As the conflict in Ukraine continues, several African states could stand to benefit from rising oil prices as many countries look to develop their burgeoning oil sectors. With Big Oil eying several African countries as potential development areas for low-cost, low-carbon oil, this could be the opportunity they have been …
Read More »Shell Committed to Explore Hydrocarbons in Africa
Royal Dutch Shell is currently committed to exploring in Africa for hydrocarbons and doing so fits the company’s purpose, its exploration manager for deepwater Africa Benjamin Mee said on Wednesday at an industry event. More than 80% of Shell’s exploration will be focused on core positions with an emphasis on …
Read More »Samsung Wins W815b Order to Build 4 LNG Ships from Africa
Samsung Heavy Industries Co., the world’s second-biggest shipbuilder by orders, said Wednesday it has won a 815 billion-won ($734 million) order to build four liquefied natural gas ships for an African customer. Samsung Heavy plans to supply the ships by May 2024, the company said. Since Monday, the company has …
Read More »Africa, the Undeniable Final Frontier for Oil
The pandemic has been devastating for the oil industry globally. Explorers suspended drilling, producers idled wells, Big Oil majors put up assets for sale. But the world continues to need oil, albeit lower amounts of it than a year ago, and it will continue to need it. Exploration is not …
Read More »Indigenous Energy Production Expected to Rise in Africa
A new report suggests the African continent could satisfy a quarter of all its energy need from renewable power within a decade.
Read More »African Oil Producers to Readjust Fuel Production in Line with OPEC advisory
APPO members have committed to cutting daily oil production to 10 million barrels a day, with effect from May 1 2020.
Read More »Investment Platform Raises £15m for African Clean Energy Projects
UK aid-funded platform Energise Africa has already helped to reduce Africa’s annual carbon dioxide emissions by 100.000 tonnes.
Read More »Algeria Looks to Export Petrol from 2021
Algeria. which produced nearly 2.7 million tonnes of petrol in 2019. had to import this fuel to meet the needs of the national market.
Read More »Construction of New 250MW Wind Power Plant Begins in Egypt
The new facility is expected to help the country achieve its 2022 clean energy goal.
Read More »Iran Exports Nano-Enhanced Petroleum Jelly to ME. Africa
An Iranian cooperative company has managed to produce and export nano-Zinc-oxide-containing petroleum jelly capable of absorbing ultraviolet radiation.
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