First Independent Mena Newspaper
Namibia has made its third light oil discovery 270 km off its coast in the Orange Basin, though experts say the southern African country will only reap the rewards of these discoveries in a few years. The drilling process in the Orange Basin started in December 2022 and was successfully finished in recent days, according […]
China Natural Resources (CNR) has acquired Zimbabwe’s Williams Minerals lithium mine from Feishang Group and Top Pacific for $1.75 billion, the aim being to strengthen the Chinese company’s position in the lithium market and increase its capacity to supply the critical resource to its customers. This strategic move by CNR was motivated by the rising […]
Russia has found alternative markets to the European space as North African countries now line up for purchases of the Russian oil products despite western sanctions, Wall Street Journal (WSJ) has revealed. The US media outlet in a report notes that Morocco, Algeria, Egypt and Tunisia have stepped forward to become voracious buyers of its […]
British company Genel Energy announced a petroleum agreement and association contract sealed with the Office National des Hydrocarbures et des Mines (ONHYM) for offshore exploration in Lagzira block in Morocco. The deal sets out an eight-year exploration term consisting of three phases. The Lagzira block (formerly Sidi Moussa) is a large offshore license that hosts […]
A French court has dismissed a landmark lawsuit against controversial TotalEnergies projects in east Africa, which was filed by six French and Ugandan activist groups in 2018, using a 2017 law on multinationals operating outside France. This was the first time that NGOs tried to halt an oil project through a Paris courthouse. As Uganda […]
Africa needs to accelerate the financing for energy access in the continent with clear targets and steps for ensuring the achievement of universal energy access by 2030 — this appeal was made during a recent presidential roundtable on the side-lines of the 36th Ordinary Session of the Assembly of the African Union (AU). The event […]
Africa needs to accelerate the financing for energy access in the continent with clear targets and steps for ensuring the achievement of universal energy access by 2030 — this appeal was made during a recent presidential roundtable on the side-lines of the 36th AU Summit. The event which was organized by the AU Commission (AUC) […]
When Algeria unilaterally cut gas supplies through the Maghreb-Europe gas pipeline in late 2021, it was expecting Morocco to succumb to darkness and electricity cuts. But none of that happened. Instead, a new energy partnership was forged with Spain giving the halted pipeline a new life. Spain received annually 2 million euros from Morocco for […]
Independent Perenco has announced the investment of $1 billion for construction of a Liquefied Natural Gas unit in Gabon. The company-based in London said it presented the plan for the unit to the Minister of Oil and Gas, and the subsequent technical approval by the Gabonese authorities in December 2022. The unit will be located […]
Africa’s gas share in the global market will increase from 6% of all gas supplies in 2021 to over 11% by 2050, according to a report by Gas Exporting Countries Forum (GECF). Gas production in the continent is forecast to increase from 260bn cubic meters in 2021, to 585bn cubic meters in 2050, on the […]