Mauritania is poised to become Africa’s third-largest gas exporter with the imminent production from the Grande Tortue Ahmeyim (GTA) gas field. Major industry players such as bp, Total Energies, and Shell are actively exploring Mauritania’s basin, while the government is prioritizing the full exploitation of the country’s gas potential until 2030. As part of this strategy, Mauritania has launched the Energy Service Zone project in Nouakchott under its Gas Master Plan initiated in 2022. A
Uganda National Oil Company (UNOC) has begun distributing limited quantities of petroleum products to its subsidiaries in Tanzania and Uganda. Uganda’s fuel distribution network is currently dependent on Kenya, importing roughly $2 billion worth of petroleum per year, for which Kenya Pipeline Company handles at least 90% of the cargoes. As a result, UNOC has signed a five-year supply deal to import fuel directly from energy trader Vitol Bahrain for distribution to consumers. Last November,
Nigeria has announced a significant policy shift concerning mining licenses, stating that new licenses will only be granted to companies that present plans for local mineral processing. This development aims to enhance the value extracted from Nigeria’s solid mineral deposits and aligns with the country’s efforts to boost its economy. According to a government spokesperson cited by Reuters, this change signifies a departure from Nigeria’s historical practice of exporting raw materials. It reflects a broader
The price of gasoline in South Africa will increase in April. Diesel (diesel), however, will see some reduction. The department responsible for the measures attributed the adjustments to the increase in average international prices for gasoline products For this reason, April will be a mixed month for South African motorists in terms of fuel prices, with petrol rising, while the cost of diesel will increase or decrease slightly, depending on whether you live inland or
Environmental organizations, The Green Connection (TGC) and Natural Justice, have taken legal action against the environmental authorization granted to TotalEnergies Exploration and Production South Africa (Teepsa) for exploratory drilling in Blocks 5, 6, and 7 along the Cape Town and Cape Agulhas coast. The application, filed in the High Court, targets several respondents including Mineral Resources and Energy Minister Gwede Mantashe, the director-general of the Department of Mineral Resources and Energy (DMRE), and Forestry, Fisheries,
The West African Gas Pipeline Company Limited (WAPCo) has successfully resumed gas delivery at Tema’s Regulating and Metering Station following a temporary shutdown due to a system glitch. According to a press statement released on Saturday, March 23, the Tema facility experienced a complete shutdown around 10:30 p.m. on Friday, resulting in electricity disruptions in areas such as Tema, Lapaz, Weija, Mallam, Kasoa Barrier, and others. After working diligently throughout the night, engineers managed to
UNOC initiates petroleum product sales to oil marketing companies in Uganda and Tanzania. This is part of a broader strategy to test the waters before UNOC embarks on a direct importation agreement with the global oil titan, Vitol Bahrain. This manoeuvre signals a new era in East Africa’s energy dynamics, especially following a cooling of relations between Uganda and Kenya over fuel supply mechanisms. For years, Uganda’s fuel supply chain was heavily dependent on Kenyan
Intana Energy provides updates on the ongoing exploration campaign in Namibia’s Orange Basin, specifically on Blocks 2813A and 2814B, governed by Petroleum Exploration Licence 83 (PEL 83). Galp Energia’s subsidiary operates PEL 83, with Sintana holding an indirect 49% interest in Custos Energy, a 10% working interest owner in the license, alongside NAMCOR, Namibia’s National Petroleum Company, which also holds a 10% working interest. Chairman and CEO of Custos, Knowledge Katti, emphasizes the significance of
Egypt’s state-owned Egyptian Natural Gas Holding Company (EGAS) has taken a significant step in expanding its international footprint by establishing a subsidiary in Saudi Arabia. Named Modern Gas Saudi Arabia, the newly formed company, with an initial capital of $530,000, marks EGAS’s entry into the Saudi market, with an 80% ownership stake. This strategic move, announced by Egypt’s Ministry of Petroleum on March 17, is part of EGAS’s broader strategy to attract foreign investment and
Gem Diamonds reported a significant decline in profit for the full fiscal year of 2023, with earnings from its Letšeng deposit in Lesotho dropping to $1.6 million compared to $20.2 million in 2022. CEO Clifford Elphick attributed the decline to various global challenges, including economic uncertainties, conflicts, and a subdued diamond market. The company’s revenue fell by 26% to $140.3 million, primarily due to lower rough diamond prices resulting from the market downturn. Sales volume
