Paris, France, December 21, 2023/ — New offshore projects in Ivory Coast, Angola and the Republic of the Congo (ROC) have created lucrative opportunities for European service providers, who offer the latest technologies in drilling, engineering and subsea services.
Category: Energy
THE GHC 3 BILLION LIE: Government Pays Hundreds of Millions to Company in a Shady Deal
In a control room in Tema in the Greater Accra Region, officials of Strategic Mobilisation Ghana Limited (SML) tried to convince The Fourth Estate of its wild claims that it had helped to save Ghana billions of cedis that would have been lost in the downstream petroleum sector but for its intervention.
The Challenge: Building Capacity for Africa’s Renewables Sector
Johannesburg, South Africa//-Consider this paradox: Nigeria has achieved the largest economy in Sub-Saharan Africa, but 45%, or about 85 million, of its residents still live without electricity. Across Sub-Saharan Africa, that figure looms to 600 million.
Have Reports Of Oil’s Death Been Greatly Exaggerated?
The International Energy Agency predicts a terminal decline for coal, oil, and gas by 2030, challenging dominant climate narratives. Despite the predictions, oil profits are soaring, and supermajors like Chevron and Exxon Mobil are increasing investments in fossil fuel extraction. Contradictions have arisen at COP28, where oil-funded climate talks discuss phasing down fossil fuels, while […]
Africa Must Set the Timing for its Energy Transition, Whether the World Likes It or Not
About a year ago, before COP27 began in Egypt, Fiona Harvey and Matthew Taylor wrote in an opinion piece for The Guardian that it was time for gas exploration in Africa to stop.
COP28 Must Answer the Call for a Fossil Fuel Phase-out
As COP28 resumes for a second week, negotiators will be faced with answering the call for a commitment to a Fossil Fuel Phase Out in Dubai. Never before have we heard so many voices, coming from so many directions to seize the moment and commit to phasing out oil, coal and gas. And never before […]
African Nations Must Reject Promises of Aid and Handouts to Abandon Their Oil and Gas As COP28 Wraps Up
There was an era when Africa and Western pop music were closely linked. Western entertainers spearheaded several internationally renowned events to raise awareness about the plight of starving Africans and generate funds for famine relief.
Africa Will Need Pragmatism, Not Idealism, to Achieve a Just Energy Transition
Western leaders often urge African nations to make a rapid transition from fossil fuels to renewable energy sources. They seem to think that African nations can switch to renewable power sources fairly easily, as if a good energy infrastructure was already in place.
Benefits of Accelerating the Climate Transition Outweigh the Costs
Ensuring a lower-carbon future is not only necessary but also good for the economy, according to the latest climate scenarios from the Network for Greening the Financial System, a group of 127 central banks and financial supervisors working to manage climate risks and boost green investment.
5 Reasons to Attend Invest in African Energy 2024 in Paris
France// — Returning to Paris next May for its second edition, Invest in African Energy (IAE) 2024 is an exclusive forum designed to foster collaboration between European investors and African energy markets.