UK flies the clean energy flag, despite African calls for gas support
The UK has set out its hopes to increase trade links with Africa, not least in the energy sector, although divisions continue over quite how policies should be pursued.
Africa
Fugro goes autonomous in operations and maintenance
Fugro is transforming its business through a shift to remote and autonomous vessels, with the aim of accelerating decision making – while also cutting emissions.
Let’s not repeat the mistakes of the past in Africa’s energy transition
Africa has suffered in the past as a result of European ambitions and this must not be repeated as the world works out how best to tackle climate change, participants at an Aberdeen University event said.
UK missing power opportunities on transition requirements
The UK’s decision to restrict export funding for overseas energy projects is harming the country’s own suppliers, while not having an impact on hydrocarbon use.
BP traders lost $100 Million in 2015 Africa deals ‘debacle’
BP traders lost $100 million in a “debacle” of a deal with a West African commodities firm, according to details from a London employment lawsuit that offers a rare glimpse into the business on the oil giant’s trading floor.
Ex-BP oil trader says he was fired over Nigeria bribe concerns
BP fired an ex-oil trader because he voiced concerns about bribes being paid in Nigeria to secure local contracts, according to a sprawling London employment suit that sheds light on the energy giant’s lucrative trading floor.
Petronas mulls oil divestments as government seeks bigger payouts
Malaysia’s national energy company Petronas is considering selling some of its oil assets to bolster its finances as the federal government seeks a bigger dividend and to help streamline its business for the energy transition. Overseas assets in Africa, Middle East and Southeast Asia could be put up for sale.
Aberdeen oil and gas security firm bags gong at prestigious ex-forces award ceremony
A north-east firm that specialises in oil and gas security services is toasting success after one of its bosses picked up a prestigious award.
The Energy Transition is coming – And Africa is losing out (again)
Only two years ago, Africa seemed set to become the world's next major producer of oil and gas. International companies were scrambling to win exploration rights in frontier markets in West Africa; countries in North Africa were excited about new discoveries in the Mediterranean Sea; and natural gas was identified as a long-term transitional energy source, creating new opportunities for low-income nations such as Tanzania and Mozambique.
Big Oil must work harder to slash Africa emissions, WoodMac says
Oil majors need to curb emissions in sub-Saharan Africa -- where almost half of their most polluting assets are located -- as investors demand greater efforts to slash carbon output, according to Wood Mackenzie Ltd.
FMO gives five-year window for gas power financing
The Netherlands’ FMO has set out a new policy to move away from fossil fuel financing, although leaving open a small window of opportunity for African gas projects.
France preps for economic summit with African states
France is preparing to hold a summit to bolster its economic links with a number of African states.
Qatar and Russia set to benefit from China’s robust LNG demand
Among major liquefied natural gas (LNG) suppliers, Qatar, as well as Russia and African producers, look set to benefit from China’s rising demand for the fuel, according to FitchSolutions.
Family oil firm in Aberdeenshire celebrates best year in business
A family-run oil and gas firm in Aberdeenshire is celebrating its best year in business, 22 years since first setting up shop.
Energy transition must be equitable for Africa
Tackling Africa’s energy access problems requires those involved to think of the entire system, rather than focusing simply on renewables.
DFC, Shell Foundation plan renewable investments
The US’ International Development Finance Corp. (DFC) and Shell Foundation are teaming up to work on renewable energy access in low-income states, in Africa and Asia.
UK could get Saharan green energy via huge cable under ambitious scheme
Of all the things the UK is internationally renowned for, good and reliable weather certainly isn’t one of them.
An oil country no more? Algerian energy exports sink rapidly
Algeria’s energy exports are plunging, threatening more financial suffering for the OPEC member and a potential repeat of the mass demonstrations that toppled the president two years ago.
Africa to miss low-carbon opportunity
Africa will not increase electricity access and limit carbon emissions, a new study has reported, undermining hopes for a potential “leapfrog” effect.
Enel, Qatar’s sovereign fund to develop renewables in Africa
Enel SpA has signed a joint venture agreement with Qatar Investment Authority, the Middle East nation’s sovereign wealth fund, to own and develop renewable energy projects in Africa.
UK plans Africa conference for January
The UK Department for International Trade (DIT) will hold the Africa Investment Conference on January 20, 2021.
Taleveras secures USA LPG term deal
Taleveras has become the first African independent gas trading company to secure a term deal with a Mont Belvieu-based LPG facility for the export of liquefied petroleum gas starting in the first quarter of 2021.
Maersk Drilling wins $30m deal with Total for Angola campaign
Total has chosen a Maersk Drilling vessel for a three-well campaign in Angola's block 17, handing the Danish firm a $30 million deal.
Africa on the rise
The energy sector in Sub-Saharan Africa faces numerous challenges, but there is also an increasing sense of urgency and opportunity for the development of the industry on the continent.
Oil companies wonder if it’s worth looking for oil anymore
A few dots near the bottom corner of the world map in the southern Atlantic, the Falkland Islands were once at the forefront of a new era for the oil industry as companies scoured the planet for resources.