Tuesday, July 7We Break the News
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Tag: Energy

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 ...
Africa has a once in a generation opportunity to ‘recover better’ with sustainable energy

Africa has a once in a generation opportunity to ‘recover better’ with sustainable energy

AFRICA
VIENNA, Austria, July 1st, 2020/ -- As countries continue to rebuild from the COVID-19 pandemic, a new guide by Sustainable Energy for All (SEforALL) (www.SEforALL.org) shows how clean energy investment can support countries to ‘Recover Better’, and use this unique moment to reset their economies and close energy access gaps.According to The Recover Better with Sustainable Energy Guide for African Countries (https://bit.ly/2Bn7lGG) that was released by SEforALL today, countries that commit to an ambitious recover better strategy today can deliver long term economic growth, new jobs, and sustainable energy for all in the long-term.This is particularly key for Africa after COVID-19 has highlighted the deep regional divide on energy access progress. Africa is a region full of promise and a g...
Uganda’s Second Licensing Round: Joining Africa’s Next Oil & Gas Frontier

Uganda’s Second Licensing Round: Joining Africa’s Next Oil & Gas Frontier

AFRICA
NAIROBI, Kenya, June 27, 2020/ -- Among the few ongoing licensing rounds on the continent this year is Uganda’s Second Licensing Round, announced by the Ministry of Energy and Mineral Resources last year. The deadline for submitting the application for qualification on the five blocks on offer in the Albertine Graben is September 30th, 2020. The acreages on offer have become even more attractive since Tullow Oil announced the sale of its entire stake in the Lake Albert Development Project earlier this year to Total. The agreement puts an end to a long-standing capital gains tax dispute with Ugandan authorities, and opens up the way for the upstream development of up to 200,000 bopd by Total and CNOOC, along with an oil refinery and an oil export pipeline to through Tanzania. As Tota...
Coronavirus – Africa: Renewable energy investments crucial in Africa’s efforts to build back better post COVID-19

Coronavirus – Africa: Renewable energy investments crucial in Africa’s efforts to build back better post COVID-19

AFRICA
ADDIS ABABA, Ethiopia, June 26, 2020/ -- It is essential for African governments to build back strong from the coronavirus crisis by placing investments in sustainable energy among the central recovery goals, and linking recovery investment to strengthening the foundation of future sustainable development. This was said Wednesday by Economic Commission for Africa (ECA) Executive Secretary, Ms. Vera Songwe, and Renewable Energy Solutions for Africa (Res4Africa) Secretary General, Roberto Vigotti, in a joint statement following the publication of a study by their institutions exploring the impact of COVID-19 on African economies and their energy sectors. The study, which was done in partnership with SDA Bocconi and with the support of Southern African Power Pool (SAPP) and Ethiopian W...
Africa Oil & Power Confirms New 2021 Date for Africa’s Energy Conference

Africa Oil & Power Confirms New 2021 Date for Africa’s Energy Conference

AFRICA
CAPE TOWN, South Africa, June 26, 2020/ -- Africa Oil & Power (AOP) 2021 (www.AfricaOilandPower.com) highlights African integration across borders throughout the entire energy value chain and examines the African investment environment post COVID-19; AOP 2021 welcomes presidents, ministers, national oil companies and utility heads, IPP and renewables executives and more for the fifth edition of Africa’s Energy Conference; AOP 2021 is the only event on the continent that fully unites power with petroleum, focusing on the driving factors behind Africa’s energy transition. The fifth edition of Africa Oil & Power (AOP) returns to Cape Town’s International Convention Center on October 5-7, 2021 for three days of deal-making and discussions focused on Africa’s energy transition, indu...
Angola Committed to Meeting Energy Objectives Amid COVID-19

Angola Committed to Meeting Energy Objectives Amid COVID-19

AFRICA
CAPE TOWN, South Africa, June 26, 2020/ -- Africa Oil & Power (http://www.AfricaOilandPower.com), the African Energy Chamber and the U.S.-Angola Chamber of Commerce united to present, ‘Powering Forward: The Pathway to Grid Stability, Increased Capacity and a Diversified Angolan Economy,” on Thursday; The webinar addressed how Angola can continue to prioritize its development of national transmission and distribution capacities in the long-term, with a view toward increasing electrification, job creation and economic growth; Panelists included Maria da Cruz, President & CEO of the U.S.-Angola Chamber of Commerce; Paul Ghiotto, Deputy Political-Economic Chief/Energy Officer, Political-Economic Section, U.S. Embassy Luanda and Frederico Martins Correia, Energy, Resources & Indust...
Supporting East Africa’s Young Professionals: A webinar presented by the African Energy Chamber

