Latest news with #energyinvestments
Zawya
21-07-2025
- Business
- Zawya
Introducing Alvenco Advisory: Guiding Strategic Investment in Namibia's Energy Future
With Namibia set to start oil production by 2029, the country is witnessing a surge in global investments across its exploration and production landscape. From global energy majors to leading independents to regional energy companies and financiers, energy firms are ramping up their investments in what is poised to become the next major African producer. As international investors navigate Namibia's evolving energy and mining industries, the newly-launched Alvenco Advisory will support companies as they expand their presence across the southern African country. Spearheaded by Namibia's former-Minister of Mines and Energy Tom Alweendo, Alvenco Advisory represents the partner of choice for global companies seeking to make forays into Namibia. As a strategic advisory firm, Alvenco Advisory is committed to shaping investments that are profitable, inclusive and sustainable. The company will work closely with government stakeholders and global companies, aligning closely with the country's energy goals by offering policy and regulatory support, strong alignment with national priorities, local stakeholder engagement and ESG focus as well as strategies for shared value and long-term returns. As Namibia embarks on its next chapter of energy development Alvenco Advisory has emerged as a strong partner for global investors. The launch of Alvenco Advisory comes as Namibia accelerates the development of offshore oil and gas discoveries made in the Orange Basin. TotalEnergies targets a final investment decision for its Venus discovery in 2026, with first oil expected in 2029. Galp is making progress with the development of the Mopane field following a string of positive results at exploration wells drilled in 2024 and 2025. The latest of these – the Mopane 3S well – revealed the presence of light oil and gas condensate. On the exploration front, Rhino Resources is making strides towards field development following a discovery at the Capricornus-1X well in April 2025 and the confirmation of a hydrocarbon reservoir at the Sagittarius-1X well in February 2025. Halliburton is set to drill two exploration wells at Block 2914 in PEL 85 while Stamper Oil&Gas Corp is also pursuing exploration projects in the Orange and Lüderitz Basins. Chevron is spearheading exploration in the Walvis Basin following its acquisition of an 80% stake in Blocks 2112B and 2212A. These investments seek to unlock a new hydrocarbon province in southern Africa. Namibia's energy transformation comes not only from its oil and gas industry but its bold steps into green hydrogen. The country seeks to reach green hydrogen volumes of between 10-15 million tons per annum by 2050 and is working closely with global partners to achieve this goal. Major projects include the country's flagship $10 billion flagship Hyphen Hydrogen Energy project – targeting 350,000 tons of green hydrogen annually - and the Daures Green Hydrogen Village – targeting 700,000 tons per annum after 2032. In addition to Hyphen, Namibia is already producing hydrogen from the Hylron Oshivela Project. The project started operations in March 2025, producing green hydrogen using 12 MW of electrolyzer capacity. Meanwhile, a partnership between the European Union and Namibia – forged in early 2025 – is set to drive up to $12 billion in European private investments into the country in support of its green hydrogen goals. As this investment flows into Namibia, Alvenco Advisory stands ready to support companies as they navigate policy, national priorities and local stakeholder engagement. 'Namibia is on the cusp of extraordinary change. With major oil discoveries and bold steps into green hydrogen, we have a unique opportunity and responsibility to ensure that our natural resources uplift all Namibians. Alvenco Advisory will not only support global investors in Namibia, but ensure their investments unlock tangible opportunities for the people of Namibia. At Alvenco Advisory, we are committed to driving inclusive and sustainable projects. We are here to align the goals of governments and investing companies – if you're investing in Namibia or thinking about it let's talk,' states Alweendo. Alweendo has held various positions in Namibia, including Governor of the Bank of Namibia, Director General of the National Planning Commission and Minister in Charge of the National Planning Commission. In 2018, he was appointed Minister of Mines and Energy. His term ended in 2025. In this role, he oversaw all of the country's major oil discoveries, and since these milestones, has maintained investor confidence through competitive policies, engagement with international operators and flexible investment structures. This laid the foundation for future growth across the market, setting the country up for continued success in the oil, gas and broader energy sectors. To learn more about Alvenco Advisory, visit Distributed by APO Group on behalf of African Energy Chamber.
