2024: Big Oil Comes in From the Cold on Energy Transition A different type of energy transition has taken place at this year’s World Economic Forum (WEF) meeting. Unlike 2021’s COP26 climate conference in Glasgow, where oil and gas executives were personae non gratae, fossil fuel chiefs and renewable energy bosses sat cheek by jowl…
IPMAN, PETROAN Adopt PDP for Rivers Guber Election The Independent Petroleum Marketers Association of Nigeria and the Petroleum Products Retail Outlets Owners Association of Nigeria have adopted the governorship candidate of the Peoples Democratic Party (PDP) in Rivers State, Siminalayi Fubara as their preferred candidate in Saturday’s governorship election in the State. The National Public…
Totalenergies Partners Alimentation Couche-Tard in Belgium & Luxembourg TotalEnergies and Canadian convenience store leader Alimentation Couche-Tard (“Couche-Tard”) have signed agreements covering TotalEnergies’ retail networks in four European countries. Under these agreements, TotalEnergies will partner with Couche-Tard in Belgium and Luxembourg and sell its networks in Germany and the Netherlands to the Canadian firm: In Belgium…
Russia Uses Ship-To-Ship Transfers to Boost Diesel Exports to Saudi Arabia Russia is accelerating its exports of diesel to Saudi Arabia by both direct shipments and ship-to-ship transfers, Reuters reports, quoting trade sources and shipping data from Refinitiv. With the aid of STS loadings, Russia is shortening the routes for tankers headed to Africa and…
Senator Manchin Threatens to Block Biden Nominees over IRA Energy Provisions Democratic Senator Joe Manchin last week threatened to hold up more of President Joe Biden’s nominees if the Administration does not stick to the energy lane carved forward by the Inflation reduction act. In a Houston Chronicle opinion piece, Senator Manchin said that the…
NCDMB Tops MDAs in 2022 Overall Performance Ranking The Presidential Enabling Business Environment Council, PEBEC, has ranked the Nigerian Content Development Monitoring Board, NCDMD, first out of the 36 ministries, departments and agencies, MDA, of the federal government in its Overall EO1 Performance Results for January – December 2022 report. “From the 2022 EO1 Compliance…
NUPRC Deploys Initiatives to Assist Marginal Field Awardees Progress in Oil Production In recognition of the funding challenges facing some of the awardees of the 2020 Marginal Field Bid Round licences, the Nigerian Upstream Regulatory Commission (NUPRC) is planning a production based lending engagement that will help them source needed capital to commence full field…
Energy: Africa Data Centres and Distributed Power Africa work together to reach Sustainable Development Goals Africa Data Centres and Distributed Power Africa work together to reach Sustainable Development Goals Under the terms of the agreement, DPA SA will supply 12MW of renewable solar energy for Africa Data Centres facilities in South Africa Access Multimedia Content…
Wave of New LNG Export Plants Threatens to Knock Gas Prices A flood of liquefied natural gas (LNG) export projects due online worldwide in mid-decade will vie against lower-cost renewable energy and a revived nuclear power sector, which could rock gas prices and hurt some proposed projects, analysts say. Proposed and approved new LNG plants…
To Develop Thriving Downstream Markets, Africa Needs Free Markets, Private Sector Participation AEC Executive Chairman NJ Ayuk calls for Africa to cut the high energy taxes, create enabling environments for energy firms to thrive and reduce resource nationalization to drive oil and gas industry growth and make energy poverty history by 2030 Access Multimedia Content…
