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Corporate News International Renewable Energy

Infinity Power and Pele Green Energy Secure 1.28 GW in South African Solar Projects

Infinity Power, in partnership with Pele Green Energy, has been awarded six solar projects with a combined capacity of 1.28 GW under South Africa’s Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) Seventh Round. This achievement will triple Infinity Power’s current generation capacity in South Africa, supporting its ambitious goal to deploy 10 GW of renewable energy across Africa by 2030. Expanding South Africa’s Renewable Energy Landscape The six solar photovoltaic (PV) projects, with a

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International News Renewable Energy

Chad Advances Renewable Energy with €28 Million Solar Power Initiative

The African Development Bank Group (AfDB) has approved €28 million in funding to develop solar power plants in Gassi and Lamadji, Chad, as part of its Desert to Power program. This initiative aims to expand energy access across Africa while supporting Chad’s transition to renewable energy. The financing includes €20 million in direct support—a combination of loans and grants from the Sustainable Energy Fund for Africa—and €8 million in financial guarantees. These guarantees are equally

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International Gas News

Congo Advances Refining and Gas Sector with Strategic Investments

The Congolaise de Raffinage (CORAF), a subsidiary of the state-owned Société Nationale des Pétroles du Congo (SNPC), operates Congo’s sole refinery in Pointe-Noire. Processing one million tons of crude oil annually, CORAF produces finished products like butane gas, gasoline, kerosene, light diesel, and heavy fuel oil, meeting approximately 70% of the country’s refined petroleum needs. The refinery sources most of its crude oil from the Djeno terminal, located south of Pointe-Noire. This terminal, handling 95%

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International Energy News

Egypt Secures $275 Million for Africa’s Largest Wind Farm

Egypt has obtained $275 million in funding to construct and operate the continent’s largest wind farm, the Suez Wind Project. The European Bank for Reconstruction and Development (EBRD) contributed $200 million, with an additional $75 million provided by Arab Bank and Standard Chartered. The project is co-financed by multiple international organizations, including the African Development Bank, British International Investment, Germany’s Deutsche Investitions-und Entwicklungsgesellschaft, Opec Fund for International Development, and the Arab Petroleum Investments Corporation. Situated

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International News Oil

Libya’s NOC Surpasses Oil Production Target, Eyes Future Growth

The National Oil Corporation (NOC) has announced that daily crude oil production has exceeded its annual target, reaching an impressive 1,405,609 barrels of crude oil, alongside 52,633 barrels of condensates. This milestone highlights the unwavering dedication and resilience of workers at production sites across the nation, despite challenges such as delays in approving the 2024 budget. In a statement celebrating the achievement, the NOC credited the collaborative efforts of its workforce and partners and outlined

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Oil International News

Dangote Refinery Expands Petroleum Exports to Africa and Europe

Nigeria’s Dangote Petroleum Refinery has expanded its petroleum export operations to include Cameroon, Ghana, Angola, and South Africa. The announcement was made by Devakumar Edwin, Vice President of Oil and Gas at Dangote Industries Limited, during a visit from a delegation of Japanese business leaders to Nigeria. Edwin highlighted a recent partnership with Cameroon’s Neptune Oil, enabling the export of petroleum products to the Central African nation. In addition to its growing African market presence,

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Oil International News

Eni Accelerates Second Phase of Production at Ivory Coast’s Baleine Field

Italy’s energy giant, Eni, announced the launch of the second phase of oil and gas production at Ivory Coast’s offshore Baleine field on Saturday. This milestone comes ahead of the originally scheduled start date set for late 2024. Discovered by Eni in September 2021, the Baleine field began production in August 2023. The newly commenced second phase boosts output to 60,000 barrels of oil per day (bbl/d) and 70 million standard cubic feet of associated

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International Corporate News Oil

Noble Corporation Secures $171 Million Drilling Contract with Tullow Ghana

Offshore drilling contractor Noble Corporation has secured a $171 million contract with Tullow Ghana to deploy its Noble Venturer drillship for exploration services in the West African nation. Under the 360-day contract, the Noble Venturer will drill six wells starting in May 2025. The first two wells are scheduled for completion within 120 days, followed by a maintenance period for the drill rig until the end of 2025. The remaining four wells are set to

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International Gas News Oil

Namibia’s Mines Minister Calls for Strategic Planning to Maximize Oil and Gas Benefits

Namibia’s recent oil and gas discoveries in the Orange Basin present a tremendous opportunity for economic transformation, but Minister of Mines and Energy Tom Alweendo warns that deliberate preparation and strategic planning are essential for turning potential into reality. Speaking at the launch of the Industrial Baseline Survey (IBS) Outcomes for Namibia’s upstream oil and gas (O&G) industry, Alweendo emphasized that economic benefits won’t materialize automatically. “Just because there’s a discovery doesn’t mean we’ll instantly

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International News Oil

Namibia Emerges as a Global Oil and Gas Exploration Powerhouse

Namibia is set to solidify its position as a key player in global oil and gas exploration, with four rigs preparing to commence drilling wells valued at $100–200 million each in the Orange Basin. These high-stakes operations are expected to begin within the week. Simran Bandal, Subsurface Senior Analyst at Wood Mackenzie, emphasized the potential of these developments to elevate Namibia’s standing in the global energy sector. The Orange Basin has already proven its promise

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