Southern Africa map

Eco Atlantic to consolidate Southern African portfolio with acquisition of Azinam

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

The South Atlantic continental margins of Africa continue to fuel investors’ appetite as their promising prospects open up to oil & gas exploration.

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Exploration

After TotalEnergies, Shell spuds its own high impact deep-water well in Namibia’s Orange Basin

The Valaris DS-10 drillship has spudded the Graff-1 well within Block 2013A (Petroleum Exploration License 39) offshore Namibia. Shell Namibia Upstream BV is operator with a 45% along with partners Qatar Petroleum (40%) and NAMCOR (10%).

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Hydrocarbons

Angola’s Oil GDP to be back to positive in 2022 after six consecutive years in the red

Since 2012, Angola’s Oil GDP has grown only twice: in 2012 and 2015. But it is expected to grow again by +1.6% next year on the back of a projected marginal increase of about 2% in oil & gas output.

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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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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.

Southern AFRICA TOP STORIES
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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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Angola

TotalEnergies start production at CLOV 2 tie-back in Block 17

The French major has announced start of production at CLOV 2, a new tie-back expected to reach a peak of 40,000 barrels of oil equivalent per day (boepd) in mid-2022.

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Angola

bp achieves first oil from new subsea tieback project in Block 18

The project will develop an estimated 44 million barrels of oil reserves and add 30,000 barrels of oil per day (bopd) to Block 18's daily production once it reaches its peak in 2022.

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Exploration

TotalEnergies spuds most anticipated well of the year offshore Namibia

The well will target an enormous middle Cretaceous basin floor fan at the toe of the Orange river delta, targeting a potential of 1 billion barrels of oil.

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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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LNG

South Africa has received its first ever LNG shipment

South African LNG distributor DNG Energy has announced the arrival of South Africa’s first ever consignment of liquefied natural gas.

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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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Helium

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

The company has completed 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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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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Exploration

Invictus Energy completes 2D seismic over Cabora Bassa onshore Zimbabwe

402.2km of data was acquired over SG 4571 where lies the Muzarabani gas prospect that Invictus Energy will drill next year.

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Angola

ExxonMobil to resume drilling offshore Angola in June 2022

This marks the resumption of drilling activities for ExxonMobil in Angola following a June 2019 agreement with the National Agency for Petroleum, Gas and Biofuels (ANPG) to further invest in the development of Block 15.

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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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Budget Performance

Angola has already surpassed its oil revenue target for 2021

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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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.

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Diamonds

World’s second-largest mining company enters Angolan diamond mine

Rio Tinto has entered the Chiri diamond concession where first production is expected in 2024.

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TotalEnergies officially delays opening of Mozambique LNG to 2026

Mozambique entered the current decade with firm ambitions to become a major LNG exporter by 2025 and achieve double-digit growth in the process.

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Renewable Energy

Why Africa’s energy transition is only happening in South Africa

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.