Natural Gas Hawilti+ 

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The US is contemplating increasing debt provided to South Africa’s leading gas, LNG, and helium project


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The United States’ International Development Finance Corporation (DFC) is evaluating an increase of its loan to Renergen’s Virginia Gas Project in South Africa by up to $500m. The development finance institution (DFI), previously known as Overseas Private Investment Corporation (OPIC), had already provided $40m in debt to finance Phase 1 of the project. Its growing […]

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Nigerian companies team up to provide gas to West Africa’s leading industrial hub


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The Lagos Free Zone (LFZ) has officially signed earlier today a Gas Infrastructure Development Agreement with Optimera Energy FZE to develop its own gas distribution network. The new project gathers some of Nigeria’s leading gas players around a new venture committed to promoting gas-based industrialisation. West Africa’s leading industrial hub needs gas Located on the […]

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Sasol launches $5m CNG fund with Mozambique’s National Investment Bank (BNI)


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To support gas monetization in Mozambique, Sasol has signed today an agreement with the country’s National Investment Bank (BNI) and the Ministry of Mineral Resources and Energy to set up a $5m fund for the development and expansion of compressed natural gas (CNG) projects. The fund will be financed by Sasol and managed by BNI […]

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Hawilti launches gas research programme on Nigeria


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Hawilti has marked the launch of its gas research programme on Nigeria with the release of a comprehensive investment report on the country’s natural gas sector earlier this week. The 2022-2023 programme seeks to analyse the growth of Nigeria’s natural gas value-chain in light of current regional and global market dynamics. While the Nigerian government […]

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Worley awarded FEED Phase II contract for Nigeria-Morocco Gas Pipeline


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Worley has announced that it has been awarded a contract to provide main front-end engineering design (FEED Phase II) services for the 7,000km Nigeria-Morocco Gas Pipeline (NMGP) project. The feasibility study and FEED Phase I were previously completed by Penspen. The project is led by Morocco and Nigeria’s national oil companies, the Office National des […]

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Invictus Energy commits to more gas exploration onshore Zimbabwe


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Geo Associates, who is about to drill in Zimbabwe what is believed to be the largest undrilled structure onshore Africa, has just committed to a second well this year. The company is a subsidiary of Australian independent Invictus Energy and holds an 80% interest in SG 4571 over the Cabora Bassa Basin in northern Zimbabwe. […]

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World’s second largest granulated urea plant commissioned in Nigeria


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Yesterday, President Muhammadu Buhari commissioned Africa’s largest granulated urea plant and the second biggest in the world in Ibeju Lekki. The Dangote Fertilizer facility has a capacity of 3 million tonnes per annum (mtpa) and is now making Nigeria self-sufficient in fertilizers, with extra capacity reserved for exports. “We have already started exporting to the […]

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Natural Gas Upstream Hawilti+ 

OML 113 transferred to new operating vehicle as partners prepare for gas redevelopment offshore Lagos


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After two years of delay, the Nigerian authorities have finally approved PetroNor’s acquisition of Panoro Energy’s subsidiaries in Nigeria, Pan-Petroleum Services Holding BV and Pan-Petroleum Nigeria Holding. The deal was initially inked in October 2019 and had been awaiting government consent since then. Through this acquisition, PetroNor is acquiring Pan Petroleum Aje Ltd, which holds […]

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Chariot announces significant gas discovery at Anchois-2 offshore Morocco


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AIM-listed Chariot has confirmed the presence of significant gas accumulations in the appraisal and exploration objectives of its Anchois-2 well within its Lixius License offshore Morocco. Preliminary interpretation of the data has identified a calculated net gas pay totaling over 100m (compared with 55m at Anchois-1). At Anchois-2’s appraisal target, a continuation of a reservoir […]

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Chariot starts drilling offshore at Morocco’s flagship gas project


