Algeria, Italy sign deal to extend gas supply for 10 years

Algeria's oil giant Sonatrach and Italy's Eni on Thursday signed two agreements on the purchase and transport of natural gas for 10 years to come, the Algeria Press Service (APS) reported.

The agreements were signed by Sonatrach's President Rachid Hashichi and Eni's Managing Director Claudio Discale at the headquarters of Sonatrach in Algiers, according to a statement by the Algerian company.

The"...

BBOXX and Victron Energy to deliver pay-as-you-go solar solutions in DR Congo

BBOXX, a provider of off-grid solar home solutions for rural communities in Africa has entered into an agreement with Victron Energy to provide solar solutions to households across Democratic Republic of Congo.

The technical collaboration with BBOXX forms part of a Victron Energy strategy to provide outstanding solutions to the pay-as-you-go, PAYG, market. Quality of the system components is a key requirement to ensure consumer satisfaction as well"...

Angola’s President Invites Investors to Cash in on Country’s Oil and Gas Industry

Angola’s President, João Manuel Gonçalves Lourenço has encouraged investors to cash in on the country’s ever-expanding oil and gas sector. The Head of State has called on businesspeople, both domestic and international to take advantage of Angola’s growing potential.

His sentiments come at a time when Angola has adopted a new era of oil and gas through reforms and transparency of tenders.

President"...

Council of Non-Hydrocarbon Export constitutes a “step forward”

ALGERS- Minister of Commerce Said Djellab said Saturday in Algiers that the installation, on Saturday, of a National Consultative Council for the Promotion of non-hydrocarbon exports “constitutes a step forward.”

In a statement to the press, Djellab has qualified the Council installation ceremony as a “landmark day,” adding that its creation “constitutes"...

ExxonMobil Provides $100,000 to Support Relief Efforts in Mozambique Following Cyclone Kenneth

(AETOS Wire)-- ExxonMobil said today that it is providing $100,000 to support disaster relief and recovery efforts in Mozambique following Cyclone Kenneth, which made landfall on April 25. The $100,000 contribution will go to the American Red Cross, which will coordinate its assistance with the Mozambique government’s National Disasters Management Institute in support of ongoing rescue efforts and for food, shelter and comfort for the storm’s victims. “We are deeply saddened by the impact of Cyclone Kenneth on Mozambique and surrounding countries,” said Liam Mallon, president of ExxonMobil Upstream Oil & Gas Company. “The devastation from cyclones Idai and now Kenneth have been widespread, and this funding will help provide relief during a very difficult time. Our thoughts are with everyone affected.” ExxonMobil employees and contractors have been reported safe following the cyclone. Since Cyclone Idai, ExxonMobil has contributed more than $400,000 in support of recovery efforts in Mozambique. In Mozambique, ExxonMobil holds......

The Smarter E Europe – Explore Sector Coupling for Yourself at Europe’s Largest Platform for the Energy Industry

(AETOS Wire)-- The innovation hub The smarter E Europe, encompassing the exhibitions Intersolar Europe, ees Europe, Power2Drive Europe and EM-Power, was launched in 2018 and has seen impressive growth ever since. It will be held for the second time from May 15–17, 2019 at Messe München and will now cover 10 exhibition halls, making it Europe’s largest energy industry event.

This growth is"...

Siemens Diversifies to Non-oil, Gas Sectors

Ernest Chinwo in Port Harcourt
Siemens Nigeria has said it plan to diversify its power services business to the non-oil and gas sectors to cushion the effect of fluctuations in the oil and gas industry as well as foreign exchange in the country.

Speaking to THISDAY, the General Manager, Power Services Business, Siemens Nigeria, Seun Suleiman, said the company has invested over €3.5million to open a fully equipped workshop in Port Harcourt"...

EETC, IFC to set up 700 megawatt solar plant west of Nile

The Egyptian Electricity Transmission Company (EETC) and the International Finance Corporation (IFC) have signed an agreement to set up a 600 megawatt solar power station in west of the Nile under the Auction system.

Sabah Mashaly, chairman of the EETC, said the deal comes as part of the electricity ministry's efforts to expand renewable energy projects and encourage the private sector to engage more in these investments.

This"...

In Algeria, the Brotherhood sets its sights on the country’s black gold

DUBAI: Algeria is a land rich in natural resources, and where there is wealth, corruption and greed often follows.
Amid the political uncertainty following the removal of Abdelaziz Bouteflika after 20 years as president, and the continuing protests demanding a change to the political system, analysts believe there is fertile ground for a group that specializes in both — the Muslim Brotherhood.
“Part of the Muslim Brotherhood’s plan is to control vital targets, and they have long eyed energy resources"...