Southern Africa map

Invictus Energy commits to more gas exploration onshore Zimbabwe

Geo Associates increases exploration licence sevenfold and commits to second well.

The Mzarabani Prospect alone is estimated to contain 8.2 Tcf of gas and 250 million barrels of conventional gas / condensate (gross mean unrisked) across 5 horizons.

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Orange Basin

Eco Oil & Gas consolidates interest in Block 3B/4B offshore South Africa

In yet another deal within the Orange Basin, Eco (Atlantic) Oil & Gas has announced its acquisition of another 6.25% in South African block 3B/4B. The company already entered the block earlier this year when it acquired Azinam, who holds a 20% non-operated interest in the license.

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Natural gas

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

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. Tullow Oil and Capricorn Energy agree on all-stock merger deal

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M&A Hawilti+

Sonangol’s partial divestment process attracts new players in Angolan waters

The national oil company’s divestment process launched in June 2021 resulted in the signing of several Sale and Purchase Agreements (SPAs) with existing and new independents seeking to farm into exploration and producing blocks.

Southern AFRICA TOP STORIES
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Natural Gas

All gas: Eni takes FID on Quiluma and Maboqueiro gas project in Angola

Italian major Eni has announced the successful completions of negotiations to start up the New Gas Consortium (NGC) in Angola.

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Hydropower

Mozambique to collaborate with IFC on new $4.5 bn, 1.5 GW hydropower project

The International Finance Corporation (IFC) has signed a collaboration agreement with Mozambique on the implementation of the 1.5 GW Mphanda Nkuwa Hydropower Project.

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Natural Gas

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

The fund will be financed by Sasol and managed by BNI and open to any individuals or SMEs seeking to convert to gas across Mozambique.

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Angola

Eni achieves first oil from Ndungu on Block 15/06

The project is the third startup on Block 15/06 in only seven months. It has an expected production rate of 20,000 barrels of oil per day (bopd) and will help sustain the plateau of the N’Goma FPSO.

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Exploration

Official: TotalEnergies discovers light oil at Venus-1 offshore Namibia

Impact Oil & Gas has announced that the Venus find in the Orange Basin contains light oil and associated gas and constitutes a world-class discovery that exceeded pre-drill expectations.

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Exploration

Official: Shell discovers working petroleum system offshore Namibia

Extensive laboratory analyses to be conducted to understand reservoir quality and potential flow rates achievable, according to state-owned company NAMCOR.

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Renewable energy

South Africa’s Tharisa Mine to run on solar with new 40 MWp facility

TotalEren and Chariot have announced today the signing of a new Memorandum of Understanding (MoU) with South African platfinum group metals and chrome producer Tharisa Plc.

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Hydrogen

Namibia: O&L and CMB.TECH target first hydrogen by 2023

Cleanergy Namibia, the joint-venture set up by both companies, aims to produce green hydrogen from solar power and for distribution to heavy-duty applications like trucks, locomotives, mining equipment and ships.


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Exploration Hawilti+

Angola: Eni’s discovers at least 500m additional barrels at Ndungu field

Eni has upgraded its field estimate at Ndungu on Block 15/06 offshore Angola at 800 million to 1 billion barrels of oil equivalent in place following the successful drilling of the Ndungu-2 appraisal well.

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M&A

Meet Azule Energy, Angola’s newest and biggest upstream player

Azule Energy, a bp and Eni Company, combines both majors’ businesses in Angola with over 200,000 barrels of oil equivalent per day (boepd) of net production and 2 billion barrels equivalent of net resources.

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Hydrogen

HYPHEN wins Namibia’s $9.4bn green hydrogen project

The Government of Namibia has issued a notice of award to HYPHEN Hydrogen Energy, the joint-venture of Nicholas Holdings Limited and ENERTRAG South Africa, for the development of a $9.4bn hydrogen project.

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M&A

Eco Atlantic to consolidate Southern African portfolio with acquisition of Azinam

The company is acquiring Azinam's entire portfolio of offshore oil & gas assets in Namibia and South Africa.

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Madagascar

AfDB signs off on 205 MW Sahofika hydroelectric scheme

The facility will be Madagascar's biggest hydroelectric station upon completion and will generate hundreds of millions of dollars of savings on fuel costs by displacing expensive thermal power generation.

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Green Ammonia

Hive Hydrogen and Linde announce $4.6bn Green Ammonia Plant in South Africa

The $4.6bn project will be developed two phases and targets a total capacity of 780,000 ton/year.

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Hydrogen

Tlou Energy to start producing green hydrogen in Botswana from 2022

While Tlou Energy continues to progress on its gas-to-power project north of Botswana’s capital Gaborone, it is now expecting to produce hydrogen and solid carbon products even before electricity.

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Helium

In South Africa, Renergen to become pillar of new helium spot market

The company has executed a 19-year helium forward sale agreement for 100,000 units. The deal could help bring transparency of pricing for helium, a commodity not presently traded in the spot market.

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LNG

South Africa issues Request for Information on new Coega LNG import hub

Three state-owned companies seek to develop a midstream LNG hub in the Eastern Cape Province. LNG availability will support existing and future power plants, industrialisation and the country's energy transition.

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Namibia Hawilti+

BW Energy moves to develop giant Namibian gas field first discovered in 1974

BW Energy has just acquired Aquadrill's semisubmersible drilling rig “Leo” for the development of the Kudu gas field offshore Namibia.

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REIPPP

Mainstream RP big winner in South Africa’s 2.5 GW renewable energy bid round

South Africa’s Minister of Mineral Resources and Energy (DMRE), Mr. Gwede Mantashe, has announced the preferred bidders for the REIPPPP Bid Window 5.

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Mozambique Hawilti+

GL Africa Energy signs agreement for a new 250 gas-to-power plant

This will be the company’s biggest investment to date, developed under a 30-year public-private partnership (PPP) with state-utility Electricidade de Moçambique (EDM).

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Sustainable infrastructure

AIIM closes $370m financing for IDEAS Managed Fund – plans to keep investing in renewable energy

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.

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Renewable Energy

Total Eren signs Shareholders Agreement for 35 MW solar PV project in Angola

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.