Tuesday, January 26We Break the News

Tag: Energy

Mozambique’s Ministry of Energy backs Upcoming Gas & Power Conference

Mozambique’s Ministry of Energy backs Upcoming Gas & Power Conference

AFRICA
MAPUTO, Mozambique, September 7, 2020/ -- Africa Oil & Power (www.AfricaOilAndPower.com) has signed a strategic partnership with Mozambique’s Ministry of Mineral Resources and Energy for the upcoming Mozambique Gas & Power 2021 Conference & Exhibition (March 8-9); Minister of Mineral Resources and Energy H.E. Max Tonela will be in attendance, accompanied by a ministerial delegation of high-level decision makers; Africa Oil & Power represents the continent’s leading investment promotion platform for the energy sector. Africa Oil & Power (AOP) is proud to announce its strategic partnership with Mozambique’s Ministry of Mineral Resources and Energy (MIREME) for the inaugural Mozambique Gas & Power (MGP) 2021 Conference & Exhibition, taking place in Maputo ...
African Energy Transition Committee to Drive Solutions for a Net Zero Future and Energy Poverty

African Energy Transition Committee to Drive Solutions for a Net Zero Future and Energy Poverty

TECHNOLOGY
JOHANNESBURG, South Africa, July 30, 2020/ -- As the Covid-19 pandemic is set to accelerate the global energy transition, the African Energy Chamber (https://EnergyChamber.org/) is appointing an Advisory Committee to assist in developing new African business models and solutions to the global decarbonization challenge. Such members include: Nicolas Pompigne-Mognard, Founder and Chairman, APO GroupAkinwole Omoboriowo II, Chairman and CEO, Genesis Energy GroupRolake Akinkugbe-Filani, Managing Director, EnergyInc Advisors and Senior Africa Advisor, IFU Danish Investment FundWalter Peviani, Managing Director, Saipem Contracting Nigeria Ltd.Rémi Mouchel, Operations Director and President of the Executive Board, IFP TrainingMembers of the Energy Transition Committee act in their personal cap...
In Landmark Year, South Sudan Promotes Energy Investment with Webinar and South Sudan Oil & Power Event

In Landmark Year, South Sudan Promotes Energy Investment with Webinar and South Sudan Oil & Power Event

AFRICA
JUBA, South Sudan, July 25, 2020/ -- Amid Covid-19, South Sudan shows the world it is open for business and committed to economic prosperity and inclusive growth; The regional energy value chain will unite next year for South Sudan’s official energy event South Sudan Oil & Power 2021, on June 29-30, in Juba; South Sudan will host a webinar on Monday July 27 under the theme Preserving Economic Progress in the Face of COVID-19 organized by the African Energy Chamber and Africa Oil & Power (www.AfricaOilandPower.com). South Sudan has set 2020 as a year of peace and growth, underlined by the formation of the unity government as well as its active oil and gas sector and sizeable exploration opportunities. Before COVID-19 sent the global energy sector into turmoil, the swearing in of...
Natural Gas to Change Africa: the Vision of the African Energy Chamber’s Newest Advisory Committee

Natural Gas to Change Africa: the Vision of the African Energy Chamber’s Newest Advisory Committee

AFRICA
JOHANNESBURG, South Africa, July 23, 2020/ -- In continuation of recent announcements on the African Energy Chamber’s Advisory Board (2020 – 2021) (EnergyChamber.org), the Chamber is delighted to announce the nominations on its Natural Gas Committee. The committee will be instrumental in advising the Chamber on several projects and initiatives to boost investments into gas infrastructure across the continent, and develop gas awareness campaigns to drive up demand and consumption. The Natural Gas Committee of the Chamber’s Advisory Board is made up of: Nosizwe Nokwe-Macamo, Executive Chairman & Founder, Raise Africa InvestmentsJorg Kohnert, Managing Director, Jagal EnergyEric Williams, President, Royal Triangle Energy SolutionsAnn Norman, General Manager – Africa, Pioneer EnergyPier...
Kenya Power appoints African Energy Chamber’s East Africa President Eng. Elizabeth Rogo to its Board

Kenya Power appoints African Energy Chamber’s East Africa President Eng. Elizabeth Rogo to its Board

AFRICA
NAIROBI, Kenya, July 22, 2020/ -- Eng. Elizabeth Rogo, Founder & CEO of TSAVO Oilfield Services and President for East Africa at the African Energy Chamber (https://EnergyChamber.org/) has been appointed Non-Executive Director on the Board of Kenya Power and Lighting Plc, Kenya’s state utility company. Kenya Power has been making steady progress towards providing safe, secure and reliable electricity to Kenyan households and industries for several years. The company is a key pillar of the country’s Vision 2030, which aims to transform Kenya into a newly industrializing, middle-income nation. By handling most of Kenya’s power transmission and distribution, Kenya Power is the most crucial fighter against energy poverty in the country. “Elizabeth is solidly pro-energy for all and f...
African Energy Chamber and Mozambican Oil & Gas Chamber Agree to Work on Local Content Development

