August 25, 2019//-Mozambique’s President Filipe Nyusi signed energy and security agreements with Russian’s Vladimir Putin on Thursday in the first visit by a leader from the southern African state in two decades.
Category: Energy
Oil Plunges On Trade War Escalation
August 23, 2019//-Oil plunged on Friday after China announced new tariffs on U.S. goods, including crude oil. The move reignited fears of economic recession.
Ethiopia’s Future is Tied to Water — a Vital yet Threatened Resource in a Changing Climate
Women fetching water from a borehole drilled by an aid foundation in Babile, Ethiopia. EPA/Tobias Hase Meron Teferi Taye, Addis Ababa University and Ellen Dyer, University of Oxford In July Ethiopians planted 350 million trees in a single day. This was part of the country’s national green legacy initiative to counter environmental degradation and climate […]
African Liquefied Natural Gas Sector to Attract $103 Billion in 2019
Malabo, Equatorial Guinea, August 21, 2019/ — Africa is an exciting frontier in the global natural gas sector. The continent holds 7.1 percent of proven global gas reserves and is expected to contribute nearly 10 percent of global production growth through to 2024.
Between Extortion and the Sanctity of Petroleum Contracts in Nigeria, DRC and Senegal
Johannesburg, South Africa, August 21, 2019//-Last week, a commercial court in the United Kingdom gave reason to a claim by engineering company Process and Industrial Developments Ltd (P&ID), which demands over USD$9 billion from the Nigerian government over a failed gas deal.
Alex Mould: Govt’s Claim of Saving $7 Billion on PPAs Cancellation Misleading
Accra, Ghana, August 20, 2019//-An Energy Expert and former Chief Executive of the Ghana National Petroleum Corporation (GNPC), Alex Mould has chided government’s assertion that it made over $7 billion savings from the cancellation of some Power Purchase Agreements (PPA)’s signed erstwhile in President Mahama’s administration.
ECG, Privatization and the National Interest
Accra, Ghana, August 19, 2019//-Privatization of state-owned enterprises involves political and social concerns related to ownership and the distribution of wealth.
Houthi Drone Attack Sets Saudi Oil Field On Fire
August 19, 2019//-A drone attack by the Yemeni Houthis caused fire at an oil and gas field in Saudi Arabia, the Kingdom’s Energy Minister said as quoted by the Saudi Press Agency.
Climate Change in Africa: Survey Reveals Worsening Agric Conditions, Quality of Life
Accra, Ghana, August 19, 2019//- The largest-ever survey of Africans’ perceptions of climate change has revealed widespread reports of worsening quality of life and deteriorating conditions for agricultural production, as well as limited “climate change literacy” among average citizens.
Ghana Receives Less Cash From Crude Oil Liftings
Accra, Ghana, August 16, 2019//-Figures from the Bank of Ghana (BoG) disclosed that a total amount of $311.22 million, has been received into the country’s Petroleum Holding Fund (PHF) in the first half (H1) of 2019.