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Category: Energy

Local Energy News

Angola Opens Electricity Transmission to Private Investment

The Angolan government has approved amendments to the General Electricity Law, removing the state’s monopoly on electricity transmission. This move aims to attract private investment, accelerate national electrification, and support regional energy interconnections, according to Secretary of State for Energy, Arlindo Bota. The proposed law, passed in parliament on Thursday, transitions the energy transport segment from exclusive state control to a public service concession model. Speaking during an extraordinary parliamentary session, Bota emphasized that this

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Corporate News Energy International

Baker Hughes Launches Advanced Facilities to Boost Namibia’s Energy Industry

Baker Hughes has inaugurated a liquid mud plant, cement bulk facility, and integrated multi-modal hub at Walvis Bay, marking a significant step in supporting Namibia’s growing energy sector and advancing localization efforts. The liquid mud plant, Namibia’s largest by volume and capacity, alongside the cement bulk facility, will supply critical drilling and completion fluids and cement handling services for offshore oil and gas operations. Baker Hughes’ integrated multi-modal facility also features state-of-the-art testing and maintenance

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International Corporate News Energy

QatarEnergy Expands Offshore Holdings in Namibia with New Stake Acquisitions

QatarEnergy has strengthened its presence in Namibia’s upstream oil and gas sector through an agreement with TotalEnergies, increasing its stakes in two Orange Basin offshore blocks. Under the new deal, QatarEnergy will acquire an additional 5.25% stake in Block 2913B and 4.7% in Block 2912. Following the transaction, QatarEnergy’s shares will rise to 35.25% in Block 2913B and 33.025% in Block 2912. Saad Sherida Al-Kaabi, Qatar’s Minister of State for Energy Affairs and CEO of

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Local Energy Gas Oil

Angola Accelerates Energy Expansion with New Projects and Policies

Angola is fast-tracking its energy development initiatives with a series of projects and policy updates to enhance oil and gas output and promote low-carbon solutions, solidifying its role as a key regional energy producer. At African Energy Week 2024, the National Oil, Gas & Biofuels Agency (ANPG) announced that Angola’s government will release the decree for the Incremental Production Law in November. Designed to counter production declines in mature oilfields, the law introduces favorable fiscal

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International Energy News

African Development Bank Approves $54 Million Loan for Mozambique’s First Utility-Scale Wind Farm

The African Development Bank’s Board of Directors has approved a $54 million loan to finance a 120 MW onshore wind farm in Mozambique, positioning the country as a regional energy hub. This loan includes $12 million from the Sustainable Energy Fund for Africa (SEFA) and is part of a larger financing package that will involve contributions from the International Finance Corporation (IFC), U.S. International Development Finance Corporation (DFC), the Emerging Africa and Asia Infrastructure Fund

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International Energy Gas

Dangote Cement Commits $280 Million to Nigeria’s Clean Energy Future with CNG Fleet Transition

Dangote Cement Plc has underscored its commitment to Nigeria’s clean energy goals by investing over $280 million (₦460 billion) in compressed natural gas (CNG) technology and infrastructure. This substantial investment supports President Bola Ahmed Tinubu’s CNG Initiative, designed to guide Nigeria toward a low-carbon economy and provide more sustainable, cost-effective energy solutions. Arvind Pathak, Group Managing Director of Dangote Cement Plc, stated that the investment focuses on transitioning the company’s fleet to CNG, with plans

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Local Energy News

Angola’s Revised Electricity Law to Boost Private Sector Involvement in Energy Transmission

The review of Angola’s General Electricity Law, recently approved by the Council of Ministers, will soon pave the way for private sector participation in energy transmission once it receives approval from the National Assembly. This announcement was made by the Minister of Energy and Water, João Baptista Borges, during the opening of the 13th Consultative Council of the sector, held in Luanda. Borges emphasized that this development is critical for advancing cross-border energy interconnection projects

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International Energy Renewable Energy

Egypt to Add 3 GW of Solar and Wind Power by 2025 Through Private Investments

The Egyptian Ministry of Electricity and Energy plans to integrate 3 gigawatts (GW) of solar and wind power into the national grid by the summer of 2025, according to a government official who spoke to Asharq Business. The projects will be executed by private sector companies under a Build, Own, Operate (B.O.O.) model, meaning the investors will finance, construct, operate, and own the projects, while the Egyptian Electricity Transmission Company (EETC) will purchase all the

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International Energy News Oil

Egypt and TotalEnergies Discuss Strategic Energy Partnerships and Investment Opportunities

Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawi, recently met with senior officials from French energy giant TotalEnergies. The delegation included Thomas Strauss, Managing Director of TotalEnergies Marketing Egypt, and Pascal Breant, Managing Director of TotalEnergies E&P in Egypt. The meeting focused on TotalEnergies’ activities in Egypt and their plans concerning the recent EGAS bid for 2024, which seeks to explore and develop oil and gas in 12 sectors across the Mediterranean and the

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Energy

$700 Million Trans-Cunene Railway Project to Link Angola and Namibia

The $700 million “Trans-Cunene” railway project, aimed at connecting Angola and Namibia, was presented last Thursday to the Provincial Government of Namibe by Namibian company Global Business Development (GBD). Harold Luttichau, head of the consortium, outlined the project, which includes building a new 400-kilometer railway from Lubango to Cunene and rehabilitating the existing line between Lubango and Moçâmedes. The project is expected to be completed within 15 months. “This rail link will benefit not only

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