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Chevron awards new Angola contract to SPIE

A subsidiary of Chevron oil company, Cabinda Gulf Oil Company Limited, has awarded a contract to SPIE Oil & Gas Services to support operations on the 0 and 14 oil blocks located in the Angolan province of Cabinda at the extreme north of the country. The contracted services include the supervision and coordination of on-site teams enrolled

Tanzania, Zambia plan $1.5bn oil products pipeline – Tanzania Minister says

Tanzania’s Energy minister, Medard Kalemani has revealed that Tanzania and Zambia plan to build a refined products pipeline to transport petroleum between the two countries at a cost of $1.5 billion. Reuters reported that Zambia which is Africa’s top copper producer imports most of its petroleum requirements, mainly from the Middle East,

BP close to selling stake in Egyptian oil firm to Dragon oil

BP is nearing the sale of its stake in a major Egyptian oil and gas company to Dubai-based, Dragon Oil for over $600 million. According to Reuters, the sale, which is expected to complete in the coming weeks would mark the end of BP’s 50-year-old partnership in the Gulf of Suez Petroleum Company (GUPCO) as the London-based company focuses on

Brooge partners with Sahara Energy to build 250,000 bpd refinery

Brooge Petroleum and Gas Investment Co (BPGIC) is reported to have partnered with Sahara Energy Resources Dubai to set up an oil refinery to produce bunker fuel with a capacity of up to 250,000 barrel per day (bpd) in the Emirate of Fujairah. It was announced by the partnering team that the facility will be unique in the Middle East and North

Tanzania’s geothermal energy plant to commence work in 2021

Tanzania’s government has revealed that it will commence construction of a geothermal energy power plant in Lake Ngozi, Mbeya Region in 2021. This was made known by the Tanzania Geothermal Development Company, TGDC. The company’s General Manager according to Dailynews, Mr. Kato Kabaka who spoke at a recent workshop for the parliamentary

Egypt signs MOU with IFC to boost infrastructure for petroleum, natural gas sectors

Egypt’s Ministry of Petroleum has signed a memorandum of understanding, MOU with the International Finance Corporation, IFC for the funding of infrastructure projects within the petroleum and natural gas sectors. Egypt Today reported that the MOU is targeted at getting support for turning Egypt into a regional hub for petroleum and natural gas

NDB signs $300m loan agreement with DBSA for South Africa’s energy sector

The New Development Bank, NDB and Development Bank of Southern Africa, DBSA recently signed a $300 million Greenhouse Gas Emissions Reduction and Energy Sector Development Project loan agreement. According to Banker Africa, under the Greenhouse Gas Emissions reduction and energy sector development project, BRICS bank would support renewable

Brazil’s Petrobras to participate in Israeli gas tender- Israeli minister

Israel’s Energy Minister, Yuval Steinitz has said that Brazillian state-run oil firm, Petrobras will participate in the country’s latest tender for offshore oil and gas exploration. The agreement was made known during Brazillian President, Jair Bolsonaro’s four-day visit to Israel. The minister said “It was agreed that Petrobras, which is among
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