First Independent Mena Newspaper
Europe is increasingly turning to Africa to find alternatives for Russian energy supplies it has shunned since the start of the war with Ukraine, while the United States, China and Russia are racing for economic influence on the continent. These four global powers are in a race to win over Africa, the continent’s market of […]
Chariot, a UK company that found gas offshore northern Morocco, and fuel distributor Vivo Energy agreed to work together to distribute natural gas to industrial customers in Morocco. “This agreement confirms the priority given by Chariot to the Moroccan energy market, expands upon our other existing sales negotiations around future offtakes for the gas from […]
The Nigerian National Petroleum Company (NNPC) Ltd, Africa’s biggest oil producer, has signed a memorandum of understanding (MoU) with a Norwegian company to build a floating LNG plant in the West African country to boost its domestic supplies and exports. Nigeria’s state oil giant has inked the MoU with Golar Liquefied Natural Gas Energy (GLNG) […]
Italian oil and gas major Eni started drilling new exploration well off the coast of Mozambique, while the country’s authorities have green-lighted the resumption of the $20 billion Cabo Delgado gas project, in which TotalEnergies owns an operating stake of 26.5%, The Italian oil and gas giant Eni is drilling its first exploration well in […]
Cameroon Wednesday denied any tension with neighboring Chad one week after Ndjamena recalled its ambassador in Yaounde for consultation. Chad on April 20 recalled its ambassador for consultation. The move, according to the Chadian authorities, came after Cameroon fussed about a decision by President Mahamat Idriss Deby to nationalize Esso Chad; a Chadian oil company […]
Abu Dhabi National Energy Company (TAQA) and Britain’s Octopus Energy Group have joined the Morocco-UK subsea energy interconnection project led by Xlinks. The two companies have invested 30 million pounds ($37.3 million). TAQA invested 25 million pounds and Octopus 5 billion, Xlinks said. “The huge potential of the Morocco – UK Power Project will help […]
Morocco’s transition to low-carbon economy requires an annual investment of $2.6 billion through 2030, rising to $17.4 billion annually by 2050, according to a report released by the World Bank The money will be spent on new clean energy solutions and technologies, explained the report titled: Scaling up to phase down: Financing Energy Transitions in […]
With more than 60% of Central Africa’s population having no access to electricity, the ambitious Central African Pipeline System (CAPS) project aims to change that with a network of pipelines, refineries and gas-fired power plants stretching across 11 countries in the region. However, the proposal by the Central Africa Business Energy Forum to build 6,500 […]
Morocco was cited as a good example in the Global Electricity Review 2022, thanks to its investments in wind power which now accounts for 17% of the country’s energy mix. The report, published by energy think tank Ember, highlights Morocco’s continental leadership in clean energy which outperformed the global average of 12%. The share of […]
Three opposition parties called for the creation of a fact-finding mission to look into imports of Russian diesel in Morocco with a focus on prices in fuel stations. Due to Western sanctions, Russian diesel is the cheapest on the market. But, some Moroccan consumers deplore that prices in fuel stations remain high. Opposition parties, PPS, […]