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The African Energy Chamber spoke with Tami Itembu, Public and Government Affairs at ExxonMobil and Production Namibia ab...
30/04/2022

The African Energy Chamber spoke with Tami Itembu, Public and Government Affairs at ExxonMobil and Production Namibia about the company’s plans in the high prospect market. Ahead of the African Energy Week (AEW), Africa’s premier event for the oil and gas sector, which will be held under the theme “Exploring and Investing in Africa’s Energy Future while Driving an Enabling Environment,” the African Energy Chamber (AEC) spoke with Tami Itembu, Public and Government Affairs at ExxonMobil and Production Namibia, in an exclusive interview, about the company’s vision in one of Africa’s emerging hydrocarbons market and the role the country can play in improving energy security across the region....

https://euonymuspost.com/exxonmobil-and-the-future-of-namibias-hydrocarbons-market/

The African Energy Chamber spoke with Tami Itembu, Public and Government Affairs at ExxonMobil and Production Namibia about the company’s plans in the high prospect market. Ahead of the African Ene…

The Libyan National Oil Company (NOC) has declared force majeure on another key Libyan oil field, the 300,000 bpd Al Sha...
19/04/2022

The Libyan National Oil Company (NOC) has declared force majeure on another key Libyan oil field, the 300,000 bpd Al Sharara, amid protests that had shut down production at two ports and the El Feel oilfield on Sunday. According to the NOC, “a group of individuals put pressure on workers in the Al-Sharara oil field, which forced them to gradually shut down production and made it impossible for the NOC to implement its contractual obligations”. ...

https://euonymuspost.com/libya-halts-production-on-biggest-oilfield/

The Libyan National Oil Company (NOC) has declared force majeure on another key Libyan oil field, the 300,000 bpd Al Sharara, amid protests that had shut down production at two ports and the El Fee…

Africa Oil Week has entered into a partnership with the African Energy Commission(AFREC), a part of African Union (AU). ...
14/04/2022

Africa Oil Week has entered into a partnership with the African Energy Commission(AFREC), a part of African Union (AU). AFREC’s responsibility is to develop the African energy sector for all AU Member states and as part of the Africa Oil Week partnership, AFREC will facilitate a ministerial dialogue at this year’s event, hosted from 3-7 October in Cape Town, South Africa....

https://euonymuspost.com/africa-oil-week-partners-with-africa-energy-commission/

Africa Oil Week has entered into a partnership with the African Energy Commission(AFREC), a part of African Union (AU). AFREC’s responsibility is to develop the African energy sector for all AU Mem…

Nigeria has lost one of their finest energy personalities, Engr. Joe Makoju. Energy Joe Makoju died on Monday. Until his...
14/04/2022

Nigeria has lost one of their finest energy personalities, Engr. Joe Makoju. Energy Joe Makoju died on Monday. Until his death, Engr Joe Makoju held positions such as the Managing Director of NITEL, CEO of PHCN, Managing Director, National Electric Power Authority (NEPA), Group Managing Director Dangote Cement Group, President of Cement Manufacturers Association of Nigeria, Special Advisor to President Goodluck Jonathan on Electric Power, Board Member of Abuja Electricity Distribution Company (AEDC), Member of Presidential Ad-hoc Committee on Review of Electricity Tariff....

https://euonymuspost.com/nigerian-energy-sector-loses-joe-makoju/

Nigeria has lost one of their finest energy personalities, Engr. Joe Makoju. Energy Joe Makoju died on Monday. Until his death, Engr Joe Makoju held positions such as the Managing Director of NITEL…

OPEC does not have the additional spare capacity to lift crude oil production much more than it is doing today, Nigeria’...
11/04/2022

OPEC does not have the additional spare capacity to lift crude oil production much more than it is doing today, Nigeria’s Petroleum Minister Timipre Sylva told Anadolu Agency on Friday. “It is not something that you can open a tap for at this point. You must have the additional capacity, the idle capacity to bring on, but it takes a lot of work and a lot of investment for it to have additional production,” the Nigerian minister told the Turkish news agency in an interview....

https://euonymuspost.com/nigerian-petroleum-minister-says-opec-is-out-of-spare-capacity/

OPEC does not have the additional spare capacity to lift crude oil production much more than it is doing today, Nigeria’s Petroleum Minister Timipre Sylva told Anadolu Agency on Friday. “…

Executives from several U.S. LNG producing companies met with European energy officials to discuss purchases of liquefie...
07/04/2022

