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International News Renewable Energy

Mozambique and Germany Partner to Advance Green Hydrogen Development

Mozambique and Germany have signed a €500,000 financing agreement to support the development of the Green Hydrogen Project in Mozambique, aiming to diversify the country’s energy matrix. “The promotion of green hydrogen in Mozambique can help diversify energy supply, create job opportunities, and drive industrial and infrastructure development,” said Ronald Münch, Germany’s ambassador to Mozambique, in a joint statement. The agreement was signed between Eletricidade de Moçambique (EDM) and the German Development Bank (KfW), which

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International Gold

Fatal Accidents Highlight Dangers of Illegal Gold Mining in Manica in Mozambique

Two men have died in an artisanal gold mine in Nhampassa, Báruè district, Manica province. One was killed when a tunnel collapsed, while the other suffered fatal injuries after falling into a mining pit. The first victim died instantly at the scene, while the second succumbed to his injuries on the way to Catandica District Hospital after being rescued by fellow miners. The mining site is owned by Sociedade Mineira de Nhampassa (SOMINHA). According to

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International

TotalEnergies Supports Official Investigations into Human Rights Allegations in Mozambique

Mozambique LNG, in which TotalEnergies holds a 26.5% stake, has called for a formal investigation into alleged human rights abuses reportedly committed by members of Mozambique’s Defence and Security Forces in the Afungi Peninsula, Cabo Delgado, during the summer of 2021. Following media reports in 2024, the company requested in November that Mozambican authorities investigate the claims to establish the facts. During his meetings in late January with Mozambique’s new leadership, including President Daniel Chapo,

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International

Drydocks World to Overhaul FPSO Baobab Ivoirien for MODEC

Drydocks World has been selected by MODEC to carry out a major refurbishment of the FPSO Baobab Ivoirien, which operates in West Africa. The project will include extensive upgrades to enhance the unit’s performance and extend its operational lifespan in the region’s offshore energy sector. The FPSO, which recently completed operations at Côte d’Ivoire’s deepwater Baobab field, will undergo significant modifications to meet industry standards and improve efficiency. Drydocks World will oversee the overhaul, ensuring

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International Energy

Global Energy Demand Hits Record High in 2024

Global natural gas demand surged by 2.7% in 2024, reaching an all-time high, according to the International Energy Agency’s Global Energy Review. Emerging and developing economies accounted for three-quarters of this growth, with total demand rising by 115 billion cubic meters. Industrial activity and electricity generation drove 75% of this increase. Gas demand for power generation climbed 2.8%, while residential and commercial consumption grew by 1.1%. Natural gas remained the second-largest power source, supplying 20%

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Gold International News

GoldStone Resources Boosts Production at Homase Mine in Ghana

GoldStone Resources, a gold producer and explorer, has increased production at its Homase Mine in Ghana, achieving a gold dore pour of 598.9 ounces as of March 24—a 14% rise from the previous month. This milestone aligns with the company’s ongoing expansion efforts to access deeper ore at Pit 1, where operations are set to resume later this month. Increased stacking and improved leach kinetics are expected to drive further production gains in the coming

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Gas International News

ONGC Videsh Advances Offshore Gas Project in Mozambique

ONGC Videsh Ltd (OVL) is making progress on its offshore gas exploration project in Mozambique, where on-ground activities have resumed, officials confirmed. The OVL board recently approved an investment of ₹1,500 crore into the joint venture (JV) there. OVL, the international arm of India’s state-owned Oil and Natural Gas Corporation (ONGC), holds a 10% stake in the $20 billion “Offshore Area 1” LNG project. The project has been under force majeure since April 2021 due

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International News Oil

Uganda’s EACOP Secures First Tranche of External Financing

The company behind Uganda’s East African Crude Oil Pipeline (EACOP) has secured its first tranche of external financing from a consortium of financial institutions, including commercial banks and Afreximbank, EACOP Ltd announced on Wednesday. Among the financiers are Standard Bank, Stanbic Bank Uganda, KCB Bank Uganda, and Saudi Arabia’s Islamic Corporation for the Development of the Private Sector. “The successful closing of this first tranche represents a significant milestone,” the company stated, though it did

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Oil International News

Nigeria’s Trans Niger Pipeline Restored After Explosion

Nigeria’s Trans Niger oil pipeline (TNP) is now fully operational following an explosion last week, Renaissance spokesperson Tony Okonedo confirmed on Tuesday. The 450,000-barrel-per-day (bpd) pipeline is a critical export route, transporting crude to the Bonny terminal, a key hub for Nigeria, Africa’s largest oil producer. Following the March 19 explosion, oil flow through the TNP was temporarily rerouted to an alternative line, according to Renaissance Group, the Nigerian oil consortium that acquired Shell’s former

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Corporate News International Oil

Dangote Refinery Fuels Record U.S. Jet Fuel Imports Amid Market Shifts

U.S. jet fuel imports are set to hit their highest level in two years this March, driven largely by shipments from Nigeria’s Dangote refinery to North America. Analysts suggest this influx could ease aviation fuel prices ahead of the peak summer travel season, Reuters reported. The 650,000 barrels-per-day (bpd) Dangote refinery, Africa’s largest, is rapidly reshaping global fuel markets. Initially challenging European refiners in gasoline exports, the facility is now making strides in the U.S.

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