By the end of the year, Angolan company Kwame Oil e Gás will invest $1 million to improve infrastructure and high-pressure washing equipment in oil tanks, announced General Director Aurélio dos Santos on Monday in Luanda. In an interview with Jornal de Angola, dos Santos highlighted that unlike some local companies, Kwame Oil e Gás, a consortium with 100 percent Angolan capital, prioritizes the training and development of local young people with no prior experience.
The Extractive Industry Transparency Initiative (EITI) is set to evaluate Angola again in October, marking a crucial step in certifying members’ compliance with transparency standards. According to Beatriz Catomi, Deputy Director of the National Secretariat for the Implementation of the EITI, the second evaluation report will be released in September, a month ahead of the evaluation process. Catomi made these remarks yesterday during the opening of a seminar in Luanda, aimed at informing stakeholders about
Algeria is crafting a comprehensive energy roadmap to significantly boost renewable power generation and position itself as a leading exporter of green hydrogen, according to Oil Minister Mohammed Arkab. Speaking at an economic seminar in Italy on Friday, Arkab outlined Algeria’s ambitious plan to increase renewable energy power generation to 15,000 megawatts (MW), which will constitute nearly 30 percent of the country’s total energy mix by 2035. Arkab, as quoted by Elkhabar and other Algerian
Congolese Hydrocarbons Minister Bruno Jean-Richard Itoua shared plans to establish a national gas company by Q3 2024 at the Invest in African Energy forum, organized by Energy Capital & Power. Minister of Hydrocarbons of the Republic of Congo (ROC) Bruno Jean-Richard Itoua shed light on the country’s oil and gas development plans on Wednesday, as the Invest in African Energy forum in Paris came to a close. The Minister confirmed that the government is prioritizing
ASX-listed Kinetiko Energy has successfully demonstrated its ability to produce gas-to-power (GtP) from an onshore natural gas resource at its Amersfoort project in Mpumalanga, South Africa. Kinetiko is focused on developing energy transition solutions for South Africa by commercializing advanced shallow conventional gas projects in the Mpumalanga, Free State, and KwaZulu-Natal provinces. “We are absolutely thrilled to have become the pioneers of onshore GtP from a local, conventional source, which represents another significant milestone for
Azule Energy, the joint venture formed in March 2022 by Italy’s Eni and the UK’s BP to merge their oil assets in Angola, successfully finances its operations independently and pays dividends to its shareholders. Vaar, an oil and gas company established in Norway with investment fund Hitec Vision, and Azule Energy operate with minimal dependence on their parent companies. According to Eni’s CFO Francesco Gattei, both companies fund their capital expenditures and maintain their own
Shell Nigeria Gas (SNG) – a subsidiary of energy major Shell – and Nigeria’s Oyo State Government have signed a partnership to establish a gas supply and distribution network aimed at providing gas to industrial and commercial consumers within the state. The project comprises the construction of 15km of pipelines with a capacity to deliver 60 million standard cubic feet per day, with first gas expected by Q4, 2025. SNG will construct and manage the gas distribution
Mozambique’s Coral South floating LNG (FLNG) facility reached a critical milestone on Monday, successfully passing a performance test achieving production above 3.4 million tons per year. Dual mixed refrigerant LNG process technology and equipment developed by global industrial gases company Air Products passed the evaluation, enabling maximum efficiency, increased reliability and reduced environmental impact. In addition to its proprietary equipment and technology, Air Products provided technical advisory services for the installation, commissioning, start-up and performance
The Mauritanian government has decided not to renew international oil company bp’s contract for the exploitation of the BirAllah gas field, situated in the coastal basin of Mauritania. Although bp expressed interest in extending the contract to conduct additional feasibility studies for field exploitation, the Mauritanian government has chosen to initiate development work independently and is seeking a new partner for the project. bp, in partnership with American oil company Kosmos Energy, currently operates the
Integrated energy company Eni Kenya BV plans to establish a biogas facility in Kenya that will utilize trash dumps from five major landfills across Kenya to generate energy for households. Awaiting government authorization, Eni Kenya BV’s proposal holds promise for addressing environmental hazards posed by dumpsites while simultaneously providing a renewable energy source. The company’s initiative aims to transform these dumpsite into sources of clean energy. “In 2023, in support of the subsidiary Eni Kenya