Associated Press
14-05-2025
- Business
- Associated Press
Kimmeridge Expands Global Footprint with Launch of Abu Dhabi Office and Signing of MOU with Mubadala Energy
Office underscores Kimmeridge's commitment to the Middle East, strengthening the firm's role as a gateway for global energy investments at the front end of the cost curve The announcement follows recent agreement with Mubadala Energy to acquire a minority stake in Kimmeridge's SoTex HoldCo LLC, Mubadala Energy's first major energy investment in the US MOU paves the way for further collaboration to identify and pursue natural gas and LNG investments Fayçal Benjelloun appointed as Managing Director and Senior Executive Officer ABU DHABI, UAE and NEW YORK, May 14, 2025 /PRNewswire/ -- Kimmeridge, an alternative asset manager focused on the energy sector, headquartered in New York, with offices in Denver and London, today announced its strategic expansion into the Middle East with the launch of an office in ADGM, the international financial center of Abu Dhabi the UAE's capital. The opening underscores Kimmeridge's commitment to the Middle East and strengthens the firm's role as a gateway for energy investments between the US, the UAE and the wider region. The ADGM office builds on a legacy of relationships with regional institutions and partners, and is also expected to host investment teams as Kimmeridge explores opportunities in the Middle East and Asia. Coinciding with the celebration in ADGM, Mansoor Mohamed Al Hamed, Managing Director and CEO of Mubadala Energy, and Ben Dell, Managing Partner of Kimmeridge, signed a memorandum of understanding (MOU), paving the way for further collaboration on natural gas and LNG investments. The MOU follows the recent agreement to sell a minority stake in Kimmeridge's SoTex HoldCo LLC, to Mubadala Energy – marking the platform's first major investment in the US energy market. Benjamin Dell, Co-Founder and Managing Partner of Kimmeridge, said: 'The opening of our UAE office and expanding partnership with Mubadala Energy are natural steps as we build on strong relationships in the region and capitalize on a host of compelling opportunities across the evolving energy ecosystem, for the benefit of all stakeholders. We are privileged to be part of the region's economic growth and transformation story – and to be able to contribute to the UAE's national energy strategy. We look forward to hosting our esteemed friends and partners at ADGM.' Commenting about the MOU, Mansoor Mohamed Al Hamed, Managing Director and CEO of Mubadala Energy, said: 'We are pleased to sign this MOU which provides the framework for future collaboration following our recent U.S. partnership announcement. Kimmeridge shares our ambition for accelerated growth across the gas value chain, and as an international energy company we are excited to strengthen this collaboration by driving new, strategic opportunities.' Kimmeridge's team in the Middle East will be headed by Fayçal Benjelloun, Managing Director & Head of Middle East, who will also be acting as Senior Executive Officer. Mr. Benjelloun joins from Mubadala Capital, bringing extensive experience across the Middle East, Africa, and Asia, with a strong network and track record in business development and investor relations. Fayçal Benjelloun added: 'Our new ADGM office connects Kimmeridge's operations in the US and the Middle East, serving as a strategic hub to meet the growing regional demand for high-performing energy assets. Kimmeridge is at the forefront of both conventional energy and the energy transition—key priorities for regional investors and governments that are taking significant steps toward achieving their net zero targets.' Kimmeridge's newly established office will be based in ADGM's international financial center. The firm has received a category 4 license from the Financial Services Regulatory Authority (FSRA) of ADGM for its branch office in Abu Dhabi to advise and arrange transactions and investments. Arvind Ramamurthy, Chief of Market Development at ADGM, said: 'ADGM is pleased to welcome Kimmeridge to one of the world's largest international financial centres and the region's fastest-growing asset management hub. With robust regulations for alternative investment entities, a comprehensive ecosystem for asset management and a vibrant community based in the heart of the 'Capital of Capital,' Abu Dhabi, ADGM provides an ideal environment for Kimmeridge's regional expansion. We look forward to the offerings they will bring to their partners and investors in Abu Dhabi and the region.' About Kimmeridge Founded in 2012, with its principal office in New York, USA, as well as Denver, London and Abu Dhabi, Kimmeridge is an alternative asset manager focused exclusively on the energy sector. It is a registered investment adviser under the regulation and supervision of the Securities and Exchange Commission (the 'SEC') in the US since 2012. The firm is differentiated by its deep technical knowledge, proprietary research and data gathering. Kimmeridge is committed to its core values of integrity, innovation and teamwork and aims to deliver best-in-class performance. Kimmeridge's activities center on the oil and gas space, associated infrastructure and low carbon solutions. The firm invests in public and private companies, including through direct ownership of assets, and employs an in-house operations team in Denver through its wholly owned subsidiary, Kimmeridge Operations, LLC ('Kimmeridge Operations'). Since inception, Kimmeridge has raised over $6 billion in institutional investor commitments. Further information: Press contacts: Kimmeridge US Daniel Yunger / Hallie Wolff / Emma Cloyd [email protected] Kimmeridge Middle East Gregor Riemann / Tina Khoury / Ali Kurdieh [email protected] View original content: SOURCE Kimmeridge
