Chariot raises US$25.5M for offshore gas project in Morocco

MOROCCO – Africa-focused energy exploration company Chariot has raised US$ 25.5 million to progress its flagship Anchois offshore gas project in Morocco, as well as its other renewable energy projects across Africa. The Anchois gas development project, which falls under the Lixus Offshore drilling license, covers an area of around 2,390km², with a water depth that ranges from the coastline…

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Shell subsidiary acquires ExxonMobil’s offshore concession in Egypt

EGYPT – BG International Limited., a subsidiary of Shell plc., has signed a Farm Out Agreement (FOA) with ExxonMobil Egypt Limited to acquire a 100% stake in the ExxonMobil-operated North East El-Amriya Offshore Area. The completion of the ownership transfer process is subject to the approval of the relevant government and regulatory agencies. A Farm Out Agreement (FOA) is a…

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Kenya Power appoints Eng. Geoffrey Muli as acting managing director

KENYA – Kenya Power has appointed Eng. Geoffrey Wasua Muli as the firm’s acting managing director effective immediately, even as the utility company steps up the search for a substantive boss to take over from Bernard Ngugi, who left in August last year. Mr Muli, who was acting general manager in charge of regional coordination, takes over from Ms Rosemary…

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Asante Gold takes majority stake in Chirano Gold Mine in Ghana

GHANA – Asante Gold Corporation has entered into a US$225 million share purchase agreement with Kinross Gold Corporation to acquire Kinross’ 90% interest in the Chirano Gold Mine in Ghana. Chirano is an operating open-pit and underground mining operation located in southwestern Ghana, immediately south of the Company’s Bibiani Gold Mine. The upfront consideration for the acquisition will be comprised…

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Wintershall Dea expands interest in Algerian Reggane Nord gas project

ALGERIA – Wintershall Dea has agreed to acquire an additional 11.25% participating interest in the Reggane Nord natural gas project, in Algeria, from Edison International for an undisclosed sum. After the transaction is closed, the consortium Groupement Reggane Nord (GRN), operator of the project, will comprise Sonatrach (40%), Wintershall Dea (30.75%), and Repsol (29.25%). The company currently holds a 19.5%…

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KenGen to add 400MW of geothermal power to the national grid

KENYA – The Kenya Electricity Generating Company (KenGen) has announced a plan to add 400 megawatts (MW) of geothermal power to the national grid in the next five years. The State agency says the output would completely phase out thermal power. Under the project, KenGen will rehabilitate some of its geothermal power plants and upgrade others as it continues with…

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AfDB approves US$180m loan for extension of electricity in rural areas

RWANDA – The African Development Bank (AfDB) has approved two loans amounting to US$180 million to co-finance a major energy project that will extend electricity access to rural areas and reduce greenhouse gas emissions in Rwanda. This follows earlier approval for US$84.2 million from the resources of the African Development Fund (ADF), the concessional window of the Bank Group, for…

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Totalenergies launches first solarized service station in Tanzania

TANZANIA – TotalEnergies Marketing Tanzania Limited officially launched its new identity and the first solarized service station, TotalEnergies Samora service station. The station makes TotalEnergies the first and only Oil Marketing Company in Tanzania with solarized service stations. To meet the company’s ambition, TotalEnergies Marketing Tanzania Limited launched its first solarized service station in Dar es salaam Tanzania, TotalEnergies Samora…

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Savannah Energy announces extension of First Independent Power GSA in Nigeria

NIGERIA – Savannah Energy, an African‑focused British independent energy company has signed an addendum to its existing interruptible gas sales agreement (IGSA) with First Independent Power Limited (FIPL). The deal was signed by Accugas, the company’s 80% indirectly owned subsidiary that supplies up to 35 MMscfpd of gas to FIPL’s Afam power plant. Under the terms of the addendum, FIPL…

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Eco Atlantic supports capital expenditure requirements for offshore well in South Africa

SOUTH AFRICA – Eco Atlantic Oil & Gas has put US$20 million into escrow for its share of drilling expenses on the Gazania-1 well, on Block 2B offshore South Africa. Eco Atlantic completed the acquisition of Azinam Group in March and raised around US$25.5 million in early April. Africa Energy reported the Eco Atlantic deposit in the Gazania escrow. Africa…

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