Recent oil and gas discoveries throughout the continent, including Namibia’s Mopane 1X and 2X, are spurring new drilling campaigns and investments across Africa. Global E&P companies are ramping up exploration activities to unlock fresh reserves and maximize the Africa’s offshore potential with a number of high-impact wells planned for 2024 and 2025. Up to 70% of wells drilled in Africa will be in frontier and emerging basins. Set to dominate the global high-impact well drilling
Egyptian Natural Gas Holding Company (EGAS) has signed a 20-month agreement with energy infrastructure firms Höegh LNG and Australian Industrial Energy (AIE) to deploy a Floating Storage and Regasification unit (FSRU) in Ain Sokhna, Egypt. Höegh LNG will provide its FSRU unit, Hoegh Galleon, for use in Egypt from June 2024 to February 2025. Afterward, the unit will be deployed to Port Kembla in Australia under a 15-year contract with AIE.Top of Form Bottom of
Renergen, an integrated renewable energy company, has commenced helium production at the Virginia Gas Project in South Africa’s Free State province. The project’s Original Equipment Manufacturer (OEM) has successfully cooled the helium cold box to the required temperature, allowing for the liquefaction of helium from the wells in batches. Following this milestone, the next steps involve ensuring all operating conditions meet standards, with a performance test scheduled by the OEM before transitioning the project into
South Africa’s National Oil Company (NOC) PetroSA is set to receive gas from Mozambique’s NOC ENH under a new sales deal, with initial deliveries expected later this year. Facilitated by PetroSA’s recent acquisition of a gas trading license, the deal involves an annual supply of 2 petajoules (PJ) of gas, with the potential to increase to 200 PJ over time. This initiative aims to mitigate impending gas shortages, particularly impacting industrial consumers such as steelmaker
Energy giant TotalEnergies has entered a memorandum of understanding (MoU) with Algerian state-owned energy company Sonatrach for the appraisal and development of gas resources in the North-East Timimoun region. The MoU outlines a work program for the development of gas resources while reducing costs and emissions at processing facilities at the Timimoun field. “This MoU reflects our shared willingness to expand our strategic partnership with Sonatrach,” stated Julien Pouget, Senior Vice President Middle East &
South Africa’s Minister of Mineral Resources and Energy Gwede Mantashe has published the country’s draft Gas Master Plan (GMP2024) for public comment. Members of the public, stakeholders and industry experts are invited to give input until by no later than 15 June, 2024. “To mitigate against gas supply shortages between 2026 and 2030, it is quite urgent to engage within the region to establish enablers that could unlock additional supply potential,” the draft plan says. South
Egypt has announced temporary cuts to its liquefied natural gas (LNG) exports starting from May to address power shortages anticipated during the summer months. The move aims to increase gas availability within the country to meet rising electricity demands, amidst recurring power outages. The Ministry of Electricity estimates a daily requirement of approximately 105 million m3 of natural gas, along with 10,000 tons of diesel, with demand expected to surge to 135 million m3 of gas as temperatures rise
Angola’s energy sector continues to demonstrate resilience and potential, as highlighted by recent reports from the Ministry of Mineral Resources, Oil and Gas (MIREMPET). In the first quarter of 2024, the country exported a significant volume of Liquefied Natural Gas (LNG), Liquefied Petroleum Gas (LPG), and condensates, totaling 966,394 metric tons, generating revenue of $393.6 million. While these figures represent a slight decrease compared to the previous quarter, they underscore the ongoing strength of Angola’s
Invictus Energy, an independent upstream oil and gas company, has inked a Memorandum of Understanding (MoU) with Himoinsa Southern Africa Proprietary Limited and Dallaglio Investments Pvt Ltd. The agreement aims to develop a gas-to-power project to supply electricity to the Eureka Gold Mine in Zimbabwe. Under the partnership, Invictus Energy will provide feedstock from its Cabora Bassa Project to fuel a proposed 12MW gas-to-power plant, which will be constructed by Himoinsa. The electricity generated from
Angola reiterated its commitment to aiding Namibia in the advancement of its oil and gas sector during the Namibia International Energy Conference (NIEC) held in Windhoek. Osvaldo Inácio, Executive Director of Angola’s national oil company Sonangol and Chairman of Sonangol Integrated Logistics Group (SONILS), emphasized the potential for collaboration between the two countries in bolstering Namibia’s oil and gas industry. Inácio underscored opportunities for cooperation in logistics and skills development, leveraging Angola’s extensive experience in
