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The African Oil & Gas Sector Needs An Energy Boost

The past 18 months have torn through industry and sector globally, leaving behind complex layers of economic instability and financial growth uncertainty. For the oil and gas sector, these months have hit the bottom line like a hammer – as the African Energy Chamber (AEC) Africa Energy Outlook 2021 report …

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North African Oil and Gas Producers Ready for Energy Transition.

Several players active in North Africa’s oil and gas space-producing countries, independent oil companies (IOCs), service providers, and others, are already signed up for Africa Oil Week in November this year. Africa Oil Week announced that the event is temporarily moved to Dubai as a Covide-19 safety measure, but will …

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ReconAfrica unlocks petroleum potential in the Kavango basin

Authorities at the mines and energy ministries and ReconAfrica have confirmed a working petroleum system in Kavango. In ReconAfrica’s latest report the preliminary analysis of the data from the 6-2 well, the first of a three-well drilling program, provides clear evidence of a working conventional petroleum system in the Kavango …

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3rd consecutive fuel hike on the horizon

New fuel prices are on the radar, according to the latest announcement from the Ministry of Mines and Energy. The authorities say the fuel price review for April 2021 has resolved to increase the price of petrol by 50 cents per liter and diesel by 50 cents per liter. The …

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Activists advise Agric Minister on oil drilling and fracking in the Kavango basin

Save Okavango’s Unique Life (Soul) have advised Namibia’s agriculture, water and land reform minister to work with other government ministries to introduce an immediate moratorium on Canadian oil and gas firm ReconAfrica’s current petroleum exploration activities in the Kavango region in Namibia. Save Okavango’s Unique Life (Soul), an alliance of …

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Caterpillar enhance mining equipment simulators’ sustainability

Caterpillar customers will now enjoy the latest simulator-based equipment training solutions courtesy of a new deal with ThoroughTec Simulation. The development comes after a global cooperation agreement to help improve safety, boost productivity, increase machine availability and create more sustainable mining operations. Under the agreement, Caterpillar Mining will recommend ThoroughTec …

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SeaBird exploration to target deep sea mining of minerals

Oslo-listed seismic company SeaBird Exploration is set to expand into seabed mining on the Norwegian continental shelf. The company aims to spin off and separately list its marine minerals business, Green Minerals, during the first quarter of 2021. “Strategically and operationally it makes sense to develop the marine minerals business …

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Greenpeace condemns exploitation of yet another fossil fuel in South Africa

Commenting on the arrival of Total’s oil and gas drill rig DeepSea Stavanger in Cape Town on August 12, environmental organisation Greenpeace Africa says the Department of Mineral Resources and Energy “needs to get its story straight”. “The claim is that the drilling aims to diversify South Africa’s energy mix, …

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How will multinational mining companies respond to investors’ growing focus on environmental, social and governance (ESG) issues?

Despite the short-to-midterm challenges of the global pandemic, the biggest challenge for multinational mining companies over the next decade will be responding to investors’ growing focus on environmental, social and governance (ESG) issues. As a focal point of how seriously the extractives industries are now taking ESG investing, over the …

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EBHN rig repair expertise endorsed

Global oil and gas service provider, Sapura Energy has selected the Walvis Bay company – EBH Namibia (EBHN) to reactivate their 15,839 ton semi-submersible, self-erecting tender-assisted drilling platform, SKD Jaya. “We are delighted to be able to announce the successful conclusion of the agreement with Sapura Energy, as it endorses …

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