Executives from several U.S. LNG producing companies met with European energy officials to discuss purchases of liquefied natural gas. The meetings, held in the United States, followed a promise made by President Biden to the European Union that U.S. LNG producers will supply at least 15 billion cubic meters of liquefied natural gas to the EU this year more than previously planned, per a White House fact sheet from late March....

https://euonymuspost.com/european-energy-officials-in-the-u-s-to-meet-energy-firm-executives/

Executives from several U.S. LNG producing companies met with European energy officials to discuss purchases of liquefied natural gas. The meetings, held in the United States, followed a promise ma…

The federal government of Canada has granted its approval for a $12-billion oil project offshore Newfoundland and Labrad...
07/04/2022

The federal government of Canada has granted its approval for a $12-billion oil project offshore Newfoundland and Labrador, to be led by Norwegian state major Equinor. According to the Norwegian company, the Bay du Nord project consists of several discoveries made between 2013 and 2020 that have combined recoverable reserves of some 300 million barrels of oil. Revenues for the Canadian government are estimated at some $2.8 billion (C$3.5 billion), according to the company....

https://euonymuspost.com/canada-approves-12-billion-newfoundland-and-labrador-deepwater-oil-project/

The federal government of Canada has granted its approval for a $12-billion oil project offshore Newfoundland and Labrador, to be led by Norwegian state major Equinor. According to the Norwegian co…

The Director General of the International Atomic Energy Agency (IAEA), Rafael Mariano Grossi, visited Russia for talks w...
06/04/2022

The Director General of the International Atomic Energy Agency (IAEA), Rafael Mariano Grossi, visited Russia for talks with senior Russian officials after a visit to Ukraine where he is seeking to ensure the safety of nuclear facilities. Grossi held detailed discussions with senior Ukrainian government officials at the South Ukraine Nuclear Power Plant (NPP) on the concrete steps that need to be taken to deliver urgent technical assistance for nuclear safety and security in Ukraine....

https://euonymuspost.com/u-n-nuclear-watchdog-chief-visits-russia/

The Director General of the International Atomic Energy Agency (IAEA), Rafael Mariano Grossi,  visited Russia for talks with senior Russian officials after a visit to Ukraine where he is seeki…

The world needs to rapidly accelerate its transition away from coal and other fossil fuels to avoid extreme climate chan...
06/04/2022

The world needs to rapidly accelerate its transition away from coal and other fossil fuels to avoid extreme climate change, according to a report by the U.N. climate science panel. The report justifies the growing concern among scientists, activists and governments that promises to slash greenhouse gas emissions so far are inadequate to keep global temperatures from rising more than 1.5 or 2 degrees Celsius – the level at which researchers say climate change risks spinning out of control....

http://euonymuspost.com/shift-to-clean-energy-must-speed-up-to-avoid-worst-of-climate-change-u-n-panel-says/

The world needs to rapidly accelerate its transition away from coal and other fossil fuels to avoid extreme climate change, according to a report by the U.N. climate science panel. The report justi…

Most African countries are coal-free; however, South Africa still relies heavily on the fossil fuel for electricity prod...
05/04/2022

Most African countries are coal-free; however, South Africa still relies heavily on the fossil fuel for electricity production, a report shows. Independent non-profit think tank Ember last week issued its Global Electricity Review 2022, which showed that globally clean energy sources accounted for 38% of electricity production, outweighing coal at 36%. Wind and solar are the fastest-growing sources of electricity and accounted for a tenth of global electricity production in 2021....

https://euonymuspost.com/south-africa-still-heavily-reliant-on-coal-for-electricity/

Most African countries are coal-free; however, South Africa still relies heavily on the fossil fuel for electricity production, a report shows. Independent non-profit think tank Ember last week iss…

Energy experts say the growing oil crisis across the globe is a wake-up call for the African continent to be become less...
05/04/2022

Energy experts say the growing oil crisis across the globe is a wake-up call for the African continent to be become less dependent on foreign oil supplies. The cost of fuel has risen sharply, with Brent crude oil hitting a 14-year high in recent weeks. It remains firmly above $100 per barrel at the time of publication. With the military conflict in Ukraine, concerns have arisen around the world’s ability to meet its energy needs....

https://euonymuspost.com/what-the-global-oil-crisis-means-for-africa/

Energy experts say the growing oil crisis across the globe is a wake-up call for the African continent to be become less dependent on foreign oil supplies. The cost of fuel has risen sharply, with …

