Canadian oil and gas company Sintana Energy has inked a deal with Namibian energy firm Crown Energy to acquire a 67% stake in its subsidiary, Giraffe Energy, further solidifying its foothold in the lucrative Orange Basin. The agreement grants Sintana Energy access to Giraffe Energy’s 33% interest in the Petroleum Exploration License (PEL) 79, situated within the exploration blocks 2815 and 2915. Notably, PEL 79 is strategically positioned adjacent to the Mopane light-oil discoveries recently
Diversified energy company Genser Energy commissioned a 110km natural gas pipeline to propel Ghana’s power sector and foster economic growth. The inauguration took place on April 17 in the presence of Ghanaian President H.E Nana Addo Dankwa Akufo-Addo and Minister of Energy Matthew Opoku Prempeh. Dubbed the Anwomaso Gas Pipeline, the project will transport natural gas from western Ghana to power the 250 MW Kumasi 1 Thermal Power Plant, ensuring energy security and affordability in Ashanti
Namibia is making significant progress in shaping its Namibian content framework, with the draft policy already under discussion. Speaking at the Namibian International Energy Conference (NIEC) in Windhoek, Maggy Shino, Petroleum Commissioner at the Ministry of Mines and Energy, emphasized the collaborative effort underway to refine the policy. Shino highlighted the importance of broad stakeholder input, emphasizing that the framework aims to stimulate economic growth and requires careful consideration. Notably, existing provisions within the petroleum
Egypt’s Prime Minister Mostafa Madbouly recently met with the country’s foreign affairs and water ministers to discuss efforts to enhance cooperation with South Sudan. The meeting included Minister of Foreign Affairs Sameh Shoukry, Minister of Water Resources and Irrigation Hani Sweilam and Assistant Minister of Foreign Affairs Hossam Issa. During the meeting, which took place on April 21, Minister Shoukry emphasized Egypt‘s commitment to preserving its long-standing close relationship with South Sudan. He noted that
Nigeria’s Minister of Mines announced the immediate revocation of 924 dormant mining titles, urging investors to apply for the affected licenses under a “first come, first served” basis, as part of ongoing efforts to streamline the country’s mining sector. The revoked titles consist of 528 exploration licenses, 20 mining leases, 101 quarry licenses, and 273 small-scale mining licenses, according to Mines Minister Dele Alake. This move follows the revocation of over 1,600 mining titles in
Woodside Energy encountered significant shareholder resistance on Wednesday as investors rejected its climate transition plan, highlighting growing concerns among activists regarding the company’s fossil fuel projects. Despite this setback, the chairman managed to retain his position following a contentious vote. The rejection of Woodside’s climate plan, with 58% of votes against it, underscores the mounting pressure on the company to adopt more ambitious measures to reduce carbon emissions. Chairman Goyder expressed disappointment but emphasized the
The World Diamond Council’s (WDC) updated System of Warranties (SoW) is approaching a pivotal milestone, with September 21 marking the mandatory implementation for all rough diamond sales. Elodie Daguzan, Executive Director of the WDC, emphasized the importance of transitioning to the revised SoW before the deadline, particularly for rough diamond traders, to ensure compliance with the new regulations. The revised SoW serves as a global mechanism to provide assurance that traded goods adhere to the
Mozambican President Filipe Nyusi announced last week that Exxon Mobil is actively “mobilising resources and funding” to resume its project in Cabo Delgado, with discussions focusing on security updates in the northern region. Nyusi briefed journalists on his visit to Washington this week, highlighting Exxon Mobil’s keen interest in restarting operations in Mozambique. He stated that the multinational is currently in the process of securing resources and funding for the project. Exxon Mobil had previously
Trident Energy, an international player in the oil and gas industry, has finalized agreements with major companies Chevron and TotalEnergies to acquire interests in operational fields located within the Republic of Congo. Under the terms of the agreements, Trident Energy will acquire a 31.5% non-operating stake in the Moho-Bilondo, Nkossa, and Nsoko II fields from Chevron. Additionally, it will obtain a 15.75% operated interest in the Lianzi field, also from Chevron. In separate deals with
Canadian oil and gas company Reconnaissance Energy Africa Ltd. (“ReconAfrica”) announced its intention to commence drilling the Naingopo exploration well in Namibia’s Damara Fold Belt in June 2024. Civil work to build access roads and the well pad, as well as the drilling of the water well, has already begun. When these projects are complete., the Jarvie-1 drilling rig will be mobilized to the area onshore in Namibia. In June 2024, ReconAfrica expects to begin drilling operations
