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Rhino Resources Awards Halliburton Contract for Offshore Namibia Project

26, April, 202426, April, 2024

Exploration firm Rhino Resources has awarded a contract to energy services company Halliburton for its deep-water multi-well construction project offshore Namibia, announced during the Namibia International Energy Conference (NIEC) 2024. Halliburton will provide solutions for the construction of exploration and appraisal wells in Block 2914A starting from Q4 – 2024. Additionally, Rhino Resources will utilize Halliburton’s well and prospect testing services as part of the contract. According to Travis Smithard, CEO of Rhino Resources, the

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Diamonds International News

BHP Makes $38.8 Billion Bid for Anglo American

26, April, 202426, April, 2024

BHP with a market valuation of $149B made a $38.8B bid for Anglo American. Anglo’s shares jumped 12% early yesterday to a market valuation of $41B following the bid. In a statement Anglo American confirmed that “it is has received an unsolicited, non-binding and highly conditional combination proposal from BHP Group Limited (“BHP”).” And that “there can be no certainty that any offer will be made nor as to the terms on which any such

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Diamonds International News

De Beers to Relocate Auction Headquarters to Gaborone, Botswana

26, April, 202426, April, 2024

De Beers announced its decision to move its auction headquarters from Singapore to Gaborone, Botswana, as part of the diamond miner’s cost-cutting initiatives. The relocation aims to streamline operations and improve efficiency while supporting the development of Botswana’s diamond sector. De Beers Group Auctions, responsible for around 10% of the company’s rough-diamond sales, will temporarily pause operations and sales events during the transition period, which is expected to take place over the coming months. Consolidating

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International Energy

Kenya: GDC Targets 218 MW Boost to National Grid Capacity

26, April, 202426, April, 2024

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

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International Renewable Energy

Burkina Faso Gets $48M Boost for Donsin Solar Plant

26, April, 202426, April, 2024

Burkina Faso has received a US$48 million boost from the Export-Import Bank of China to aid in the development of the Donsin solar power plant project and its accompanying electricity storage system. The project involves the construction of a 25 MW solar power plant at the Donsin airport site, located in the council of Loumbila in central Burkina Faso. Additionally, a 5 MW/20 MWh battery electricity storage system will be installed. This initiative underscores Burkina

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International News Renewable Energy

GameChange Solar Snags 500 MW in Southern Africa

26, April, 202426, April, 2024

GameChange Solar to Power Southern Africa with 500 MW Solar Projects Using Genius TrackerTM Technology”. These projects are strategically positioned to enhance energy supply across the region, supporting the diversification of the energy mix to help ensure a stable electricity supply, including critical mining operations. Three of the projects are in South Africa, including a Risk Mitigation Independent Power Producer Programme (RMIPPP) project in the Northern Cape and two private sector projects to supply electricity for

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International

Mauritania’s Steel Industry Fueled by Green Hydrogen

25, April, 202425, April, 2024

Mauritania has unveiled ambitious plans for large-scale projects aimed at producing 12.5 million tons of green hydrogen annually by 2035 and capturing up to 1.5% of the global hydrogen market and up to 1% of the global green steel market by 2050. EU Commission President Ursula von der Leyen highlighted the importance of green hydrogen in this process during a meeting with President Ghazouani earlier this year, stating, “The technology works, but the production of green steel

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International Oil

Sintana Energy Expands Presence in Namibia’s Orange Basin

25, April, 202425, April, 2024

Canadian oil and gas company Sintana Energy has inked a deal with Namibian energy firm Crown Energy to acquire a 67% stake in its subsidiary, Giraffe Energy, further solidifying its foothold in the lucrative Orange Basin. The agreement grants Sintana Energy access to Giraffe Energy’s 33% interest in the Petroleum Exploration License (PEL) 79, situated within the exploration blocks 2815 and 2915. Notably, PEL 79 is strategically positioned adjacent to the Mopane light-oil discoveries recently

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Local Gas News Oil

Angola Pledges Support for Namibia’s Oil and Gas Industry Development

25, April, 202425, April, 2024

Angola reiterated its commitment to aiding Namibia in the advancement of its oil and gas sector during the Namibia International Energy Conference (NIEC) held in Windhoek. Osvaldo Inácio, Executive Director of Angola’s national oil company Sonangol and Chairman of Sonangol Integrated Logistics Group (SONILS), emphasized the potential for collaboration between the two countries in bolstering Namibia’s oil and gas industry. Inácio underscored opportunities for cooperation in logistics and skills development, leveraging Angola’s extensive experience in

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Local Infrastructure News

Construction reached 6.0 percent of GDP

25, April, 202425, April, 2024

In the 2022 financial year, the Construction sector recorded real growth of around 5.5 percent with a share of the Gross Domestic Product (GDP) of 6.0 percent. According to data from the Central Balance Sheet of the National Bank of Angola (BNA), published in March of the current year, the assessment had statistical coverage of 957 companies from the most different size classes, corresponding to a weight of 83.92 per percent of the business volume

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