Supporting East Africa’s Young Professionals: A webinar presented by the African Energy Chamber

AFRICA
NAIROBI, Kenya, June 24, 2020/ -- The voice of young professionals in the energy industry in East Africa will present an important and timely discussion through a webinar hosted by the African Energy Chamber (www.EnergyChamber.org). The COVID-19 pandemic has caused a seismic shift in the oil and gas sector and has brought into the fore the “great crew change”. The African Energy Chamber webinar will give young Africans a voice in the energy sector and ensure that their views are heard and taken seriously. ‘It is important to listen to young professionals who represent the future of our industry in Africa and even globally’, said Elizabeth Rogo, President of the African Energy Chamber East Africa. “Africa has great talent and this is why we at the chamber believe that nations shoul...
Equatorial Guinea adopts New Petroleum Regulation

Equatorial Guinea adopts New Petroleum Regulation

AFRICA
MALABO, Equatorial Guinea, June 24, 2020/ -- The Ministry of Mines and Hydrocarbons (MMH) of the Republic of Equatorial Guinea has announced the adoption of the new Regulation of Petroleum Operations, Regulation No. 2/2020 of June 15th, 2020. The new Regulation modernizes Equatorial Guinea’s existing regulatory framework and is intended to maintain the country’s attractiveness for foreign investors. It notably covers key matters such as the extension of the productive life of mature fields though mechanisms allowing operators to generate greater value from these assets; the exploration of marginal and onshore fields along with investments in deep and ultra deep water acreages; the monetization of gas and the development of the petrochemicals industry, along with further integration of ...
African lives matter, too; Energy Policy decisions should consider their needs

African lives matter, too; Energy Policy decisions should consider their needs

AFRICA
JOHANNESBURG, South Africa, June 23, 2020/ -- By NJ Ayuk As African oil and gas countries struggle with Covid-19’s devastating impact on demand, two international groups seem to be celebrating it. Earlier this month, the Organisation for Economic Co-operation and Development (OECD) and the International Energy Agency (IEA) described the low oil prices caused by the pandemic as a “golden opportunity” for governments to phase-out fossil fuel support and usher in an era of renewable energy sources. “Subsidising fossil fuels is an inefficient use of public money and serves to worsen greenhouse emissions and air pollution,” OECD Secretary-General Angel Gurría said in a joint OECD-IEA statement. “While our foremost concern today must be to support economies and societies through t...
Arab Petroleum Investments Corporation (APICORP) bolsters Jordan’s Energy Sustainability and wider access to Electric Power with Equity Stake in Tafila Wind Farm

Arab Petroleum Investments Corporation (APICORP) bolsters Jordan’s Energy Sustainability and wider access to Electric Power with Equity Stake in Tafila Wind Farm

INTERNATIONAL
DAMMAM, Kingdom of Saudi Arabia, June 19 2020/ -- Investment is in line with APICORP’s (www.APICORP.org) strategic drive to support energy diversification and access to sustainable power in MENA region; Investment marks APICORP’s first investment in Jordan and first direct equity investment in a wind energy project; APICORP’s acquisition of 20% equity stake in Jordan Wind Project Company supports Jordan’s demand for sustainable power and strong wind potential. The Arab Petroleum Investments Corporation (APICORP), a multilateral development bank, today announced its first direct equity investment in a wind energy venture, the Jordan Wind Project Company (JWPC), the developer of the Tafila Wind Project in the Hashemite Kingdom of Jordan. APICORP’s 20% equity stake in the project also mar...
Energy Transition Plays Role in Driving FIDs Across Africa

Energy Transition Plays Role in Driving FIDs Across Africa

AFRICA
CAPE TOWN, South Africa, June 19, 2020 -- Hosted by Africa Oil & Power (AfricaOilandPower.com) and the African Energy Chamber, the ‘Closing Deals: Advancing FID During COVID-19’ webinar addressed the prioritization of energy projects in an environment of limited capital investment; Natural gas developments are facing fewer delays in FID than oil exploration and production projects. ‘Closing Deals: Advancing FID During COVID-19,’ a public webinar held on Thursday, explored the future of deal-making and African energy financing in the short- and long-term, following the unprecedented impact of COVID-19 on the sector. As operators continue to face uncertainty and a low-price oil environment, a range of survival strategies have been employed in the short term, including halting...
Infrastructure Fund Africa50 helps Egypt’s Solar Power Sector take off

