ABB pays back Eskom for suspicious Kusile contracts
Eskom has struck a deal with ABB under which the engineering company will repay 1.56 billion rand ($103.1 million).
Eskom has struck a deal with ABB under which the engineering company will repay 1.56 billion rand ($103.1 million).
Access to capital is the major challenge facing sub-Saharan Africa’s energy sector.
As with the global industry, African exploration and production plans hit the COVID-19 and oil price-crash roadblock.
Engen has accounted for all personnel who were at its refinery, south of Durban, where an explosion took place on December 4.
Total has tested the Luiperd-1X well at a maximum rate of 9,820 barrels of oil equivalent per day, limited by surface equipment.
“Natural gas has a vital role to play alongside renewables” in Africa, African Infrastructure Investment Managers’ (AIIM) managing director Sola Lawson told Energy Voice.
Oil companies are on track to discover 10 billion barrels this year, despite the coronavirus pandemic temporarily halting exploration activity this spring, according to Rystad Energy.
South Africa’s solar leasing platform Sun Exchange has launched plans for expansion in Zimbabwe, providing power and storage for an agricultural exporter.
Shell is entering Impact Oil and Gas’ Transkei and Algoa exploration right offshore South Africa, shortly after the exit of ExxonMobil and Equinor.
Impact Oil and Gas has farmed in to Area 2, offshore South Africa, under a deal with Silver Wave Energy.
South Africa has approved Impact Oil and Gas to take over the Transkei and Algoa exploration right, and Tugela South exploration right, offshore South Africa.
Total has made a second discovery offshore South Africa in the Outeniqua Basin, following the Brulpadda discovery of 2019.
South Africa has approved Afro Energy to produce gas from its ER56 and ER38 licences for two years.
South Africa’s Transnet Pipelines has contained a crude oil spill in Durban caused by attempted theft.
South Africa has launched a reconstruction and recovery plan, with power provision one of the key initiatives for improvement.
Phakwe Group has become South Africa’s first majority black owned and controlled independent power producer (IPP), after buying into the Witkop solar park.
The Transnet National Port Authority (TNPA) has granted a licence to DNG Energy to begin LNG bunkering at Coega.
COVID-19 has delayed South Africa’s plans for a new upstream bill and exploration drilling in Mozambique.
Sasol has signed up to Operation Clean Sweep (OCS), intended to prevent plastic waste from entering the sea.
Eskom and the Department of Mineral Resources and Energy (DMRE) have come out in support of the National Energy Regulator of South Africa’s (Nersa) plans to secure new power generation.
Few companies are paying down debt while staying bullish on exploration plans, but Africa Oil is an exception.
A conveyor belt has broken at the Medupi power plant, in South Africa, leading Eskom to warn that any further breakdowns would spark Stage 2 load shedding at short notice.
Shell has struck a deal to farm into Kosmos Energy’s portfolio offshore Sao Tome & Principe, Suriname, Namibia and South Africa.
The energy sector in Sub-Saharan Africa faces numerous challenges, but there is also an increasing sense of urgency and opportunity for the development of the industry on the continent.
Eskom has announced Stage 4 load shedding as the power system struggles to keep up with cold weather-driven demand.