Why Africa’s energy transition is only happening in South Africa
The country is embarking on a vast expansion of its renewable energy capacity
South Africa remains the only African country developed enough that it can plan for an energy transition and decommission some of its power generation capacity to replace it with cleaner sources of electricity generation.Read More
African Infrastructure Investment Managers (AIIM) has announced it has successfully completed a capital increase of ZAR 5.5 bn for its IDEAS Managed Fund (IDEAS) dedicated to infrastructure financing in the SADC region.
Quilemba Solar is one of many utility-scale solar projects currently being developed in Angola, in line with the country's vision to commission up to 500 MW of renewable energy capacity between 2022 and 2025.
With a new record-high oil revenue in Q3 2021, Angola has collected over Kz 4.2 tn in oil revenue this year so far, data compiled by Hawilti from the country’s Ministry of Finance shows.
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Angola is currently sub-Saharan Africa’s most dynamic deep-water subsea market with majors such as TotalEnergies, Eni and BP involved in several subsea tiebacks and infill projects.
The project aims at turning Barra do Dande into the country’s main platform for the receiving, storage and distribution of petroleum products.
The 12.88 million tonnes per annum (mtpa) onshore terminal reached FID in 2019 and was under-construction when the Islamist insurgency in Cabo Delgado in the north of Mozambique forced TotalEnergies to shut down activity.
From January to April 2021, the country produced the equivalent of 620 kilos of diamonds, with the goal of reaching 9.1 million carats by 2022.
Angolan junior Sociedade Petrolífera Angolana (SOMOIL) has contracted the FALCON 1000HP drilling rig for drilling activities at the FS and FST license onshore Angola.
Globeleq has announced the completion of a ZAR 5.2 billion debt financing package for three of its renewable energy facilities in South Africa.
Large seismic programmes are currently being prepared offshore South Africa. They notably target the Orange Basin where TotalEnergies is about to spud Venus-1 (Namibia) and Azinam is about to spud Gazania-1 (South Africa).
Moody’s Investors Service had just upgraded the Government of Angola’s foreign and local currency long-term issuer rater from Caa1 to B3 while maintaining a stable outlook for the country.
TechnipFMC sees subsea opportunities across Nigeria and Angola totaling between $3bn and $5bn within the next 24 months, the company said during its Q2 2021 earnings conference call. The subsea market in the region will be heavily driven by TotalEnergies’ projects in Angola.
BOURBON has been selected by Shell to support its upcoming deepwater offshore exploration campaigns in Southern Africa. Last month, Shell had already selected the Valaris DS-10 drillship to drill in PEL 39 offshore Namibia and Block 6 in Sao Tomé.