Overview of the Oil and Gas Laws in Mozambique

With its total recoverable resources estimated to more than 100 trillion cubic feet (tcf), Mozambique, one of the key contributors to Africa’s economic growth and development and home to several channels of agricultural dominance, is predicted to become a top-tier gas producer as a result of recent significant offshore discoveries1 The country’s upstream sector plays a critical role in driving the growth of the petroleum industry. It is therefore important that adequate policies and regulations are put in place to ensure consistency in the country’s economic development.

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New Filing Requirement For All South African Companies; Protecting The Integrity Of Our Regulatory Framework

The Companies and Intellectual Property Commission (“CIPC”), which administers about 2.1 million active companies in South Africa, has recently introduced the requirement for companies to register their beneficial owners (“BOs”) as part of their annual returns process. The introduction of BO registration is aimed at promoting transparency and combating financial crimes such as money laundering and corruption.

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The World’s Largest Wind Farm, Hornsea 2, to Start Producing Power

The Hornsea 2 offshore wind farm in the United Kingdom’s North Sea, owned by the Danish energy company Ørsted, has generated its first electricity. Ørsted stated that the project’s offshore substation (OSS) and reactive compensation station (RCS) will be completed in late 2021, pending final approval from the Department of Energy.

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