Connect with us

Business

African Energy Week Will Push for Development of Oil and Gas

Published

3 years ago

on

African Energy Week

While AOW may choose to partner with the very organizations blocking Africa’s energy progress, AEW 2022 will partner with seismic companies and energy companies and governments working closely with market players to make energy poverty history by 2030

JOHANNESBURG, South Africa, March 25, 2022 — With over 600 million without access to electricity and 900 million without access to clean energy for cooking, the continent desperately needs to develop and utilize every single resource it has. In this regard, the AEC maintains a strong position on the role of oil and gas in Africa, while pushing for a just transition that considers the needs of Africa and African people. We believe Africa needs to produce its oil and gas. We are not responsible for climate change problems.

“We agree with Minister Gwede Mantashe, that we need a just transition for the oil and gas industry and for Africa. Gwede Mantashe’s position on Oil and Gas and Coal as he stated in African Energy Week in Cape Town is spot on. AOW, Mntu Nduvane and Paul Sinclair do not get it and their green push is hurtful of our oil and gas industry and we must vigorously oppose it. Gwede Mantashe was not in Dubai and AOW knows that because I ashamed that my good friend Paul Sinclair will let himself to become a tool of Hyve Group against Africans and continue to promote these horrible lies” stated NJ Ayuk, Executive Chairman of the AEC.

They need to apologize for their lies and we will be publishing all their lies with quotes over the coming months. It is alarming, therefore, that an organization such as Africa Oil Week (AOW) – claiming to be committed to Africa’s upstream market – would partner with the very organizations blocking Africa’s development of its oil and gas: Greenpeace and Friends of the Earth. These organizations continue to attack the African oil and gas industry, preventing any meaningful progress to make energy poverty history.

Our industry is under massive attack, and it is a disappointment that AOW will team up with radical green narratives that hurt everyday people in Africa, hurt our fight against energy poverty, hurt the drive for a just transition and hurt economic development. This is not what Duncan Clarke created.

More recently, these groups have made the East African Crude Oil Pipeline in Tanzania and Uganda a target for divestment. That’s just nuts. Greenpeace prevented Shell from conducting seismic surveys along the eastern coast of South Africa and Friends of the Earth sued the British government for their role in financing TotalEnergies’ Mozambique Liquefied Natural Gas (LNG) project.

Despite making these sizable discoveries in 2019, South Africa has not been able to develop the resources. Comparatively, Shell and TotalEnergies’ discoveries in Namibia in 2022 have already begun the process of development, backed by supportive regulation. The actions by these organizations have had a detrimental impact on southern Africa’s energy and economic development and are one of the reasons the continent will continue to experience significant energy poverty rates.

When Duncan Clarke created AOW, he was committed to Africa’s upstream potential and facilitating the development of the continent’s resources. Clarke would never hired this current crowd and would be disappointed in what they have turned AOW into. There is a reason Africa’s energy ministers are coming to African Energy Week (AEW) 2022 and not AOW. They don’t trust AOW because of the lies and misrepresentations they made on their way to Dubai and coming back from Dubai. They did not appreciate their photos being used to scam delegates when they knew African Minister will not show up to Dubai.

While western nations are calling for the immediate transition to renewable energies, Africa is facing the critical crisis of energy poverty and has a right to develop its oil and gas resources for energy security and access. That is why AEW 2022 is so important in 2022 and beyond. Unlike AOW, AEW 2022 works with the market, aligning with stakeholders objectives and driving discussions and deals regarding oil and gas. Greenpeace and Friends of the Earth narratives do not align with Africa, and by aligning with these organizations, AOW has chosen to go against the very continent it claims to represent.

AOW has been captured by these organizations and are driving their narrative. Do you think an oil man wants to talk and work with the very organizations blocking their progress? You must be nuts to think you will get Green groups to approve oil and gas development.  No way. African countries want to produce gas quickly in the face of the energy transition and are not prepared for Greenpeace, Friends of the Earth or AOW to tell them what to do.

“Let’s be clear. Africans are united in not letting AOW, Greenpeace and Friends of the Earth define what is energy transition for Africa. They are used to Africans and the energy industry being suckers and being bullied by the people who have no clue about oil and gas. Not anymore. If you attack our oil industry with this go green madness on Africa, we will push back. We will continue standing with Africans and the oil industry. You will only take away our right to drill for oil and gas from our cold, dead hands,” concluded Ayuk.

