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Engen Buys into Mauritius Jet Fuel Market

Engen, the African energy multinational, has bought a 15% ownership stake in the JUHI jet fuel storage facility at the Sir Seewoosagur Ramgoolam International Airport (SSRIA) near the Mauritian capital of Port Louis.  Joan Njoroge, managing director of Engen Petroleum Mauritius, explains that jet fuel storage facilities are most often run in consortia, to minimise the number of depots and therefore airport security risks. “Co-ownership puts Engen on a competitive footing with other oil companies.” 

Sahara Group States Position on Offshore Processing Agreement (OPA) and Unfolding Events in the Oil & Gas Sector

Our attention has been drawn to the article in This Day Newspaper published in Nigeria on the 7th of June 2015with the headline: "Oil Traders, NNPC officials Interrogated, Watch Listed in Major Investigation."

Dana Gas Commences Drilling Campaign in Egypt

Dana Gas, the Middle East’s leading regional private sector natural gas company, is pleased to confirm that it has commenced drilling the Balsam-2 development well in the Balsam Development lease onshore Nile delta. The Balsam-2 well is being drilled with the 2000 HP Egyptian Drilling Company’s Rig #48 and targets the Qawasim formation at a depth of 3200 m. 

Mainstream Renewable Power Awarded 250MW of Wind Energy Projects in South Africa Government Tender

A consortium led by global wind and solar company Mainstream Renewable Power was today awarded Preferred Bidder status by the Department of Energy in South Africa for two large-scale wind energy projects with a total generation capacity of 250 megawatts. The award was made under the fourth round of the South African Government's Renewable Energy Procurement Programme and the two wind farms represent an investment of approximately USD469 million. The date for financial close has not yet been released by the Department of Energy.

American Capital Energy & Infrastructure Announces Commitment to Invest in West Africa's Largest Wind Farm

American Capital Energy & Infrastructure ("ACEI") announced today a commitment to invest in Senegal's first industrial-scale wind power project and the largest wind farm planned in West Africa.  The project will help the country reduce its reliance on high-cost oil-fired power generation.  The total capital cost of this facility is estimated at €305 million, with ACEI anticipating to provide an estimated €76 million of equity and the remainder expected from senior and mezzanine lenders.

SunEdison Awarded 371 Megawatts across Five Solar Projects in South Africa

SunEdison, Inc. (NYSE: SUNE), the world's largest renewable energy development company, today announced it has been awarded an additional five solar photovoltaic projects in South Africa, totaling 371 megawatts (MW) DC. This award stems from the extended capacity announcement for the fourth bid round of the Renewable Energy IPP Procurement (REIPPP) Programme organized by South Africa's Department of Energy (DOE), in which SunEdison previously announced that it had been awarded an 86 MW solar project. In total, SunEdison has won 457 MW across six solar power projects in South Africa's fourth round of the REIPPP Programme.

Canadian Overseas Petroleum Limited Announces Liberia Update

Canadian Overseas Petroleum Limited ("COPL" or the "Company") (TSX VENTURE:XOP) (LSE:COPL); along with its partner, ExxonMobil, remain committed to completing their work program and obligations under the LB-13 amended and restated Production Sharing Contract ("PSC") dated March 31, 2013. NOCAL and ExxonMobil, the operator, continue to meet regularly to discuss operations, Community and Social Responsibility activities and the fulfillment of the LB-13 work program, which has been affected by the Ebola Crisis.

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