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TSAVO Oilfield Services endorses Equal by 30 Campaign

TSAVO Oilfield Services endorses Equal by 30 Campaign

AFRICA, EAST AFRICA, KENYA, OIL
NAIROBI, Kenya -- In yet another bold move, TSAVO Oilfield Services (TSAVO) becomes a signatory of the Equal by 30campaign, alongside 7 key partners across the African continent, including the African Energy Chamber. “My name is Eng. Elizabeth Rogo, an African woman and the Founder & CEO of TSAVO Oilfield Services as well as the President – East Africa, for the African Energy Chamber. It fills me with great joy to join and support theEqual by 30 campaign. I know too well just how vital a role women can play in the energy sector, when they seize opportunities and create them, as I have been able to do. I want more women to become involved and to show the next generation that the sky is the limit! Women are incredibly bright and resourceful – I’ve seen that time and again throug...
Without Governments’ Flexibility on Oil Personnel Movements, Oil and Gas Production Across Africa Will Be Severely Impacted

Without Governments’ Flexibility on Oil Personnel Movements, Oil and Gas Production Across Africa Will Be Severely Impacted

AFRICA, INTERNATIONAL, INTERNATIONAL NEWS, OIL
The African Energy Chamber is urging all stakeholders to put the safety of oil workers and the ability of oil companies to continue operating at the top of industry priorities JOHANNESBURG, South Africa, May 18, 2020/ -- Some charter flights with oil industry personnel and medical equipment’s have been allowed to land a few oil-producing countries like Nigeria, Angola, Equatorial Guinea and others lately, allowing a much-needed rotation of oil sector workers. The African Energy Chamber believes that such charter flight operations led by international oil companies such as ExxonMobil in Equatorial Guinea must be expanded across all oil-producing states and governments should immediately facilitate these movements. Upon arrival in oil cities, all personnel on board will go under manda...
Equatorial Guinea Announces Compliance with OPEC Production Cuts Obligations

Equatorial Guinea Announces Compliance with OPEC Production Cuts Obligations

AFRICA, EQUATORIAL GUINEA, OIL
Minister of Mines and Hydrocarbons, H.E. Gabriel Mbaga Obiang Lima, also paid tribute to Saudi Arabia, the United Arab Emirates and Algeria for going above and beyond their obligations JOHANNESBURG, South Africa, May 18, 2020/ -- Equatorial Guinea has announced that it is fully complying with its production cuts obligations under the record OPEC++ global oil cuts deal reached in April 2020 and which took effect on the 1st of May. While announcing the country’s compliance, Minister of Mines and Hydrocarbons, H.E. Gabriel Mbaga Obiang Lima, also paid tribute to Saudi Arabia, the United Arab Emirates and Algeria for going above and beyond their obligations and playing a substantial role in rebalancing the market. “I believe that the solidarity of OPEC and OPEC+ members is key for ou...
Belarus: Set to receive its first US oil shipment, in move to wean off Russian supply

Belarus: Set to receive its first US oil shipment, in move to wean off Russian supply

Belarus, EUROPE, INTERNATIONAL, INTERNATIONAL NEWS, OIL, united states of america, USA
Secretary of State Mike Pompeo announced on Friday that the United States will send its first shipment of 80,000 tons of crude oil to Belarus, which has sought alternative oil suppliers after a monthslong pricing dispute with Russia. Pompeo said he believes this newest partnership “strengthens Belarusian sovereignty and independence.” Russia cut oil supplies to Belarus in January after Belarusian officials disputed 2020 oil prices, along with Russia's proposed increased integration of their economic ties. The 80,000-ton shipment is expected to arrive at the Lithuanian port of Klaipeda in June and from there will sent by rail to Belarus. Foreign Minister Vladimir Makei said cooperation with the U.S. on oil is "an element of energy security.” Tensions between Belaru...
Total Deal Catalyst for Uganda Oil, COVID-19 Should Not Delay Upstream final investment decision (FID)

