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International Gas Oil

Nigeria Introduces Fresh Slate of O&G Reforms

8, March, 20248, March, 2024

Nigerian President Bola Ahmed Tinubu has issued new policy directives aimed at incentivizing foreign investment in the country’s oil and gas sector. The executive order introduces new fiscal incentives for oil and gas projects, reduces contracting costs and timelines, and promotes cost efficiency in local content development and partnership initiatives. The decree aims to establish Nigeria as Africa’s top investment destination for oil and gas investors. The declaration is part of efforts by the Nigerian

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Local Energy News Renewable Energy

6 Solar Projects Driving Angolan Electrification

4, March, 20244, March, 2024

Angola has set a target of 60% access to electricity by 2025 under the strategic plan ‘Visao 2025,’ of which solar is poised to play a central role. Supporting electrification as well as diversification, solar projects are being rolled out by the government alongside international partners and project developers. Masdar to Build 150 MW Solar Project An agreement for the development of a 150 MW solar plant was signed between Angola’s Ministry of Energy and

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Diamonds International News

Former Anglo American Chief Joins Diamond Standard Advisory Board

4, March, 20244, March, 2024

Diamond Standard has added former De Beers chairman and Anglo American CEO Mark Cutifani to its advisory board. Cutifani, currently chairman of Vale Base Metals, has joined Diamond Standard as the company gets ready to launch listed financial products for diamonds, it said last week. The new offering will enable investors to diversify into an under-allocated asset with significant upside potential, the New York-based company, which developed an exchange-traded diamond commodity with regulatory approval, explained.

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International Gas Oil Petroleum

TotalEnergies Undeterred: Advancing LNG Project in Mozambique Despite Travel Alerts

4, March, 20244, March, 2024

French oil and gas giant TotalEnergies is displaying unwavering determination to push forward with its liquefied natural gas (LNG) project in Cabo Delgado, Mozambique, despite warnings from the French government against visiting certain areas of the province. According to a report from the Zitamar News Service, Maxime Rabilloud, the head of TotalEnergies’ Mozambique business, recently conducted tours of the Palma and Mocímboa da Praia districts, in defiance of the French government’s cautionary advice. Paris had

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International Expos & Events Gas News

Advancing Energy Cooperation: Highlights from the 7th GECF Summit

4, March, 20244, March, 2024

The 7th Summit of Heads of State and Government of the Gas Exporting Countries Forum (GECF) took place in Algiers, Algeria, on March 2, 2024. During this gathering, leaders convened to endorse the Algiers Declaration, emphasizing solidarity and cooperation among member nations. Hosted by His Excellency Mr. Abdelmadjid Tebboune, President of Algeria, the summit welcomed leaders from member countries such as Bolivia, Egypt, Iran, Nigeria, and Qatar, among others. Observer and guest countries, including Angola,

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International Energy Gas News

Nigeria Commissions 141 MW Integrated Power Plant

4, March, 20244, March, 2024

The 141 MW Aba Integrated Power Project in Nigeria has been commissioned to enhance energy security in nine areas across Abia State. The power plant comprises three 47MW gas turbines, a 27km gas pipeline, rehabilitated and new substations and 140km of data communication cables. Pan-African multilateral financial institution the African Export-Import Bank (Afreximbank) provided a $50 million loan to support the completion and commissioning of the project in 2021. Prof. Benedict Oramah, President and Chairman

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International Oil Petroleum Renewable Energy

Shell commits to aiding Nigeria’s Energy crisis with Renewable solutions

4, March, 20244, March, 2024

The British multinational oil and gas company, Shell has promised to aid Nigeria in resolving some of its energy crises. The company noted that it would help the Nigerian government use renewable energy sources to provide electricity for millions of Nigerians. A report by the Punch newspaper revealed that Shell has committed to assisting Nigerians in supplying electricity to millions of residents. The oil giants stated that they will provide Nigerians with off-grid energy sources

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Local Economy News

Angola and Brazil discuss expanding commercial and Economic cooperation

3, March, 20243, March, 2024

The Minister of State for Economic Coordination of Angola, José de Lima Massano, and the Minister of Foreign Affairs of Brazil, Mauro Vieira, held a meeting last week as part of the G20 foreign ministers’ meeting, which has been taking place since Wednesday. fair, in Brazil. At the meeting, the two ministers discussed the expansion of commercial and economic cooperation, the opening of the Consulate General of Brazil in Luanda, which will represent the opportunity to

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International Energy

Helix Energy Secures Deepwater Well Intervention Contract with Esso Nigeria

3, March, 20243, March, 2024

Helix Energy Solutions Group, an offshore energy service provider, has inked a deal with Esso Exploration and Production Nigeria (ESSO) for deepwater well intervention off the coast of Nigeria. Under the contract, Helix Energy will deploy its Q4000, a DP3 riser-based semi-submersible well intervention vessel, for operations in the Erha and Usan fields starting in September 2024. “We are delighted to secure this contract for the Q4000, aiming to enhance our partnership with Esso and

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Energy Gas International News Oil

African Energy Stakeholders Call for Accelerated FDI

3, March, 20243, March, 2024

African energy stakeholders are advocating for diversified energy development that includes fossil fuels, despite Western demands for decarbonization. Speaking in London last week, a panel of energy firms and financial institutions called for an influx of global capital, technology and expertise in helping Africa to sustainably develop its resources, rather than dictating its resource development strategy. “The collaboration we need on a global level is coming together on the funding, knowledge and technology side –

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