Light oil has been discovered 270 kilometres (km) off the coast of Namibia, according to the National Petroleum Company of Namibia (NAMCOR) and its partners in the Jonker-1X deep-water exploration project, Shell and Qatar Energy. The well was drilled in Orange Basin Block 2913A in 2914B (PEL 0039). The drilling process started in December 2022 and was successfully finished in early March 2023. Namibia, an OPEC member Angola’s southern neighbor, might become another oil producer
West and southern Africa Ministers responsible for climate change have visited the German Bundestag in Berlin as part of a inter-ministerial meeting to round-off a decade of climate partnership between Africa and Germany through the West African Science Service Centre on Climate Change and Adapted Land Use (WASCAL) and the Southern Africa Science Service Centre on Climate Change and adapted land management (SASSCAL) Among the key issues discussed were the success stories of the two
Russian oil flows are increasingly moving in an eastern direction, while fuels produced in the East will move in a western direction, Vitol’s chief executive Russell Hardy said at an industry event. “It’s going to go further and longer distances and find different markets, and in doing that it’s going to have to trade at a discount,” Hardy said of Russian oil, as quoted by Reuters. “You’re beginning to see that with fuel coming east that would
Gem Diamonds has recovered an exceptional 122-carat D colour Type II white diamond at its 70%-owned Letšeng mine in Lesotho. This is the first diamond greater than 100 carats that the company has recovered this year. It only recovered four diamonds greater than 100 carats in 2022 from six in 2021, which was lower than the 14-year average of eight. This impacted the overall revenue generated last year. Gem sold 107 498 carats in 2022
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
