Thursday, November 21African Digital Business Magazine

Tag: Gas

8Oct By The African Press OrganizationNo Comments
African News, Sierra Leone

The Parliament of Sierra Leone has ratified the award of offshore exploration blocks for ODYE Limited with partners, Chevron and Noble Energy

    “The two exploration blocks, SL-08A and SL-08B, have been combined into one concession and are located between 75 and 110 miles (120 and 180 km) southwest of the capital of Freetown and cover a combined area of about 2,100 square miles (5,500 sq. km). (CNW Group/ODYE Limited)”. LONDON, Oct. 8, 2012 /PRNewswire via African Press Organization (APO)/ — ODYE Limited (“ODYE” or the “Company”) is pleased to announce that the Sierra Leone Government has awarded ODYE’s subsidiary, ODYE (SL) Limited, a participating interest in two offshore deepwater exploration blocks, SL 8A-10 and SL 8B-10, along with its partners, Chevron and Noble Energy. ODYE’s 100% owned subsidiary, ODYE (SL) Limited, has signed a petroleum license with Sierra Leone’s Minister of Finance on 21 Septembe...
Read More
22Aug By Africa BusinessNo Comments
African News, South Africa News

SA’s National Development Plan promises greatness

  By Thandisizwe Mgudlwa SOUTH AFRICA's revised National Development Plan (NDP) could be the foundation for a new age of co-operation between business and government, a leading business organisation believes. It is the Cape Chamber of Commerce and Industry which has welcomed the NDP as a progressive step for the prosperity of South Africa. Michael Bagraim, President of the Chamber said: “We think the priorities are right and we are confident that there will be broad support from business as the plan is implemented.” He said the Chamber agreed with the recommended approach to education which was designed to improve the management of schools and reward those schools which produced significant improvement in their results. “This has to be the starting point for the future ...
Read More
23Jul By Africa BusinessNo Comments
African News, Nigeria News

Kola Aluko Hails $4.5 Billion Deal for New Refineries

  LONDON, July 23, 2012 /PRNewswire/ -- The Nigerian government has signed a Memorandum of Understanding with US firm Vulcan Petroleum Resources and Nigeria's Petroleum Refining and Strategic Reserve to build six new oil refineries in a deal worth $4.5 billion. Two of the plants, each of which will have a capacity of 30,000 barrels per day, are set to be operational within a year. Nigeria - Africa's top oil producer - has been held back by its lack of refining capacity, which has made it a net importer of processed crude and subject to global price fluctuations. Until recently, a generous fuel subsidy protected consumers from high import prices. Though not yet lifted entirely, six months ago President Goodluck Jonathan announced that this support was no longer affordable. Fund...
Read More
17Jul By AfricaBusiness.comNo Comments
African News

Instant Asset Tracking for Enhanced Security Heightens RFID Usage in Data Centers, Observes Frost & Sullivan

Corporate accountability regulations compel data centers to invest in RFID to maintain and manage their IT assets MOUNTAIN VIEW, Calif., July 17, 2012 /PRNewswire/ -- The growing requirement for faster and more accurate tracking and tracing of IT assets in data centers is prompting data center operators and hosting service providers to increasingly adopt radio-frequency identification (RFID) technology. This technology can rapidly locate, identify, and track assets without needing a clear line of sight, thereby reducing manual labor and errors. New analysis from Frost & Sullivan (http://www.autoid.frost.com), Analysis of RFID in the Data Center Market, finds that the market earned revenues of $96.3 million in 2011 and estimates this to reach $952.6 million in 2017, with the widespread...
Read More
17Jul By AfricaBusiness.comNo Comments
African News, Botswana News, Equatorial Guinea

Equatorial Guinea Leads Africa In Per Capita Health Investment

Improvement of public health and health infrastructure is a national priority in Equatorial Guinea. MALABO, Equatorial Guinea, July, 2012 /PRNewswire-USNewswire/ -- Equatorial Guinea and Botswana lead Africa in per capita investments in health care, according to a World Health Organization (WHO) report, but the gap in spending between Africa and the rest of the world is still a concern.  The statistics are from the WHO's 2012 Health Financing and Health MDGs (Millennium Development Goals) Scorecard and Africa's first Multi Year Health Financing Trends Analysis. The surveys show Equatorial Guinea's per capita annual spending at $612 and Botswana's at $442. The survey results were presented by Rotimi Sankore to the WHO's Joint Conference of Finance and Health Ministers, which met in Tunis Ju...
Read More
16Jul By AfricaBusiness.comNo Comments
Africa Travel, African News, South Africa News

How is electricity in South Africa affecting the tourism industry?

  by Corlia Goosen Company: Discover Africa Telephone:  021 422 3498 The growth of the business sector and industry along with the population leaves electricity supply short in some parts of the country. An increasingly high demand creates high volumes of output providing South African’s with a grid that struggles to cope and unable to function crashes under pressure. Comparing to electricity in Africa, South Africa is way ahead of the masses and leading the way. Electricity in South Africa: Linking Coal and Tarrifs According to iAfrica.com Business, Public Enterprises Minister Malusi Gigaba said on Thursday 14 June, that the South African government is considering declaring coal a strategic resource, "We are engaged in discussions with the ministers of mineral resources ...
Read More
9Jul By AfricaBusiness.comNo Comments
African News

Growing MENA-MED Oil and Gas Market Attracts Investors

GENEVA, July 9, 2012 /PRNewswire/ -- 9th MidEast-North Africa Mediterranean Upstream Conference - focuses on new opportunities With huge gas finds in the Mediterranean, new gas-LNG ventures afoot, accelerating acreage leasing and major capital investment projects across the region, the Middle East and North African oil and gas market remains one of the biggest and most dynamic energy markets in the world. Therefore, the regional exploration, oil/gas-LNG and energy game attracts a growing number of companies and investors who find new business opportunities. The conference in Geneva focuses on the exploration and development ventures of national oil companies, governments and companies in this vast and complex region. New opportunities have attracted greater commitments from super-majors, a...
Read More
7Jul By AfricaBusiness.comNo Comments
Energy, Green Energy, Mauritius News

Solamon Enters Mauritius Market; Set to Provide Large-Scale Solar Energy Projects

  Solamon enters Mauritius market; set to provide large-scale solar energy projects. Toronto, Canada, July 07, 2012 --(PR.com)-- Earlier today Jay Yeo, President, Solamon Energy Corp., proudly announced the company has entered The Republic of Mauritius and over the next few months will aggressively pursue its goal to sell large-scale solar arrays across fields, parking lots and rooftops on this sun-rich island nation located in the Indian Ocean. "It is in fact our first foray into Africa," adds Yeo, from his office in Toronto, "and we are working closely with several partners to effectively communicate our intentions to business and government leaders." Mauritius has no known oil, natural gas or coal reserves, and therefore currently depends on imported petroleum products to meet...
Read More