African Energy Chamber and Mozambican Oil & Gas Chamber Agree to Work on Local Content Development

AFRICA
JOHANNESBURG, South Africa, July 21, 2020/ -- The African Energy Chamber (www.EnergyChamber.org) and the Mozambican Oil & Gas Chamber (CPGM) have signed a cooperation agreement to support the development of local content in Mozambique and the attraction of investments into key segments of the country’s energy industry. With multi-billion dollar LNG projects under-construction, including Coral South FLNG and Mozambique LNG, the country is on its way to become a global gas market and competitive African energy frontier. Ongoing developments, and potential future ones such as Rovuma LNG, have the potential to transform the Mozambican economy not only through the generation of revenues for the state, but also through the monetization of domestic gas across industries. As it is the c...
Gabon’s New Government is Best Placed to Support Energy Industry Recovery

Gabon’s New Government is Best Placed to Support Energy Industry Recovery

AFRICA
JOHANNESBURG, South Africa, July 21, 2020/ -- The new Gabonese government announced last week by President Ali Bongo Ondimba demonstrates Gabon’s intention to work on a post-Covid19 recovery based on sustainability, transparency and a sound and stable business environment. The African Energy Chamber salutes the nomination of Gabon’s first women Prime Minister, H.E. Rose Christiane Ossouka Raponda. Gabon has always set the tone in Africa when it comes to sustainability and inclusive growth, and the appointment of a capable woman technocrat with a strong financial and economic background is another step in the right direction. In addition, H.E. Vincent de Paul Massassa has been reappointed Minister of Petroleum, Gas and Mines and will continue leading the industry through its historic...
Trident Energy continues to bet on Pre-Salt Layer with Brazil Acquisition

Trident Energy continues to bet on Pre-Salt Layer with Brazil Acquisition

INTERNATIONAL
JOHANNESBURG, South Africa, July 17, 2020/ -- Trident Energy, the independent company operating the Ceiba and Okume fields in Equatorial Guinea since 2017, has just made its official entry into Brazil’s offshore. The company has acquired the Pampo & Enchova clusters from state-run Petrobras, which include ten concessions producing over 22,000 bopd from the PPM-I, PCE-1, P-8 and P-65 platforms. With this acquisition, Trident Energy confirms continued appetite from independent oil & gas operators to grow their assets globally, especially in proven geological regions around the pre-salt layer which extends from Africa to Brazil. Such offshore regions, which include the hydrocarbons-rich provinces found in Angola, Equatorial Guinea or São Tomé and Príncipe, have proven to be very i...
Local Content Advisory Committee to push for a More Inclusive Energy Industry

Local Content Advisory Committee to push for a More Inclusive Energy Industry

AFRICA
JOHANNESBURG, South Africa, July 17, 2020/ -- The African Energy Chamber (EnergyChamber.org) has appointed its highest-level advisory committee to serve on local content matters and support capacity building across the continent. Local Content Committee members are part of the Chamber’s Advisory Board and serve in their personal capacities, representing decades of experience working for the leading local and international players in Africa. They include: Kola Karim, CEO, Shoreline Energy International Walter Peviani, Managing Director, Saipem Contracting Nigeria Ltd Jorg Kohnert, Managing Director, Jagal Energy Chijioke Akwukwuma, Managing Director/CEO, Ocean Deep Drilling ESV Nigeria Limited (ODENL) Jude Kearney, President, Kearney Africa Eric Williams, President, Royal...
The African Energy Chamber shares its vision for Africa through 60-minute sessions.

The African Energy Chamber shares its vision for Africa through 60-minute sessions.

AFRICA
JOHANNESBURG, South Africa, July 17, 2020/ -- The 60-minute session will take place on 24 July 2020, registration is free at aecwebinars.com; Executive Chairman, NJ Ayuk; Senior Vice President, Verner Ayukegba; Sergio Pugliese, President for Angola; Leoncio Amada Nze, Executive President, CEMAC region and Eng. Elizabeth Rogo, Executive President for East Africa will provide their observations of their market and highlight the work the Chamber has planned in the coming months. Following the successful launch of its membership offering, the African Energy Chamber (https://EnergyChamber.org/) is pleased to announce that it will be hosting bi-monthly introductory sessions to its team across the continent intending to showcase its vision for Africa and how industry practitioners can join th...
Coronavirus – Africa will need a lot of energy to power its COVID-19 recovery, says Vera Songwe

