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Category: International

International Energy Gas

Tanzania Positions Itself as a Key Player in East African Energy

Tanzania’s abundant gas reserves, estimated at around 57 trillion cubic feet (tcf), will take center stage at the Invest in African Energy (IAE) 2024 conference, highlighting the country’s quest for partnerships in exploration, development, and processing ventures. With significant offshore gas discoveries, Tanzania is poised to become a major LNG exporter, spearheading projects like the Tanzania LNG initiative. This flagship endeavor, led by Equinor, Shell, and ExxonMobil, aims to produce 10 million metric tons of

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International Oil Petroleum

TotalEnergies Partners with Zambo Energy to Enhance Fuel Supply to South Africa

TotalEnergies, a leading energy supermajor, has announced a strategic partnership with chemical manufacturing company Zambo Energy to supply fuel products to South Africa. The partnership was unveiled during an energy summit in Cape Town on April 23, reaffirming TotalEnergies’ commitment to enhancing integration with its marketing affiliates across South Africa. “Security of supply and competitiveness are paramount,” emphasized Thomas Waymel, Senior Vice-President of Trading and Shipping at TotalEnergies. “We are dedicated to expanding our energy

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International Exploration News Oil

ReconAfrica to Drill Naingopo Exploration Well in June

Canadian oil and gas company ReconAfrica will start drilling its first exploration well, Naingopo, in the Damara Fold Belt region of northeast Namibia in June 2024. Utilizing the Jarvie-1 rig, the project will target an estimated 163 million barrels of unrisked prospective oil resources or 843 billion cubic feet of unrisked prospective natural gas resources. The drilling will span approximately 90 days, reaching depths of around 12,500 feet or 3,800 meters, the company’s exploration update indicates. Brian Reinsborough, President

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International Energy Expos & Events News

NAMCOR Showcases Namibia’s Petroleum Potential at International Energy Conference

The National Petroleum Corporation of Namibia (NAMCOR) underscored Namibia’s burgeoning petroleum potential during a technical session at the Namibian International Energy Conference held on Tuesday. Namibia boasts four recognized offshore basins and two onshore basins, with over 30 exploration wells drilled thus far. Recent discoveries such as Venus-1 by TotalEnergies and Graff-1X by Shell have affirmed the presence of a viable petroleum system in Namibia’s deepwater regions. Victoria Sibeya, Executive: Upstream Exploration at NAMCOR, emphasized

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Diamonds International News

𝗕𝗢𝗧𝗦𝗪𝗔𝗡𝗔 𝗔𝗡𝗗 𝗧𝗛𝗘 𝗞𝗜𝗠𝗕𝗘𝗥𝗟𝗘𝗬 𝗣𝗥𝗢𝗖𝗘𝗦𝗦 𝗦𝗘𝗖𝗥𝗘𝗧𝗔𝗥𝗜𝗔𝗧 𝗦𝗜𝗚𝗡 𝗛𝗢𝗦𝗧 𝗖𝗢𝗨𝗡𝗧𝗥𝗬 𝗔𝗚𝗥𝗘𝗘𝗠𝗘𝗡𝗧

The Government of Botswana and the Kimberley Process Secretariat today signed Host Country Agreement, an important instrument formalising the terms on which the Kimberley Process Secretariat will be based in Botswana. The signing follows Botswana successfully competing against other bidders, being Austria, China, the Russian Federation and the United States of America. The Kimberley Process is an international and multi-stakeholder arrangement comprising governments, the diamond industry and civil society. It’s aim is to increase ethical

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Oil International News

Shell Makes Fifth Oil Discovery in Namibia

Global oil major Shell has confirmed the presence of oil deposits at the Enigma-1X well offshore Namibia. In late February 2024, Shell commenced drilling operations using Northern Ocean’s Deepsea Bollsta drilling rig as part of the firm’s Petroleum Exploration Licence 39 in Namibia. This discovery represents Shell’s fifth in the region, adding to previous successes including the Graff-1X, La Rona, Jonker-1X, and Lesedi-1X discoveries. “As part of our multi-well campaign in Namibia, Shell and its joint

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Oil International News

Oil to Remain Largest Share of Energy Mix by 2045 – OPEC

Driven on the back of road transportation, petrochemicals and aviation, global oil demand is projected to increase by more than 16 million barrels per day – rising to 116 million barrels per day – in 2045, retaining the largest share of the global energy mix at 29.5%. As such, according to OPEC’s 2023 World Oil Outlook 2045 publication, downstream investment is poised to play a significant role in meeting Africa’s energy demands and resource monetization strategies, with

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International News Oil

Galp Confirms Potential 10 Billion Barrel Oil Reserves in Namibian Discoveries

Portuguese energy company Galp Energia has concluded appraisal activities at its Mopane 1-X and 2X discoveries offshore Namibia, uncovering a potential oil reserve of at least 10 billion barrels. Testing at Mopane-1X was finalized in January, while testing at Mopane-2X took place from early March to early April this year. “The flows achieved during the well test have reached the maximum allowed limits of 14,000 barrels of oil equivalent per day, potentially positioning Mopane as an important commercial

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International News

ARDA to Create Actionable Downstream Plan Ahead of COP29

The African Refiners and Distributors Association (ARDA) is set to launch a database of sustainable energy projects across the continent on April 24. The database will serve as part of an actionable downstream plan for the association to bring to COP29 in Azerbaijan this year. Dedicated to the development of sustainable pan-African energy infrastructure projects, ARDA aims to address the economic, environmental and social challenges related to energy security on the continent. “Our association’s goal

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