
Shale Gas Is Back on The South Africa Menu, Says Mantashe
Mantashe called for a balanced development between fossil fuels and renewable energies.
Read the latest Archives of oil, gas and energy news.
Mantashe called for a balanced development between fossil fuels and renewable energies.
African countries’ window of opportunity to capitalize on the socioeconomic benefits that fossil fuels can deliver — from economic growth to energy security — is finite, hence the need for firms involved in merger and acquisitions deals in the continent to fast track exploration and production activities, writes NJ Ayuk, the Executive Chairman of the African Energy Chamber.
With the third-largest oil reserves in sub-Saharan Africa, South Sudan plans on using its fossil fuels as a catalyst for economic development and the financing of a just energy transition.
A growing number of banks are steering away from financing fossil fuels in favor of renewable energy transition projects.
As one of the major oil- and gas-producing countries in The Middle East and North Africa, Libya’s energy sector has been heavily dependent on the production of fossil fuels.
The report launch also touched on downstream and upstream models for fossil fuels, and how the African economy needs to develop its own resources.
The transition to off-grid mining and battery storage, together with the use of renewable energy to power operations, is demonstrating that the mining industry can reverse the negative public perception of its reliance on fossil fuels.
Director General of Centrale Électrique du Congo, Gianmaria Pozzoli, outlined plans to increase the company’s power generation capacity to 950 MW over three years at the Congo Energy & Investment Forum last month.
TotalEnergies to fund renewable energy projects using its oil and gas portfolio.
The power plant, located in the Ignié SEZ, will help Congo diversify its energy sources and promote sustainable industrial growth.