During AEW 2022, Africa’s energy Ministers will have a real conversation with both public and private sector executives on exploration, production and distribution, with specific focus being granted to drilling and seismic surveys. Through collaboration discussions and geological-dedicated exhibitions, AEW 2022 will discuss oil, gas, upstream and the energy transition, all on one collaborative platform.

Distributed by APO Group on behalf of African Energy Chamber.

Related Topics:
Continue Reading
Advertisement

Business

Genesis Energy Chief Executive Officer (CEO) to Discuss Energy Expansion at Congo Energy & Investment Forum

Published

30 minutes ago

on

January 20, 2025

By

Genesis Energy

Akinwole Omoboriowo II will discuss Genesis Energy’s plan to deliver 10.5 GW of power across Africa, highlighting how Nigeria’s power sector experience can inform the development of the Republic of Congo’s domestic energy grid and gas export potential

BRAZZAVILLE, Republic of the Congo, January 20, 2025/APO Group/ — 

Akinwole Omoboriowo II, CEO of Genesis Energy, will speak at the Congo Energy & Investment Forum (CEIF) in Brazzaville this March, where he will discuss the company’s plans to deliver 10.5 GW of power across Africa, with a focus on energy initiatives that align with the Republic of Congo’s energy development goals.

Genesis Energy is driving transformational power projects, including providing 334MW to the Port Harcourt Refinery in Nigeria and plans to produce 1 GW within the WAEMU region. In October 2024, Genesis and BPA Komani announced their strategic partnership to mobilize capital and facilitate critical infrastructure projects focused on renewable energy, particularly Battery Energy Storage Systems across Africa. Additionally, Genesis’ recent MOU with the U.S. Agency for International Development will mobilize $10 billion for green energy and renewable projects, supporting Africa’s transition to a sustainable energy future.

The inaugural Congo Economic and Investment Forum, set for March 25-26, 2025 in Brazzaville, will bring together international investors and local stakeholders to explore national and regional energy and infrastructure opportunities. The event will explore the latest gas-to-power projects and provide updates on ongoing expansions across the country.

During CEIF 2025, Omoboriowo will explore how Genesis’ successful energy infrastructure development projects in Africa, combined with private sector innovation, can guide the Republic of Congo in strengthening its energy security and achieving its decarbonization goals. By leveraging its expertise in clean energy and strategic partnerships, Genesis Energy is poised to play a key role in helping the Republic of Congo harness its energy potential and expand its regional energy influence.

The Republic of Congo’s renewable energy sector is in a phase of growth, with increasing interest in solar, hydro and wind energy projects. Battery energy storage capacities are also gaining traction as a vital component of the country’s energy infrastructure, helping to balance supply and demand. The government is focusing on diversifying its energy mix to reduce dependency on fossil fuels and enhance grid reliability. Looking ahead, the Congo aims to expand its renewable energy capacity and integrate storage solutions to meet growing domestic and regional energy needs while supporting environmental sustainability.

Distributed by APO Group on behalf of Energy Capital & Power.

Continue Reading

Business

Eni, TotalEnergies Announce New Exploration Projects in Libya

Published

7 hours ago

on

January 20, 2025

By

National Oil Corporation

Eni is launching three exploration plays, TotalEnergies is expecting promising results from its recent onshore exploration project, and other developments were shared during an upstream IOC-led panel at the Libya Energy & Economic Summit

TRIPOLI, Libya, January 19, 2025/APO Group/ — 

Libya’s National Oil Corporation (NOC) and international energy companies TotalEnergies, Eni, OMV, Repsol and Nabors outlined key exploration milestones and strategies to advance oil and gas production in Libya at the Libya Energy & Economic Summit 2025 on January 18.

Among the key developments highlighted were TotalEnergies’ recent onshore exploration project and promising exploration opportunities in the Sirte and Murzuq basins.

“With 40% of Africa’s reserves, Libya remains largely untapped,” said Julien Pouget, Senior Vice President for the Middle East and North Africa at TotalEnergies. Pouget shared TotalEnergies’ plans for 2025, including the completion of an onshore exploration project and new exploration in the Waha and Sharara fields. “We expect results next week,” he added.

Luca Vignati, Upstream Director at Eni, echoed optimism for Libya’s potential and outlined the company’s ongoing investment initiatives in the country. “We are launching three exploration plays – shallow, deepwater and ultra-deep offshore. No other country offers such opportunities,” Vignati stated. He also highlighted the company’s investments in gas projects, including over $10 billion for the Greenstream gas pipeline and a CO2 capture and storage plant in Mellitah.

Repsol affirmed its commitment to advancing exploration in Libya, focusing on overcoming industry challenges and achieving significant production milestones.