The 60 largest banks in the world poured as much as $742 billion in fossil fuel financing in 2021 alone, a new report by...
05/04/2022

The 60 largest banks in the world poured as much as $742 billion in fossil fuel financing in 2021 alone, a new report by environmental groups showed this week. Since the Paris Agreement was adopted in 2015, the world’s largest commercial and investment banks have financed fossil fuels with a cumulative $4.6 trillion, according to the annual Banking on Climate Chaos report from Oil Change International, Rainforest Action Network, BankTrack, Indigenous Environmental Network, Reclaim Finance, Sierra Club, and Urgewald....

https://euonymuspost.com/worlds-top-banks-financed-fossil-fuels-with-742-billion-in-2021/

The 60 largest banks in the world poured as much as $742 billion in fossil fuel financing in 2021 alone, a new report by environmental groups showed this week. Since the Paris Agreement w…

Despite shutdowns in its Shanghai plant, rising nickel prices, and the ongoing supply chain crisis, Tesla successfully d...
04/04/2022

Despite shutdowns in its Shanghai plant, rising nickel prices, and the ongoing supply chain crisis, Tesla successfully delivered 310,048 cars worldwide. This represented a slight increase from the 309,000 it delivered last quarter and a whopping 68% increase from Q1 2021. Wedbush analyst Dan Ives noted that Tesla’s deliveries were “better than feared” considering the pervading supply chain issues affecting the auto segment today....

https://euonymuspost.com/tesla-delivers-more-cars-despite-supply-chain-crisis/

Despite shutdowns in its Shanghai plant, rising nickel prices, and the ongoing supply chain crisis, Tesla successfully delivered 310,048 cars worldwide. This represented a slight increase from the …

Crude oil and condensate production in Russia fell slightly in March compared to February, Reuters reported on Friday, c...
04/04/2022

Crude oil and condensate production in Russia fell slightly in March compared to February, Reuters reported on Friday, citing sources with knowledge of the data. In March, Russia pumped 11.01 million barrels per day (bpd) of crude and condensate, down from 11.08 million bpd it had produced in February, according to Reuters’ sources. Russia doesn’t differentiate between crude oil production and condensate production in its official output figures....

https://euonymuspost.com/russian-oil-production-has-already-begun-to-decline/

Crude oil and condensate production in Russia fell slightly in March compared to February, Reuters reported on Friday, citing sources with knowledge of the data. In March, Russia pumped 11.01 milli…

It would be fair to say that when it comes to Africa’s energy industry, Africa and Europe have been at odds for the last...
04/04/2022

It would be fair to say that when it comes to Africa’s energy industry, Africa and Europe have been at odds for the last several years. Europe, which has valid concerns about protecting the climate and moving the world toward net-zero emissions goals, has been urging African oil- and gas-producing states not only to accelerate their transition to green energy sources, but also to send it into overdrive....

https://euonymuspost.com/its-time-for-europe-and-africa-agree-on-a-green-gas-deal/

It would be fair to say that when it comes to Africa’s energy industry, Africa and Europe have been at odds for the last several years. Europe, which has valid concerns about protecting the climate…

In a time when many countries are winding down investments in hydrocarbons and fossil fuels, we have found ourselves in ...
30/03/2022

In a time when many countries are winding down investments in hydrocarbons and fossil fuels, we have found ourselves in a situation where a continent rich in resources is unable to use and exploit them for the development of its people. With a push from western countries, environmentalist and major banks, investments in the African Oil and Gas sector have dwindled over the last few years....

https://euonymuspost.com/africa-needs-investment-to-develop-its-resources-especially-its-oil-and-gas/

In a time when many countries are winding down investments in hydrocarbons and fossil fuels, we have found ourselves in a situation where a continent rich in resources is unable to use and exploit …

An electric Porsche 911 powered by solid-state batteries is in the works, according to a recent report from German publi...
30/03/2022

An electric Porsche 911 powered by solid-state batteries is in the works, according to a recent report from German publication Manager Magazin (via Ecomento). While the electric sports car will reportedly appear in some form later this decade, it's unclear whether this is a one-off experiment or something genuinely being prepared under research and development—or product development—channels. We do know that Porsche parent Volkswagen has been longtime investor in solid-state battery firm QuantumScape, though....

https://euonymuspost.com/porsche-is-looking-to-use-solid-state-batteries-on-their-911-electric-sports-car/

An electric Porsche 911 powered by solid-state batteries is in the works, according to a recent report from German publication Manager Magazin (via Ecomento). While the electric spor…

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