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.Read More
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%).
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.
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.
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.
The $4.6bn project will be developed two phases and targets a total capacity of 780,000 ton/year.
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.
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.
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.
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.
South African LNG distributor DNG Energy has announced the arrival of South Africa’s first ever consignment of liquefied natural gas.
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.
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.
BW Energy has just acquired Aquadrill's semisubmersible drilling rig “Leo” for the development of the Kudu gas field offshore Namibia.
South Africa’s Minister of Mineral Resources and Energy (DMRE), Mr. Gwede Mantashe, has announced the preferred bidders for the REIPPPP Bid Window 5.
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).
402.2km of data was acquired over SG 4571 where lies the Muzarabani gas prospect that Invictus Energy will drill next year.
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.
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.
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.
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.
Mozambique entered the current decade with firm ambitions to become a major LNG exporter by 2025 and achieve double-digit growth in the process.
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.