Total Deal Catalyst for Uganda Oil, COVID-19 Should Not Delay Upstream final investment decision (FID)

AFRICA, CORONAVIRUS, EAST AFRICA, OIL, UGANDA
KAMPALA, Uganda -- By Thomas Hedley, Field Editor, Africa Oil & Power  Hosted under the theme ‘Taking Advantage of Opportunities in Uganda’s Oil & Gas Sector,’ an Africa Oil & Power webinar yesterday highlighted the domestic and regional opportunities associated with the Uganda Lake Albert project, oil and gas exploration, and associated services and infrastructure including the $3.5-billion East African Crude Oil Pipeline project.  Speakers included Hon. Dr. Elly Karuhanga, Chairman of the Uganda Chamber of Mines and Petroleum; Gilbert Kamuntu, Chief Commercial Officer, Uganda National Oil Company; NJ Ayuk, Executive Chairman of the African Energy Chamber and Brian Muriuki, MD and Country Chair of Shell Ghana. Uganda’s oil and gas sector potential was revealed in 200...
Namibia’s Minister of Energy and the Oil and Gas sector to discuss the Future of the Namibian Energy Industry in Exclusive Webinar

Namibia’s Minister of Energy and the Oil and Gas sector to discuss the Future of the Namibian Energy Industry in Exclusive Webinar

AFRICA, Business, NAMIBIA, OIL
The free webinar will be hosted under the theme, The Future of the Namibian Energy Industry; Hon. Tom Alweendo will be joined by Executive Chairman of the African Energy Chamber, NJ Ayuk; The discussion will be moderated by Africa Oil & Power Field Editor, Thomas Hedley and Lawyer and Energy Specialist, Gawie Kanjemba; Follow the conversation through the AECWebinars and AOPWebinars. Continuing its Africa energy series webinars, the African Energy Chamber will present an exclusive webinar with the Nambian Minister of Energy. Hon. Tom Alweendo on Friday, May 15, 2020 at SAST. Hosted by African Oil & Power, the open to public webinar will explore the future of the Namibian energy industry in the context of the current global climate. As 2020 was planned to be a strong year for ...
African Energy Chamber issues Urgent Advisory Guidelines for the Management and Safety of Oil Workers during the COVID-19 Pandemic and Africa-wide Lockdowns

African Energy Chamber issues Urgent Advisory Guidelines for the Management and Safety of Oil Workers during the COVID-19 Pandemic and Africa-wide Lockdowns

AFRICA, CORONAVIRUS, OIL
Amid the ongoing effects of lockdowns in oil and gas-producing countries such as Nigeria, Angola, Algeria, Egypt, Libya, Congo, Gabon, Ghana, Equatorial Guinea, South Sudan and Cameroon, the African Energy Chamber hereby issues pragmatic commonsense advisory guidelines for governments, oil companies and personnel. This is aimed at mobilizing, demobilizing and putting back our energy sector to work safely across the continent. The guidelines are open for free consultation on www.EnergyChamber.org. In light of the prolonged Covid-19 pandemic, the oil & gas industry has been heavily strained, increasing the need to pay critical attention to workers’ safety and putting in place procedures to ensure their transitioning in and out of the workplace. Currently, travel restrictions have ...
Africa Oil and Power and the African Energy Chamber to Host a Webinar on Opportunities in Uganda’s Oil and Gas Sector

Africa Oil and Power and the African Energy Chamber to Host a Webinar on Opportunities in Uganda’s Oil and Gas Sector

