Category: Africa

Africa’s biggest investor touts new energy plan, including shale

The Public Investment Corp. plans to lead investment in energy projects in Africa by buying into South African shale gas projects and helping to fund what could be the world’s biggest power generation complex in Democratic Republic of Congo.  More »

Family says BP lied about man’s cause of death in terrorist attack

The family of a Houston man killed in a terror attack on a BP plant in Algeria early last year claims the oil company lied about how the man died and that its Internet access policy contributed to his death.  More »

Drillers and doctors join forces to find oil and save babies

Chevron and other oil companies develop social responsibility plans as a way to integrate into countries where they work. But critics say the approach skirts deeper problems in developing nations.  More »

US Navy seizes tanker, foiling Libya rebel attempt to sell oil

The U.S. Navy thwarted the first attempt by rebels seeking self-rule in eastern Libya to export crude oil from a port they control.  More »

Company plans $2B Ethiopian power project on imploded volcano

Reykjavik Geothermal, the Icelandic power-plant builder, plans to begin drilling in Ethiopia by July as part of a $2 billion project to develop the renewable energy source, Chief Operating Officer Gunnar Orn Gunnarsson said.  More »

South Africa oil-stake demand risks derailing new industry

South Africa’s plans to muscle in on new oil and gas ventures threaten to derail a fledgling industry, undermining state efforts to safeguard energy security and curtail imports.  More »

Renewables to help electrify Africa

Renewables are likely to play a large role in the electrification of Africa, likely making traditional grids less important, energy ministers said Thursday at the IHS Energy CERAWeek summit in Houston.  More »

International investment tough even as Asian growth surges

Electricity demand is surging in India, Vietnam, sub-Saharan Africa and other developing economies where growing populations are starving for power generation, but U.S. public utilities still remember the hard lesson of the 1990s: The need for energy isn’t enough to an make international investment viable, energy executives said Thursday.  More »

From China to Tanzania, more open energy markets emerge

Big players in the Eastern Hemisphere have diversified their energy sources and attracted more foreign investment over the past decade, but powerful government interests are often at odds with the energy industry’s drive to maximize profits from commercializing resources, a panel of energy experts said Monday.  More »

Shell Nigeria closes major pipeline, cites theft

Shell said it hopes to reopen it as soon as possible.  More »

Nigeria orders audit for billions in missing oil revenue

The Central Bank last year reported nearly $50 billion worth of oil sold by the state oil corporation had not been paid to the government.  More »

Egyptian oil ministers looking for investors for upcoming bid round

Egyptian oil and gas officials touted the promise of an upcoming bid round in a visit to Houston Monday afternoon, saying that the promise of the Nile Basin, Mediterranean Sea and Red Seas could contain billions of barrels of oil.  More »
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