Presidency

Energy


Japanese firm, Seychelles to conduct joint surveys for oil, gas

news.yahoo.com - Mon, 21 October 2013

VICTORIA (Reuters) - Japan's state oil firm has signed an agreement with Seychelles to survey offshore from the Indian Ocean country, as interest in exploring for oil in the region increases. In June, Seychelles invited oil and gas companies to bid for exploration blocks, ending a two-year moratorium and introducing new rules for bidders after completing a review of laws regulating the sector. ...more

Seychelles, Mauritius plan joint offshore oil, gas exploration

Arab News - Tue, 20 August 2013

NAIROBI: Seychelles and Mauritius plan to jointly explore for petroleum in an area in the Indian Ocean that they both own. East Africa has become a focal point for exploration after oil discoveries in Uganda and Kenya and natural gas deposits in Tanzania and Mozambique. "An Authority will be established to deal with the Licensing and to oversee the activities in the Joint management Area. All revenues will be split 50:50," Eddy Belle, chief executive officer of Seychelles upstream regulator PetroSeychelles said in an emailed response to questions from Reuters ...more

Seychelles, Mauritius Plan Joint Offshore Oil, Gas Exploration

www.rigzone.com - Mon, 19 August 2013

NAIROBI, Aug 19 (Reuters) – Seychelles and Mauritius plan to jointly explore for petroleum in an area in the Indian Ocean that they both own. East Africa has become a focal point for exploration after oil discoveries in Uganda and Kenya and natural gas deposits in Tanzania and Mozambique. ...more

Winds of change as Seychelles embraces green power

Agence France Presse (AFP) - Sun, 30 June 2013

VICTORIA, Seychelles — On two islands surrounded by deep turquoise water, the blades of eight wind turbines spin, providing a rare source of green energy for the port of Victoria, the Seychelles capital. The popular tourist archipelago far out in the Indian Ocean is almost entirely dependent on imported fossil fuels for power, but is now embracing renewable energy. ...more

Seychelles plugs in to renewables with 6MW wind farm

The SMA fuel save solution - Tue, 18 June 2013

Abu Dhabi renewables company Masdar – majority owner of the world’s largest concentrating solar power plant, which launched in March – has today announced the launch of a 6MW, eight-turbine wind farm in the Republic of Seychelles, marking the first ever renewables project for Africa’s smallest nation. The wind farm – which was developed by Masdar and funded by the Abu Dhabi Fund for Development (ADFD) – is sited in Port Victoria, and will account for 8 per cent of the energy capacity of the main island of Seychelles, Mahé, which is home to 90 per cent of the country’s population. ...more

Seychelles flicks switch on first renewable energy project

BusinessGreen - Tue, 18 June 2013

Abu Dhabi's state-owned green energy company Masdar yesterday cut the ribbon on the Seychelles' first major renewable energy project, designed to help the archipelago curb its reliance on expensive and carbon-intensive diesel generators. The 6MW wind farm in Port Victoria is expected to displace 5,500 tons of carbon dioxide a year by reducing the need for 1.6 million litres of diesel fuel. As diesel accounts for a quarter of the island nation's imports, the move is expected to significantly cut energy bills. ...more

Masdar launches Wind Farm in Seychelles

Arabian Gazette - Mon, 17 June 2013

Masdar, Abu Dhabi’s renewable energy company, and the Abu Dhabi Fund for Development (ADFD) today launched a 6-megawatt, eight-turbine wind farm in the Republic of Seychelles. The Port Victoria Wind Farm accounts for 8 percent of Mahé Island’s energy capacity (the main island of Seychelles) which is home to 90 percent of the country’s population. The project was developed by Masdar and funded by ADFD. The clean energy generated by this first renewable energy project in the Seychelles, will displace 5,500 tons of carbon dioxide annually, power more than 2,100 homes and save 1.6 million litres of fuel per year. ...more

Seychelles offers oil/gas exploration blocks, new rules in place

www.reuters.com - Tue, 11 June 2013

VICTORIA, June 11 (Reuters) - Seychelles has invited oil and gas companies to bid for exploration blocks, ending a two-year moratorium and introducing new rules for bidders after completing a review of laws regulating the sector. East Africa has become a focus for exploration after oil discoveries in Uganda and Kenya as well as natural gas finds in Tanzania and Mozambique. Seychelles is attracting interest but had put off licensing more blocks until it reviewed its laws. ...more

Seychelles to change oil laws, invite exploration bids

www.reuters.com - Wed, 13 March 2013

VICTORIA, March 13 (Reuters) - Seychelles plans to revamp its model petroleum production sharing agreements before inviting oil and gas companies to bid for exploration licences from May 2013, an energy official said. East Africa has become a hotbed of exploration after oil discoveries in Uganda and Kenya, as well as natural gas finds in Tanzania and Mozambique. Seychelles is attracting interest ...more