OPEC daily basket price
OPEC daily basket price stood at $74.78 a barrel Friday, 9 December 2022, compared with $75.30 the previous day https://www.opec.org/opec_web/en/press_room/6758.htm
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Shell emerges best local content operator
Shell Companies in Nigeria have been named the best local content operators at the 2022 annual industry dinner and awards ceremonies of the Petroleum Technology Association of Nigeria (PETAN) held in Port Harcourt, the Rivers State Capital, on Friday. The Managing Director of Shell’s deep-water business, Shell Nigeria Exploration and Production Company, Mrs. Elohor Aiboni,
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How the European Union can avoid natural gas shortage
The European Union faces a potential shortfall of almost 30 billion cubic metres of natural gas in 2023 – but this gap can be closed and the risk of shortages avoided through stronger efforts to improve energy efficiency, deploy renewables, install heat pumps, promote energy savings and increase gas supplies, the IEA says in a
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Talks With Hyve Group/Africa Oil Week Are Officially Off; AEW Scheduled for October 16-20 in Cape Town
While African Energy Week (AEW) (www.AECweek.com) organizers, the African Energy Chamber (AEC), have made continuous efforts to engage with Africa Oil Week (AOW), these efforts have been in vain, with AOW expressing complete disinterest in collaborating towards a singular, pan-African event. As such, talks with AOW are officially over and AEW will press on with
Savannah Announces SPA with PETRONAS for Acquisition of Entire South Sudan Oil and Gas Portfolio
Savannah Energy PLC, the British independent energy company focused on the delivery of Projects that Matter in Africa, is pleased to announce that it has entered into a Share Purchase Agreement (SPA) with PETRONAS International Corporation Limited (PETRONAS) to acquire PETRONAS’ entire oil and gas business in South Sudan (the PETRONAS Assets) through the acquisition
Facing the impacts of climate change, agropastoralists in Africa are taking responsibility for their own development – UNDP report
To achieve the Sustainable Development Goals (SDGs) in agropastoral communities, investments must facilitate seamless cross-border mobility, diversify skills and livelihood options, and directly strengthen family and socio-cultural bonds. This is according to a new report, “Promise, Peril and Resilience: Voices of Agropastoralists in Africa’s Borderland Regions” (https://bit.ly/3UK6KkR), published by the Africa Borderlands Centre (ABC), a
SERAP gives Okowa, Wike, others 7 days to disclose spending of N625bn refunds
Socio-Economic Rights and Accountability Project (SERAP) has urged the nine oil producing states in Nigeria to “provide and widely publish details of spending of the oil derivation refunds of N625bn recently paid to them by the Federal Government, including details and locations of projects executed with the money.” The Federal Government recently paid N625.43 billion
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A New Era with Savannah Energy’s Acquisition of ExxonMobil’s Upstream, Downstream Assets in Chad and Cameroon
The African Energy Chamber (AEC) supports the acquisition by Africa-focused British independent energy company Savannah Energy of oil and gas supermajor ExxonMobil’s entire upstream and midstream asset portfolio in Chad and Cameroon. The sale was closed on 9 December to the tune of $407 million. The announcement comes after Savannah Energy and ExxonMobil’s signing of
Africa’s Energy Sector in Need of Practical Solutions as US, African Leaders Summit holds in Washington DC
By NJ Ayuk We are confident that, like previous meetings between American and African Leaders, the events of the highly anticipated Africa Leaders’ Summit, taking place Dec. 13-15 in Washington, D.C., will show America’s earnest and enduring commitment to Africa in the broad sense. The African Continent, some organizers have said, will shape the future
Russia: TotalEnergies decides to withdraw directors from Novatek
Further to its principles of conduct defined for its activities in relation to Russia, published on March 22, 2022, TotalEnergies has gradually started to withdraw from its Russian assets while ensuring that it continues to supply gas to Europe. TotalEnergies holds a 19.4% stake in the company Novatek, a stake that it cannot sell given
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