Coronavirus – Africa will need a lot of energy to power its COVID-19 recovery, says Vera Songwe

AFRICA
ADDIS ABABA, Ethiopia, July 16, 2020/ -- Africa will need a lot of energy to build back better in the aftermath of the coronavirus pandemic, Executive Secretary of the Economic Commission for Africa (ECA), Vera Songwe, said Wednesday. Speaking during a Res4Africa webinar on scaling up renewable energy investments in Africa, Ms. Songwe said actions to ensure there is enough energy to power Africa’s rebuilding efforts should focus on three key aspects - infrastructure, supply and cost of energy. She said following the outbreak of the COVID-19 pandemic, trade, education and health had moved to ICT platforms, consuming about 40 percent of the continent’s energy. “So for us to be able to have on the continent a viable ICT sector that will allow our economies to build back better, we a...
Investment in Democratic Republic of Congo (DRC) Infrastructure and Energy is Paramount: Africa Oil & Power 2021 DRC Investment Summit Launches

Investment in Democratic Republic of Congo (DRC) Infrastructure and Energy is Paramount: Africa Oil & Power 2021 DRC Investment Summit Launches

AFRICA
KINSHASA, Democratic Republic of Congo, July 15, 2020/ -- Kinshasa will welcome a broad base of international and African investors to the first ever DRC Energy & Infrastructure Investment Summit, organized by Africa Oil & Power (AOP) (www.AfricaOilAndPower.com), in 2021; the African Energy Chamber is a strategic launch partner and AOP will draw on its network in China, Europe and across Africa, including South Africa, to promote investment in oil and gas, power, mining and infrastructure; the DRC has one of Africa’s largest and most diverse endowments of mineral resources and a need to develop infrastructure nationwide. The event will highlight projects across all areas of the country. Africa Oil & Power (AOP) is launching the Democratic Republic of Congo’s first ever...
US-Africa Energy Advisory Committee to Push Energy Dialogue and Investment

US-Africa Energy Advisory Committee to Push Energy Dialogue and Investment

INTERNATIONAL
JOHANNESBURG, South Africa, July 15, 2020/ -- The African Energy Chamber (www.EnergyChamber.org) has appointed a US-Africa Committee to serve on its Advisory Board and support the development of stronger energy cooperation and investment between the United States and Africa. Serving in their personal capacities, the members of the US-Africa Committee gather several decades of experience in government and the private sector from both sides of the Atlantic, and share a passion for Africa and its development. They include: Reginal "Reg"​ Spiller, CEO, Azimuth Energy Investments LLCKola Karim, CEO, Shoreline Energy InternationalRogers Beall, Executive Chairman and CEO, Africa Fortesa CorporationJude Kearney, President, Kearney AfricaC. Derek Campbell, CEO, Energy & Natural Resource Sec...
African Energy Chamber Salutes the Bank of Central African States (BEAC)’s Authorization to Open Foreign Currency-labelled Escrow Accounts

African Energy Chamber Salutes the Bank of Central African States (BEAC)’s Authorization to Open Foreign Currency-labelled Escrow Accounts

AFRICA
MALABO, Equatorial Guinea, July 13, 2020 -- In its Ordinary Meeting held on July 2nd, 2020, the Board of Directors of the Bank of Central African States (BEAC) has allowed the opening of foreign currency escrow accounts by petroleum and mining operators. The authorization was given within the implementation framework of key dispositions of Regulation No. 02/18/CEMAC/UMAC pertaining to foreign currency exchanges within the CEMAC region.  The African Energy Chamber wishes to salute such pragmatism and notes the BEAC’s willingness to offer the best enabling environment for the oil & gas industry in the wake of the ongoing crisis. Earlier this year, the Chamber had joined several industry stakeholders in calling on the BEAC to relax its currency controls rules adopted in June 2019. ...
African Energy Chamber Launches New Energy Jobs Portal and Pledges to Boost Local Content

African Energy Chamber Launches New Energy Jobs Portal and Pledges to Boost Local Content

AFRICA
JOHANNESBURG, South Africa, July 8, 2020/ -- In order to maximize the saving of local jobs and assist in the recovery of African energy markets after the Covid-19 crisis, the African Energy Chamber (www.EnergyChamber.org) and its partners have launched a free-of-access jobs portal for trained and qualified African workforce. The collaborative platform is accessible at www.EnergyChamber.org/jobs and relays the latest jobs opportunities for Africans across the continent’s energy markets. The platform will assist local and international companies in attracting local talent across 30 different skills set in the oil & gas, power and renewable energy sectors. All energy companies operating in Africa are able to post their job offers for free, and these will be relayed on the platform and...
BUA Cement set to establish Ultramodern 3million Cement Plant, 50mw Power Plant in Adamawa

