Category: Energy

United Arab Emirates (UAE)-Africa Partnerships to be Solidified at Invest in African Energy Dubai Edition

The Dubai leg of the Invest in African Energy roadshow offers UAE investors the chance to connect with African opportunities, while African executives the chance to connect to international financial markets with Dubai as a trade center JOHANNESBURG, South Africa, March 9, 2023/ — The next leg of the African Energy Chamber’s (http://www.EnergyChamber.org) Invest in African Energy roadshow is drawing near, bringing with it new opportunities for UAE investors and project developers to tap into emerging energy markets in Africa. Taking place on March 30 at the Ritz-Carlton, International Financial Center in…

Equatorial Guinea’s New Minister of Mines & Hydrocarbons Is a Competent Leader Taking the Reins in a Challenging Era — Here’s What Needs to Happen Next

Antonio Oburu Ondo, former Managing Director of national oil company, GEPetrol, has been named Minister of Mines and Hydrocarbons. He is succeeding well-respected leader Gabriel Mbaga Obiang Lima, who assumed the role of Ministry of Economy and Planning. By NJ Ayuk, Executive Chairman, African Energy Chamber Equatorial Guinea’s cabinet has seen a changing of the guard. Antonio Oburu Ondo, former Managing Director of national oil company, GEPetrol, has been named Minister of Mines and Hydrocarbons. He is succeeding well-respected leader Gabriel Mbaga Obiang Lima, who assumed the role of Ministry…

Climate change: Africa has a major new carbon market initiative – what you need to know

Author: Jonathan Colmer  Assistant Professor of Economics, University of Virginia Published: January 23, 2023 4.55pm SAST Climate finance for the African continent got a boost at the 2022 United Nations Climate Conference (COP27), with the launch of the African Carbon Markets Initiative. This aims to make climate finance available for African countries, expand access to clean energy, and drive sustainable economic development. Led by a 13-member steering committee of African leaders, chief executives and industry specialists, the initiative promises to expand the continent’s participation in voluntary carbon markets. Carbon markets are trading platforms…

Transition to Green Energy Must be Sensible, Pragmatic and Rational, Says Afreximbank’s Rene Awambeng

Speaking during the Invest in African Energy Reception in London, Afreximbank’s Global Head of Client Relations, Rene Awambeng provided insight into what the institution’s recommendations are regarding Africa’s climate agenda LONDON, United Kingdom, January 27, 2023/ — The Invest in African Energy Reception (https://AECWeek.com/news/) kicked off in London with opening remarks by African Energy Chamber Executive Chairman, NJ Ayuk, and Rystad Energy Co-Founder and Chief Analyst, Per Magnus Nysveen, followed by an opening address delivered by Rene Awambeng, Global Head of Client Relations at the African Export-Import Bank – a…

Seychelles holds successful talks with Masdar UAE in relation to Seychelles’ Energy Generation plan

18 January 2023 | Energy Abu Dhabi, UAE 18 January 2023: President Wavel Ramkalawan chaired successful discussions with a Masdar delegation, during his participation at the 2023 Abu Dhabi Sustainability Week (ASWD). The meeting, which was held with the Masdar Chief Green Hydrogen Officer, Mohammad Abdelqader El Ramahi and the Senior Manager of Project Management Services, Simon Bräunigerr, focused on the way forward for the implementation of a comprehensive Seychelles’ Electricity Generation plan. This is in line with the growth of the Seychelles economy and the increased need to implement an…

Nigeria’s Petroleum Minister Timipre Sylva to Engage investors at Invest in African Energy Reception in London

Timipre Sylva, the Minister of State for Petroleum Resources of Nigeria, will be attending the African Energy Chamber-organized Invest in African Energy Reception in London on January 26. The African Energy Chamber (AEC) is proud to announce that Timipre Sylva, Minister of State for Petroleum Resources of Nigeria, will lead investment-focused dialogue during the Invest in African Energy Reception set to take place in London on January 26. With the Nigerian energy market on the precipice of another transformation on the back of diversification and market-driven policy implementation, the participation…

Decarbonisation of Hospitality Industry Gets Major Boost

……As Studio Moren and EAA Join Hands 9th January 2023 Hospitality design specialist Studio Moren has announced a strategic partnership with the Energy and Environment Alliance (EEA) – an international not-for-profit coalition driving the decarbonisation of the hospitality industry – to provide expertise on sustainable architecture and interior design practices across the sector. The EEA’s mission is to develop the first universal sustainability standard for the hospitality industry, including the design, build and operation of buildings. Studio Moren, working in collaboration with EEA and its other partners, will utilise its…

Making Compelling Case for Natural Gas

Opinion Piece By: NJ Ayuk When most people hear the word “gas,” they’re automatically inclined to think about the type of gas that pumps directly into their fuel tank. But although petroleum gas is the most common gasoline fuel we encounter daily, it is only one “type” of gas. By speaking of gas, we also may refer to “natural gas,” which (although it shares similarities) is intrinsically different from petroleum-based gasoline as a whole. Like oil, natural gas is a resource that is extraordinarily abundant in Africa and many other…

Namibia and Equatorial Guinea Youth-Focused Local Content, Gas Monetization a Boost for Intra-African Energy Growth

Following an agreement forged during the Namibian International Energy Conference in 2022, a youth training initiative launched by Namibia and Equatorial Guinea has set the tone for an ambitious local content drive that will position Namibia as a competitive hydrocarbon producer JOHANNESBURG, South Africa, January 4, 2023/ — Namibia, as an upcoming hydrocarbon producer, and Equatorial Guinea, as one of Africa’s top natural gas producers, have taken the lead towards positioning Africa as a globally competitive oil and gas producer, leveraging intra-African partnerships and cooperation to scale up the local…

Independents Energy Companies are Raring to Go in Africa in 2023 with Sustainable Energy Development (By NJ Ayuk)

  OPINION PIECE They’re bringing private capital, experience, and know-how to the continent JOHANNESBURG, South Africa, December 26, 2022/ — By NJ Ayuk, Executive Chairman, African Energy Chamber In late 2019, Africa Oil Corp. President and CEO Keith Hill told Petroleum Economist that, given Africa’s unproven oil and gas basins, the continent was probably “the greatest frontier,” with outstanding opportunities for exploration, production, and development companies, including independents. Three years later, Hill remains bullish about Africa, and Canada-headquartered Africa Oil Corp. is driving oil and gas exploration here. The company is…