AFRICA, EAST AFRICA, ECONOMY, OIL, UGANDA
The webinar is open to the public and will take place on Wednesday, 16:00 EAT on 13 May 2020 The webinar will highlight opportunities in Uganda, currently considered as one of Africa’s most promising oil and gas frontiers. Speakers include Hon. Dr. Elly Karuhanga, Chairman of Uganda Chamber of Mines and Petroleum, NJ Ayuk, Executive Chairman of the African Energy Chamber, Gilbert Kamuntu, Chief Commercial Officer of the Uganda National Oil Company and Brian Muriuki, Managing Director and Country Chair, Shell Ghana; The webinar is open to the public and will take place on Wednesday, 16:00 EAT on 13 May 2020. Following Total’s move to acquire Tullow Oil’s stake in the Uganda Lake Albert Project, Africa Oil & Power and the African Energy Chamber are hosting a public webinar on t...
African Oil Producer Urges Nigeria and African Countries to Take a Position on Energy and Economic Diversification

African Oil Producer Urges Nigeria and African Countries to Take a Position on Energy and Economic Diversification

AFRICA, ECONOMY, Nigeria, OIL
If there is one thing that the current COVID-19 and oil prices crises have demonstrated, it is that African oil-producing nations are still not economically diverse. Despite repeated actions taken by governments over the past decade to diversify their economies, especially following the 2014-2016 African recessions, not enough has been done. Economic crises in African oil producing countries this year will be so severe they could reach double digit economic recessions. As countries like Nigeria, Angola, Gabon, Congo or Equatorial Guinea deal with unprecedented lows in oil prices and struggle to keep their economies afloat, the current downturn could well be the historic turning point these economies need to seriously put diversification at the top of economic policies priorities. To...
East Africa’s Oil Industry: A New Story in the Making

East Africa’s Oil Industry: A New Story in the Making

AFRICA, EAST AFRICA, OIL
The moving forward of the Lake Albert Development Project, and its export pipeline, is a major step forward de-risking other potential oil & gas projects in East Africa The recent acquisition by Total of Tullow Oil’s entire interests in the Lake Albert Development Project in Uganda, including the East African Crude Oil Pipeline, marks the beginning of a new chapter for East Africa’s energy industry. To dissect the deal and discuss its wider implications for the region, the African Energy Chamber organised a webinar with leading regional industry experts, held under the Chatham House Rule. Featuring key officials and representatives from Stanbic Bank, Standard Bank, Shell, Baker Hughes and the Kenya National Oil Company, the webinar was hosted by Eng. Elizabeth Rogo, Founder &...
Uganda underlines its intention to become a major oil and gas player

Uganda underlines its intention to become a major oil and gas player

AFRICA, Business, EAST AFRICA, ECONOMY, INTERNATIONAL NEWS, OIL, UGANDA
President Museveni, Tullow Oil and Total’s CEOs could not have chosen a better time to announce their agreement to resolve a long-standing capital gains tax dispute that had earlier prevented Tullow Oil from farming out its Lake Albert licenses to Total. Oil junior Tullow Oil announced that it has agreed the sale of its entire stake in the Lake Albert Development Project in Uganda to oil major Total for US$575 million in cash plus post first oil contingent payments. This is welcomed news for both companies, Uganda, and the oil industry globally and in Africa in particular, all of which are going through a period of distress in the face of Covid -19 and crude oil prices crash. Uganda expects to start commercial production of oil by 2022 This will automatically catapult Uganda to b...
Equatorial Guinea’s Oil and Gas Sector tackles COVID-19 Strategy

Equatorial Guinea’s Oil and Gas Sector tackles COVID-19 Strategy

AFRICA, Business, CORONAVIRUS, EQUATORIAL GUINEA, HEALTH, INTERNATIONAL NEWS, OIL
Equatorial Guinea’s leading energy players united in a webinar on Thursday to address the impact of COVID-19 on the country’s oil and gas sector and delineate mitigation measures to sustain its pace of engagement with global investors. With a sharp drop in the barrel price and 90% of its revenue derived from oil and gas exports, Equatorial Guinea is projected to be one of the hardest hit African economies by COVID-19. While no projects in the country have officially been postponed, companies across the continent in Ghana, Senegal, Mozambique, Uganda and Cameroon have encountered project delays, canceled contracts, postponements of final investment decisions and the implementation of ‘force majeure’ contract clauses due to the drop in exploration activity. “When China was first hit, ...
Oil-rich Venezuela is running out of gas

