US firm General Electric (GE) has announced plans to invest about $150 million in Nigeria, in development project, by 2017, an official from the institution said, cited by Reuters. “There are development projects where we are investing”, said Jay Ireland, Director General GE for Africa. The funding falls under a $2 billion investment programme of GE in Africa, in the years to...

China Fortune Land Development Co (CFLD) will invest $20 billion in the second stage of its project to build a new administrative capital in Egypt, a statement published on Oct. 3 by the Egyptian government reveals. Under the agreement signed by Cairo and the Chinese firm, the stage includes construction of housing and offices over 5,700 hectares. The project for the new administrative...

“Discussions have started regarding the creation of an university solely dedicated to cocoa and chocolate”. Those were the words of the Ivorian minister for agriculture and rural development, Mamadou Sangafowa Coulibaly who announced the upcoming creation of a cocoa-centered university. The university will provide “high quality training and research and improve productivity and revenues...

France’s Total has said that Africa could be a significant global market for imported liquefied natural gas (LNG) by 2025, as more countries targets gas-to-power projects. The world's second-largest and second-most-populous continent has been said to be gradually diverting to LNG as a source of global power. “It could be collectively a 20 to 30 million tonnes per year market by 2025. Africa...

Ivory Coast has signed a partnership deal to create a group led by Total for the construction of a liquefied natural gas (LNG) import terminal to start receiving gas shipments by mid-2018. The consortium will include Shell, Endeavor Energy, Ivory Coast’s state oil company Petroci, CI-Energies, SOCAR and Golar LNG with Total as the operator of the project. According to the Ministry of Energy,...

The Democratic Republic of Congo and Tanzania have entered into a memorandum of understanding (MoU) to explore the petroleum potential of Lake Tanganyika together. The agreement was signed in Dar es Salaam in the presence of Tanzanian President John Magufuli and Congolese President, Joseph Kabila. “We have already discovered oil in the western parts of Lake Albert, and there’s a great...

State-owned oil company Empresa Nacional de Hidrocarbonetos (ENH) has announced that it has entered into a sales agreement with BP for the sale of liquefied natural gas (LNG) from the South Coral field, in Area 4, offshore Mozambique. According to ENH, the operator of the field, Eni, also signed the agreement, Reuters reports. “The contract is valid for 20 years, covering the sale of all LNG...

  Seadrill Partners has received a notice of force majeure from Tullow concerning the West Leo rig contract for the TEN development project in Ghana. According to Seadrill, the notice which took effect from October 3, claimed the TEN field that the rig was hired for, has been subjected to a drilling suspension by the government of Ghana. The legally authorized suspension was put in place...

Portugal’s REN’s Sines LNG terminal situated on the Atlantic coast is expected to receive a cargo of liquefied natural gas from Algeria next week. The shipping data from the port of Sines shows that the 126, 132-cbm LNG carrier Mourad Didouche loaded the cargo at Algeria’s 16.3 metric ton per annum Arzew liquefied natural gas plant and is expected to be received in Portugal on October...

State oil firm, Gabon Oil Company (GOC), has signed its first oil production contract with the acquisition of the Mboumba field and hopes to make enough revenue soon, so as to compete with international firms for offshore blocks. The acquisition of the Mboumba field will mean GOC has production of around 1,500 barrels per day.“The Mboumba field... (was) signed a few days ago with the oil...