South Africa has joined the club of LNG producing states as Renergen has started up its production facility at the Virginia gas project.
Panoro Energy has taken a 100% stake in a South African licence, onshore in the Karoo Basin, citing gas – and helium – prospectivity.
Renergen has signed an initial agreement with US International Development Finance Corp. (DFC) for a loan of up to $500 million.
Ivanhoe Mines is buying a minor stake in South Africa’s LNG and helium producer Renergen – with an option to scale up its involvement.
Renergen’s P12 well has begun flowing gas, although at low levels, the company has reported.
Policies intended to tackle climate change are “closing doors on opportunities to allow poorer nations” to secure energy access, Renergen CEO Stefano Marani has said.
Renergen has signed up Saipem, EPCM Holdings and Sproule for the second phase of the Virginia gas project, in South Africa’s Free State.
South African Renergen has devised the Cryo-Vacc, which allows vaccines to be transported at extremely low temperatures for up to 30 days without power.
Tanzania-focused Solo Oil has become Scirocco Energy, and with the change of name a newfound focus on the energy transition in the European market.
Renergen’s Virginia project in South Africa has some of the hallmarks of a classic small-scale gas production plan, but with the added wrinkle of a shift to helium.
Renergen has appointed a Chinese company to carry out construction of a planned small-scale liquefaction plant in South Africa.
London-listed Solo Oil is cutting assets it no longer sees a future in and shaking up its personnel, in part of its drive to become a mid-cap exploration and production company.