Infrastructure Fund Africa50 helps Egypt’s Solar Power Sector take off

AFRICA
ABIDJAN, Ivory Coast, June 19, 2020 -- A 37-square-kilometer solar park so large that it can be seen from space, with over seven million photovoltaic panels, and funding of $4 billion. In Africa? Impossible? Not anymore. Thirty international infrastructure developers got behind this project, investing in Egypt’s massive Benban solar park, which will be the largest in the world upon completion. Among the investors is Africa50, established by the African Development Bank (AfDB.org). Africa50 is an independent infrastructure fund, focused on high-impact projects mostly in the energy and transport sectors. The investment vehicle contributes to Africa’s growth by developing and investing in bankable projects, catalyzing public sector capital and mobilizing private sector funding. Afri...
African Energy Chamber Calls on Investors to Benefit from Extension of the 12th Gabon Licensing Round

African Energy Chamber Calls on Investors to Benefit from Extension of the 12th Gabon Licensing Round

AFRICA
JOHANNESBURG, South Africa, June 12, 2020/ -- Gabon’s Directorate General of Hydrocarbons and PGS have just expanded the Gabon MegaSurvey coverage, significantly increasing access to 3D seismic over the 35 blocks on offer under the ongoing 12th Offshore Licensing Round. In a very competitive market environment, Gabon is showing once again its willingness to remain attractive and engage with regional and global investors to attract capital and technology in its acreages. Gabon’s ongoing Licensing Round was launched in November 2018 and has already been met with significant success, resulting in the signing of a record number of PSCs in sub-Saharan Africa last year. In response to ongoing market conditions and the pandemic of Covid-19, the Ministry of Petroleum, Gas, Hydrocarbons and Min...
African Energy Chamber Launches Membership Offering

African Energy Chamber Launches Membership Offering

AFRICA
JOHANNESBURG, South Africa, June 10, 2020/ -- The launch of the African Energy Chamber membership seeks to provide access to opportunities for the advancement of Africa’s energy industry; This offering come at a time of transition in the energy sector and, as a means for the Chamber to continue its commitment to uplift, represent and advocate for the creation of opportunities for local and international businesses and communities; To become a member of the African Energy Chamber visit EnergyChamber.org/members or emailmembers@energychamber.org. Over the past few years, the African Energy Chamber has been instrumental in promoting collaboration within the African energy industry. In doing so, it has played a key role in representing, advocating and supporting the growth of the continent...
OPEC’s decision to extend Production Cuts is a Positive Step for African Energy Players

OPEC’s decision to extend Production Cuts is a Positive Step for African Energy Players

AFRICA
JOHANNESBURG, South Africa, June 9, 2020/ -- Over the weekend, the 11th OPEC and non-OPEC Ministerial Meeting concluded on a series of decisions which will help maintain a still fragile market stability, and which should be supported. Held via videoconference on Saturday, June 6th, the Ministerial Meeting reconfirmed the existing arrangements under the April agreement and extended the production cuts of 9.7 million barrels per day by another month, until July 30th 2020. The deal was initially due to expire on June 30th. In addition, all participating countries subscribed to the concept of compensation by those countries who were unable to reach full conformity to the agreement in May and June. As a result, and in addition to their already agreed production adjustment for May an...
African Energy Chamber Calls for Extension and Compliance with Production Cuts Ahead of Next OPEC Meetings

African Energy Chamber Calls for Extension and Compliance with Production Cuts Ahead of Next OPEC Meetings

AFRICA
JOHANNESBURG, South Africa, June 6, 2020/ -- As OPEC prepares to host the 179th Meeting of the OPEC Conference and 11th OPEC and non-OPEC Ministerial Meeting via videoconference next week, the African Energy Chamber (http://EnergyChamber.org/) is calling on African producers to extend production cuts and remain compliant with their obligations. The historic deal reached by OPEC and OPEC+ last April, which took effect a month ago, is slowly starting to take effect. Along with gradual reopening of global economies, production cuts are pushing prices back to $40/barrel much quicker than initially thought. This is a clear indication that the OPEC strategy and its global deal are working, and the same kind of industry cooperation spirit that supported the April 2019 deal needs to remain in ...