BUA Cement set to establish Ultramodern 3million Cement Plant, 50mw Power Plant in Adamawa

AFRICA
LAGOS, Nigeria, July 7, 2020/ -- BUA Cement (www.BUAgroup.com), One of West Africa’s largest Cement companies has announced that it is set to establish a three million metric tonnes cement plant and 50 megawatts power plant in Guyuk and Lamurde local governments of Adamawa state in the North Easter region of Nigeria. This was revealed when the Chairman of BUA, Abdul Samad Rabiu led the BUA Cement Management team on a courtesy call to the Adamawa State Governor, Ahmadu Umaru Fintiri in the Government House, Yola. Speaking during the visit, Abdul Samad Rabiu said preliminary findings show that the two local governments of Guyuk and Lamurde are reputed to have good quality of limestone deposits and BUA Cement is ready to begin the investment in the state. He added that the BUA will use ne...
African Energy Chamber Hopeful for a Quick Resolution of Disagreements Over Fuel Shortages in Tanzania

African Energy Chamber Hopeful for a Quick Resolution of Disagreements Over Fuel Shortages in Tanzania

AFRICA
JOHANNESBURG, South Africa, July 7, 2020/ -- The African Energy Chamber (https://EnergyChamber.org/) expresses its concerns over the alleged arrest and detention of three energy executives in Tanzania last week. Total Tanzania’s Managing Director Jean-Francois Schoepp, Puma Supply Manager Adam Eliewinga and Oryx’s representative August Dominick were arrested for questioning and taken into custody while attending a consultative meeting between oil marketers and the Energy and Water Regulatory Authority (Ewura) in Dar es Salaam.  The African Energy Chamber is calling for the respect of the rule of law, and asking that they be afforded all due processes as required by Tanzanian law. Given how critical these times are the ongoing economic crisis across the continent because of the Covid-19...
European Travel Bans are counter-productive and hurting the Oil & Gas Sector’s ability to support Africa’s Economic Recovery

European Travel Bans are counter-productive and hurting the Oil & Gas Sector’s ability to support Africa’s Economic Recovery

AFRICA
JOHANNESBURG, South Africa, July 3, 2020/ -- The continuation of travel restrictions and suspension of visas and travel between Africa and Europe is heavily restraining the oil & gas industry’s recovery efforts. Because of its international nature, the oil & gas sector relies on global value-chains and successful cooperation and movement of people, goods and services between foreign and local contractors. The ongoing travel bans and restrictions of visa issuance are de facto preventing a lot of projects to move forward and to successfully contribute to the recovery of the continent. Major international oil companies such as Total, BP, Shell, Eni, ExxonMobil, Chevron or Equinor and independents such as Kosmos Energy, BW Energy, Maurel & Prom or Tullow Oil that operate a majo...
International Energy Agency’s Africa Dialogue Needs to be Inclusive for a Workable Africa’s Energy Transition

International Energy Agency’s Africa Dialogue Needs to be Inclusive for a Workable Africa’s Energy Transition

AFRICA
JOHANNESBURG, South Africa, July 2, 2020/ -- The African Energy Chamber (https://EnergyChamber.org/) takes notes of recent initiatives taken by the International Energy Agency (IEA) to support Africa’s energy transition and salutes the leadership of the IEA in this dialogue. Such conversations notably echo the Chamber’s recent statement on African Lives Matter, questioning the OECD and IEA’s recent call to phase out fossil fuels. While the conversation of Africa’s energy transition continues, the Chamber reiterates its support to inclusive dialogues that take into account the realities of African economies and of energy poverty. Unfortunately, the Africa Ministerial Roundtable organized this week has sidelined key stakeholders and actors within Africa’s energy sector, preventing its ab...
Our journey to electrify the continent: Five years of the New Deal on Energy for Africa (By Dr. Kevin Kariuki)

Our journey to electrify the continent: Five years of the New Deal on Energy for Africa (By Dr. Kevin Kariuki)

AFRICA
ABIDJAN, Ivory Coast, July 2, 2020/ -- By Dr. Kevin Kariuki Five years into the African Development Bank’s (https://www.AfDB.org/) ambitious New Deal on Energy for Africa (NDEA), the Bank’s investments are set to provide electricity access to around 13 million people and deliver about 55,000 km of distribution lines, and 6,700 km of transmission lines, of which 3,200 km are for regional interconnections. The NDEA called for a substantial increase in investments to realize the Bank’s High 5 priority to “Light Up and Power Africa,” which aims to mobilize finance and expertise to expand access to reliable, sustainable energy for more than 200 million Africans through investments in power generation, inter-connections, transmission and distribution. This effort is critical to unlocking ...