You are Here

Author: Makungu Coco

International News Renewable Energy

DanAon Energy to Develop 40 MW Solar Plant in Gibeon, Namibia

DanAon Energy (Pty) Ltd., a Namibian-owned solar energy company, is advancing plans to build a 40 MW photovoltaic (PV) solar plant in Gibeon, located in Namibia’s Hardap Region. The project is pending approval from the Electricity Control Board of Namibia and an Environmental Clearance Certificate (ECC). The proposed solar park will span 40 hectares and is expected to significantly reduce Namibia’s dependence on traditional energy sources while boosting renewable energy production. The project will feature

Loading

Read More Here

News International Oil

Rhino Resources Receives Green Light for Offshore Drilling in Namibia’s Block 2914A

Rhino Resources Namibia Ltd. has secured approval from Namibia’s Ministry of Environment, Forestry, and Tourism for an Environmental Clearance Certificate (ECC), allowing the company to drill 10 exploration and appraisal wells off the southern coast. The drilling campaign will be conducted in License Block 2914A and is set to begin in the fourth quarter of 2024, with an expected investment of N$1.8 billion (US$94 million) into the local economy. The project will include related exploration

Loading

Read More Here

International News Renewable Energy

Neosun Energy to Build 998 kWp Solar Plant for Dayizenza Mall in South Africa

Neosun Energy has secured a contract to design and build a 998 kWp grid-tied solar photovoltaic (PV) plant for Dayizenza Mall in Nelspruit, South Africa, furthering its commitment to sustainability and reducing carbon emissions. “The solar power plant is expected to achieve monthly electricity savings of over 50-60% throughout its operational life, delivering both environmental and financial benefits. With a lifespan of more than 40 years, the project highlights Dayizenza Mall’s dedication to minimizing its

Loading

Read More Here

Local News Oil

TotalEnergies Awards Shearwater an OBN Survey Project in Angola’s Block 32

TotalEnergies SE has awarded Shearwater Geoservices Holding AS a contract to conduct an ocean bottom node (OBN) survey in Angola’s Block 32. The project will focus on the Louro and Mostarda fields, where Shearwater previously carried out a 4D streamer survey for TotalEnergies. The deepwater OBN survey will be executed using the SW Tasman, a seismic node-laying vessel equipped with dual remotely operated vehicles (ROVs). The SW Tasman, converted in 2023 for specialized node-laying tasks,

Loading

Read More Here

International News Oil

Nigeria Opens 220 Acreages for Oil Exploration as Investment Opportunities Rise

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced the availability of 220 acreages for exploration and investment in Nigeria’s oil and gas sector. In this context, “acreages” refers to specific tracts of land offered for exploration, drilling, or production activities. These areas can be leased or sold to companies interested in extracting natural resources. The Nigerian government also reiterated that 31 oil blocks are currently open for investment, encouraging both domestic and international investors

Loading

Read More Here

International Corporate News Mergers & Acquisitions Oil Petroleum

Petrobras Acquires 10% Stake in South Africa’s Deepwater Oil Block from TotalEnergies

Petrobras has received board approval to acquire a 10% stake in South Africa’s Deep Western Orange Basin (DWOB) block from TotalEnergies. The DWOB block is located in deep waters of the Orange Basin, an area where significant oil discoveries have recently been made by TotalEnergies, Shell, and Galp. Following the acquisition, Petrobras will hold a 10% stake in the DWOB block, joining a consortium led by TotalEnergies (40% and operator), along with QatarEnergy (30%) and

Loading

Read More Here

Oil Economy International News

Nigeria’s Naira-for-Crude Initiative Begins to Boost Economic Stability

Nigeria’s newly launched naira-for-crude initiative is now in effect, allowing crude oil to be sold to the Dangote refinery and other refineries in naira. In return, the Dangote refinery will supply petrol (PMS) and diesel of equivalent value to the domestic market, also priced in naira. The Minister of Finance, Wale Edun, confirmed the policy’s launch in a statement on Saturday, October 5, 2024. He highlighted that this initiative marks a significant step toward stabilizing

Loading

Read More Here

International News Oil Petroleum

Dangote Refinery to Transform Africa’s Oil Market with Major Shift in Nigerian Crude

The Dangote oil refinery is preparing to process around 400,000 barrels of Nigerian crude per day in the coming months, significantly altering Africa’s oil import and export dynamics. According to a cargo allocation list seen by Bloomberg, the refinery, with a capacity of 650,000 barrels per day (bpd), will receive approximately 24 million barrels of Nigerian oil in October and November. This marks a shift towards increased reliance on local crude supplies. Business Insider Africa

Loading

Read More Here

Oil International News

Libya Restores Oil Output Amid Political Reconciliation

Libya’s oil production has surged back above 1 million barrels per day (bpd) for the first time in two months, following the resolution of a political standoff, according to Bloomberg. The country’s eastern government had previously halted all oil production and exports due to a dispute over the control of the central bank, which oversees billions of dollars in energy revenues. Last Thursday, Libya resumed oil production, reintroducing hundreds of thousands of barrels per day

Loading

Read More Here

Local Expos & Events News Oil Petroleum

Angola’s Oil Sector Remains a Magnet for Global Investment

As one of Africa’s top oil producers, with an output exceeding 1.1 million barrels per day, Angola continues to solidify its position as a prime investment destination. The country attracts major global players like TotalEnergies, ExxonMobil, Chevron, and Azule Energy, driving new exploration ventures. At the Angola Oil & Gas 2024 conference, Angola’s Minister of Mineral Resources, Oil, and Gas, Diamantino Azevedo, shared insights during a fireside chat, sponsored by Angola Environmental Servicos. Minister Azevedo

Loading

Read More Here

1 … 5 6 7 8 9 … 164