Energy Capital & Power (ECP), is excited to announce that the South Sudan Oil & Power (SSOP) 2023 Conference & Exhibition – the sixth edition and longest-running event organized by ECP – will take place in Juba on June 14-16, 2023. The organizer is proud to work with the Ministry of Petroleum, Ministry of Energy […]
South Sudan Oil & Power is Where Energy Deals are Made in 2023 Read More »
Savannah Energy PLC, the British independent energy company focused around the delivery of Projects that Matter in Africa, has announced that it has mutually agreed to terminate the Share Purchase Agreement, SPA for PETRONAS with immediate effect. The statement disclosed that it has entered into a Share Purchase Agreement (“SPA”) with PETRONAS International Corporation Limited (“PETRONAS”) to
Savannah Energy announces Termination of SPA for PETRONAS’ Chad and Cameroon portfolio Read More »
Africa-focused British independent energy company, Savannah Energy, has announced the acquisition of producing oil fields in South Sudan from Malaysian state oil and gas company, Petronas, a move highly supported by the African Energy Chamber (AEC) (http://www.EnergyChamber.org). The announcement came on 12 December, with the acquisition having been made to the tune of $1.25 billion.
By NJ Ayuk Africa’s oil and gas industry is going to breathe new life into many African economies and will create new opportunities for every many Africans in 2023. During the recent African Energy Week, many players and host nations outlined some of the most ambitious plans produce more natural gas, diversify our economies and
Africa’s Upstream Industry: Holding Steady in a Turbulent Oil and Gas Market Read More »
The Board of Directors of the African Development Bank Group (http://www.AfDB.org) on 9 December 2022 in Abidjan approved $73.81 million to finance the Sudan Emergency Wheat Production Project under the Bank’s African Emergency Food Production Facility. Agriculture is the backbone of the Sudanese economy, accounting for 60% of total national exports and generating a third
Sudan: AfDBank commits nearly $74 million to boost wheat production Read More »
The Board of Directors of the African Development Fund has approved $12.16 million in additional grant funding for the Rice Agro-Industrial Cluster Project in Sierra Leone. The project was first approved in November 2021. The new tranche, to be sourced from the 2022 Performance-based Allocation, will fill a funding gap in the project’s total cost
The European Union faces a potential shortfall of almost 30 billion cubic metres of natural gas in 2023 – but this gap can be closed and the risk of shortages avoided through stronger efforts to improve energy efficiency, deploy renewables, install heat pumps, promote energy savings and increase gas supplies, the IEA says in a
How the European Union can avoid natural gas shortage Read More »
While African Energy Week (AEW) (www.AECweek.com) organizers, the African Energy Chamber (AEC), have made continuous efforts to engage with Africa Oil Week (AOW), these efforts have been in vain, with AOW expressing complete disinterest in collaborating towards a singular, pan-African event. As such, talks with AOW are officially over and AEW will press on with
The African Energy Chamber (AEC) supports the acquisition by Africa-focused British independent energy company Savannah Energy of oil and gas supermajor ExxonMobil’s entire upstream and midstream asset portfolio in Chad and Cameroon. The sale was closed on 9 December to the tune of $407 million. The announcement comes after Savannah Energy and ExxonMobil’s signing of
By NJ Ayuk We are confident that, like previous meetings between American and African Leaders, the events of the highly anticipated Africa Leaders’ Summit, taking place Dec. 13-15 in Washington, D.C., will show America’s earnest and enduring commitment to Africa in the broad sense. The African Continent, some organizers have said, will shape the future
