Azule Energy, an Angolan company, has recently become a signatory to the Global Oil and Gas Decarbonization Charter (OGDC), aligning with efforts aimed at advancing climate action within the oil sector. The OGDC Charter was unveiled during COP28, the International Climate Summit, held in the United Arab Emirates from November 30th to December 12th. With over 50 companies on board, representing 40% of global oil production, this initiative has seen National Oil Companies (NOC) comprising
Mozambican President Filipe Nyusi launched on Saturday 2nd December, in Dubai, the Energy Transition Strategy for 2023-2030, an initiative intended to place the country at the forefront of climate innovation, as well as making it an attractive investment destination. The launch took place during a panel at the United Nations Climate Change Summit, COP 28. “The Strategy’s mission is to leverage Mozambique’s abundant renewable and natural resources to accelerate the implementation of a low-carbon development
UK development bank British International Investment is still willing to consider funding energy projects in Africa that run on natural gas if they increase electricity access on the continent, according to officials. As the world gears up for the next round of United Nations climate talks, which start in Dubai on Thursday, there’s growing pressure on financial institutions to stop supporting fossil-fuel projects. This has prompted concerns that the fight to tackle global warming could
Independent upstream oil and gas company, Invictus Energy, has extended its contract with European onshore drilling contractor, Exalo Drilling, for its Rig 202 by up to two years at the Cabora Bassa Project in Zimbabwe. The extension will enable Exalo Drilling to undertake maintenance on Rig 202, which will remain stacked at the Mukuyu-2 well, providing for the drilling and testing of future wells within the basin. “The contract amendment…underpins our confidence in the basin and provides us
Portuguese oil and gas company Galp has started drilling operations in the Mopane prospect complex, located in the southern area of the Petroleum Exploration License (PEL) 83 license in Namibia. Drilling kicked off with the spudding of the Mopane 2X well – the first of two wells set to be drilled in the license area. Galp is utilizing the Hercules semi-submersible rig, a sixth generation deepwater and harsh environment rig which operates in water depths
Investments in Angola’s oil and gas sector are set to escalate in response to Europe’s bid to diversify its energy supply amidst the conflict in Ukraine. The Economist Intelligence Unit’s (EIU) projections for Angola between 2024-2028, accessed by Lusa, foresee an upsurge in both oil and gas investments. EIU analysts anticipate a surge in oil production fueled by government-driven reforms to attract fresh investments. Public tenders slated for 2025, extending to the ‘onshore’ sector, are
Sonagás is formulating a strategy to ensure an ample supply of butane gas (cooking gas) throughout the upcoming festive season. During a training seminar for journalists organized by the Association of Economic Journalists of Angola (AJECO) in Luanda, Félix Jorge, the Director of Transport and Distribution at Sonagás and Energias Renováveis, highlighted the company’s efforts. He revealed that Sonagás presently produces an average of 2,020 tons of butane gas, with 70% allocated for bottled gas
The West African Gas Pipeline Company – the limited liability company that owns and operates the West African Gas Pipeline (WAGP) – has commissioned the interconnected pipeline in Ghana to the Sentuo Oil Refinery project in Tema. First gas officially flowed from the Tema Regulating & Metering Station through the pipeline to the refinery project, representing a key step towards starting operations at the 120,000 barrel per day plant. “This will enable us to complete
Oil and gas supermajor, Eni, will invest $10 billion toward the development of the Baleine field offshore Ivory Coast. The investment will be made in three phases between 2023 and 2027 and will result in the production of 200,000 barrels of crude oil per day (bpd). Oil and gas production from the field began in late-August 2023, two years after the field’s discovery. Estimated to contain up to 2.5 billion barrels of oil and 3.3
Japanese Foreign Minister Yoko Kamikawa and her Mozambique counterpart, Veronica Macamo, have forged an agreement to collaborate on revitalizing the liquefied natural gas (LNG) development in Mozambique. Japanese entities have invested significantly in the Mozambique LNG project, known as the largest on the African continent. Unfortunately, construction faced interruptions due to escalated public unrest in Mozambique. During their meeting in Tokyo, Minister Kamikawa emphasized her commitment to deepening cooperation between their nations, aiming to “uphold