Oil-rich Venezuela is running out of gas

CORONAVIRUS, ECONOMY, HEALTH, INTERNATIONAL, INTERNATIONAL NEWS, OIL, SOUTH AMERICA, Venezuela
CARACAS, Venezuela — With friends and family stuck indoors and buses rarely running, Onasis Muñoz missed several lifesaving dialysis sessions for his failing kidneys. When his blood pressure started to dangerously spike, he had one option left: a 20-minute hike to the nearest clinic. Venezuela’s acute fuel shortages are leaving medical professionals stuck in gas lines or struggling to reach their place of work just as the coronavirus outbreak threatens to overwhelm the crisis-stricken country’s battered health system. people lining up at a gas station in Caracas, Venezuela “There were no medicines [before], and now no gasoline,” said Muñoz, 28, who lives in Venezuela’s coastal Carabobo state, two hours from the capital. When drugs were scarce last year, he said, he went eight mon...
Africa Energy Forum relocates to Amsterdam from 20-22 October 2020

Africa Energy Forum relocates to Amsterdam from 20-22 October 2020

AFRICA, Business, CORONAVIRUS, ECONOMY, EUROPE, HEALTH, INTERNATIONAL, INTERNATIONAL NEWS, Netherlands, OIL, TECHNOLOGY
This year’s Africa Energy Forum (aef) has been rescheduled to take place in Amsterdam, the Netherlands from 20-22 October 2020. Previously due to take place in July, the move comes in the interests of all attendees’ safety after monitoring the COVID-19 situation and its impact on global economies. The Forum, organised by EnergyNet, brings together decision-makers in Africa's energy sector to form partnerships, identify opportunities and collectively move the industry forward. EnergyNet’s Managing Director Simon Gosling EnergyNet’s Managing Director Simon Gosling commented on the move; “This decision has not been taken lightly and we hope clients will recognise this opportunity to fast-track their business development after a significant period of disruption. We’ve chosen Amste...
Juggling at the Top: What it Takes to Manage a Pan-African Energy Law Practice in 2020

Juggling at the Top: What it Takes to Manage a Pan-African Energy Law Practice in 2020

AFRICA, Business, ECONOMY, OIL, TECHNOLOGY
At 35, Zion Adeoye is the youngest Managing Partner at an African multi-national law firm. Appointed in 2020 to head the Centurion Law Group (https://CenturionLG.com), Zion embodies a new generation of African lawyers leading the continent into the transformations that will place Africa as the 21st century’s success story. As he reflects on his professional journey so far, he shares his lessons to any young Africans in search of a meaningful legal career on the continent. Called to the bar in 2011, Zion holds an LLB from the University of Ibadan in Nigeria and a BL from the Nigerian Law School. Having spent most of its early legal career in Nigeria working on cross-border energy transactions, he moved to South Africa in 2017 to take on the position of Senior Associate Attorney at Centu...
African Energy Chamber urges Organization of the Petroleum Exporting Countries (OPEC) to reach a deal on ending Oil Prices War

African Energy Chamber urges Organization of the Petroleum Exporting Countries (OPEC) to reach a deal on ending Oil Prices War

AFRICA, Business, ECONOMY, OIL
Nj Ayuk, Executive Chairman at the African Energy Chamber JOHANNESBURG, South Africa, April 7, 2020/ -- OPEC and OPEC+ are set to meet in Vienna on Thursday, April 9th, to try to reach a deal on ending the current oil prices war. Since OPEC failed to reach a deal on maintaining production cuts last March, major oil producers have been ramping up production to maintain and increase their market share. Increased supply came on top of a demand shock due to the COVID-19 pandemic, and sent oil prices at a historic low averaging $20.Ahead of the meeting, the African Energy Chamber (https://EnergyChamber.org) urges OPEC and OPEC+ to work together and find a deal to restore market stability. The situation in Africa’s oil economies is dire and the continent needs a deal to ensure th...
Africa Oil & Power pledges support to Energy Industry, offers Free Communications Services

