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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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Local News Oil Petroleum

Angola’s OPEC Exit Redefines Global Oil Dynamics

8, January, 20248, January, 2024

Angola has recently decided to exit the Organization of the Petroleum Exporting Countries (OPEC), effective January 1, 2024, marking a pivotal shift in the global oil industry. This move, akin to Ecuador’s departure in 2020 and Qatar’s exit in 2019, heralds significant changes in the geopolitical landscape of oil production and distribution. Angola’s relationship with OPEC traces back to its membership in 2007, joining the organization’s efforts to regulate and coordinate oil production for stable

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Local Gas News

Sonagás Optimizes Production and Sales

8, January, 20248, January, 2024

The production and sale of cooking gas reached 471,583 metric tons in 2023, announced the President of the Executive Committee of Sonangol’s Gas Unit, Sonagás, stating that this figure met the established targets for the year. Miguel Barros was quoted in the December Sonangol newsletter stating that the production achieved in 2023 serves as a prelude to the record of 500,000 metric tons that the company aims to reach in 2024. The President of Sonagás’

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Local News Oil

Angola exported more oil in December

8, January, 20248, January, 2024

OPEC oil production increased in December, when Angola set January 1st as the date to leave the organization and, at the same time as Nigeria and Iraq, increased exports, providing the market with an offer that offset the effect of the cuts. from Saudi Arabia and OPEC+ allies to support the market. A survey published last week disclosing this information indicates that the Organization of Petroleum Exporting Countries produced 27.88 million barrels per day (bpd)

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Local Diamonds News

Geological research considered crucial to the Impact of the Diamond sector

8, January, 20248, January, 2024

The Minister of Mineral Resources, Oil and Gas (MIREMPET) stated, last week, in Luanda, that the Executive will continue to prioritize the carrying out of geological research, aiming to maximize profits in the various subsectors of the Extractive Industry. Diamantino Azevedo, who was speaking during the New Year’s greetings ceremony, highlighted that the research had a significant impact on the efficiency of prospecting and exploration projects carried out in 2023, especially in the diamond sector. “This important

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Gas International News Oil

Africa’s leading oil independent secures major stake in Mozambique’s Mazenga gas block

8, January, 20248, January, 2024

Africa’s largest oil independent, Aiteo, has marked a significant expansion in its global energy portfolio by acquiring a major stake in the Mazenga gas block, the largest onshore gas reserve in Africa, situated in Mozambique. The strategic acquisition was made possible through a series of agreements with Mozambique’s State oil firm, Empresa Nacional de Hidrocarbonetos (ENH), effectively positioning Aiteo as the new operator of the block. The Mazenga gas block, located in Mozambique’s prolific sedimentary

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