South Africa’s blackouts render it seeking private sector assistance In a bid to reduce the country’s reliance on the state-owned power provider, Eskom, amidst extended blackouts, the President of South Africa, Cyril Ramaphosa has announced a plan to enlist the private sector to support generation capacity of the grid. Recent load-shedding announcements by Eskom have…
Mexico Urges Carbon Offsets Regulation as Investigation Exposes BP Underpricing The president of Mexico, Andres Manuel Lopez Obrador has called for a regulation of the country’s carbon offset market after an investigation outed BP Plc for lowballing subsistence farmers. The Bloomberg Green investigation stated that the oil giant paid a meagre $4 per tonne to…
Supply Chain Constraints Aren’t Holding Back Renewables Investments – Global allocation hits record $226bn – US govt to invest $26m in grid demonstration projects Amid the supply chain woes inflicted by the COVID-19 pandemic and slow recovery in manufacturing, global investments in renewable energy climbed to a record $226 billion in the first half of 2022 according…
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Eni, TotalEnergies, BP, Others take FID on Gas Project in Angola. Eni, TotalEnergies, BP, CABGOC, a subsidiary of Chevron, and Angola’s state-owned Sonangol have taken Final Investment Decision (FID) on Quiluma and Maboqueiro (Q&M) gas fields in Angola, which are expected to produce 4 billion cubic meters per year by 2026 when production will begin….
Energy Crisis Threatens Sustainability of Renewable Energy Supplies across the Globe …Rising global population in Asia and Africa will significantly push energy demand upward …About 600 million people have no access to electricity, while 900 million have no access to clean cooking fuel Speaking at the opening ceremony of 45th Nigeria Annual International Conference &…
Africa Oil and Gas Producers need to Embrace Reality of Energy Transition- Komolafe …Fossil fuels will continue to be core part of global energy mix beyond 2050 Delivering his goodwill message at the 44th Nigeria Annual International Conference and Exhibition (NAICE), of the Society of Petroleum Engineers (SPE), titled: “Global Transition to Renewable and Sustainable…
Seplat Energy Commences Commercial Injection of Crude Oil through Amukpe-Escravos Pipeline Seplat Energy Plc, a leading Nigerian energy company listed on the Nigerian Exchange and the London Stock Exchange, is pleased to announce that it has begun commercial injection of crude oil through the new Amukpe-Escravos Pipeline. The 67km mostly underground pipeline is expected to…
Seplat Energy Advocates for a Just Energy Transition for Africa. As the global push towards energy transition intensifies, Nigeria’s indigenous oil exploration and production giant, Seplat Energy Plc, has advocated for a just transition for Africa. The Chief Executive Officer of Seplat Energy, Roger Brown, stated this in Lagos while delivering a keynote at the…
IN CONJUNCTION WITH GENERATION UNLIMITED 9JA , THE EKO INNOVATION CENTRE, EKO CARBON, AND COMMODITY LAUNCH EKOCLIMATHON 1.0 Eko Innovation Center, Eko Carbon, and Commodity in collaborating with Generation Unlimited 9Ja on Friday, July 8 th, 2022, launched the first climate mitigation hackathon tagged EkoClimathon 1.0. Eko Innovation Centre is one of the leading tech…
