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Driving Mozambique’s Energy Renaissance: Empresa Nacional de Hidrocarbonetos Joins African Energy Week 2023 as Bronze Sponsor

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Hidrocarbonetos

Mozambique’s state oil and gas company ENH has joined the African Energy Week 2023 conference as a Bronze Sponsor, partnering with the event for Invest in Mozambique Energies and set to participate in the African Farmout Forum

JOHANNESBURG, South Africa, September 19, 2023/APO Group/ — 

Mozambique’s sizeable natural gas reserves – measured at 100 trillion cubic feet – represent a breakthrough for the country’s economic and sustainable development. Discoveries made in the hydrocarbon-rich Rovuma and Mozambique basins and associated project developments have positioned the southern African country as a rising player in the global energy market. The country’s National Oil Company Empresa Nacional de Hidrocarbonetos (ENH) is actively advancing Mozambique’s oil and gas industry, partnering with global players to advance energy security, fuel economic growth and foster skills development.

Under efforts to advance sustainable development, ENH has joined the African Energy Week (AEW) 2023 conference – taking place from 16–20 October in Cape Town – as a Bronze Sponsor, a testament to the company’s dedication to engaging with regional stakeholders and global investors. ENH is also the sponsor of Invest in Mozambique Energies, a dynamic session that aims to showcase investment and partnership opportunities within Mozambique’s rapidly expanding energy market. Invest in Mozambique Energies will be led by ENH Chairman Estêvão Tomás Rafael Pale.

ENH plays an instrumental part in driving the sustainable development of Mozambique’s energy sector

As the demand for natural gas continues to grow and Mozambique actively seeks collaborative partnerships to amplify the sustainable development, effective management and lucrative monetization of its extensive resources, the pivotal role of ENH has become increasingly clear. Representing the government in petroleum-related activities, ENH has been instrumental in driving a strong pipeline of natural gas developments. Current projects include the Eni-led Coral Sul Liquefied Natural Gas (LNG) initiative, which exported its first LNG cargo in November 2022, and the TotalEnergies-led Mozambique LNG development, a $20 billion initiative poised to produce up to 43 million tons of LNG per annum. Onshore, the Pande-Temane Complex is a producing conventional gas field operated by South Africa’s Sasol.

Meanwhile, in its pursuit of fostering industry growth, ENH has a number of strategic partnerships in place with key global players spanning the entire value chain. Companies to the likes of Buzi Hydrocarbons are conducting exploration activities in the Buzi Basin and MozGas in the Mazenga Basin. TotalEnergies, ExxonMobil, Eni, Galp and many more are also active in the Rovuma Basin. Under efforts to position the country as both a regional energy hub and global LNG exporter, ENH is committed to accelerating exploration and production across the country. In line with this agenda, ENH will also participate in the African Farmout Forum, a platform hosted at AEW 2023, led by Moyes & Co, Envoi and Farmout Angel and dedicated to facilitating deals across Africa’s upstream sector. During the forum, ENH will engage with investors and E&P players, providing insight into the various upstream opportunities present in the market.

ENH has also fostered strategic collaborations with prominent industry players such as Saipem, Shell, Baker Hughes, Marubeni, Kogas, and Sasol within the downstream sector. This concerted effort aims to optimize the distribution and monetization of domestic gas, effectively catering to local and regional energy demand. These alliances encompass diverse initiatives, including the establishment of a methanol plant as well as the implementation of pivotal projects like the Gas Distribution Project North of Inhambane and the Maputo and Marracuene gas distribution initiative.

Despite these developments, much of the country’s oil and gas acreage remain unexplored while infrastructure remains largely undeveloped, opening lucrative opportunities for E&P players and investors alike. ENH’s participation as a Bronze Sponsor at AEW 2023 serves as a testament to the company’s unparalleled commitment to catalyzing investment and development across the nation’s burgeoning energy market.

“ENH plays an instrumental part in driving the sustainable development of Mozambique’s energy sector. Representing a strong partner for both regional and global players, the company works hard to monetize the country’s oil and gas resources. As global gas demand continues to grow and international nations diversify supply chains, Mozambique is poised to play a much larger role in supplying the world with sustainable energy,” states NJ Ayuk, the Executive Chairman of the AEC.

Distributed by APO Group on behalf of African Energy Chamber.

