More renewable projects in the pipeline for GCC countries in 2018
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ENERGY NEWS
A focus on the Middle East & Africa
Exxon, Inpex to boost giant Abu Dhabi oilfield’s capacity
Abu Dhabi National Oil Co has announced plans to expand crude production capacity by a combined 280,000 barrels per day from two of its most prized fields in a move that could raise the state giant’s overall production capacity.
InfraCo Africa to develop Guinea’s Khoumagueli Solar project
InfraCo Africa, a part of the Private Infrastructure Development Group, has signed a joint development agreement worth US$3.1mn to develop the Khoumagueli Solar PV project in the Republic of Guinea.
ENI completes site selection for Nigeria refinery
Italian oil company ENI has completed site selection for a new refinery in Nigeria with a capacity of up to 150,000 barrels a day.
DXB energy retrofit project set to save $57m
Etihad Energy Service Company is undertaking a retrofit project to make Dubai International Airport more energy efficient.
Total’s 200,000 bpd FPSO arrives in Nigeria
Total’s Egina has arrived in Nigeria. The 330 meters long vessel has docked at LADOL Free Zone in Lagos, Nigeria, for final integration of topside modules built at the Free Zone.
Kuwait cuts target for overseas oil, gas output
Kuwait Foreign Petroleum Exploration Co. reduced its output target for oil and natural gas due to the drop in crude prices that began in 2014. Kufpec revised its production goal for 2020 downwards to 150,000 barrels a day.
Adnoc Distribution to expand into Dubai and Saudi Arabia in 2018
Adnoc Distribution will open its first service stations in Dubai and Saudi Arabia this year, an expansion boosted by the removal of subsidies on fuel.
ZPC gets $116m for Hwange project
Zimbabwe Power Company has secured $116 million from regional financial institutions to go towards its equity contribution for the expansion of Hwange Thermal Power Station.
Total to buy shares in Kenyan oil blocks from A.P. Moeller-Maersk
Total SA is buying shares in three Kenyan oil blocks from A.P. Moeller-Maersk - specifically Blocks 10BA, 10BB and 13T.
Off Grid Electric Secures $55 Million in Series D Financing
Off Grid Electric closed its Series D funding Friday with $55 million from Helios Investment Partners and GE's venture capital arm.
Saudi Arabia to tender around 4GW of renewable projects in 2018
Saudi Arabia has embarked on a programme to develop 9.5GW of renewable energy capacity by 2023. The Kingdom will tender around 4 gigawatts of renewable projects in 2018.
Sinopec says South Africa gives it conditional approval for Chevron assets
South Africa will stick with China’s Sinopec Corp as the preferred contender to buy Chevron’s assets in South Africa and Botswana after it made a fresh commitment to future investments in the country.
Oman signs deal for oil and gas exploration
Oman has signed a deal for oil and gas exploration with Petroleb, a Lebanese company, one month after Lebanon approved its first offshore energy exploration.
ExxonMobil acquires exploration rights for Ghana's Cape Three Points
ExxonMobil announced that it has signed a petroleum agreement with the government of Ghana to acquire exploration and production rights for the Deepwater Cape Three Points block.
More renewable projects in the pipeline for GCC countries in 2018
Arabian Gulf countries are expected to continue last year's efforts in developing renewables projects that will help them diversify their energy mix, especially as solar and wind tarrifs continue to fall.
Saudi Arabia shortlists bidders for first solar power project
Saudi Arabia has shortlisted bids by Acwa Power and a consortium operated by Marubeni, both selected by the Renewable energy Project Development Office (REPDO), to create its first solar power project.
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