Finnish Government Report Reveals Lithium and Cobalt Supplies Insufficient Progress on the energy transition might be threatened as a new report by the Finnish government revealed that the world does not have enough Lithium and Cobalt to replace all batteries every 10 years. The 1,000-page report undertaken for a government agency in Finland by Associate…
Africa Suffers Climate Injustice as Global Warming Intensifies – AXIAN boss The Chief Executive Officer of AXIAN Group, Hassanein Hiridjee has said wealthy countries must do more to assist Africa in reducing the harmful effects of climate change and providing climate justice to the continent. AXIAN is a pan-African group operating across five core areas including…
South Africa gets €400m Renewable Energy Boost as EIB, DBSA Pen New Deal The European Investment Bank (EIB) and the Development Bank of South Africa have formally agreed to a €400m facility to be supplied by the EIB for private sector renewable energy investment across South Africa. Africa’s most industrious economy is currently experiencing its greatest electrical…
IRENA, Partners to Decarbonise Industrial Value Chains Twenty-eight organisations and knowledge partners in a coalition, the Alliance for Industry Decarbonisation, have made further progress in their aim to decarbonise industrial value chains and speed up the world’s energy transition goals in conformity with the Paris Agreement. Industrial emissions form 30% of global greenhouse gas emissions…
EIB Drives Telecoms Connectivity for 2.5m Congolese The impact investing arm of the European Union, European Investment Bank (EIB) , has announced a US$10 million quasi-equity investment to transform digital connectivity in Eastern DR Congo to be delivered by Bandwidth and Cloud Services Group (BCS). The region, with a population of over 2.5 million, would…
FG Confirms Optimal Fuel Supply for Yuletide as Production Hits 1.5mbpd The Federal Government through the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has announced that there is sufficient supply of petroleum products, about 2.1 billion litres for a total of 34 days. This is just as the Minister of Petroleum, Mr Timipre Sylva…
SHELL PHOTOSTORY: VP Osinbajo visits Shell stand at the 28th Nigeria Economic Summit in Abuja
MOMAN donates N50m to Nigerian Red Cross Society to Flood Victims The Major Oil Marketers Association of Nigeria (MOMAN) has donated the sum of N50 million to support communities who are affected by floods in Nigeria. Handing over a N50m cheque to the Nigerian Red Cross Society at a ceremony in Abuja, Mr Olumide Adeosun,…
Expecting Great Things from Africa’s New Oil and Gas Economies in 2023 While the consensus opinion of the western elites may be that oil and gas is a dirty, outdated technology staggering on its last legs, the African Energy Chamber remains grounded in reality. As proponents of a zero-carbon future tout the promises of solar,…
Canada, Nigeria Target Oil and Gas Methane Emissions with New Laws Oil and gas producers Canada and Nigeria have become the latest countries to tackle the potent greenhouse gas methane with laws to rein in emissions in the fossil fuel energy sector. The announcements came as the United States on Friday said it would expand…
