&P Angola who was most recently a member of the Total Group Management...
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