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International Energy News Renewable Energy

5 Green Hydrogen Markets to Watch in Africa in 2024

Unparalleled renewable energy resources in tandem with rising demand for sustainable energy worldwide has made Africa both a strategic and highly attractive green hydrogen market. In 2023, African nations actively prioritized the adoption of green hydrogen policies, and in 2024, are expected to accelerate project deployment and foster collaboration with private, public, and global institutions to accelerate industry expansion. Mauritania: A Strategic Investment Opportunity Mauritania, home to three large-scale projects, has emerged as one of

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International Energy News Renewable Energy

Niger’s mega Solar power plant now Operational, mitigating Niger’s 70% power loss

Following the July coup in Niger that deposed previous President Mohamed Bazoum, a fellow West African country, Nigeria chose to respond by suspending energy exports to the country. This posed a significant issue in Niger’s power sector, considering that Nigeria supplied 70% of Niger’s electricity prior to the coup. According to a report recently put out by the British news network, BBC, Niger has since then experienced cascading power outages. However, Niger’s response was to

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Local Gas News

Angola to Kick Off Green Hydrogen Project in Barra do Dande by 2024

An initiative for a green hydrogen exploration project in Barra do Dande, Bengo province, is set to commence in 2024, announced President João Lourenço during a panel discussion at the 3rd Luanda Biennale. The endeavor, to be developed in collaboration with Sonangol, the Ministry of Mineral Resources, Oil and Gas, and a German company, aims to cater to the domestic market while exporting green energy to Europe and other global consumers. President Lourenço emphasized the

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Local News Oil Petroleum

Angola Reaffirms Commitment to OPEC Despite Production Quota Disputes

Angola asserted its commitment to remain within the Organization of the Petroleum Exporting Countries (OPEC) amidst ongoing disagreements over production quotas within the organization. Estêvão Pedro, Angola’s representative at OPEC, stated that the country has no current intentions to exit the organization following the suspension of negotiations on last Wednesday evening. His remarks, made to the financial information agency Bloomberg, came after the postponement of the cartel’s meeting due to disagreements over production cuts, particularly

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Mining Local News

Japan Prepares investment in the Mining sector

A total of 45 companies in the civil construction sector participated, last week, in Luanda, at Projekta, an international fair for equipment and services for civil construction, public works, urban planning, architecture and interior decoration. Bruno Albernaz, president of the Board of Directors of Eventos Arena, the company that organized the event, recalled that this is the first fair in the sector   organized after 2019, due to the situation caused by the Covid-19 pandemic. When speaking

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Diamonds Economy Local News

Luele Mine Set to Bolster National Diamond Production

Minister of Mineral Resources, Oil, and Gas, Diamantino Azevedo, declared on Monday 27th November that the Luele Mine, situated in the province of Lunda-Sul, will significantly contribute to the country’s increased diamond output. “This inauguration marks not just the commencement of a diamond mine but the establishment of a legacy characterized by respect, responsibility, and excellence, aiming for a prosperous future for our nation,” emphasized the Minister of Mineral Resources, Oil, and Gas while addressing

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International Gas News Oil

Rhino to Drill 10 Exploration, Appraisal Wells Offshore Namibia

Oil and gas exploration and production company Rhino Resources Namibia has submitted an Environmental Clearance Certificate application to Namibia’s government to drill up to 10 exploration or appraisal wells in Block 2914 in the southern African country’s offshore Orange Basin. Rhino Resources Namibia and its partners currently hold a Petroleum Exploration License for Block 2914A and is proposing to drill exploration and appraisal wells within the Block to confirm and test the presence of hydrocarbon

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Oil International News Petroleum

Aliko Dangote Plans Public Listing of Dangote Petroleum Refinery

Aliko Dangote, Africa’s richest man has announced intentions to publicly list his Dangote Petroleum Refinery on the Nigerian Exchange Limited. Dangote made this known in an interview with the Financial Times, stating that the company has resolved challenges about crude oil supply and is now prepared for the listing. The move aligns with Dangote’s broader business strategy and could impact the company’s valuation and investor engagement positively. “We have resolved all the issues with crude

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Economy Gas International News

Potential Operation Start for Mozambique’s Temane Gas Plant in May

The equipment testing and natural gas injection phase at the Temane Thermal Power Plant (CTT), in the Inhassoro district, in the southern Mozambican province of Inhambane, budgeted at 652.3 million US dollars, may commence in May next year. The CTT is set to generate 450 megawatts of electricity using a combined cycle generation model based on natural gas, supplied to the publicly-owned electricity company, EDM, by the South African petrochemical giant SASOL, which operates the

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Economy International News Oil

Global Markets React as OPEC Decision Spurs Oil Decline and Asian Stock Markets Display Mixed Trends

Oil extended its losses on Thursday 23rd November, after OPEC announced the unexpected delay of a crucial policy meeting, indicating potential turmoil within the bloc. Concurrently, equities displayed a mixed performance following two US reports that tempered recent optimism regarding future interest rates. Both primary crude contracts experienced declines upon news that the highly anticipated gathering of major producers, including OPEC and 10 allies, would be postponed by four days to November 30. On Wednesday

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