Independent oil and gas company Invictus Energy has made a natural gas and condensate discovery at its Mukuyu-2 well at the Cabora Bass project, northern Zimbabwe. “The results from Mukuyu-1 are consistent with our geological modelling of the Cabora Bassa Basin and the presence of both light oil and gas-condensate provides us with confidence as we prepare for the next phase of our appraisal program,” stated Invictus Energy Managing Director Scott Macmillan. The announcement follows
The Temane Thermal Power Station in Mozambique will commence operations this year, boosting the country’s electricity generation by 16% while fostering job creation and industrial growth. Construction of the 450 MW facility started in March 2022 and reached 65% completion in December 2023, according to Carlos Zacarias, Mozambique’s Minister of Mineral Resources and Energy. The $650 million project is Mozambique’s largest gas-fired power plant and will use gas extracted from the Pande, Temane and Inhassoro
Angola has set a target of 60% access to electricity by 2025 under the strategic plan ‘Visao 2025,’ of which solar is poised to play a central role. Supporting electrification as well as diversification, solar projects are being rolled out by the government alongside international partners and project developers. Masdar to Build 150 MW Solar Project An agreement for the development of a 150 MW solar plant was signed between Angola’s Ministry of Energy and
Diamond Standard has added former De Beers chairman and Anglo American CEO Mark Cutifani to its advisory board. Cutifani, currently chairman of Vale Base Metals, has joined Diamond Standard as the company gets ready to launch listed financial products for diamonds, it said last week. The new offering will enable investors to diversify into an under-allocated asset with significant upside potential, the New York-based company, which developed an exchange-traded diamond commodity with regulatory approval, explained.
The 7th Summit of Heads of State and Government of the Gas Exporting Countries Forum (GECF) took place in Algiers, Algeria, on March 2, 2024. During this gathering, leaders convened to endorse the Algiers Declaration, emphasizing solidarity and cooperation among member nations. Hosted by His Excellency Mr. Abdelmadjid Tebboune, President of Algeria, the summit welcomed leaders from member countries such as Bolivia, Egypt, Iran, Nigeria, and Qatar, among others. Observer and guest countries, including Angola,
The 141 MW Aba Integrated Power Project in Nigeria has been commissioned to enhance energy security in nine areas across Abia State. The power plant comprises three 47MW gas turbines, a 27km gas pipeline, rehabilitated and new substations and 140km of data communication cables. Pan-African multilateral financial institution the African Export-Import Bank (Afreximbank) provided a $50 million loan to support the completion and commissioning of the project in 2021. Prof. Benedict Oramah, President and Chairman
The Minister of State for Economic Coordination of Angola, José de Lima Massano, and the Minister of Foreign Affairs of Brazil, Mauro Vieira, held a meeting last week as part of the G20 foreign ministers’ meeting, which has been taking place since Wednesday. fair, in Brazil. At the meeting, the two ministers discussed the expansion of commercial and economic cooperation, the opening of the Consulate General of Brazil in Luanda, which will represent the opportunity to
African energy stakeholders are advocating for diversified energy development that includes fossil fuels, despite Western demands for decarbonization. Speaking in London last week, a panel of energy firms and financial institutions called for an influx of global capital, technology and expertise in helping Africa to sustainably develop its resources, rather than dictating its resource development strategy. “The collaboration we need on a global level is coming together on the funding, knowledge and technology side –
As the continent’s largest trading partner, China has played an active role in harnessing Africa’s energy resources and developing critical infrastructure to date. As the country seeks to secure future energy supplies – as well as foster regional diplomacy in the Global South – China has expanded its stakes in strategic, integrated oil and gas developments across the continent. Uniting global investors, suppliers and service providers from the East and West, the Invest in African
Etu Energias Distribuição is gearing up to unveil its latest line of lubricants on March 6th, aligning with its mission to fuel the country’s growth and invigorate the Angolan market. The launch event aims to educate consumers about the benefits of lubricants, with specialized technicians delivering presentations highlighting the diverse range of products available and their advantages. As a leading energy operator, Etu Energias is committed to various facets of the petroleum industry, including import,
