The government of Cameroon has signed a letter of intent for the Grand Eweng hydropower project. The letter was signed between Ministry of Water and Energy (MINEE) and Hydromine, and Eneo Cameroon (ENEO).

The letter of intent defines the cooperation among the parties to finalize the terms of a power purchase agreement between the Grand Eweng project company to be formed and ENEO, under the supervision"...

JAKARTA – The Indonesian public company of oil “PT Pertamina” just unveiled its growth plan in Algeria, seeking 10% increase in oil and gas production before the end of 2020.

“The current production of oil is 20,000 barrels a day and is expected to reach between 22,000 and 23,000 barrels a day,”"...

The Kenya Revenue Authority (KRA), a State agency responsible for the assessment, collection and accounting for all revenues owed to the country’s government, has seized 144 drums of imported ethanol at the Port of Mombasa, which had been mis-declared as 1,000 bags of cement.

Customs officers have also seized a high-end motor-vehicle, a Range Rover Sport, suspected to have been stolen from"...

Goil has entered into a joint venture with Societe Multinationale de Bitumes (SMB) of Cote d’Ivoire to construct a $35 million bitumen plant in Tema.

The plant, which has the capacity to produce 8,000 tonnes of Polymer Modified Bitumen (PMB) and Bitumen Emulsion, is expected to be completed in two years.

Presently,"...

GENEVA — Venezuela charged on Friday that US-led sanctions had stopped foreign debt refinancing, blocked vital food and medicine imports, and cost billions of dollars in lost oil assets.

Vice Foreign Minister William Castillo also rejected censure by United Nations human rights chief Michelle Bachelet and denied there was a humanitarian crisis in the leftist-led OPEC member state whose economy has imploded.

President Nicolas Maduro's government"...

LEKOIL, the oil and gas exploration and development company with a focus on Nigeria and West Africa more generally, is pleased to announce the Otakikpo Joint Venture (JV) between Green Energy International Limited ('GEIL') and LEKOIL (with LEKOIL as Technical Partner).

The JV has signed a Memorandum of Understanding ('MOU') with Schlumberger and a subsidiary of a major international"...

Kuwait Oil Company (KOC) and Halliburton (NYSE: HAL) today announced the companies have signed an Integrated Offshore Drilling Services contract for six high-pressure high-temperature (HPHT) exploration wells on two jack-up rigs in the Arabian Gulf. Through Halliburton Project Management, the Company will provide and manage drilling, fluids, wireline and perforating, well testing, coring, cementing, coiled tubing, and all offshore logistical services. Additionally, Halliburton"...

H E Saad bin Sherida Al Kaabi, the Minister of State for Energy Affairs and the President and CEO of Qatar Petroleum (QP) has confirmed that QP and Chevron Phillips Chemical Company, which have partnered to develop the Middle East’s largest ethane cracker in Qatar, will be using the best available technology in the world in the upcoming project aiming to minimise its impact to the environment.

Minister"...

Italy's Enel has agreed to extend its Algerian gas import deal with state-owned Sonatrach to 2028, with the possibility of adding a further two years to the agreement at a later date, the utility said Wednesday.

Enel's existing long-term gas import deal with Sonatrach from 1997 -- which was originally for some"...

Vivo Energy, the pan-African retailer and distributor of Shell and Engen-branded fuels and lubricants, has agreed to form a non-fuel joint venture to accelerate the roll-out of KFC restaurants in Kenya, Uganda and Rwanda.

The 50:50 joint venture will manage and operate the restaurants in the three markets on behalf of Kuku Foods East Africa Holdings (Kuku Foods), who will remain the local KFC franchisee."...