Lake Kivu winners under fire, while Congo pushes back bid closing
The two officials denied impropriety. Hamuli told BIJ the process had been “rigorous, transparent and credible … I didn't have to bribe the minister, the poor guy.”
The two officials denied impropriety. Hamuli told BIJ the process had been “rigorous, transparent and credible … I didn't have to bribe the minister, the poor guy.”
The report finds that coverage for the oil blocks would be “prohibitively expensive” for any winning companies. Congo lacks the capacity domestically to provide insurance.
Oil production from the block could start as early as two years after a deal is signed, Budimbu said.
“The exploration of oil and gas in DRC sets us on the path of more climate catastrophes that will disproportionately affect the poor,” Kitisya said.
The French company operates 11 fields on- and offshore Congo, producing 25,000 bpd in 2021.
Equatorial Guinea and Congo Kinshasa have signed an agreement to work together, including in the construction of a joint-owned refinery and a controversial licence round.
Congo Kinshasa has officially launched a licence round, offering 30 blocks to interested parties, in the face of opposition from environmentalists.
Congo Kinshasa has increased the number of blocks it is offering from 16 to 30 at an upcoming bid round.
Green grids and international renewable energy are the only way to save Africa – and the world – with the alternative being a “climate abyss”.
Glencore has agreed to pay penalties of $1.06 billion to US and Brazilian authorities. More is to come in a UK settlement with the Serious Fraud Office (SFO).
Congo Kinshasa has approved plans to offer 16 blocks for exploration, although the plan has drawn opposition from Greenpeace Africa.
Europe’s energy security woes represent an opportunity for African gas supplies, according to Africa Finance Corp. (AFC), although noting the infrastructure challenges along the way.
Italian Minister of Foreign Affairs Luigi di Maio has visited Angola and Congo Kinshasa in order to secure new sources of gas.
French NGOs have celebrated a legal victory over Perenco, on access to the oil company's files on its actions in Congo Kinshasa.
Glencore has reported strong earnings for 2021, although in terms of energy it was largely driven by coal, rather than oil.
The energy transition is seen as marking a shift away from the “bad old” habits of the fossil fuel industry, but accessing the strategic resources pose their own often-overlooked problems.
Congo Kinshasa has set out plans to tackle the threat – and opportunity – of gas under water in Lake Kivu.
Congo Kinshasa has cancelled two permits held by billionaire Dan Gertler’s Oil of DRCongo.
The US administration has set out plans to cut financing for hydrocarbon developments, while African states are doing what they can to secure energy projects.
Germany has expressed interest in the production of hydrogen in Angola, chiming with the European state’s energy transition goals.
Trafigura has acquired a minority stake in Bboxx, which provides solar power systems in Africa and Asia, with an eye on LPG supplies.
Equatorial Guinea recorded 30 cases of coronavirus at ExxonMobil's Serpentina floating production, storage and offloading (FPSO) facility over the weekend.
Efora Energy sees its future as balanced between the exploration assets, where it began, and the fuel supply side, where it has focused in recent times.
Congo Kinshasa is forming a plan to take back two oil blocks from sanctioned Israeli billionaire Dan Gertler and sell them to another company.