Canadian oil and gas company Reconnaissance Energy Africa Ltd. (“ReconAfrica”) announced its intention to commence drilling the Naingopo exploration well in Namibia’s Damara Fold Belt in June 2024. Civil work to build access roads and the well pad, as well as the drilling of the water well, has already begun. When these projects are complete., the Jarvie-1 drilling rig will be mobilized to the area onshore in Namibia. In June 2024, ReconAfrica expects to begin drilling operations
Petrofac, a London-based engineering firm, clinches a technical services contract from Equatorial Guinea’s state hydrocarbon company, Compañía Nacional de Petróleos de Guinea Ecuatorial (GEPetrol), to support the operations of Block B. Under the contract, valued at around $350 million over five years, Petrofac will deliver technical services across onshore support bases, a floating production and storage offloading (FPSO) facility, and a platform on behalf of GEPetrol, the operator. The contract draws on the core services
The Dangote Refinery’s anticipated gasoline supply, originally slated for next month, is now expected to commence in the fourth quarter of this year, as projected by African energy expert Kelly Norways of Standard and Poor’s’ Global Commodities Insights. During the S&P podcast titled “Exploring West Africa’s oil product flows in a changing refining landscape,” Norways highlighted the refinery’s potential to significantly reduce energy imports across the West African sub-region. Estimates suggest a daily petrol output
Shell has announced a significant oil discovery in the Enigma-1X well, marking the sixth successful well in Namibia’s PEL.39 license in the Orange Basin. The exploration efforts, conducted using the semi-submersible rig Deepsea Bollsta since February 27, 2024, have yielded promising results. Enigma-1X is situated 15 kilometers south-southeast of Shell’s Jonker-2A appraisal well. This discovery is part of Shell’s second multi-well exploration and appraisal campaign initiated in December 2022. It follows the successful Graff-1 discovery,
The Ivory Coast is set to begin construction of the $63.5 million Ferke Solar power plant in Sokoro, which will have an installed capacity of 52 MW. Announced by government spokesperson Amadou Coulibaly in April, the project will commence in the second quarter of 2024 and is expected to be operational by the third quarter of 2025. Named Ferke Solar, the project stems from an agreement signed in January 2024 with renewable energy company PFO Africa
OPEC Secretary General Haitham Al Ghais expressed excitement about a potential partnership with Namibia during the Namibia International Energy Conference (NIEC) in Windhoek this week. Namibia is gearing up for its first oil production from offshore discoveries by 2030, with development programs underway. With offshore production, Namibia is poised to become Africa’s fourth-largest oil producer. Al Ghais stated, “OPEC stands ready to support Namibia in this exciting new chapter of development. We are eager to
Tanzania’s abundant gas reserves, estimated at around 57 trillion cubic feet (tcf), will take center stage at the Invest in African Energy (IAE) 2024 conference, highlighting the country’s quest for partnerships in exploration, development, and processing ventures. With significant offshore gas discoveries, Tanzania is poised to become a major LNG exporter, spearheading projects like the Tanzania LNG initiative. This flagship endeavor, led by Equinor, Shell, and ExxonMobil, aims to produce 10 million metric tons of
TotalEnergies, a leading energy supermajor, has announced a strategic partnership with chemical manufacturing company Zambo Energy to supply fuel products to South Africa. The partnership was unveiled during an energy summit in Cape Town on April 23, reaffirming TotalEnergies’ commitment to enhancing integration with its marketing affiliates across South Africa. “Security of supply and competitiveness are paramount,” emphasized Thomas Waymel, Senior Vice-President of Trading and Shipping at TotalEnergies. “We are dedicated to expanding our energy
Canadian oil and gas company ReconAfrica will start drilling its first exploration well, Naingopo, in the Damara Fold Belt region of northeast Namibia in June 2024. Utilizing the Jarvie-1 rig, the project will target an estimated 163 million barrels of unrisked prospective oil resources or 843 billion cubic feet of unrisked prospective natural gas resources. The drilling will span approximately 90 days, reaching depths of around 12,500 feet or 3,800 meters, the company’s exploration update indicates. Brian Reinsborough, President
The National Petroleum Corporation of Namibia (NAMCOR) underscored Namibia’s burgeoning petroleum potential during a technical session at the Namibian International Energy Conference held on Tuesday. Namibia boasts four recognized offshore basins and two onshore basins, with over 30 exploration wells drilled thus far. Recent discoveries such as Venus-1 by TotalEnergies and Graff-1X by Shell have affirmed the presence of a viable petroleum system in Namibia’s deepwater regions. Victoria Sibeya, Executive: Upstream Exploration at NAMCOR, emphasized
