Australian-based Invictus Energy has raised $10.2 million in capital to fund its activities in the Cabora Bassa project in Zimbabwe. The capital infusion was achieved through a private placement, following the initiation of a share purchase plan in early May 2023. “These funds will be invested into extending the recent success of our dual gas discoveries in the Upper and Lower Angwa formations and completion of a highly successful Mukuyu-2 drill campaign,” said Invictus MD
Portuguese multinational energy corporation Galp could be nearing a hydrocarbon discovery at its Mopane-1X exploration well in Namibia’s Orange Basin, according to a company report issued on Monday. Galp currently holds two exploration licenses in Namibia’s offshore: PEL 82 in the Walvis Basin and PEL 83 in the Orange Basin. Last May, the company secured the Hercules semi-submersible rig for a two-well contract plus optional well testing in PEL 83, with drilling starting last November. “The
German multinational technology company Voith has secured a one-billion-dollar contract to supply and install electrical and mechanical equipment for the 2,172 MW Caculo Cabaça hydropower plant in Angola’s Kwanza Norte Province. The project involves the installation of four 530 MW hydropower turbines, a 52 MW turbine, generators, and control and auxiliary systems. Under the contract, Voith will also establish a training center to foster local skills development and provide post-commissioning support services to ensure optimal
Advancing green hydrogen development in North Africa, ACWA Power has signed a framework agreement with Egypt’s energy authorities for the development of a four-billion-dollar green hydrogen project. Powered by wind and solar plants, the facility’s first phase will produce 600,000 tons of green ammonia per year, with a view to scaling production to two million tons per year in its second phase. Signed with The Sovereign Fund of Egypt, the Suez Canal Economic Zone, the
A partnership between renewable energy developer Mulilo and independent power producer EDF Renewables has emerged as the leading contender for three battery energy storage system (BESS) projects in South Africa. These projects, spanning the Northern Cape and North West Provinces, will contribute 257 MW/1,028 MWh to bolster the country’s electricity grid efficiency. Expected to kick off construction by mid-2024, the Oasis Aggeneis, Oasis Mookodi, and Oasis Nieuwehoop initiatives have secured a 15-year power purchase agreement
Energy advocacy group the African Energy Chamber (AEC) has successfully launched the first phase of an initiative to equip schools across Africa with solar energy through the donation of an off-grid solar power system to Willow Crescent Secondary School in Johannesburg, South Africa. The donated system, benefitting 1,700 students and staff, will reduce the school’s reliance on diesel-fired generators, thereby ensuring an uninterrupted learning environment for students during periods of load shedding. The donation forms
Sonangol inaugurated, on Friday December 22, in Luanda, a gas station with a photovoltaic energy source, an investment of 254 thousand dollars that constitutes the first of a project of 17 that the company will replicate throughout the country from 2024. The company, which is implementing its energy transition strategy, employs 102 photovoltaic panels at the Anduri Supply Station, located in the municipality of Icolo e Bengo, Estrada Nacional 230, 120 kilometers from the center
The African Energy Chamber (AEC) congratulates UTM Offshore, the Nigerian National Petroleum Company (NNPC), and the Delta State Government on the signing of a groundbreaking shareholders agreement in Abuja on Tuesday 11th December, to develop Nigeria’s first Floating Liquefied Natural Gas (FLNG) project. In line with the AEC’s commitment to African resource sovereignty, this partnership marks a significant step towards eliminating energy poverty and advancing the continent’s gas monetization agenda. Notably, the UTM FLNG project
The US is stepping up its support for diversified energy development in Libya, specifically targeting the modernization of its oil and gas sector, enhanced transparency and improved service delivery. In a bid to bring American companies into the Libyan market, the U.S. Embassy in Tripoli and US Agency for International Development (USAID) have made recent commitments to establishing a business-enabling environment, improving fiscal transparency and promoting targeted reforms in the country, coupled with a string
Standard Bank of Angola (SBA) and Azule Energy, a consortium that brings together the Angolan assets of the Italian Eni and the British BP in the Energy sector, announced that they had signed, on Monday 11th December , a protocol for the allocation of a set of benefits for the energy company’s staff, with a focus on housing credit. The president of the Board of Directors of the SBA, Luís Teles, indicated in a note
