Sahara Group to invest US$1b in LPG to boost African energy transition

AFRICA – Energy and infrastructure conglomerate, Sahara Group, plans to invest over US$1 billion to enhance access to liquefied petroleum gas (LPG) in Africa and emerging economies in a bid to boost the energy transition on the continent. Executive director of the Sahara Group, Temitope Shonubi, disclosed this at the African Refiners and Distribution Association (ARDA) conference 2021 in South Africa where he spoke on the role of LPG in Africa’s energy transition. “Sahara, through its subsidiary, WAGL Energy Limited, is already working towards investing US$1 billion to ramp up its…

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Kosmos Energy acquires additional Ghana interests for US$550m

GHANA – Kosmos Energy and Ghana National Petroleum Corp. (GNPC) have agreed to acquire interests in Tullow-operated Jubilee and TEN fields offshore Ghana from Occidental Petroleum Corp., Houston for US$750 million. Combined, the assets had a second-quarter 2021 net production of 22,000 boe/d. In a US$550-million deal that closed October 13, 2021, Kosmos gained an additional 18% interest in Jubilee field and an additional 11% interest in TEN fields. The deal increases Kosmos’ interests in Jubilee to 42.1% and in TEN to 28.1%. Consideration due to OXY at completion was…

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OLA Energy commissions US$360,555 LPG plant in Nairobi, Kenya

KENYA – OLA Energy Kenya,  the local subsidiary of Tamoil Africa Holdings Limited, has commissioned a new Ksh40 million (US$360,555) state-of-the-art Liquefied Petroleum Gas (LPG) plant in Nairobi that enables the company to double its capacity and meet the growing domestic demand for cooking gas in the country. Speaking at the commissioning, OLA Energy Kenya Operations Manager Franklin Nubi revealed that the new plant is made up of machinery with very advanced technological capabilities and its intelligent features enable it to detect leakages during the filling process. “The new LPG…

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Coal power plant plans remain in five southern African countries’ energy mix

SOUTHERN AFRICA – Five Southern Africa countries, Botswana, Malawi, Mozambique, South Africa and Zimbabwe are forging ahead with their coal power plant plans despite the global ‘no new coal’ agenda. These five African countries are part of a group of 21 countries that have more than one new coal power plant at the planning stage. The five African countries all have projects that are seeking financing from China, which now face an uncertain future following China’s recent announcement that it will end support for overseas coal projects. This is despite…

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Murray & Roberts acquires JJ White to further its North America expansion

SOUTH AFRICA – Engineering and mining contractor Murray & Roberts Holdings (M&R) is acquiring US multi-trade contractor and engineering firm JJ White Incorporated for US$28.25 million as part of its strategy to diversify and expand the services of its energy, resources, and infrastructure business platform in North America. M&R subsidiary, Clough North America Holding, is acquiring all the shares in JJ White from James White IV and Trusts. “The acquisition builds an immediate robust entry into new territories and new markets and will leverage JJ White’s existing customer base to…

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TotalEnergies Kenya picks new board chairman

KENYA – TotalEnergies Marketing Kenya Plc,  formerly Total Kenya, has appointed Mr. Olivier Van Parys to serve as the director and chairman of the board with effect from September 21, 2021. Mr. Van Prays, an insider in the French oil major, replaces Frenchman Jean-Philippe Torres who has resigned from the position he held from September 2018. The new board chair serves as the Executive Vice President of the East and Central Africa division at TotalEnergies in Paris, France. “Mr. Van Parys has worked for the TotalEnergies Company for the last 26…

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AVZ Minerals lands US$174.4m for DRC lithium project

DRC – The Australian Stock Exchange (ASX)-listed AVZ Minerals announced that it had secured US$174.4 million from a Chinese investment entity to develop its lithium and tin project in the Democratic Republic of Congo (DRC). The developer announced that CATH Energy Technologies (CATH), a private investment entity jointly owned by Pei Zhenhua and Contemporary Amperex Technology Co Limited (CATL), would earn a 24% equity interest in a multi-faceted joint venture to develop the Manono lithium and tin project. CATH would pay US$174.4 million cash for its 24% equity interest and a further amount to fund its pro-rata…

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Caledonia Mining advances multi-asset strategy with Zimbabwe acquisition

ZIMBABWE – Caledonia Mining has entered into an agreement to purchase the mining claims over the Maligreen project, a property situated in the Gweru mining district of Zimbabwe, from privately-owned Pan African Mining, for US$4 million in cash. Caledonia noted that Maligreen is a substantial brownfield exploration opportunity with significant historical exploration and evaluation work having been conducted on the property over the last 30 years. This includes an estimated 60,000 meters of diamond core and percussion drilling, 3.5 t of bulk metallurgical test work, and aeromagnetic and ground geophysical surveys. As of August 31, Maligreen is estimated to host a National Instrument…

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Exxaro deploys solar to power coal operations in Limpopo

SOUTH AFRICA –  Coal mining giant, Exxaro Resources Limited, through its wholly-owned renewable energy subsidiary, Cennergi, is developing the 70MW Lephalale solar project that will supply renewable energy to the Grootegeluk Complex, the integrated coal operations owned by another subsidiary of Exxaro, Exxaro Coal (Pty) Ltd, reports Renew Africa. “Exxaro Coal and Cennergi have concluded a term sheet setting out material terms upon which the PPA will be concluded. This is a significant strategy development milestone, which constitutes a major step towards implementing Exxaro’s decarbonization plans and progress in the Just Transition journey…

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Shell completes sale of its upstream assets in Western Desert to Cheiron Petroleum and Cairn Energy

EGYPT – Shell, a global group of energy and petrochemical companies, has completed the sale of their upstream assets in Egypt’s Western Desert to a consortium made up of subsidiaries of Cheiron Petroleum and Cairn Energy. Shell said that the sale was conducted via its subsidiaries Shell Egypt N.V. and Shell Austria GmbH for a base consideration of US$646 million and additional payments of up to US$280 million between 2021 and 2024, contingent on the oil price and the results of further exploration. Initially, the sale was announced on March…

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