Africa Oil & Power pledges support to Energy Industry, offers Free Communications Services

AFRICA, Business, CORONAVIRUS, ECONOMY, HEALTH, OIL, TECHNOLOGY
Serving as Africa’s premier platform for energy investment and policy, Africa Oil & Power (AOP) is making its website and social platforms available to help share news and information from all organizations involved in the African energy sector. Due to the Covid-19 pandemic, the entire industry is faced with unprecedented challenges. AOP will support all organizations involved in African energy in order to promote public safety and wellbeing, distribute notices and information about projects and personnel, and combat misinformation. Any organization working in the energy sector in Africa can send press releases to be published on the AOP website, free of charge. “Good information and open communication across digital platforms is critical now more than ever. Africa Oil &...
Equatorial Guinea shortlists companies for Key Energy Projects under its Year of Investment

Equatorial Guinea shortlists companies for Key Energy Projects under its Year of Investment

AFRICA, Business, ECONOMY, EQUATORIAL GUINEA, OIL, TECHNOLOGY
The Board of Directors of the Ministry of Mines and Hydrocarbons (MMH) of Equatorial Guinea has selected and revealed the key companies shortlisted for the execution of its landmark projects under its ongoing Year of Investment. The decision was adopted during a meeting on March 19th, 2020. At Punta Europa, where most of Equatorial Guinea’s gas and energy activities are currently located, the country is building a modular refinery, storage tanks and a methanol-to-derivatives plant. Interested companies for the modular refinery include American oil company Marathon Oil, a Spanish-Russian consortium of Selquimica International with Engineering and Energy, and British company Rosslyn Energy. The latter is also interested in the development of the Storage Tanks, along with British com...
Senegal Oil & Power Event Postponed; Africa Oil & Power (AOP) Supports Senegal’s Efforts to Fight COVID-19

Senegal Oil & Power Event Postponed; Africa Oil & Power (AOP) Supports Senegal’s Efforts to Fight COVID-19

AFRICA, Business, CORONAVIRUS, ECONOMY, HEALTH, OIL, SENEGAL
Organizer Africa Oil & Power stands in solidarity with the Senegalese people and leadership in the fight against the coronavirus threat; Senegal Oil & Power 2020 is postponed in the interest of public safety due to the COVID-19 pandemic; Senegal is becoming energy powerhouse, with two large offshore oil and gas projects in development as well as global-scale renewable energy initiatives. Due to the restrictions imposed by COVID-19 on travel, meetings and large gatherings globally, Senegal’s official energy event Senegal Oil & Power 2020, originally planned for May 27-28, will be postponed to a later date. Organizer Africa Oil & Power (AOP) pledges its full support and solidarity with the people of Senegal and the nation’s leadership as they fight the coronavirus. ...
African Energy Chamber encouraged by Recent Gas Monetization Drive in Côte d’Ivoire

African Energy Chamber encouraged by Recent Gas Monetization Drive in Côte d’Ivoire

AFRICA, Côte d’Ivoire, ECONOMY, IVORY COAST, OIL, TECHNOLOGY
ABIDJAN, Ivory Coast, March 25, 2020,/ -- Côte d’Ivoire is establishing a new energy leadership in West Africa following several initiatives taken to monetize natural gas across power generation and public transport. In a region rich in natural gas, such initiatives are driving Côte d’Ivoire’s energy transition and paving the way for more industrialization and job creation.Since January 2020, the country has secured key financing for its major gas-to-power projects, Azito and Atinkou. The former is a brownfield expansion of the existing Azito gas-to-power station, a 460MW plant owned and operated by Globeleq which uses natural gas supplied from Côte d’Ivoire’s offshore gas fields. Azito is being expanded by 253MW and its expansion project reached financial close in January 2020. Upon ...