Eye On
Finance Hawilti+
NIES: Seven nations vie for Africa Energy Bank headquarters as launch nears
The race to host the headquarters of the Africa Energy Bank, a new institution aimed at financing the continent’s energy sector, is heating up as seven countries compete to meet the criteria before the end of March.
Tetracore to regionalise gas expertise as it readies Ghana’s first virtual gas pipeline solution
Tetracore Energy Group, a prominent player in Africa’s energy sector, is partnering with the Africa Prosperity Dialogues 2024 (APD 2024) in Ghana ahead of its opening of the country’s first compressed natural gas (CNG) mother station in the West African country later this year.
M&A
After its Shell acquisition, Renaissance will become pillar of Nigeria’s local content and gas monetization strategy
The Renaissance consortium comprises some of Nigeria’s most respected upstream companies with a demonstrated track record of redeveloping mature assets in the Niger Delta.
Energy Transition
Egypt to host major energy show focused on decarbonisation
The Egypt Energy Show 2024 will drive the energy transition and decarbonisation agenda in Africa and the Mediterranean.
State-owned Companies
APPO Concludes 5th African NOCs Meeting on a Call for South-South Energy Cooperation
The African Petroleum Producers Organisation (APPO) held the 5th Meeting of the CEOs of national oil companies (NOCs) today in Brazzaville. The presidence of the Meeting was handed over from Algeria’s Sonatrach to SNPC with a mandate of growing collaboration and partnerships between African state-owned energy companies.
Boosting LNG
Nigeria LNG Train 7 hits 52% but concerns remain over future feedstock
The multi-billion dollar NLNG Train-7 project is an expansion under construction at the 22.5 mtpa NLNG Terminal in Bonny Island, Rivers State.
Downstream Gas
Greenville launches historic L-CNG station in Nigeria
Launched in Nigeria’s Kaduna state, the facility is expected to cater for a wide range of vehicles, offering a cleaner and cost-effective alternative to traditional fossil fuels.
Capital Markets
Petralon Energy CEO takes over as Chairman of the Nigerian Exchange Ltd (NGX)
The Nigerian Exchange Group Plc (NGX Group) has announced changes to the board of its subsidiaries, and appointed the Founder & CEO of Petralon Energy, Mr. Ahonsi Unuigbe as the new Board Chairman of the Nigerian Exchange Limited (NGX).
Crude Oil Hawilti+
Nigeria: new FSO ELI Akasao has started storage operations offshore Bonny
Century Energy Services Ltd (CESL), part of Nigeria’s Century Group, has announced the completion of spread mooring installation at the floating, storage and offloading (FSO) unit ELI Akaso offshore Bonny in Nigeria.
Capacity Building
Nigeria’s Tetracore Energy Group steps up local content development with new training program
The Tetracore Energy Group, a fast-growing gas and power solutions provider based out of Nigeria, has launched a unique graduate management training program in Lagos. The initiative is part of the company’s commitment to grow domestic capacity and local content, as a time when African markets are rapidly expanding their domestic gas value-chains.
Events
ONHYM and IN-VR to host the 3rd Morocco Oil & Gas Summit
The Energy Circle by IN-VR is pleased to announce the 3rd Morocco Oil & Gas Summit and Exhibition 2023 hosted in Savoy Le Grand Hotel, Marrakech, on the 24th-26th of October, 2023, fully endorsed by ONHYM.
Capital for Energy
UAE finance initiative aims to unlock Africa's clean energy potential
The initiative comes amid calls for the global tripling of renewable energy by 2030, while pushing to make finance more available, accessible and affordable, especially in Africa where an abundance of renewable energy potential remains largely untapped.
Gas for Energy
Côte d'Ivoire steps up efforts to secure more gas supplies
With offshore fields maturing and new gas turbines nearing commissioning, the west African country needs to find more gas to keep power stations working for the foreseeable future and secure electricity supply for end users.
Mining for Development
Gabon inaugurates historic gold refinery
This transformative facility supports Gabon's vision of local resource utilization, aiming to refine 100% of Gabon's gold and establish the country as a central African hub for gold refining.