Business

SLB commissions new fluids systems plant in Pemba to support Mozambique’s offshore energy development

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Mozambique

New facility expands in-country drilling and completion fluids capability, advancing the next phase of SLB’s growth in Mozambique

PEMBA, Mozambique, October 9, 2026/APO Group/ –SLB (NYSE: SLB) (www.SLB.com) announced the opening of a new fluids systems plant in Pemba, Mozambique. The new facility strengthens in-country capacity to prepare, store and deliver drilling and completion fluids for offshore operations, reinforcing the infrastructure needed as Mozambique’s offshore activity grows and its role as a strategic energy hub for East Africa continues to expand.

The commissioning of the plant, also known as a liquid mud plant, coincides with SLB marking 70 years of operations in Mozambique. It reflects the company’s long-term commitment to investing in people, infrastructure and capability that support the country’s long-term offshore energy development plans.

 




  

With an initial storage capacity of 21,000 barrels, the liquid mud plant provides a scalable platform for future growth, supporting multiple customers and rising offshore activity while improving logistics and enhancing operational flexibility.

As SLB marks 70 years in Mozambique, this investment reflects our confidence in the country’s future and our commitment to supporting its energy ambitions

“As SLB marks 70 years in Mozambique, this investment reflects our confidence in the country’s future and our commitment to supporting its energy ambitions,” said Miguel Baptista, Central, East and Southern Africa, Managing Director, SLB. The new liquid mud plant strengthens local energy infrastructure, expands opportunities for local content development, and enhances our ability to support customers as they deliver some of Africa’s most significant offshore energy resources.”

The liquid mud plant project was delivered with strong local participation and that momentum is expected to continue into operations. During project delivery, more than 100 jobs were created in Pemba with nationals representing 80% of the workforce, reflecting a focus on building local capability.

The project was delivered with a strong focus on safety, operational integrity, and quality, achieving more than 67,000 hours worked without a recordable safety incident.

This key infrastructure strengthens SLB’s ability to support consistent service quality and enhance supply chain readiness for increasing offshore activity across Mozambique, supporting customers execute safely and efficiently while developing local skills and expertise.

Key Points:

  • SLB has commissioned a new fluids system plant in Pemba, expanding in-country drilling and completion fluids capability for offshore operations.
  • With an initial storage capacity of 21,000 barrels, the facility provides a scalable platform to support growing offshore activity in Mozambique.
  • The investment marks the next phase of SLB’s growth in Mozambique, strengthening local capability and supporting long-term offshore energy development.

Distributed by APO Group on behalf of SLB.

 

 




 

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South African Energy Storage Association (SAESA) welcomes 4,600 MW battery storage prioritisation and calls for integrated energy planning

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Battery energy storage systems (BESS) are becoming critical system infrastructure, supporting flexibility, reducing avoidable curtailment, shifting energy into periods of demand and strengthening security of supply

JOHANNESBURG, South Africa, October 9, 2026/APO Group/ –The South African Energy Storage Association (SAESA) (www.SAESA.org.za) welcomes the prioritisation of 4,600 MW of battery energy storage under the first Integrated Resource Plan (IRP) 2025 Section 34 determination.

 




  

The timing is significant. Recent Integrated Energy Plan (IEP) modelling and assumptions discussions highlighted a fundamental shift that South Africa’s energy planning now needs to capture: we cannot plan the future power system by counting megawatts of generation alone.

We must plan for when energy is available, where it is available, how it moves through a constrained grid and how it is stored and dispatched when the system needs it most.

The announcement reinforces that shift. Battery energy storage systems (BESS) are becoming critical system infrastructure, supporting flexibility, reducing avoidable curtailment, shifting energy into periods of demand and strengthening security of supply.

For SAESA, the message for the IEP is clear: storage, flexibility and system services must be modelled as integral components of South Africa’s future electricity architecture, with their contribution considered from the outset of generation planning.

“The IEP must plan the power system we are becoming, not simply model the power system we have inherited,” says SAESA.

The IEP must plan the power system we are becoming, not simply model the power system we have inherited

Partnership with C&I Energy + Storage Summit

SAESA is an association partner of the C&I Energy + Storage Summit, created by VUKA Group, taking place on 28–29 October 2026 at The Maslow Hotel, Sandton, Johannesburg.

