The German Africa Business Forum (GABF), whose goal is to strengthen investment ties between Germany and Africa, has announced a multi-million euro funding commitment to invest in German energy start-ups focusing on Africa in collaboration with private energy partners
Exploration
Qatar Petroleum takes 25 per cent stake in Eni-Total Kenya blocks
Eni and Qatar Petroleum (QP) have signed an agreement that will see the Qatari national oil company acquire a 13.75 per cent share in the exploration blocks L11A, L11B and L12, in deep offshore Kenya
Eni announces new production from the Western Desert, field discoveries onshore Egypt
Eni announces that production has started from South West Meleiha Development Lease, located in the Egyptian Western Desert, some 130km North of the oasis of Siwa
Globalstar satellites redefine the boundaries of connectivity in industrial IoT
Internet of things (IoT) solutions will be primarily driven by the manufacturing, process manufacturing and transportation industries, accounting for nearly a third of total worldwide spend by 2023, according to IDC’s IoT spending guide
Offshore project sanctions in 2019 to surpass 2014 numbers: Rystad
The offshore industry has turned a corner and can reach a potential project commitment total of US$123bn in 2019, surpassing commitments in 2014 of US$78bn
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