Energy Industry

Sustainability: “We Should Take Climate Change Seriously” – BP Manager

Posted on March 6, 2019 by Mozambique Resources Post

The world and the oil and gas industry need to start tackling in earnest climate change, Spencer Dale, group chief economist at supermajor BP, told The Washington Post in an interview published on Tuesday. “All the climate arguments are real, urgent and important,” Dale told The Washington Post’s Dino Grandoni. The longer the industry and the world wait until they start addressing carbon emissions, the more “draconian” changes the global economy will see in the…

Africa Energy: Zambia, Zimbabwe cut Kariba Dam power generation

Posted on February 26, 2019February 26, 2019 by Mozambique Resources Post

Zambia and Zimbabwe reduced power generation to around half capacity at their power stations at the Kariba Dam as water levels in the reservoir fell, Zambia’s State-owned Zesco said on Monday.

Africa Renewables: Sweden Expands Support For Off-Grid Energy

Posted on February 26, 2019February 26, 2019 by Mozambique Resources Post

SIDA, the Swedish International Development Cooperation Agency, is halfway through a 5-year commitment to bringing off-grid solar power to Zambia, one of the many countries that make up sub-Saharan Africa, where 70% of the people have no access to a functioning electrical grid. Those that do are often bedeviled with frequent interruptions of service and high utility bills. In the absence of reliable access to electricity, many rely on diesel generators for power but the…

Africa Energy: South Africa Eskom bailout could reach over US10billion

Posted on February 22, 2019February 22, 2019 by Mozambique Resources Post

(Reuters) – A bailout for struggling South African state utility Eskom could reach as much as 150 billion rand ($10.79 billion) over 10 years, a senior National Treasury official told Reuters.

Mozambique: “Megaprojects tax contribution falls 62.4% in 2018” – Tax Authority

Posted on February 22, 2019February 22, 2019 by Mozambique Resources Post

The contribution to Mozambique state coffers of mega-projects operating in the extractive industry sector amounted to 14,440 million meticais last year, corresponding to 6.8% of the total revenue collected by the State in 2018 (211.9 billion meticais), and a fall of 62.4% compared to the 2017 figure.

Africa Energy: Zambia Keen on Expanding Nuclear Energy Cooperation With Russia

Posted on February 21, 2019February 21, 2019 by Mozambique Resources Post

In 2017, Russia and Zambia signed a deal to cooperate in the construction of a nuclear science and technology centre in Zambia, which is expected to begin in 2019. Sputnik spoke on the issue as well as on additional prospects for cooperation between the two countries with Zambian Minister of Foreign Affairs Joseph Malanji.

Global Market: Renewable energy and natural gas dominate growth

Posted on February 20, 2019February 20, 2019 by Mozambique Resources Post

According to BP’s (NYSE: BP) latest energy outlook, renewable energy and natural gas will together claim 85 percent of the world’s energy supply growth through 2040. The new analysis “brings into sharp focus just how fast the world’s energy systems are changing, and how the dual challenge of more energy with fewer emissions is framing the future,” BP CEO Bob Dudley said.

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