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LIBYA PLANS TO INCREASE OIL, GAS PRODUCTION TO 2 MLN BARRELS PER DAY OVER NEXT 3 YEARS.
Libya's National Oil Corporation (NOC) plans to boost daily oil and gas production to two million barrels within three years, focusing on recovery, refining, and private sector collaboration. Despite political challenges, the NOC has already increased production to 1.41 million barrels per day, showcasing significant progress in the country's vital oil sector.
- 1 year, 9 months
TANZANIA:POWER GENERATION CAPACITY REACHES 3,091.71 MEGAWATTS - HON. KAPINGA
TANESCO connected 109,918 new customers to electricity between September and December 2024, bringing the total to 5,225,193, thanks to improved infrastructure and increased generation capacity from projects like JNHPP. The Parliamentary Energy Committee commended TANESCO for enhancing power production, transmission, and distribution systems nationwide.
- 1 year, 9 months
AFRICA OIL ANNOUNCES RESULTS OF SHARE BUYBACK PROGRAM.
Africa Oil Corp. announced the repurchase of 517,300 common shares between January 13 and January 17, 2025, as part of its ongoing share buyback program, bringing the total repurchased shares to 3,609,300 since December 2024. The program, which allows for up to 18,362,364 shares to be repurchased by December 2025, is aimed at optimizing the company’s capital structure and enhancing shareholder value.
- 1 year, 9 months
LPG SHIPMENT FROM ALGERIA TO ARAB COUNTRY.
In a significant demonstration of energy cooperation among Arab nations, Algeria has sent a shipment of liquefied natural gas (LPG) to Tunisia to help meet the country's rising domestic demand.
- 1 year, 9 months
WORLD BANK SETS TERMS FOR AFRICA TO WIN $40BN IN POWER FINANCE.
The World Bank and African Development Bank (AfDB) have launched Mission 300, a $40 billion initiative to provide electricity to 300 million Africans by 2030, focusing on renewable energy and private sector involvement. Participating countries must implement reforms to attract investment, ensure cost-effective power generation, and develop universal energy access plans.
- 1 year, 9 months
AFRICA STARTS YEAR WITH A SMALL LNG OFFERING FOR THE WORLD.
Africa is beginning to unlock its LNG export potential, with BP launching first gas at the Greater Tortue Ahmeyim (GTA) project offshore Mauritania and Senegal after overcoming delays and challenges. This milestone highlights the continent’s capacity to execute complex energy projects, signaling its growing role in the global LNG market.
- 1 year, 9 months
Africa Energy Insights (AEI) is an African platform with latest news, insights and investment report of Energy Sectors. We bridging the gap and mobilizes investment in Energy resources for Sustainable and reliable Energy supply.