Construction of the Total Energies gas liquefaction plant in Cabo Delgado, Mozambique, will resume in July. According to the executive director of Saipem (Italian engineering company Saipem), Alessandro Puliti, quoted by the specialized portal for the oil sector Upstream, the restart of the project will be done gradually from July this year. Alessandro Puliti was speaking during an internet intervention (“webcast”) held last week to present the results for the fourth quarter of 2022 to
BB Energy Group, a leading independent energy trading company, has invested in Gasmeth Energy Global, a company focused on the responsible extraction, processing, and distribution of methane gas from Rwanda’s Lake Kivu The naturally-occurring gas from the Lake will be separated from the waters and processed into compressed natural gas (CNG), a non-fossil biogas, to replace conventional fuels. The CNG will substitute gasoline, diesel, and coal across the transport, industrial, and power generation sectors in Rwanda. The
Vivo Energy, a major pan-African retailer and distributor of fuels and lubricants, and Engen, which boasts around 1,300 service stations across the continent, have combined their respective African businesses to create one of the largest energy distribution companies in Africa The new group will have more than 3,900 service stations and more than two billion litres of storage capacity across 27 African countries. Petronas will sell its 74% shareholding in Engen to Vivo Energy at completion,
The Energy and Water Utilities Regulatory Authority (EWURA) has granted the Construction Approval to the East African Crude Oil Pipeline (EACOP) Ltd to construct the East African Crude Oil Pipeline which will run from Tanga, Tanzania, to Hoima, Uganda Minister for Energy, Hon. January Makamba was present at the handover event, with regional commissioners from eight of the regions where the pipeline will pass through, members of the Parliamentary Energy Committee, members of EWURA Board and Management
Electricity company Mozambique (EDM) recorded losses of around 50 million meticais (around 735,000 euros) due to the bad weather that has affected the country, the company announced. Around 30,000 customers were left without electricity, following the floods that have affected southern and central Mozambique since the beginning of February. In Boane district and Maputo city alone, the most affected areas in southern Mozambique, there are around 4,200 families who are still without electricity due to
The president of the Brazilian oil company, Jean Paul Prates, said that one of the company’s priorities during Lula da Silva’s government will be the development of offshore wind farms. Prates, in the first press conference he gave after assuming the helm of the largest Brazilian state-owned company, explained that, although Petrobras is not going to abandon its main assets or the exploration of hydrocarbons, it will focus on renewable energies to start a process
Global energy consulting and market research firm S&P Global Commodity Insights has released its latest report, Africa Energy Review and Outlook 2022-23, highlighting key trends shaping Africa’s energy sector and providing recommendations for industry stakeholders and policymakers to maximize market growth. The African Energy Chamber (AEC), as the voice of the African energy sector, strongly commends S&P Global Commodity Insights for the work which will bring global investors up to date with opportunities within Africa’s
The Israel Diamond Exchange will host on March 27th, the Diamond Conference, a summit meeting of the captains and leaders of the global diamond and jewelry industry, who will discuss and debate the most pressing issues concerning the industry, today and in the future. It will to be opened by the President of the State of Israel Isaac Herzog, and will continue with interviews, professional panels, fascinating lectures, a festive dinner and exciting networking opportunities.
The Mozambican Association of Fuel Companies (AMEPETROL) calls the situation in the sector “dramatic”, complaining that it is buying fuels at elevated prices, but without prices at filling stations being updated. “We have absolute faith that the Government understands our situation, that it is supportive and will find mechanisms to ensure that companies continue to operate normally,” the association’s president, Michel Ussene, told Lusa. Ussene was reiterating warnings AMEPETROL has voiced since the beginning of
The price of fuel suffered an average reduction of 1.5 percent of the amount paid in the purchase of petroleum derivatives, found a safe source. This reduction stems from the update of the maximum fuel prices in Cape Verde to be in force during the current month of March, carried out by the Multisectoral Regulatory Agency for the Economy (ARME). The phenomenon takes place after the average price of fuel fell 7 percent in December
