Author: majorwavesen

OIL AND GAS

Equatorial Guinea moves to support prospective entrepreneurs by cutting bureaucratic obstacles with a One-Stop Shop for business incorporation
Bymajorwavesen January 16, 2019

The step is a very positive move, and a sign that Equatorial Guinea’s government is listening to international investors’ concerns JOHANNESBURG, South Africa, January 15, 2019/ — Equatorial Guinea’s one-stop shop became a reality this week, allowing investors and corporations alike to set up a business in sub-Saharan Africa’s fourth largest oil producer in only…

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NEWS | OIL AND GAS

Oilserv Limited Bags 2018 Industry Achievement Award
Bymajorwavesen January 15, 2019

Oilserv Limited bagged the 2018 Distinguished Achievement Award (Corporate) at the 2018 Annual Oil Industry Achievement Dinner and Awards of the Petroleum Technology Association of Nigeria (PETAN) an association of indigenous technical oilfield service companies in the upstream and downstream sectors. The Chairman of Oilserv Group, Engr. Emeka Okwuosa ably represented by the Group Chief…

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NEWS | OIL AND GAS

Ghana prepares to transport Sankofa gas onshore for processing
Bymajorwavesen January 14, 2019

Ghana aims to complete work on the infrastructure needed to transport natural gas from the offshore Sankofa field for processing onshore. Speaking to the press, Nana Kofi Damoah, head of communications at the Ghana Ministry of Energy said that work will be complete next August. The Sankofa field is located on the Offshore Cape Three…

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RENEWABLE ENERGY

Sierra Leone’s SLEWRC engages gov’t stakeholders on draft mini grid regulation
Bymajorwavesen January 14, 2019

The Sierra Leone Electricity and Water Regulatory Commission (SLEWRC) on Wednesday January 9th in a technical workshop, engaged government stakeholders on the Drift Mini Grid Regulation. The two-day technical workshop, which ended on Thursday, 10th January, was hosted at the Lagoonda Entertainment Centre Conference Hall, Aberdeen in Freetown. Speaking at the workshop, Director General of…

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NEWS

Wentworth Resources announces update on operations in Tanzania and Mozambique
Bymajorwavesen January 14, 2019

Wentworth Resources, the Oslo Stock Exchange and AIM listed independent, East Africa-focused oil & gas company, has provided an update to shareholders. Tanzania Operations Gas demand for the Company’s producing reserves continued to grow in the final quarter of 2018, resulting from combined demand from the Kinyerezi-1, Kinyerezi-2 and Ubungo II power stations, and the…

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RENEWABLE ENERGY

SolarNow gets funding for Ugandan expansion
Bymajorwavesen January 14, 2019

SunFunder and two institutional investors, ResponsAbility and Oikocredit have provided additional financing of $9 million to SolarNow, a specialist in off-grid solar installations in Uganda. SunFunder is a firm founded by a former US-based banker in Kenya. The facility comes after a $6 million first round brought by SunFunder and its two co-investors, ResponsAbility and…

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POWER

Senegal doubles its electricity capacity
Bymajorwavesen January 14, 2019

Senegal saw its energy production double over the past six years. The country’s power generating capacity has gone from 500 MW in 2012 to 1,141 MW in 2018. The news was announced by the country’s president, Macky Sall, during his message to the nation. “We must add, in the very short term, two projects of…

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RENEWABLE ENERGY

Botswana coal IPP underway
Bymajorwavesen January 14, 2019

On Monday, Kibo Energy head announced to stakeholders that efforts on fast-tracking the remaining technical work to complete an integrated bankable feasibility study for Botswana’s Mabesekwa Coal Independent Power Project is a top priority for this year. Additionally, a feasibility study is underway for the Benga 150-300MW coal-fired power station in Mozambique. This project is…

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OIL AND GAS

NNPC to Crash Price of Cooking Gas
Bymajorwavesen January 11, 2019

The Nigerian National Petroleum Corporation (NNPC) is set to implement effective commercial framework that would halt the export of propane and butane which are major components in the production of Liquefied Petroleum Gas (LPG), also known as cooking gas. The Corporation explained in a press release by its Group General Manager, Group Public Affairs Division,…

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OIL AND GAS

Mozambique’s debt-ridden govt still financing fuel stations
Bymajorwavesen January 8, 2019

The Filipe Nyusi Nyusi-led government continues financing fuel stations in Mozambique to ensure availability of petrol, diesel, cooking gas and oil, Verdade reports. According to the report, “opening guarantees with the Banking Syndicate (BIM / BCI) to serve as collateral on fuel imports” has led to the accumulation of a debt of over U.S.$300 million….

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