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International

DR Congo signs carbon credit deal covering Congo basin

13, December, 202313, December, 2023

The Democratic Republic of Congo has signed an agreement with a US company for a carbon credit deal covering the Congo Basin rainforest and peatlands. The dClimate company will help DR Congo to preserve the basin by reducing deforestation. The deal is aimed at preserving more than 100 million tonnes of carbon dioxide in the forest. In recent years, environmentalists have raised alarm over the depletion of thousands of acres in the Congo basin through

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International Gas News

Top 5 Gas Flaring Reduction Projects to Watch in Libya

12, December, 202312, December, 2023

Libya’s National Oil Corporation (NOC) has been vocal about its intent to decarbonize energy sector activities. Emphasizing the reduction of gas flaring, the country aims to achieve net-zero emissions by 2030, supported by several initiatives led by Libya’s leading operators. By creating economic pathways to gas monetization, particularly for marginal fields in which gas flaring is a common practice, producers can capture more value from their resources, while eliminating a significant source of greenhouse gas

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International Energy Renewable Energy

Hyphen Hydrogen, DBSA Sign $5.4M Project Preparation Facility

12, December, 202312, December, 2023

Green hydrogen development company, Hyphen Hydrogen Energy, has signed a Project Preparation Facility (PPF) agreement with the Development Bank of Southern Africa (DBSA) for its large-scale green hydrogen project in Namibia. To the tune of $5.4 million, the PPF will support the engineering, environmental and socioeconomic components of the project. “The DBSA and Hyphen’s partnership will facilitate the creation of a new asset class in the energy sector with a profound and positive economic, social

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Energy International

South Africa’s nuclear power expansion targets 2,500 MW amidst Energy woes

12, December, 202312, December, 2023

Electricity Minister, Kgosientsho Ramokgopa has announced that South Africa will initiate a procurement process for an additional 2,500 megawatts (MW) of nuclear power to tackle blackouts that have crippled the nation. The first of the new units will likely be operational in 2032 or 2033, Department of Energy Deputy Director-General for Nuclear Zizamele Mbambo told reporters Tuesday in the capital, Pretoria. According to data provided by Eskom, South Africa is facing a severe electricity crisis

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International Oil Petroleum

Dangote Refinery finally receives its first shipment of crude after years of delay

12, December, 202312, December, 2023

Dangote’s 650,000 b/d refinery has received its initial crude feedstock in the country, as reported by market sources and tanker tracking data, according to SP Global. This development signals the commencement of fuel production at the long-awaited $19 billion facility after enduring years of delays. The OTIS tanker loaded a 950,000-barrel cargo of Nigeria’s Agbami crude on Dec. 6 to Lekki, the nearest land port to Dangote’s offshore crude receiving terminal. The Suezmax tanker, chartered

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Oil International Petroleum

Dangote Refinery to Launch Diesel and JetA1 in Early 2024

12, December, 202312, December, 2023

The Dangote refinery will start the production of Automotive Gas Oil (diesel) and JetA1 (aviation fuel) in January 2024. However, the production of Premium Motor Spirit popularly called petrol is being delayed by the supply of crude oil in instalments. This is because the facility requires a minimum of six million barrels of crude oil to kick-start the full production of refined petroleum products including Automotive Gas Oil (diesel), Premium Motor Spirit (petrol), Jet A1

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International Oil Petroleum

Niger to begin Oil exports via Benin Pipeline in January

12, December, 202312, December, 2023

Niger expects to export its first barrels of crude oil through a newly established Niger-Benin pipeline in January, as stated by the country’s military leader, Abdourahamane Tiani, on state television. The export pipeline project, supported by PetroChina, was inaugurated on November 1, connecting Niger’s Agadem oilfield to the Benin port of Cotonou, Reuters reported. Tiani mentioned in an interview on Niger’s RTS channel on Sunday that the storage tanks in Cotonou are currently being filled

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Mining Gas Local News Oil

First Oil well to be Drilled in Nambile in 2024

12, December, 202312, December, 2023

The Ministry of Mineral Resources, Oil, and Gas convened a crucial seminar in Moçâmedes since Monday December 11th, focusing on investment prospects within Namibe province’s sector. Notably, this gathering anticipates the imminent commencement of offshore oil exploration. Under the theme “Sustainable Exploration of Mineral Resources, Oil, and Gas,” the seminar concludes today following comprehensive presentations on the province’s potential. The agenda featured an exhibition spotlighting equipment crucial for preventing and managing oil spills during exploration.

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Gas International News Oil

Invictus Energy Announces Gas Discovery Onshore Zimbabwe

11, December, 202311, December, 2023

Australian-listed independent oil and gas company, Invictus Energy, has made a gas discovery at the Mukuyu-2 well in Zimbabwe. Representing the second exploration well drilled at the onshore Cabora Bassa Project, the find has opened up the basin, which represents one of the largest underexplored interior rift basins in Africa. Located seven kilometers from the Mukuyu-1 well, the Mukuyu-2 well was spudded in Q3 2023, with a total of four hydrocarbon samples recovered from two

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Local News Oil

Oil sales from Angola to Spain doubled to 548 thousand tons in October

11, December, 202311, December, 2023

Official data from the Spanish energy regulator, CORES, as reported by Bloomberg, reveals a substantial spike in Angola’s oil imports in October, hitting the highest volume since August 2018. This surge saw imports doubling compared to the same period in 2022, reaching a notable 548 thousand tons. Brazil, maintaining its stronghold as Spain’s primary oil provider for the fourth consecutive month, outpaced the United States in October. Post-Brazil, the most significant oil suppliers to Spain

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