Energy major Kosmos Energy aims to increase production two-fold by the end of 2024, with milestones achieved across the company’s operations in Ghana, Equatorial Guinea and Senegal/Mauritania supporting this objective. According to the company’s Chairman and CEO Andrew G. Inglis, “Kosmos has had an active start to the year, continuing the operational and financial momentum we saw in 2023.” In Ghana, Kosmos Energy brought four wells online at the Jubilee Field in 2024, including one
Egyptian Natural Gas Holding Company (EGAS) has signed a 20-month agreement with energy infrastructure firms Höegh LNG and Australian Industrial Energy (AIE) to deploy a Floating Storage and Regasification unit (FSRU) in Ain Sokhna, Egypt. Höegh LNG will provide its FSRU unit, Hoegh Galleon, for use in Egypt from June 2024 to February 2025. Afterward, the unit will be deployed to Port Kembla in Australia under a 15-year contract with AIE.Top of Form Bottom of
Mauritania and Saudi Arabia have inked a Memorandum of Understanding (MOU) aimed at fostering knowledge exchange and collaboration within the clean energy sector. The agreement covers a wide array of areas, including renewables, green hydrogen, power, and carbon capture technologies. The MOU was signed by Saudi Energy Minister Prince Abdulaziz bin Salman Al-Saud and Mauritanian Minister of Petroleum, Mines, and Energy Nani Ould Chrougha during a special session at the World Economic Forum in Riyadh
South Africa’s Department of Forestry, Fisheries and the Environment (DFFE) has introduced fresh guidelines for solar photovoltaic (PV) and battery energy storage systems (BESS) developed in areas of “low” or “medium” environmental sensitivity. The guidelines represent a shift in South Africa’s renewable energy strategy, aiming to expedite renewable investments and project development while ensuring the protection of environmentally sensitive regions. In eligible zones, developers can streamline the environmental authorization (EA) process, reducing bureaucratic hurdles. Under
Angola’s energy sector continues to demonstrate resilience and potential, as highlighted by recent reports from the Ministry of Mineral Resources, Oil and Gas (MIREMPET). In the first quarter of 2024, the country exported a significant volume of Liquefied Natural Gas (LNG), Liquefied Petroleum Gas (LPG), and condensates, totaling 966,394 metric tons, generating revenue of $393.6 million. While these figures represent a slight decrease compared to the previous quarter, they underscore the ongoing strength of Angola’s
Kenya’s state-owned Geothermal Development Company (GDC) aims to bolster the country’s national grid with an additional 218 MW by 2027, as outlined in its recently released Strategic Plan 2023-2027. The GDC aims to develop six steam fields — Paka, Silali, Korosi-Chepchuk, Suswa, Menegai Caldera and Menengai West — and drill 57 wells. The resource development plan will require an estimated budget of KSh102.2 billion (approximately $802 million). “Today, GDC has harnessed a total of 560 MW of
Woodside Energy encountered significant shareholder resistance on Wednesday as investors rejected its climate transition plan, highlighting growing concerns among activists regarding the company’s fossil fuel projects. Despite this setback, the chairman managed to retain his position following a contentious vote. The rejection of Woodside’s climate plan, with 58% of votes against it, underscores the mounting pressure on the company to adopt more ambitious measures to reduce carbon emissions. Chairman Goyder expressed disappointment but emphasized the
Tanzania’s abundant gas reserves, estimated at around 57 trillion cubic feet (tcf), will take center stage at the Invest in African Energy (IAE) 2024 conference, highlighting the country’s quest for partnerships in exploration, development, and processing ventures. With significant offshore gas discoveries, Tanzania is poised to become a major LNG exporter, spearheading projects like the Tanzania LNG initiative. This flagship endeavor, led by Equinor, Shell, and ExxonMobil, aims to produce 10 million metric tons of
The National Petroleum Corporation of Namibia (NAMCOR) underscored Namibia’s burgeoning petroleum potential during a technical session at the Namibian International Energy Conference held on Tuesday. Namibia boasts four recognized offshore basins and two onshore basins, with over 30 exploration wells drilled thus far. Recent discoveries such as Venus-1 by TotalEnergies and Graff-1X by Shell have affirmed the presence of a viable petroleum system in Namibia’s deepwater regions. Victoria Sibeya, Executive: Upstream Exploration at NAMCOR, emphasized
Botala Energy Ltd. (ASX:BTE) has partnered with AAAS Energy BV, a solar developer focusing on Sub-Saharan Africa, to explore the potential for installing up to 250 MW of solar capacity at an energy hub currently under development in Botswana. Located near the town of Palapye, the Leupane Energy Hub and Industrial Park, operated by Botala, is envisioned as the site for this ambitious solar project. With plans to expand, the hub could eventually accommodate up
