NUPRC Issues Warning Against Disruptive Actions Affecting Gas Flare Commercialization Plans The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) issued a warning on Monday to players in the oil and gas industry, cautioning against obstructing the Nigerian Gas Flare Commercialisation Programme (NGFCP). The NGFCP is designed to eliminate routine gas burning in the country. Mr. Gbenga…
EU Taxpayer Support Possible for Equinor, Shell, and RWE’s Fossil Hydrogen Expansion in Europe A leaked document and analysis by Global Witness indicate that a proposed pipeline by Equinor to export fossil hydrogen from Norway to Germany could receive EU subsidies. The project would depend on new hydrogen plants producing “blue hydrogen” from fossil gas,…
Kenya Adopts Cloud-First Strategy, inks Deal with Microsoft The ICT Authority of Kenya has signed a Memorandum of Understanding with Microsoft anchored on enhancing Kenya’s digital transformation agenda. Under the MOU, Microsoft will assist the Government with adopting a Cloud-First strategy, transforming public service delivery through the adoption of technology and improving efficiencies in provision…
Agency Reports Containment of Oil Spill near Egina Field Nigerian authorities, including the Nigerian Maritime Administration and Safety Agency (NIMASA), are actively working to contain an oil spill that occurred during loading operations at the TotalEnergies-operated Egina field. The spill was reported on November 15, and while the volume is yet to be confirmed, TotalEnergies…
Germany Commits 4 Billion Euros to Africa’s Green Energy; AfDB President Advocates Strengthened Partnership The government of Germany has committed to investing 4 billion euros in Africa’s green energy sector until 2030. German Chancellor Olaf Scholz made this announcement during the G20 Compact with Africa conference in Berlin. The Compact with Africa, initiated by Germany…
Petrobras management under ‘worrying’ political pressure Says Union Petrobras (PETR4.SA) workers union FUP on Tuesday lashed out against alleged “political actions” aimed at pressuring the state-run Brazilian oil company’s top management, saying in a statement they were “worrying” and would weaken the firm. FUP’s remarks come a day after Reuters reported, citing sources, that officials in the…
Report Reveals Federal Government’s $16 Trillion Loss to Gas Flare Over a Decade Over 10 years, from 2012 to 2022, the Federal Government has incurred an estimated loss of approximately $16 trillion due to natural gas flaring, according to the Energy Institute’s 72nd edition of the ‘Statistical Review of World Energy 2023.’ A breakdown of…
Bankrupt Oil Company Leaves Maritime Customers in a Precarious Situation The trucks responsible for transporting fuel throughout Halifax are currently inactive, parked behind the Maritime Fuels building in Dartmouth, Nova Scotia. The company, headquartered in Nova Scotia, filed for bankruptcy protection last week. “There are thousands of Nova Scotians that have paid for what they…
Ekiti State Collaborates with Ministry of Solid Minerals for Mutual Economic Advancements Ekiti State has initiated a collaborative venture with the Ministry of Solid Minerals Development as part of its efforts to enhance socio-economic development. The goal of this partnership is to harness the plentiful solid mineral resources within the state, promoting economic growth and…
Anticipated Decline in Africa’s Oil Production Forecasted for the Coming Year According to a recent report by the African Energy Chamber (AEC), Africa’s oil production is anticipated to experience a gradual decline in 2024. The Executive Chairman of the African Energy Chamber, NJ Ayuk, has predicted a “relative calm” in the global oil market for…
