Algeria Opens Six Onshore Blocks for Hydrocarbon Exploration to Attract Global Investment

Algeria’s National Agency for the Valorization of Hydrocarbon Resources (ALNAFT) has launched six new onshore blocks for conventional hydrocarbon exploration, inviting competitive bids as part of its five-year plan to boost upstream investments. These six blocks, covering a combined area of 152,000 km², offer high-potential exploration, development, and export opportunities. Interested parties can access tender documents and data packages starting November 26, with bids due by April 15, 2025. The data sets include over 102,000

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Chevron Expands Exploration in Nigeria and Angola Amid Production Decline in West Africa

Chevron is increasing its exploration activities in Nigeria and Angola, aiming to boost production in regions where output has declined in recent years. Chevron’s Global Exploration Vice President, Liz Schwarze, emphasized the company’s commitment to West Africa, highlighting the area’s untapped potential. “West Africa is such a hydrocarbon-rich part of the world and relatively under-explored compared to other jurisdictions,” Schwarze stated, noting that while some companies are withdrawing, Chevron is actively acquiring new exploration blocks.

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Republic of Congo to Launch Gas Code and Master Plan to Boost Industry Investment

The Republic of Congo (RoC) is preparing to unveil a new Gas Code alongside a comprehensive Gas Master Plan (GMP) in the coming months, both designed to accelerate the development of its natural gas sector. These policies will act as a blueprint for investment across the RoC’s gas value chain. The Gas Code aims to establish a clear legal and regulatory framework that will attract investment in gas exploration and production. It outlines specific legal

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GridAfrica and Huawei Partner to Deliver 72 MW Solar Power for Zimbabwe’s Mining Sector

Renewable energy firm GridAfrica and global tech giant Huawei have joined forces to install 72 MW of solar power infrastructure to support Zimbabwe’s mining sector. This collaboration aims to reduce reliance on the national grid and cut operational costs for local mining companies. “This initiative will not only optimize energy usage but also provide a sustainable power source that enhances the mining sector’s efficiency and financial stability,” stated Norman Moyo, CEO of GridAfrica. The solar

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Angola Accelerates Energy Expansion with New Projects and Policies

Angola is fast-tracking its energy development initiatives with a series of projects and policy updates to enhance oil and gas output and promote low-carbon solutions, solidifying its role as a key regional energy producer. At African Energy Week 2024, the National Oil, Gas & Biofuels Agency (ANPG) announced that Angola’s government will release the decree for the Incremental Production Law in November. Designed to counter production declines in mature oilfields, the law introduces favorable fiscal

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Perenco Reaches 80,000 bpd Production Milestone in Republic of Congo

Independent hydrocarbon producer Perenco has boosted its production rate in the Republic of Congo to 80,000 barrels per day (bpd), following a $300 million investment into its Congolese operations. Looking forward, the company aims to achieve 100,000 bpd by 2025 through expanded activities and investments in new oil fields. To increase output, Perenco has employed advanced techniques to revive aging wells and tap into previously untapped reserves. In March 2024, the company strengthened its position

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Endiama Completes Compensation for Over 2,000 Former Mining Workers in Lunda Norte

Endiama, Angola’s National Diamond Company, has completed the compensation process for more than 2,000 former employees of closed mining companies in Lunda Norte, a process that had been in progress for over 12 years. This update was shared by Domingos Margarida, Executive Director of Mining Operations, Administration, and Human Resources at Endiama, during a meeting with representatives of former employees from Sociedade Mineira do Lucapa (SML) and the Luarica, Luxinge, Facauma, and Yetwene diamond projects.

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Minister Azevedo Invites Investors to Discover Angola’s Resource-Rich Potential

Last week, Angola unveiled 16 prime areas available for mining investments during the “Angolan Mining Business Forum” in Johannesburg, South Africa. The Minister of Mineral Resources, Oil, and Gas, Diamantino Azevedo, invited investors to witness Angola’s vast potential firsthand, emphasizing the country’s extensive natural resources and attractive business environment. “Come to Angola and see for yourself. We have land, high mining potential, robust infrastructure, an investor-friendly legal and tax system, and a skilled, young workforce

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AfDB Supports Zambia’s Ilute Solar Project with $8 Million Concessional Loan

The African Development Bank Group (AfDB) has approved an $8 million concessional loan to support the 25 MW Ilute Solar Photovoltaic (PV) power plant in Zambia’s Sesheke District. This funding comes from the Sustainable Energy Fund for Africa (SEFA), a multi-donor Special Fund managed by AfDB, which aims to promote sustainable energy projects across the continent. Led by Serengeti Energy Ltd. and Western Solar Power Ltd., the Ilute Solar PV project will boost Zambia’s renewable

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African Development Bank Approves $54 Million Loan for Mozambique’s First Utility-Scale Wind Farm

The African Development Bank’s Board of Directors has approved a $54 million loan to finance a 120 MW onshore wind farm in Mozambique, positioning the country as a regional energy hub. This loan includes $12 million from the Sustainable Energy Fund for Africa (SEFA) and is part of a larger financing package that will involve contributions from the International Finance Corporation (IFC), U.S. International Development Finance Corporation (DFC), the Emerging Africa and Asia Infrastructure Fund

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