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Banks back 1 000 MW coal fired power project in Kenya 

By: John Muchira     5th August 2016 Standard Bank of South Africa has concluded a deal to finance a massive coal-fired power plant in Kenya. The bank will be financing the $2-billion with Industrial & Commercial Bank of China Ltd (ICBC) to finance the construction of the $2-billion coal power plant in Kenya that will have a... 

Exxon’s $2.5bn bid for PNG’s InterOil tops Oil Search

By: Bloomberg     18th July 2016 Exxon Mobil is doubling down on Papua New Guinea, topping a rival offer for InterOil, a gas explorer focused on the Southeast Asian nation. The energy giant’s offer values InterOil at $2.5-billion, including debt, beating an earlier bid from Oil Search and Total SA. Exxon already runs Papua New... 

British Columbia unable to support Kinder Morgan’s Trans Mountain Expansion

By: Henry Lazenby     11th January 2016 The British Columbia provincial government has stressed that it cannot support Kinder Morgan’s Trans Mountain Expansion project based on information submitted to the National Energy Board (NEB) panel reviewing the project. The provincial government stated on Monday that, during the course of the... 

Canada renews focus on alternatives to get crude to market

By: Henry Lazenby     10th November 2015 One good thing to come from the US's rejection of Canadian energy infrastructure operator TransCanada’s proposed Keystone XL pipeline, is the finality it brings to a drawn-out process spanning years, that could now perhaps provide the impetus needed to look for new opportunities to move Canadian... 

$2bn contract awarded for Kenyan coal-fired power plant 

By: John Muchira     26th September 2014 Efforts by the Kenya government to increase energy generation by 5 000 MW over the next three years received a major boost following the award of a $2-billion contract to build a coal power plant in Lamu.  Despite allegations of irregular tendering process, the Ministry of Energy awarded the... 

African oil and gas discoveries present new opportunities

By: Ilan Solomons     9th May 2014 Global provider of integrated shipping, logistics and marine services Gulf Agency Company (GAC) is aiming to increase its involvement in Angola’s oil and gas sectors. GAC Angola GM Michael Sturesson tells Engineering News that several major upstream projects are scheduled to start soon, which... 

Santos to pay $40m for stake in PNG prospecting licence

By: Esmarie Swanepoel     13th February 2014 A subsidiary of energy giant Santos has signed a deal with ASX-listed New Guinea Energy (NGE) to acquire a 50% interest in a petroleum prospecting licence, in Papua New Guinea, for $40-million. Under the sales agreement, Santos has agreed to fund NGE subsidiary Kirkland’s participating share of... 

Akin to railroads of the 1880s, oil pipelines poised to spur Canadian growth  

By: Henry Lazenby     26th July 2013 Canada is expecting a boom in oil production from its prolific Alberta oil sands deposits; however, production from the world’s third-largest proven oil reserves, after Saudi Arabia and Venezuela, is hampered by a lack of sufficient transport to markets, resulting in lower prices for Canadian... 

BP injects R105m into education

By: Natasha Odendaal     5th July 2013 Energy giant BP South Africa would invest R105-million over the next six years in a youth development programme aimed at bridging “the gap between high school and university”. The specially designed Targeting Talent programme would provide holistic talent development opportunities for more than... 

Pipeline operators required to have $1bn to cover potential spills

By: Henry Lazenby     26th June 2013 Canada’s Conservative federal government will, in future, require existing and new pipeline companies to have at least $1-billion financial capability on hand to cover any spills on Canadian soil. Natural Resources Minister Joe Oliver made the announcement in Vancouver on Wednesday, a week after... 

BC’s new Liberal government rejects Northern Gateway pipeline

By: Henry Lazenby     1st June 2013 The recently elected Liberal government of British Columbia (BC), under the leadership of Premier Christy Clark, has rejected the $5.5-billion Northern Gateway pipeline project on environmental concerns. Energy giant Enbridge’s pipeline project, which entailed the construction of two pipelines... 

Sasol to start construction on giant Sandton offices 

By: Natalie Greve     21st May 2013 The Sasol Pension Fund, in a 50:50 partnership with developers Alchemy Properties, will, this month, start construction on a ten-storey, 67 000 m2 office building at 2 Katherine Street, in Sandton. Once completed in the second half of 2016, it would be leased to energy giant Sasol, enabling the... 

Moz floods hit power exports

By: Sapa     24th January 2013 Floods in southern Mozambique have cut power exports to energy-hungry neighbour South Africa in half, an official said on Thursday. Key power lines to South Africa were damaged by the flooding of the Limpopo River, Hilary Joffe, a spokeswoman for South Africa's energy giant Eskom, told AFP. 

Commpany Announcement: LontohCoal to Issue 30 Million Shares to Fuel Exponential Growth

     6th November 2012 South Africa’s emerging energy giant, LontohCoal Limited, has announced placement of a tranche of 30 million shares with investors globally to raise ZAR360 million. 

Real Economy Report 

By: Creamer Media Reporter      25th October 2012 Energy giant Total South Africa has officially unveiled its first sustainable, energy-efficient service station as part of its local and international push towards a greener approach to its business. Engineering News’s Natalie Greve attended the launch to find out more.  

ExxonMobil to explore for CSG in Victoria

By: Esmarie Swanepoel     6th June 2012 Global energy giant ExxonMobil has signed a farm-in agreement with unlisted Ignite Energy Resources to take an initial 10% interest in an onshore exploration licence in Victoria. Over the next 12 to 18 months, ExxonMobil and Ignite will work together to evaluate and assess the natural gas... 

Germany’s new energy policy a complex puzzle

By: Karel Smrcka     30th March 2012 Germany's new energy policy includes far more than just phasing out nuclear power by 2022. The expansion of renewables like wind and solar power (which will account for 80% of the energy mix by 2050) and the reduction of greenhouse gases by 80% by 2050 will require a wide range of measures that... 

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