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Namibia

Hydrostor secures $55mn Canadian support for its storage project in Australia
The Canadian government grants $55mn funding to Hydrostor to support the development of its 200 MW Silver City storage project in New South Wales.
Gibson Energy renews share buyback programme for 12 months
Gibson Energy has received approval from the Toronto Stock Exchange to extend its normal course issuer bid, covering up to 7.5% of the public float over a one-year period starting 18 September.

Canadian exports to China rise on back of expanded TMX pipeline

Canadian crude shipments from the Pacific Coast reached 13.7 million barrels in August, driven by a notable increase in deliveries to China and a drop in flows to the US Gulf Coast.
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Premier American Uranium targets merger completion with Nuclear Fuels by September 19
Premier American Uranium and Nuclear Fuels have announced a target date of around September 19 to finalise their strategic consolidation, pending final approval from the TSX Venture Exchange.
Canada fast-tracks five major energy and mining projects
The Canadian government aims to reduce approval delays for strategic projects, including liquefied natural gas, nuclear and mining operations, amid growing trade tensions with the United States.

IEA warns of 3.3 million barrel oil surplus in 2026

Increased output from Opec+ and non-member producers is expected to create a global oil surplus as early as 2025, putting pressure on crude prices, according to the International Energy Agency.
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Anglo American and Teck merge to form copper giant in zero-premium deal
The announced merger between Anglo American and Teck forms Anglo Teck, a new copper-focused leader structured for growth, with a no-premium share structure and a $4.5bn special dividend.
Phillips 66 takes full control of two US refineries for $1.4bn
Phillips 66 acquires Cenovus Energy’s remaining 50% in WRB Refining, strengthening its US market position with two major sites totalling 495,000 barrels per day.

ReconAfrica secures offshore block in Gabon with production sharing contract

Reconnaissance Energy Africa Ltd. enters Gabonese offshore with a strategic contract on the Ngulu block, expanding its portfolio with immediate production potential and long-term development opportunities.
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Innergex secures 85 MW in France with six agrivoltaic solar projects
Canadian developer Innergex has won all six projects of the Grenier des Essences portfolio for a total of 85 MW, strengthening its position in France’s ground-mounted solar sector.
Canada invests CAD5.8mn in three carbon capture projects in British Columbia
The Canadian government is funding three companies specialising in CO2 capture and utilisation, as part of a strategy to develop local technologies with high industrial value.

Canadian Solar launches low-carbon modules reaching 285 kg COâ‚‚eq/kW

Canadian Solar unveils its new low-carbon solar modules integrating heterojunction cells and thinner wafers, achieving up to 24.4% efficiency and a peak power output of 660 Wp.
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Santander injects funds into Corinex to accelerate power grid digitalisation
Santander Alternative Investments has invested in Corinex to accelerate the deployment of its smart grid solutions, aiming to address growing utility needs in Europe and the Americas.
Ottawa allocates $370mn to support Canadian canola sector amid Chinese tariffs
The federal government is granting $370mn to Canadian canola producers affected by a 75.8% tariff imposed by China, and is introducing fiscal and regulatory measures to strengthen the domestic biofuel industry.

Industrial control transformer market to reach $1.48bn by 2030

Driven by grid modernisation and industrial automation, the global control transformer market could reach $1.48bn in 2030, with projections indicating steady growth in energy-intensive sectors.
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Zefiro completes carbon credit delivery to EDF Trading for 92,956 tonnes of CO2
Zefiro Methane Corp. completed the delivery of carbon credits to EDF Trading, validating a pre-sale agreement and marking its first revenues from the voluntary carbon market.
BTG Bioliquids and NanosTech to launch 500-barrel-per-day modular biorefinery
Netherlands-based BTG Bioliquids and Canada’s NanosTech join forces to develop a modular solution for advanced biofuel production, with a project underway in Europe and Canada.

Westinghouse strengthens UK supply chain for nuclear reactors

US-based Westinghouse has signed six industrial agreements in the UK to supply critical components for its AP1000 and AP300 nuclear projects in Britain and abroad.
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ReconAfrica advances drilling of Kavango West 1X well in Namibia
Reconnaissance Energy Africa continues drilling its Kavango West 1X exploration well with plans to enter the Otavi reservoir in October and reach total depth by the end of November.
Permex Petroleum secures option to acquire 50 wells to power Bitcoin mining
Permex Petroleum signed a $3 million purchase option on oil and gas assets in Texas to support a strategy combining energy production and Bitcoin mining.
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Argentina puts 44% of Nucleo Electrica SA’s capital up for sale as part of its reform
Ukraine seeks $1bn to secure gas reserves ahead of winter
Poland urges European Union to end Russian oil imports by 2026
Morgan Stanley merges energy and utilities teams into new global group
US crude oil stocks rise by 3.9 million barrels
ReconAfrica signs exploration deal for 5.2 mn oil acres in Angola
Reconnaissance Energy Africa has signed a memorandum of understanding with ANPG to explore 5.2 mn onshore acres in Angola, expanding its operations into the Damara Fold Belt and Rift Basin.
ReconAfrica targets 365 million barrels in its largest drilling campaign in Namibia
Reconnaissance Energy Africa Ltd. continues preparations at Prospect I, located in licence PEL73 in Namibia, aiming for 365 million barrels of unrisked oil resources.

