Tullow Oil, a British oil exploration company, has confirmed its commitment to investing Sh1.6 billion annually (approximately $10 million) in Kenya’s oil project. Despite facing challenges, including partner withdrawals, Tullow maintains its spending, now owning 100% of the project. The company submitted an updated Field Development Plan in March 2023, currently under review by the…
The interplay of geopolitical tensions, maritime security, and energy supply poses an intricate challenge with substantial consequences for global energy dynamics. Within the African context, the oil and gas sector holds a pivotal position in driving economic growth and development on the continent. Nevertheless, geopolitical events and disruptions in the supply chain have the potential…
The Kenyan government has been actively enacting changes in the power sector, influenced by multiple phases of reform. These changes involve separating policy from regulation, unbundling generation from transmission and distribution, and altering ownership and governance dynamics among sector entities. As part of extensive reforms in the power sector, Kenya has decided to transfer all…
The devaluation of a currency can have a substantial impact on power costs, impacting both consumers and businesses. When a country devalues its currency, it lowers the cost of its exports while increasing the cost of imports. This can result in higher prices for imported goods, including energy resources, thereby affecting power costs. Moreover, currency…
The Memorandum of Understanding (MoU) on Cooperation on Renewable Energy, signed between India and Nigeria, marks a significant milestone in the strategic partnership between the two countries. The MoU aims to foster policy alignment and create a favorable environment for renewable energy projects, emphasizing regulatory frameworks, incentives, and supportive policies. It mirrors the increasing economic…
Uganda is in negotiations with Alpha MBM Investments LLC, led by Sheikh Mohammed bin Juma Al Maktoum, for a $4 billion oil refinery project. The talks, expected to last about three months, aim to secure funding for the refinery’s operation by 2027. The project is crucial for Uganda’s economy and energy sector with the potential…
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In current Ghanaian news, the recent introduction of a 21% Value Added Tax (VAT) on end-user electricity tariffs has ignited considerable discussion and worry. The VAT is applicable to electricity consumption exceeding the specified maximum for block charges. The move has sparked criticism from consumers and the Consumer Protection Agency (CPA), who are concerned about…
The El Sharara oil field in southwest Libya, the largest in the country with Africa’s largest proven oil reserves, is operated by Akakus Oil Operations. With a daily capacity of over 300,000 barrels of light crude oil, the field has faced production disruptions due to factors like armed group interventions and local protests. El Sharara’s…
Schneider Electric is a leader in digital energy management, providing integrated solutions for businesses to optimize energy use and access systems remotely. One key solution is their energy management systems (EMS), which enhance monitoring and control, potentially reducing operational costs and carbon footprint. Schneider Electric’s donation to Don Bosco Kakuma supports renovating electricity labs and…