We have 48 billion barrels of discovered but unexploited oil, with total potential estimated at 90 billion barrels, especially offshore

“Over the past decade, Libya has made remarkable efforts to fight natural field decline and encourage exploration,” said Francisco Gea, Executive Managing Director, Exploration & Production at Repsol. “We have reached 340,000 barrels per day. The two million target is within reach, and as international companies, we have the responsibility to bring capacity and technology.”

“Innovation is key to maximizing production and accelerating exploration. By deploying cutting-edge solutions, Nabors can enhance efficiency, reduce costs and ensure safer operations,” added Travis Purvis, Senior Vice President of Global Drilling Operations at Nabors.

Bashir Garea, Technical Advisor to the Chairman of the NOC, highlighted the country’s immense oil and gas potential. “We have 48 billion barrels of discovered but unexploited oil, with total potential estimated at 90 billion barrels, especially offshore,” he said. He also pointed to Libya’s sizable gas reserves, noting, “Libya has 122 trillion cubic feet of gas yet to be developed. To unlock this potential, we need more investors and new technology, particularly for brownfield revitalization.”

“Our strategy spans the entire value chain. Strengthening infrastructure is essential to maximizing production and efficiency,” said Hisham Najah, General Manager of the NOC’s Investment & Owners Committees Department.

NJ Ayuk, Executive Chairman of the African Energy Chamber and session moderator, underlined Libya as a prime destination for foreign investment: “Libya is at the cusp of a new energy era. The time for bold investments and strategic partnerships is now.”

Distributed by APO Group on behalf of Energy Capital & Power.

Continue Reading

Business

Libya’s Oil Minister: Brownfields, Local Investment Key to 2M Barrels Per Day (BPD) Production

Published

7 hours ago

on

January 20, 2025

By

Libya’s Oil & Gas Minister outlined plans to boost production to 1.6 million bpd in 2025 and 2 million bpd long-term, with brownfield development and local investment at the core, during the Libya Energy & Economic Summit

TRIPOLI, Libya, January 19, 2025/APO Group/ — 

Libya is setting its sights on boosting oil production to 2 million barrels per day (bpd) within the next two to three years, with brownfield development and local investment identified as critical drivers of this growth. Speaking at the Libya Energy & Economic Summit (LEES) in Tripoli on Saturday, Minister of Oil and Gas Dr. Khalifa Abdulsadek outlined the country’s strategy to reach 1.6 million bpd by year-end and laid the groundwork for longer-term growth.

“There are massive opportunities here, massive fields that have been discovered, but a lot of fields have fallen between the cracks,” stated Minister Abdulsadek during the Ministerial Panel, Global Energy Alliance – Uniting for a Secure and Sustainable Energy Future. “We want to make sure local oil companies take part. We also want to leverage the upcoming licensing round to support our planned growth in the oil sector.”

The minister’s remarks were complemented by a strong call for international participation in Libya’s upcoming licensing round, signaling the government’s commitment to fostering collaboration and maximizing the potential of its energy sector.

Highlighting Libya’s vast natural gas potential – with reserves of 1.5 trillion cubic meters – Mohamed Hamel, Secretary General of the Gas Exporting Countries Forum, stressed the need for enhanced investment in gas projects. He pointed to ongoing initiatives like the $600 million El Sharara refinery as opportunities to stimulate economic diversification.

There are massive opportunities here, massive fields that have been discovered, but a lot of fields have fallen between the cracks

“Natural gas is available,” Hamel stated, adding, “It is the greenest of hydrocarbons and we see natural gas continuing to grow until 2050.”

The panel also tackled the global energy transition, emphasizing Africa’s unique challenges and the need for the continent to harness its resources to achieve energy security. Dr. Omar Farouk Ibrahim, Secretary General of the African Petroleum Producers Organization (APPO), underscored the critical need for finance, technology and reliable markets to drive progress.

“At APPO, we have noted three specific challenges for the African continent. Finance, technology and reliable markets,” he stated, questioning whether Africa can continue to depend on external forces to develop its resources.

As one of Africa’s top oil producers, Libya holds an estimated 48 billion barrels of proven oil reserves. The country’s efforts to expand production, attract investment and drive innovation are central to the discussions at LEES 2025. Endorsed by the Ministry of Oil and Gas and National Oil Corporation, the summit has established itself as the leading platform for driving Libya’s energy transformation and exploring its impact on global markets.

Distributed by APO Group on behalf of Energy Capital & Power.

Continue Reading

Trending