New discoveries at the Mopane field in Namibia bolster the country’s oil ambitions

Namibia has announced new discoveries at the Mopane oil field offshore. This development could accelerate the country's ambitions to become a crude oil producer by 2029.
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South Africa: Government calls for increased oil exploration in the Orange Basin
The South African government is urging the acceleration of oil exploration in the offshore Orange Basin, shared with Namibia, to reduce the country’s energy dependence.
Rhino Resources discovers oil reserves in Namibia’s offshore
Three months after expressing its oil ambitions in Namibia, Rhino Resources announced the discovery of reserves on block 2914 in the Orange offshore basin, a strategic development for the company.

South Africa: A Directive to Accelerate the Green Hydrogen Market

The South African government plans to issue a directive on green hydrogen on February 17. This measure aims to streamline project approval processes in a sector undergoing structuring, where investments are still struggling to materialize.
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Namibia: Africa Oil Expands with the Drilling of Marula-1X
Africa Oil Corp. and its investee Impact Oil & Gas are accelerating their offshore operations in Namibia. Following the drilling of Tamboti-1X, work continues with Marula-1X, targeting Albian reservoirs. The Venus project, scheduled for 2026, could mark a key milestone.
Cameroon finalizes a 15-million-dollar oil agreement with Tower Resources
Cameroon welcomes a new strategic agreement between Tower Resources and Prime Global Energies, mobilizing 15 million dollars to develop the NJOM-3 well, a key offshore oil project planned for 2025.

Namibia: Owambo Basin Emerges as a New Oil Promise After Orange

Seismic analyses confirm a promising oil potential in Namibia's onshore Owambo Basin. Independent explorer Monitor Exploration Ltd is preparing a strategic plan to exploit these resources starting in 2025.
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Sturdee Energy and Frans Indongo finance two 20 MW solar projects in Namibia
Sturdee Energy and Frans Indongo finalize a USD 28 million financing for two 10 MW solar projects in Namibia. The energy produced will reduce carbon emissions and address the growing demand for electricity.
Namibia: Mining Companies as Drivers of Economic and Social Development
China General Nuclear Power Corporation (CGN), in partnership with Africa Policy Institute, publishes a report detailing the contribution of mining companies to Namibia's economic and social progress while exploring their challenges and opportunities.

South Africa: TotalEnergies Accelerates Exploration in the Deep Water Orange Basin

TotalEnergies strengthens its strategy in South Africa with an environmental impact study for the Deep Water Orange Basin block, a strategic offshore area, despite persistent environmental controversies.
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Namibia: Woodside Energy could join offshore oil exploration in 2025
Namibia's booming oil sector, bolstered by significant discoveries, could welcome Woodside Energy, which holds an option to engage in the offshore permit PEL 87 by May 2025.
Africa Oil strengthens its strategic shareholding in Impact Oil: 39.5% of shares acquired
Africa Oil Corporation increases its stake in Impact Oil & Gas to 39.5%, consolidating its investment strategy in the Orange Basin of Namibia, a key region for the oil sector.

Africa Redefines Its Refining Future: Opportunities and Challenges Amid Global Competition

Despite pressure on refining margins, Africa is accelerating refinery projects to meet growing demand and enhance energy security, while facing competition from global giants.
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Namibia: An IEA Report Highlights the Potential of Energy Transition for Economic Growth
A new report from the International Energy Agency reveals that Namibia could boost its socioeconomic development by capitalizing on its renewable resources, provided effective support policies are implemented.
Niger denounces Orano’s suspension of uranium production
The Nigerien junta criticizes Orano's suspension of activities, claiming the decision harms stakeholder commitments and lacks transparency, according to a document from the state-owned company Sopamin.

A Funding Provider Proposes Key Financing for the Thali Oil Project in Cameroon

The Thali oil project of Tower Resources in Cameroon receives a major financing offer that could unlock crucial advancements, conditional on obtaining an essential license extension.
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Namibia: A 20 MW Solar Plant Without State Guarantees for an Innovative Energy Model
Solarcentury Africa and Sino Energy launch a pioneering solar project in Namibia without long-term purchase agreements, marking a significant advancement for renewable energy in Southern Africa.
Galp’s New Drilling Campaign: A Bold Bet in Namibia’s Orange Basin
Galp has launched a new drilling phase to assess the potential of Mopane, off the coast of Namibia, marking a turning point for the development of what could become the country’s largest oil discovery.
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