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Exploration Gas International News Oil Petroleum

Namibian Exploration Poised to Stimulate Oil Boom

29, June, 202329, June, 2023

On the back of major oil and gas discoveries in recent years, Namibia’s upstream oil and gas sector is on the precipice of rapid transformation. Significant discoveries made in the southern African country’s Orange Basin in 2022 and 2023 – which include the Graff-1, Venus-1, and Jonker-1X exploration projects –, compounded by favorable fiscal incentives, have attracted oil and gas supermajors including TotalEnergies, Shell, Chevron and ExxonMobil, as well as multinational energy corporations such as

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Energy Local News

TechnipFMC signs subsea deal with Azule Energy

29, June, 202329, June, 2023

Global oil and gas company TechnipFMC has been awarded a contract by Azule Energy – a joint venture between oil and gas supermajors, Eni and bp – to supply subsea production systems for the Block 18 Infills development, offshore Angola. Announced on 26 June, the contract will involve the mobilization of between $75 million and $250 million and will see TechnipFMC design and manufacture subsea trees, a manifold, subsea distribution equipment, topside controls and spearhead the engineering, procurement

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International News Renewable Energy

South Africa and Germany Partner on Green Hydrogen Projects

29, June, 202329, June, 2023

South Africa and Germany have inked a bilateral cooperation deal for the two countries to collaborate on a series of green hydrogen projects. The deal builds on existing cooperation established between the countries and aims to support the trade and development of the resource. Green Hydrogen Lead in the Investment and Infrastructure Office of the President of South Africa Masopha Moshoeshoe stated that under the terms of the deal, Germany will provide support regarding the

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Gas Local News Oil Petroleum

Kwanza Block Tenders Spur New Wave of Investment in Angola

29, June, 202329, June, 2023

Angola’s national concessionaire the National Oil, Gas and Biofuels Agency (ANPG) signed four direct concession contracts for the production of oil blocks in the onshore Kwanza Basin. Poised to increase exploration activity and production in the southern African country’s onshore acreage, the concession involves Blocks KON 2/11/12 and 16 and will serve to encourage the participation of small- and medium-sized companies within Angola’s oil and gas space. Concession Contracts Bolster Upstream Activities The signed concession

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Gas International News Oil Petroleum

Ugandans take legal action against TotalEnergies

28, June, 202328, June, 2023

26 Ugandans filed a lawsuit against French oil firm TotalEnergies on Tuesday June 27th in Paris, France, seeking compensation for alleged abuses of human rights at the company’s huge megaprojects there. People from the impacted areas, joined by five French and Ugandan charity organizations, claim that the energy company TotalEnergies caused “serious harm,” notably to their rights to land and food. The East African Crude Oil Pipeline (Eacop) project, a 1,500 km pipeline bringing crude

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Diamonds Economy Local News

Lulo’s diamonds yield more than $10 million at SODIAM auction

27, June, 202327, June, 2023

Lucapa Diamond’s 40%-owned Lulo alluvial diamond mine, in Angola generated $10.7 million from four stones auctioned at the just-ended online rough diamond tender conducted by SODIAM. The revenue realised from the Lulo stones accounted for almost half of the $21.7 million generated from the tender. SODIAM tendered 36 single stones in total. The Angolan national diamond trading company supplied no additional information about the sizes of the four Lulo diamonds other than that they were

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Diamonds Local News

MME Namibian delegation visits ENDIAMA

27, June, 202327, June, 2023

A delegation from the Ministry of Mines and Energy of Namibia has visited the offices of ENDIAMA-E.P, with the aim of exchanging experiences to make the diamond subsector increasingly dynamic and attractive. The meeting was guided by the President of the National Diamond Company of Angola, Ganga Júnior, who also discussed with the Namibian delegation issues related to the exploitation of diamonds in the sea, an activity already developed by Namibia. Miina Gahutu, Director of

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International News Oil

Nigerian Oil Spill Pollutes Land and Rivers

27, June, 202327, June, 2023

A new oil spill at a Shell facility in Nigeria is contaminating land and a river, disrupting the lives of fishermen and farmers in the Niger Delta. According to the US news agency AP, the Nigeria Spill Detection and Response Agency (NOSDRA) announced that the spill comes from the ‘Trans-Niger’ pipeline, operated by Shell, which runs through several communities in the Eleme area. , in Ogoniland, a region where the London oil giant has faced

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Economy International News Petroleum

Fuel Subsidy Reform can Drive Economic Growth in Gabon

27, June, 202327, June, 2023

Reforming fuel subsidies could help Gabon boost the growth of its economy, the World Bank states. According to the international financial institution, current fuel subsidies in place continue to stifle development, with high fiscal and social opportunity costs leaving the economy susceptible to global price shocks. However, through the implementation of five measures, the country can mitigate such development challenges. According to the World Bank’s recent Gabon Economic Update report, measures that can be implemented

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Economy Energy International News

Senegal Inks $2.7B Climate Financing Deal with G7 Nations

27, June, 202327, June, 2023

Senegal has taken an important step towards its energy transformation ambitions by signing a $2.7 billion Just Energy Transition Partnership (JET-P) contract with G7 nations and the European Union (EU). The agreement intends to help Senegal achieve its goal of increasing the amount of renewable energy in its energy mix to 40% by 2030. The JET-P will unlock financial support from France, Germany, the EU, the United Kingdom and Canada, totaling $2.7 billion over a

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