The Republic of Congo (RoC) is preparing to unveil a new Gas Code alongside a comprehensive Gas Master Plan (GMP) in the coming months, both designed to accelerate the development of its natural gas sector. These policies will act as a blueprint for investment across the RoC’s gas value chain. The Gas Code aims to establish a clear legal and regulatory framework that will attract investment in gas exploration and production. It outlines specific legal
Renewable energy firm GridAfrica and global tech giant Huawei have joined forces to install 72 MW of solar power infrastructure to support Zimbabwe’s mining sector. This collaboration aims to reduce reliance on the national grid and cut operational costs for local mining companies. “This initiative will not only optimize energy usage but also provide a sustainable power source that enhances the mining sector’s efficiency and financial stability,” stated Norman Moyo, CEO of GridAfrica. The solar
Angola is fast-tracking its energy development initiatives with a series of projects and policy updates to enhance oil and gas output and promote low-carbon solutions, solidifying its role as a key regional energy producer. At African Energy Week 2024, the National Oil, Gas & Biofuels Agency (ANPG) announced that Angola’s government will release the decree for the Incremental Production Law in November. Designed to counter production declines in mature oilfields, the law introduces favorable fiscal
Independent hydrocarbon producer Perenco has boosted its production rate in the Republic of Congo to 80,000 barrels per day (bpd), following a $300 million investment into its Congolese operations. Looking forward, the company aims to achieve 100,000 bpd by 2025 through expanded activities and investments in new oil fields. To increase output, Perenco has employed advanced techniques to revive aging wells and tap into previously untapped reserves. In March 2024, the company strengthened its position
Endiama, Angola’s National Diamond Company, has completed the compensation process for more than 2,000 former employees of closed mining companies in Lunda Norte, a process that had been in progress for over 12 years. This update was shared by Domingos Margarida, Executive Director of Mining Operations, Administration, and Human Resources at Endiama, during a meeting with representatives of former employees from Sociedade Mineira do Lucapa (SML) and the Luarica, Luxinge, Facauma, and Yetwene diamond projects.
Last week, Angola unveiled 16 prime areas available for mining investments during the “Angolan Mining Business Forum” in Johannesburg, South Africa. The Minister of Mineral Resources, Oil, and Gas, Diamantino Azevedo, invited investors to witness Angola’s vast potential firsthand, emphasizing the country’s extensive natural resources and attractive business environment. “Come to Angola and see for yourself. We have land, high mining potential, robust infrastructure, an investor-friendly legal and tax system, and a skilled, young workforce
The African Development Bank Group (AfDB) has approved an $8 million concessional loan to support the 25 MW Ilute Solar Photovoltaic (PV) power plant in Zambia’s Sesheke District. This funding comes from the Sustainable Energy Fund for Africa (SEFA), a multi-donor Special Fund managed by AfDB, which aims to promote sustainable energy projects across the continent. Led by Serengeti Energy Ltd. and Western Solar Power Ltd., the Ilute Solar PV project will boost Zambia’s renewable
The African Development Bank’s Board of Directors has approved a $54 million loan to finance a 120 MW onshore wind farm in Mozambique, positioning the country as a regional energy hub. This loan includes $12 million from the Sustainable Energy Fund for Africa (SEFA) and is part of a larger financing package that will involve contributions from the International Finance Corporation (IFC), U.S. International Development Finance Corporation (DFC), the Emerging Africa and Asia Infrastructure Fund
Halliburton, the American oil and gas company, is set to finish drilling four deep-water natural gas wells in Egypt by the end of November. The drilling project encompasses two wells in the Burullus gas field, located in the West Nile Delta, and two in BP’s Raven gas field near Alexandria. An official confirmed that Halliburton has already successfully connected one of the Burullus wells to production as part of the 10th phase of the project.
Egypt’s President Abdel Fattah al-Sisi met with Eni’s CEO Claudio Descalzi to explore strategies for enhancing gas production, particularly in light of Egypt’s transition to the liquefied natural gas (LNG) market to satisfy domestic demand, according to reports from the Italian energy group. After the discovery of the massive Zohr offshore gas field in 2015, Egypt aimed to become a significant gas exporter. However, domestic gas production has declined since 2021, reaching a six-year low
