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International Energy News Renewable Energy

Morocco Allocates 1M Hectares for Green Hydrogen Projects

15, March, 202415, March, 2024

Morocco plans to allocate one million hectares of land for green hydrogen projects, part of a broader strategy to attract investment in the sector. Prime Minister Aziz Akhannouch revealed that the land allocation will be rolled out gradually, with an initial release of 300,000 hectares. The government intends to offer plots of land ranging from 10,000 to 30,000 hectares – tailored to suit the scale of proposed projects – within a structured contractual framework to

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Gas International News

East Africa Sets Sights on Becoming an LPG Hub

15, March, 202415, March, 2024

With more than 900 million Africans using biomass fuel and kerosene for cooking, liquefied petroleum gas (LPG) has emerged as a highly attractive and viable clean cooking solution. While still a fossil fuel, LPG burns more efficiently and produces fewer carbon emissions than wood, charcoal or kerosene. The fuel is both easy to store and transport, as well as able to meet Africa’s clean cooking needs reliably and to scale. East Africa is one region

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Gas International

3 Benefits Gas will Bring to Zimbabwe

15, March, 202415, March, 2024

Zimbabwe has one of the largest underexplored interior rift basins in Africa and is strategically located in close proximity to resource-rich acreage in neighboring Mozambique. Given this potential, the country is making great strides to unlock the full potential of its resources, with an exploration campaign led by independent oil and gas company Invictus Energy already showing promising results. The company recovered four hydrocarbon samples at the onshore Cabora Bassa project in December 2023, effectively

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International News Oil Petroleum

Liberty Petroleum Secures 3 Deepwater Blocks in Somalia

15, March, 202415, March, 2024

U.S.-based exploration company Liberty Petroleum signed Production Sharing Agreements (PSA) for three deepwater blocks in Somalia. Through its subsidiary Petro Quest Africa, Liberty Petroleum will explore Blocks 131, 190 and 206. The PSAs allow for a five-year exploration period and grant Liberty Petroleum approval to conduct evaluations and 3D seismic surveys. The data will determine drilling viability. “We are aware of the responsibility that now lies on our shoulders to explore and hopefully develop the

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Oil International News

BW Energy Commences Production at Hibiscus South Well in Offshore Gabon

15, March, 202415, March, 2024

Oil and gas company BW Energy has initiated production at the DHBSM-1H well, situated in the Hibiscus South Field on the Dussafu license offshore Gabon, just five months after its discovery. Currently yielding between 5,000 and 6,000 barrels of oil per day (bpd), the well is projected to recover approximately 6.6 million barrels from a total oil in place of around 22 million barrels. John Hamilton, CEO of Panoro Energy, a partner in the Dussafu

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Diamonds International News

Lucara Diamond Corp Reveals Karowe Underground Expansion Feasibility Study Results

15, March, 202415, March, 2024

Canada-based Lucara Diamond Corp has released the findings of an updated feasibility study on the Karowe Underground Expansion Project (UGP), outlining an estimated preproduction capital cost of $683 million. Situated in north-central Botswana, the Karowe UGP is anticipated to yield $1.1 billion in cash flow, prolong the Karowe mine’s lifespan by 15 years, and recover 6.8 million carats over its operational duration. Karowe, known for producing four diamonds weighing over 1,000 carats each from its

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Diamonds International News

De Beers rough Diamond sales increase to US$430m

15, March, 202415, March, 2024

De Beers Group reported that rough diamond sales increased from US$374 million in the last cycle to US$430 million in the second 2024 sales cycle. The Group released the provisional rough diamond sales figure quoted for Cycle 2 on Wednesday.According to De Beers, the figures represent the expected sales value for the period and remain subject to adjustment based on final completed sales. De Beers Group CEO Al Cook said it was pleasing to see

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International Oil Petroleum

Namibia’s Petroleum Commissioner Aims to Boost Oil Exploration Investments

15, March, 202415, March, 2024

Namibia’s Petroleum Commissioner, Maggy Shino, outlined the country’s strategy for the coming years, emphasizing the drive for increased investment in exploration activities and the utilization of technological advancements to enhance data analysis and partnerships. Shino affirmed Namibia’s commitment to maintaining an open licensing regime to attract a diverse range of oil and gas companies to explore the Namibian continental shelf. She highlighted imminent final investment decisions on discoveries by major players like Total Energies, Shell,

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Local Oil Petroleum

America in Angola: How U.S. Companies are Driving Oil Production

14, March, 202414, March, 2024

With plans to increase oil production to 1.18 million barrels per day (bpd) in 2024, Angola’s burgeoning hydrocarbons sector has created significant opportunities for global players. Boasting nine billion barrels of oil and 11 trillion cubic feet of natural gas, Angola has only just started to unlock the full potential of its resources. The country is primed to benefit from the capital and expertise of U.S. companies and investors, whose presence in the country has

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Local News Oil Petroleum

Etu Energias Launches Lubricant Line in Angola

14, March, 202414, March, 2024

Etu Energias, Angola’s largest private oil company, has inaugurated a lubricant production line in collaboration with Glide Technology, a prominent petroleum product producer in the region. The partners have established a joint venture company to spearhead the development of a state-of-the-art lubricant production facility in Luanda, the capital of Angola. With a production capacity of 1,000 tons per month, the facility is set to commence construction in 2025, requiring an investment of $5 million. Anticipating

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