Africa business news

Qatar Petroleum (QP) said it will lead exploration projects of oil and gas in Morocco and Cyprus as it seeks to compensate for sluggish growth at home by expanding its …

Qatar Petroleum to Explore Oil & Gas in Morocco Read More

The scheme involves a total private sector commitment of $7.9bn, making it the biggest investment in Ghanaian history. It will supply gas to 1,100 MW of new gas-fired generating capacity …

Ghana: Sankofa gas project secures $300m funding Read More

Oil supermajor Shell is looking to integrate renewables into its operations across sub-Saharan Africa, a senior company official said. Shell’s new business development manager for the region, Tayo Ariyo, urged …

Shell eyes role for renewables alongside African oil & gas Read More

WORLDWIDE: Vestas reported a net profit of €965 million for 2016, up from €685 million in the previous year. The Danish company said its turbine order intake stood at 10,494MW …

Record year for Vestas as wind beats oil and gas for Dong Read More

The Federal Government has set a target of attracting more than $10 billion of fresh investments in the oil and gas industry in the next five years, Minister of State …

Nigeria targets $10 billion new oil, gas investments in five years Read More