At the beginning of the week, Brent Crude is trading at $73.66 per barrel, WTI at $67.37 and natural gas at $2.76 per million BTU (at 11:21, 30 April 2018, South Africa). Here are AOP’s top five stories from the last seven days.
Eskom’s coal supply shortage worsens
After reports surfaced earlier this month that the South African power utility was experiencing coal shortages in a number of its coal-fired power stations, the situation has reportedly worsened.
The Gupta-owned Optimum mine is contracted to supply Eskom with coal, however as the authorities continue to search for the owner, Ajay Gupta, in connection with the former President Zuma’s corruption investigation, Eskom might run out of coal by Friday, an energy analyst told The Citizen.
According to The Citizen, Eskom spokesperson Khulu Phasiwe said, “Eskom is also in the process of signing new coal contracts to ramp up the delivery of coal to the seven affected power stations.”
Tanzania requests financing from the AfDB for power project
Despite concerns from conservationists, Tanzania has asked the African Development Bank (AfDB) to finance its 2,100 MW hydroelectric plant in the Selous Game Reserve.
The hydropower project as part of the East African country’s plan to diversify its energy mix and end its electricity shortages. If a success, the plant could more than double the country’s power generation capacity.
Nordex Awarded Contract for 147 MW Wind Farm in SA
Following the signing of the 27 renewable energy power purchase agreements, the Nordex Group (South Africa) , a company that designs, sells and manufactures wind turbines has been awarded a contract for a 147 MW power project.
Through the agreement, the company will deliver wind turbines and the towers, which are to be produced in South Africa and service for at least 15 years.
The Nordex Group will supply 47 AW125/3150 and AW125/3000 turbines with a capacity of approximately 147 MW and a high capacity factor of more than 47 percent.
Woodside Energy Makes Discovery in Gabon
Australian oil and gas company, Woodside Energy has discovered new oil and gas prospects in offshore Gabon.
Following its Q1 2018 report, Woodside Energy said that its Boudji-1 exploration well in South Gabon, in the Likuale (F14) Block 1 intersected a 90 meter gross oil and gas column in high quality hydrocarbon-bearing pre-salt sands. Its Ivela-1 exploration well in the Luna Muetse (E13) Block, found a 78-meter gross oil column, which is currently being assessed.
According to Woodside Energy, the Boudji-1 well reached a total depth of 5,440 meters and the Ivela-1 reached a total depth of 5,487 meters.
Savannah Petroleum Makes Oil Discovery in Niger
UK-based oil and gas company, Savannah Petroleum has made an oil discovery in the Agadem Rift Basin in south-east Niger.
The discovery was made in the Bushiya-1 exploration well, which is located on the R3 portion of the R3/R4 PSC Area in the Agadem Rift Basin.
The well was drilled by Rig GW 215 to a total depth of 2,200 meters and took 16 days to reach target depth.