ANGOLA: Azule Energy, Angola’s largest independent energy company, has embarked on a project to reduce fuel consumption and greenhouse gas (GHG) emissions from its Offshore Supply Vessel (OSV) fleet by up to 10 percent.

SOUTH AFRICA: Grindrod Limited (Grindrod), a JSE-listed freight logistics company, has reported a sustained performance driven by its core operations for the six months ended 30 June 2024.

SOUTH AFRICA: Benefiting from improved pricing and strong demand in wild-caught fish, the Sea Harvest Group has recorded a three percent revenue increase to R3.3 billion over the last six months.

UGANDA: The double hulled oil tanker, MT Elgon, was successfully delivered to take up operations on Lake Victoria this month to service Uganda, Kenya, Rwanda, and Tanzania.

SOUTH AFRICA: Transnet has been assigned to the Department of Transport, following the removal of the Department of Public Enterprises from government structures in the new administration.

SOUTH AFRICA: The Chinese hospital ship, Peace Ark, is visiting the Port of Cape Town for a week to undertake a joint national and interdepartmental exercise for humanitarian medical service between People’s Republic of China and Republic of South Africa.

Kadijah Amoah – CEO of Pecan Energies Ghana – believes that Africa’s Ghana’s oil sector holds massive opportunities. “With more African countries emerging as significant energy frontiers, and new discoveries in places like Namibia heralding the establishment of greenfields industries that could really boost regional GDP, there are likely to be many oil businesses entering the continent in years to come,” she says.

GHANA: Ghana officially launched their Petroleum Hub Project which is to include extensive port as well as storage facilities and is projected to cost an estimated $12 billion.