Tag: Energy Oil & Gas

Sasol agrees to sell 30% interest in ROMPCO to an acquisition vehicle

Frank

MOZAMBIQUE- Energy and chemical company Sasol South Africa (SSA), a subsidiary of Sasol, has concluded a sale and purchase agreement (SPA), to sell a 30% equity interest in the Republic of Mozambique Pipeline Company (ROMPCO), subject to pre-emptive rights by other shareholders. In a statement, Sasol said ROMPCO is a joint venture between SSA (50%), Companhia Mocambiçana de Gasoduto S.A. S.A.R.L (CMG) (25%) and South African Gas Development Company (SOC) Limited (iGas) (25%). The joint venture owns the 865km gas transmission pipeline from Mozambique to South Africa. The company said…

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Total appoints Stéphane Michel new renewables chief to lead its huge green energy push

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WORLD – French oil and gas giant Total, has appointed Stéphane Michel the president of Gas, Renewables  and Power (GRP) and a Total Executive Committee member, a position previously held by Philippe Sauquet, who has retired, the company has said in a statement. Before this latest appointment, Stéphane Michel was Senior Vice President. Middle East and North Africa, Exploration and production, a position he has held since January 2014. “The Gas, Renewables & Power segment has a key role to play in the growth, value creation, and transformation of Total…

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Rubis Energy completes rebranding of acquired petrol stations in Kenya

Frank

KENYA – Rubis Energy Kenya has emphasized its commitment to the Kenyan market with the transfer and rebranding of acquired Gulf Energy and KenolKobil petrol stations to the Rubis banner.  The move follows the unveiling of seven new rebranded petrol station in Nairobi and its environs. Rubis Energy Kenya Group Managing Director and East Africa Jean-Christian Bergeron said that the rebranding of the 220 petrol stations nationwide will ensure the sustainable accessibility of Rubis products. “Globally, we have a strong petrol station networks of over 1,065 units and we hope to…

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Sasol sells its Mozambique gas- to-power plant for US$145m

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MOZAMBIQUE – Chemicals group Sasol has sold its Mozambique gas- to-power plant Central Termica De Ressano Garcia S.A. (CTRG) to Azura Power for US$145 million In a press statement, Sasol says this transaction is part of its “ongoing, strategy aligned, asset divestment programme.” The disposal of CTRG follows its sale of a 50% stake in its newly-completed Lake Charles Chemicals Project in Louisiana, for US$2 billion to LyondellBasell, a global chemicals and plastics producer a few weeks ago. It has also sold its 50% interest in the Gemini high-density polyethylene…

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Mitsui & Co to sell all stakes in coal-fired power plants by 2030

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WORLD – Japanese trading house Mitsui & Co Ltd  plans to sell its remaining stakes in coal-fired power stations by the end of the decade as it shifts to gas from coal to help achieve its 2050 net zero emission target, its chief executive Tatsuo Yasunaga told Reuters. “We still own stakes in coal-fired plants in Indonesia, China, Malaysia and Morocco but our goal is to make it zero by 2030,” Mitsui CEO Tatsuo Yasunaga said in an interview with Reuters. The comment is Mitsui’s first on selling out of…

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Nigeria partners Israeli chemical manufacturing giant DOR group to boost ethanol production

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NIGERIA – The Federal Government of Nigeria has partnered with DOR Group, Israel’s leading manufacturer and marketer of methanol and MTBE products in the production of ethanol in the country. The two parties recently signed a Memorandum of Understanding to formalize the partnership which may result in Nigeria significantly enhancing its ethanol capacity in the near future. Nigeria’s delegation during the signing ceremony was led by Minister of Science and Technology, Ogbonnaya Onu, while DOR Group was represented by its Chief Operating Officer Vincent Asor.  The event was witnessed by…

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Italy’s energy giant ENI discovers new gas deposits in Egypt’s Mediterranean offshore region

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EGYPT –  A consortium of oil and gas drilling companies led by Italy’s Eni have discovered new gas deposits with a potential of producing 32MMscfd of Gas in Egypt’s offshore region. The announcement of the new discovery was made by Egypt’s Petroleum and Mineral Resources Minister Tarek El Molla who further noted that gas was discovered in a well drilled in Bashrush, in the North El Hammad concession. The North El Hammad concession is located in the conventional Egyptian waters of the Nile Delta at a site operated by Italian…

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Nigeria to construct AKK gas pipeline to boost domestic utilization

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AKK gas pipeline project

NIGERIA – Nigeria’s President Muhammadu Buhari has launched the construction of the 40-inch x 614km Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline project. The move according to Africa Energy Portal is in line with  Federal Government of Nigeria’s aspiration to boost domestic utilisation of gas in the country. The AKK gas project was conceptualised as an integral part of the Nigerian Gas Master Plan (NGMC), a gas infrastructure blueprint, which was approved by the Federal Executive Council in 2008. The AKK is ultimately designed to complement other major domestic gas transmission systems namely:…

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Nigeria launches project to provide underserved communities in with sustainable energy solutions

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NIGERIA – The Government of Nigeria, in partnership with the African Development Bank (AfDB) has launched the National Electrification Project (NEP), to address critical energy access deficits by channeling private sector investments into mini grid and off-grid solutions. The project, which will be implemented by Nigeria’s Rural Electrification Agency, comes as a boost towards the country’s efforts of achieving the target of universal energy access by 2030. The National Electrification Project will boost Nigeria’s electricity production by approximately 76.5 MegaWatts (MW), of which 68 MW will be solar generated. The…

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So Energy expands Ghana operations with launch of new retail station

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GHANA – So Energy Ghana, a Sahara Group company, has announced the unveiling of another retail station in Kasoa as part of its retail expansion drive. According to a statement from the company, the So Energy Kasoa fuel station located in the central region of Ghana is the tenth addition to the company’s portfolio in Ghana. “Our drive to increase the number of retail outlets in Ghana is in line with our vision to bring energy to life by providing access to clean, safe and efficient fueling solutions to drive…

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