Nigeria’s Minister of State for Petroleum Resources (Gas) Ekperikpe Ekpo has announced that the Nigeria-Morocco Gas Pipeline project is expected to begin construction in 2024. The ambitious project, which aims to connect Nigeria’s vast gas reserves to the European market, is a significant step towards boosting Africa’s energy security and economic development. Ekpo made the […]Read More
The Energy Invest: Namibia 2023 publication, the official investment report on oil, natural gas, power, mining and renewable energy sectors of the country, will be launched at the “Invest in Namibia Energies” strategic session at African Energy Week 2023 (AEW) in Cape Town on October 18. Endorsed by the Ministry of Mines and Energy and […]Read More
TotalEnergies has announced a significant oil and gas discovery in the Ntokon offshore field of its oil mining license (OML) 102. The company shared this news through a press statement on Tuesday, June 13. OML 102 is an operational conventional oil field located in Nigeria’s shallow waters. TotalEnergies holds a 40 percent stake in the […]Read More
The G7 leaders have expressed concern over global renewable power deployment rates, citing the latest findings from IRENA’s World Energy Transitions Outlook Preview 2023. The report warns that there is a need for a fundamental course correction in the energy transition to keep the 1.5°C target within reach. Targets in the G7 Climate, Energy, and Environment […]Read More
The Century Group, Africa’s only Nigerian-owned company that owns and operates floating, production, storage, and offloading (FPSO) vessels, is strengthening its market position in the country’s offshore oil and gas market. It signed an agreement with Samsung Heavy Industries Nigeria (SHIN) on March 24, 2023 to renovate its FPSO Tamara Nanaye. The vessel, formerly known […]Read More
The Federal oil and gas firms operating onshore for flaring 24 standard cubic feet of gas valued at about N40 billion ($86 million) between January and February 2023 on efforts to curb gas flaring. In a new report by the National Oil Spill Detection and Response Agency, the FG said that companies operating onshore will […]Read More
President Muhammadu Buhari has approved the modification of the bid round calendar in an effort to allay investor concerns about the schedule’s proximity to the end of the current administration in the country. This is done in an effort to increase investor confidence in the transparency and continuity of the 2022/2023 Deep Offshore Oil block […]Read More
The Ghana National Petroleum Authority has announced the removal of the country’s fuel subsidy after 30 years regulating the product. “Removing the subsidy is part of the country’s regulatory measures to ensure downstream sector stability,” said Abdul Hamid, NPA’s Chief Executive Officer, said this during a presentation at the ongoing Africa Refiners and Distributors Week […]Read More
The offshore oil and gas sector is set for the highest growth in a decade in the next two years, with $214 billion of new project investments lined up, a Rystad Energy study has shown. Rystad Energy research shows that annual greenfield capital expenditure will break the $100 billion threshold in 2023 and in 2024—the […]Read More
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