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International Energy Gas News Oil

COP28: Mozambique launches Energy Transition Strategy at Climate Change Summit

Mozambican President Filipe Nyusi launched on Saturday 2nd December, in Dubai, the Energy Transition Strategy for 2023-2030, an initiative intended to place the country at the forefront of climate innovation, as well as making it an attractive investment destination. The launch took place during a panel at the United Nations Climate Change Summit, COP 28. “The Strategy’s mission is to leverage Mozambique’s abundant renewable and natural resources to accelerate the implementation of a low-carbon development

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Energy News Renewable Energy

COP 28: Italy pledges €5 million to advance sustainable energy in Africa

Italy has committed a new €5 million to support Africa’s sustainable energy initiatives through the Special Fund of the Sustainable Energy Fund for Africa (SEFA). The announcement of this new contribution was made by Vannia Gava, the Italian Deputy Minister of Environment and Energy Security, during a side event at the 2023 United Nations Climate Change Conference, COP28, on Monday 4th December. The event co-organised by Res4Africa Foundation and GSE co-organised focused on the necessity

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International Energy News

TotalEnergies Leads Top Large-Scale Solar PV Developers Globally

French multinational integrated energy company, TotalEnergies, has been ranked as the leading large-scale solar photovoltaic (PV) developer in the world. With a total capacity of 41.3 GW, the supermajor ranks as the top company for projects currently under construction, while also taking the top spot for awarded Power Purchase Agreement (PPA) projects and operational projects, with 29.3 GW and 12 GW, respectively. Targeting data from July 2022 to June 2023, Mercom Capital Group’s Annual Global

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International Energy Gas News Oil

Invictus Energy Extends Rig Contract Onshore Zimbabwe

Independent upstream oil and gas company, Invictus Energy, has extended its contract with European onshore drilling contractor, Exalo Drilling, for its Rig 202 by up to two years at the Cabora Bassa Project in Zimbabwe. The extension will enable Exalo Drilling to undertake maintenance on Rig 202, which will remain stacked at the Mukuyu-2 well, providing for the drilling and testing of future wells within the basin. “The contract amendment…underpins our confidence in the basin and provides us

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Oil Energy International Petroleum

Chappal Energies to Acquire Equinor’s Nigerian Assets

Nigeria’s Chappal Energies is set to acquire the Nigerian business of Norwegian multinational energy company Equinor. Announced last week, the transaction involves the sale of Equinor Nigeria Energy Company, which holds 53.85% ownership in Oil Mining License 128. The license includes a 20.21% stake in the offshore Agbami field, which was the second major deepwater oil field discovered off the Niger Delta and is currently operated by Chevron. “Chappal Energies is a committed Nigerian-owned energy

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Local Energy Gas News Oil

Angola’s Oil & Gas Investments Surge Amid European Energy Diversification Drive

Investments in Angola’s oil and gas sector are set to escalate in response to Europe’s bid to diversify its energy supply amidst the conflict in Ukraine. The Economist Intelligence Unit’s (EIU) projections for Angola between 2024-2028, accessed by Lusa, foresee an upsurge in both oil and gas investments. EIU analysts anticipate a surge in oil production fueled by government-driven reforms to attract fresh investments. Public tenders slated for 2025, extending to the ‘onshore’ sector, are

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International Energy Infrastructure News

Germany and Italy to Develop North Africa Pipeline Project

Germany and Italy are set to collaborate on the construction of a hydrogen pipeline stretching from North Africa to southern Germany. German Chancellor Olaf Scholz and Italian Prime Minister Giorgia Meloni formalized this partnership through the signing of an Action Plan for Strategic Cooperation, reinforcing energy ties between the two nations. The plan outlines the intention to progress the construction of new gas and hydrogen pipelines connecting Germany and Italy via Austria or Switzerland, with

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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 Energy News

Aliança renews insurance for Solar Project in the South of the Country

Aliança Seguros issued last week, in Luanda, the policy for the second contract with MCA to ensure the construction of the second phase of the Rural Electrification Project, through the installation of solar panels in the provinces of Bié, Lunda-Norte, Lunda-Sul , Malanje and Moxico. According to a press release, two million more solar panels will be installed in the southern region of the country. Aliança Seguros was chosen to ensure the entire MCA –

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