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Chariot has announced today the commencement of drilling operations at its Lixus license offshore Morocco. The campaign will drill and complete the Anchois-2 gas appraisal and exploration well and re-enter the previously drilled Anchois-1 gas discovery well, with a view of fast-tracking the offshore gas development of Anchois. The Stena Don drilling rig is mobilized […]

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Tanzania: ORCA Energy submits $50m capex plan for Songo Songo development next year


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The ORCA Energy Group has planned a $50m capex for the continued development of the Songo Songo gas project in Tanzania next year. Via its subsidiary PanAfrican Energy, ORCA operates the wells and gas processing plant at the Songo Songo island in central Tanzania. The 2022 programme includes $20 million for a 200 km2 3D […]

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Nigeria: 188 MW Aba Integrated Gas-to-Power Project gets $50m boost from Afreximbank


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Last week during the second Intra-African Trade Fair in Durban, the African Export-Import Bank (Afreximbank) signed a $50m term loan facility with Geometric Power Limited for its Aba Integrated Power Project in Nigeria. The facility will notably help finance the initial capital required to acquire rights to the Aba Ring Fenced Area within which electricity […]

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Invictus Energy completes 2D seismic over Cabora Bassa onshore Zimbabwe


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Invictus Energy has completed the acquisition of 839.3km of high-resolution 2D seismic data as part of its Cabora Bassa 2021 (CB21) survey onshore Zimbabwe. This significantly exceeds the company’s minimum work programme of 300km of 2D seismic data over its Special Grant 45 71 (SG 4571) license that runs to June 2024. 402.2km of data […]

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Renergen’s shares take off after 600% increase in reserves at South Africa’s Virginia Gas Project


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Renergen’s shares have been up +43.14% on the Australian Securities Exchange (ASX) and +31.27% on the Johannesburg Stock Exchange (JSE) since Friday. The most significant jump happened today with an increase of almost +30% on the ASX and +15% on the JSE after the company reported a 600% increase in its 1P helium reserves in […]

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Gabon exposes clear vision on what to do with its natural gas


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Gabon is thought to hold anywhere between 3 to 5 trillion cubic feet (Tcf) of gas, although the country remains a small gas producer. To date, most of its gas has remained on the ground or flared – with only small quantities monetised domestically for power generation in Libreville and Port Gentil. But as Gabon […]

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Gabon on the move: what you need to know ahead of the Gabon Oil, Gas & Energy Summit in Libreville this week


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Nested in the Gulf of Guinea, Gabon has built itself a reputation of environmental stewardship and sustainable development of its natural resources. The country of less than 2.5m notably hosts Africa’s largest forest elephant population and is covered at 88% by rainforest. Despite being an established offshore hydrocarbons province, Gabon is steadily diversifying away from […]

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Natural Gas Upstream Hawilti+ 

Orca Energy to execute $21.4m workover programme in Tanzania


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PanAfrican Energy Tanzania, the subsidiary of the Orca Energy Group that operates the wells and gas processing plant at Songo Songo in Tanzania, has signed an agreement with Exalo Drilling for the workover of three onshore wells. Activities are set to start in September 2021 on Songo Songo Island. The 2021 workover programme will notably […]

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Natural Gas Upstream Hawilti+ 

APT receives 2-year extension to meet gas exploration targets onshore Tanzania


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ARA Petroleum Tanzania (APT), which took over the operatorship of the onshore Ruvuma PSA in Tanzania last year, has received a two-year extension of the license. The granting of the extension was necessary to complete key exploration activities on the block, including the acquisition of 200 km2 of 3D seismic data and the drilling of […]

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President Buhari has signed Nigeria’s Petroleum Industry Bill into law


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It took almost two decades, two historic crashes in commodity prices and two recessions for Nigeria to finally adopt its new Petroleum Industry Bill. Following its passing at both chambers of Parliament in July, the bill was officially signed into law by President Buhari today. The bill is expected to provide much-needed regulatory certainty for […]

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