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Author: Makungu Coco

International News Oil

Eni Unearths Hydrocarbon Potential in Ivory Coast Blocks

Preliminary exploration conducted by global oil major Eni has revealed promising signs of hydrocarbons in offshore oil blocks CI-504, CI-526, CI-706, and CI-708 in Ivory Coast. The government has therefore agreed to proceed with negotiations for production sharing contracts with the major. An expression of interest was made by Eni in February 2024 for the offshore blocks. This development follows Eni’s commencement of oil and natural gas production from the deepwater Baleine field in southeast Ivory Coast

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Diamonds International Mining Projects News

Cobre Limited Initiates Diamond Drilling Program at Okavango Copper Project

Cobre Limited has kicked off a 5-hole, 2,000-meter diamond drilling initiative at its Okavango Copper Project (OCP) in Botswana. This endeavor aims to explore for copper-silver mineralization adjacent to MMG’s Zone 5 and Boseto groups, building on previous drilling success in 2019 and leveraging geophysical data to pinpoint promising sites. Situated near MMG’s Khoemacau Copper mine, the OCP is strategically positioned to benefit from potential discoveries. The drilling program, set to begin within two months,

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Local News Oil Petroleum

KBR Wins Management Contract for Lobito Refinery Expansion in Angola

Engineering firm KBR has been awarded a project management contract for the development of the Lobito Refinery, a significant project located in Benguela Province, Angola. With a capacity of 200,000 barrels per day (bpd), this refinery expansion project marks a pivotal moment in Angola’s oil industry. Under the contract granted by Angolan national oil company Sonangol, KBR will oversee the engineering, procurement, and construction (EPC) phase of the project. This agreement solidifies a 20-year partnership

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Local Economy News Oil

Angola’s Rich Oil Production History Fuels Investor Interest

Angola’s robust history in oil production, dating back to its first commercial discovery in 1955, has played a pivotal role in its economic development, with the sector contributing 75% of the government’s revenue. As one of the continent’s leading producers, Angola is poised to maintain production at 1.1 million barrels per day (bpd) beyond 2027. Building on this foundation, Angola is actively attracting new investments to sustain oil production and expedite the development of new

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International Energy News

Trina Solar to Install 283 MW Power Plant in South Africa

Solar energy provider Trina Solar – in collaboration with China Energy International Group and China Gezhouba Group – will install the 283 MW Mooi Plaats solar power plant located in Northern Cape, South Africa. Trina Solar will provide modules for the power plant, which will utilize energy generated by 416,325 panels from the NEG21C.20 Vertex N series and display efficiency levels of up to 23.2%. “We are proud to partner with China Energy International Group

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International Energy News

Namibia’s Renewable Energy Drive: Path to Sustainable Growth

Namibia boasts over 100 GW of wind potential, abundant sunlight averaging 10 hours per day, and significant hydropower potential exceeding 10,000 GWh annually. To harness these resources, the country is embarking on a renewable energy journey, aiming to achieve 70% electricity generation from renewables and near-universal electricity coverage by 2030. The upcoming Namibia International Energy Conference (NIEC) in Windhoek will play a pivotal role in supporting this transition. By connecting investors with clean energy opportunities,

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International Gas Mining News Oil

Senegal’s new president announces oil, gas and mining sector audit

Senegal will conduct an audit of the oil, gas and mining sectors, newly elected President Bassirou Diomaye Faye told the nation in a televised speech on Wednesday, while also reassuring investors they were welcome in the country. Faye defeated the ruling coalition’s candidate in a March election by a landslide, reflecting high hopes for change in the country of around 18-million. The audit is one of the first policy moves announced since the 44-year-old former tax inspector’s inauguration on Tuesday. “The

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International News Oil Petroleum

Botswana Oil Limited Granted Import License for 90% of National Fuel Requirement

On Monday, the Botswana Energy Regulator Authority (BERA) issued an import license to Botswana Oil Limited, authorizing the company to import 90% of Botswana’s fuel requirement. The license was presented to Mr. Meshack Tshekedi, CEO of Botswana Oil, by BERA caretaker CEO Dr. Grace Tabengwa. The granting of the license is contingent upon Botswana Oil Limited complying with various terms and conditions, including: .Commencement of the license on April 1, 2024, and its indefinite validity,

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International Diamonds News

𝗙𝗜𝗡𝗔𝗟 𝗦𝗜𝗚𝗡𝗔𝗧𝗨𝗥𝗘𝗦 𝗢𝗡 𝗡𝗘𝗪 𝗕𝗢𝗧𝗦𝗪𝗔𝗡𝗔-𝗗𝗘 𝗕𝗘𝗘𝗥𝗦 𝗗𝗘𝗔𝗟 𝗦𝗘𝗧 𝗙𝗢𝗥 𝟮𝟴𝗧𝗛 𝗝𝗨𝗡𝗘 𝟮𝟬𝟮𝟰

Botswana Government and De Beers Group have set the 28th June 2024 as the official deadline for signing of the long form agreement. The two parties signed statement of principles on the 30 June 2023 after lengthy negotiations that birthed a new dawn for the over 50 year partnership. Later on the 30th September 2023 the two parties signed the heads of terms, further committing to a long term partnership that will last for the

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International Gas News

Mozambique Emerges as Key Player in African Gas Supply Amid Regional Decline

The African Energy Chamber highlights Mozambique’s emerging significance in global gas supply amidst dwindling production in key African nations like Nigeria, Angola, and Equatorial Guinea. In its “The State of African Energy 2024 Outlook Report,” the Chamber underscores Mozambique’s potential for considerable growth in liquefied natural gas (LNG) production, propelled by projects in the Rovuma basin. The country is poised to escalate its export capacity from 3.4 to approximately 43.5 million tonnes per year by

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