The summit brings together commercial and industrial energy users, project developers, financiers, regulators and solution providers to explore practical approaches to energy security, procurement and storage deployment.

For businesses assessing how storage can support their operations, the event offers an opportunity to meet SAESA and engage with the wider energy community on the decisions shaping South Africa’s evolving electricity system.

Commercial and industrial energy decision-makers are invited to apply to attend as hosted buyers. Qualifying buyers receive complimentary summit access and curated opportunities to engage with industry partners.

 

Meet SAESA at C&I Energy + Storage Summit: Join the Hosted Buyer Programme

The Hosted Buyer Programme connects commercial and industrial energy decision-makers with solution providers shaping South Africa’s evolving private energy market.

Qualified energy buyers receive complimentary access to the summit and curated engagement with industry partners exploring energy procurement, storage deployment and project development.

Apply for the Hosted Buyer Programme (https://apo-opa.co/4ehLijJ)

Distributed by APO Group on behalf of VUKA Group.

 




 

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Afreximbank welcomes launch of Africa Credit Rating Agency as an important step in strengthening Africa’s financial architecture

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Expanding credible rating coverage can improve the information available to investors and support the development of deeper domestic and regional capital markets

PORT LOUIS, Mauritius, October 8, 2026/APO Group/ –African Export-Import Bank (Afreximbank) (www.Afreximbank.com) welcomes today’s launch of the Africa Credit Rating Agency (AfCRA), an important milestone in strengthening Africa’s financial architecture and expanding the continent’s capacity to generate credible, independent analysis of African credit risk.

 




 
 

Credit ratings play an important role in determining access to capital, influencing investor perceptions and shaping the cost at which governments, institutions and businesses can finance development. It is therefore essential that assessments of African credit risk are independent, rigorous and evidence-based, while reflecting a complete understanding of the structures, institutions and economic realities being assessed.

The establishment of AfCRA adds an important African-led source of credit opinion to the market. Its value will not be measured by whether it produces more favourable ratings, but by the credibility of its analysis, the quality of its data and transparency of its methodology, and its ability to deepen understanding of African sovereigns, sub-sovereigns and corporate credit.

This is particularly important given that many African issuers remain unrated, while local-currency and sub-sovereign markets continue to have limited rating coverage. Expanding credible rating coverage can improve the information available to investors and support the development of deeper domestic and regional capital markets.

AfCRA must set a new benchmark for the continent, maintain its independence, and remain wholly owned and controlled by Africans

Alongside fellow members of the Alliance of African Multilateral Financial Institutions (AAMFI), Afreximbank has consistently maintained that African Multilateral Financial Institutions should be assessed on the basis of their fundamentals, performance, legal frameworks, mandates and operating models. Ensuring that these institutional characteristics are properly understood is essential to achieving informed, balanced and credible assessments of African risk.

Commenting on the uniqueness of the African market, and need for AfCRA’s rating methodology to reflect this, Mr Denys Denya, Senior Executive Vice President, Afreximbank, said: “The rating methodology AfCRA develops must recognise the uniqueness of our environment and its institutional structures. The Agency must set its own standards and not follow those set elsewhere — it must build a unique identity that conforms to an ‘African best practice.”

Highlighting the need for the autonomy of the Africa Credit Rating agency as it takes off, Mr Denya added: “Most importantly, AfCRA must set a new benchmark for the continent, maintain its independence, and remain wholly owned and controlled by Africans. We must all use it, and in return expect a complete assessment of where we (Africa) stand: the strengths the market has ignored, and the weaknesses we still need to fix.”

AfCRA should therefore be seen as complementary to existing international and regional rating agencies, broadening the range of credible analysis available to investors and issuers while strengthening competition, transparency and analytical capacity within Africa’s credit markets.

As Africa seeks to mobilise the scale of capital required for industrialisation, trade, infrastructure and economic transformation, credible African institutions that improve information, strengthen market confidence and deepen the continent’s financial markets will become increasingly important.

Afreximbank congratulates the African Union, the African Peer Review Mechanism (APRM) and all those involved in bringing AfCRA from concept to launch, and looks forward to the contribution the Agency will make to deeper, more transparent and more efficient African capital markets.

Distributed by APO Group on behalf of Afreximbank.

 




 

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