Mozambique: Former President calls for Social Cohesion to avoid terrorist youth recruitment in gas-rich northern province

Mozambique: Former President calls for Social Cohesion to avoid terrorist youth recruitment in gas-rich northern province

The former Mozambican head of state, Joaquim Chissano, this Monday, 18 September, defended effective social cohesion in the country to avoid recruiting young people into the ranks of terrorist groups in northern Mozambique. “We need effective social cohesion so that our young people and community members are not engaged in the terrorist cause,” said Joaquim Chissano, quoted by the Lusa news agency, during the national conference on “Peace, Security, Reconciliation and Development”, taking place in…

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BP CEO Resigns amid Probe into Relationships with Colleagues

BP CEO Resigns amid Probe into Relationships with Colleagues

BP PLC said Tuesday chief executive officer (CEO) Bernard Looney had tendered his resignation with immediate effect, revealing a company investigation is underway over his personal relationships with colleagues. Chief financial officer Murray Auchincloss takes over on an interim basis, the British energy giant said in a press release. “In May 2022, the Board received and reviewed allegations, with the support of external legal counsel, relating to Mr Looney’s conduct in respect of personal relationships…

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Trafigura revamps senior leadership across divisions

Trafigura revamps senior leadership across divisions

Global commodities trader Trafigura has reshuffled some senior leadership positions and announced replacements for outgoing chief operations officer and board member Mike Wainwright, the company said on Tuesday. CEO and executive director Jeremy Weir is staying in his roles while Ben Luckock has become the sole head of oil trading. Gonzalo De Olazaval becomes sole head of metals and bulk commodities while Richard Holtum takes on renewables alongside gas and power.

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WGC members vow to improve transparency on gold supply chain

WGC members vow to improve transparency on gold supply chain

The World Gold Council (WGC) has announced that its members, which account for the majority of the world’s large-scale gold miners, have committed to taking steps towards providing enhanced transparency in the gold supply chain. All 33 WGC members with operating mines, which collectively produce about 1 300 t/y of gold, have committed to publishing the names and locations of their refining partners on at least a yearly basis, and to include all operations where the primary revenue comes from the production of gold.  They have also committed…

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First ever IEA Critical Minerals and Clean Energy Summit to take place on 28 September

First ever IEA Critical Minerals and Clean Energy Summit to take place on 28 September

The International Energy Agency will host the first ever international summit on critical minerals and their role in clean energy transitions on 28 September 2023 in Paris. The IEA Critical Minerals and Clean Energy Summit will take place at IEA headquarters in Paris and will focus on measures to promote the secure, sustainable and responsible supply of raw materials that have a central role the global clean energy transition. Please note the new information for media and press access further down…

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Angola: Petronas and TotalEnergies’ honeymoon period continues in offshore

Angola: Petronas and TotalEnergies’ honeymoon period continues in offshore

On 13 September, the Angolan Ministry of Oil and Gas authorised the Malaysian oil giant Petronas to take over half of TotalEnergies’ 80% stake in Block 20/11. The block is located in the Kwanza basin, off the coast from the Angolan capital Luanda. Petronas now holds 40% of Block 20, TotalEnergies 40% and state-owned Sonangol 20%. TotalEnergies took over Block 20/11 in June 2020 after the US group Cobalt Energy International went bankrupt. The asset is of major importance as the American…

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Ethiopia completes filling of the Grand Renaissance Dam

Ethiopia completes filling of the Grand Renaissance Dam

Ethiopian authorities announced this week that its controversial Grand Ethiopian Renaissance Dam (GERD) has seen the fourth round of water filling now complete. GERD is the largest hydropower dam in Africa and will help Ethiopia reach its goal of becoming carbon neutral by 2025. This national project highly supported by Ethiopians at home and around the world, will have an installed production capacity of 5,150 MW when at full capacity, able to produce an average…

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International Cooperation required to get in track for 1.5C Climate Goal – IEA

International Cooperation required to get in track for 1.5C Climate Goal – IEA

Countries must supercharge international collaboration on technologies and markets for sectors such as power, transport, industry, buildings and agriculture, new report finds Insufficient progress in transitions to clean technologies and sustainable solutions over the past year highlights the need for strong and targeted international collaboration in high emissions sectors to deliver transitions that are faster, easier and cheaper for all, according to the latest Breakthrough Agenda Report. The new report – an annual collaboration between…

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Mozambique: Discord between TotalEnergies and ExxonMobil on LNG in Afungi

Mozambique: Discord between TotalEnergies and ExxonMobil on LNG in Afungi

The force majeure may be lifted on Mozambique LNG, TotalEnergies‘ huge gas project that could produce 12.9m tonnes per year before the end of the year (AI, 05/09/23). However, behind closed doors, TotalEnergies and ExxonMobil, both major players in the Afungi region of Cabo Delgado province, where all the onshore trains will be built, have yet to come to an agreement. According to our sources, TotalEnergies is trying to renegotiate security regulations with the administration in Mozambique before lifing the force…

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South Africa: Miners get a faster route to Mozambique port

South Africa: Miners get a faster route to Mozambique port

South Africa’s mining companies, losing out on billions of dollars in sales due to logistics bottlenecks, could soon have a quicker route to ports in neighboring Mozambique. The Logistics Co (TLC), indirectly owned by Old Mutual’s African Infrastructure Investment Managers, plans to open a trucks-only crossing at Komatipoort, just north of South Africa’s main Lebombo entry point into Mozambique. The project involves upgrading an existing service road along a railway line, and building a truck staging facility that will have customs and immigration offices on the outskirts of the town of Komatipoort, according to Hennie Jooste, head…

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