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Diamonds International News

Rough year for De Beers as rough Diamond sales continue to fall

11, January, 202411, January, 2024

De Beers has recorded the lowest rough diamond sales in two years, with the company’s CEO Al Cook attributing the poor sales to macroeconomic challenges.The Anglo-American company says it sold US$80m worth of rough diamonds for circle 9, which covers the period 4 October to 3 November 2023.In cycle 8, from 18 September to 3 October 2023, the rough diamond sales were US$200m, while in cycle 7, between 14 and 29 August 2023, the sales

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International News Oil Petroleum

Nigeria’s Dangote refinery prepares for test runs after sixth crude delivery

9, January, 20249, January, 2024

Nigeria’s Dangote oil refinery might kick off test runs this week after receiving its sixth crude cargo on Monday, following years of construction delays. The arrival of the sixth crude cargo from the Agbami field in the Niger Delta brings the total crude stock received at the facility to six million barrels of oil, the required amount to bring the 650,000 barrels per day (bpd) facility to life. The refinery’s operation is expected to turn

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Petroleum News Oil

TotalEnergies arrive in Uganda for audit of the highly controversial Eacop project

9, January, 20249, January, 2024

The French oil conglomerate TotalEnergies recently disclosed that it had begun a new phase in a project that has become a bone of contention globally. The oil giants said on Thursday that they had initiated a land acquisition assessment for the East African Crude Oil Pipeline (Eacop). The project since its launch has been the subject of a heated dispute between environmentalists and its primary stakeholders. “This mission will evaluate the land acquisition procedures implemented,

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International Energy News Oil

Namibia: Positive Signs from Galp’s Mopane-1X Well

9, January, 20249, January, 2024

Portuguese multinational energy corporation Galp could be nearing a hydrocarbon discovery at its Mopane-1X exploration well in Namibia’s Orange Basin, according to a company report issued on Monday. Galp currently holds two exploration licenses in Namibia’s offshore: PEL 82 in the Walvis Basin and PEL 83 in the Orange Basin. Last May, the company secured the Hercules semi-submersible rig for a two-well contract plus optional well testing in PEL 83, with drilling starting last November. “The

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Local Energy News

Angola’s Hydropower Sector Sees Uptick in Activity

9, January, 20249, January, 2024

German multinational technology company Voith has secured a one-billion-dollar contract to supply and install electrical and mechanical equipment for the 2,172 MW Caculo Cabaça hydropower plant in Angola’s Kwanza Norte Province. The project involves the installation of four 530 MW hydropower turbines, a 52 MW turbine, generators, and control and auxiliary systems. Under the contract, Voith will also establish a training center to foster local skills development and provide post-commissioning support services to ensure optimal

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International Energy News

Egypt: ACWA Power Advances $4B Green Hydrogen Project

9, January, 20249, January, 2024

Advancing green hydrogen development in North Africa, ACWA Power has signed a framework agreement with Egypt’s energy authorities for the development of a four-billion-dollar green hydrogen project. Powered by wind and solar plants, the facility’s first phase will produce 600,000 tons of green ammonia per year, with a view to scaling production to two million tons per year in its second phase. Signed with The Sovereign Fund of Egypt, the Suez Canal Economic Zone, the

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Local News

Atlantic Railway postpones export of 960 tons of Copper

9, January, 20249, January, 2024

The export of 960 tons of raw copper ore, from the Kolwezi region, Democratic Republic of Congo (DRC), to the international market, which was scheduled to begin on Monday, 8th, should only begin on the 18th of this month. The information was provided by the Commercial Director of Lobito Atlantic Railway (LAR), Artur Silva. However, there was no need to clarify the reasons underlying the change in the shipment date and the destination of the cargo,

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International Energy News

Mulilo-EDF Renewables Consortium to Power South Africa’s Grid with Battery Energy Storage Systems

9, January, 20249, January, 2024

A partnership between renewable energy developer Mulilo and independent power producer EDF Renewables has emerged as the leading contender for three battery energy storage system (BESS) projects in South Africa. These projects, spanning the Northern Cape and North West Provinces, will contribute 257 MW/1,028 MWh to bolster the country’s electricity grid efficiency. Expected to kick off construction by mid-2024, the Oasis Aggeneis, Oasis Mookodi, and Oasis Nieuwehoop initiatives have secured a 15-year power purchase agreement

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International Energy

AEC Launches Project to Power Schools with Off-Grid Solar

8, January, 20248, January, 2024

Energy advocacy group the African Energy Chamber (AEC) has successfully launched the first phase of an initiative to equip schools across Africa with solar energy through the donation of an off-grid solar power system to Willow Crescent Secondary School in Johannesburg, South Africa. The donated system, benefitting 1,700 students and staff, will reduce the school’s reliance on diesel-fired generators, thereby ensuring an uninterrupted learning environment for students during periods of load shedding. The donation forms

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International Energy News

SDG Namibia One Fund Takes Equity Stake in Hyphen Hydrogen Project

8, January, 20248, January, 2024

Namibia’s dedicated green hydrogen blended finance vehicle, SDG Namibia One Fund, has entered into an agreement with Hyphen Hydrogen Energy to acquire a 24% stake in the latter’s $10-billion green hydrogen development. The Fund will contribute €23 million ($25.1 million) to support the development of Hyphen Energy’s Tsau – Khaeb Green Hydrogen project, the first large-scale green hydrogen facility in Namibia and the largest in sub-Saharan Africa. According to Benedict Libanda, CEO of the Environmental

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