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Establishing a Highly Competitive Domestic Hydrocarbons Market in Nigeria

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Nigeria

Local content regulations and the implementation of the AfCFTA have triggered the creation of a highly competitive domestic hydrocarbons market within Africa’s second largest oil producer

JOHANNESBURG, South Africa, July 19, 2022/APO Group/ — 

Nigeria represents one of the continent’s most mature oil and gas markets as well as the second largest oil producer in sub-Saharan Africa. The country’s energy achievements have largely been attributed to the participation of various international oil companies (IOC), including TotalEnergies, Shell, Eni, Chevron and ExxonMobil – who, according to Woomac, collectively have equity participation in over 110 oil mining licenses and are responsible for 45% of the country’s oil production – as well as the leadership of the state-owned Nigerian National Petroleum Corporation (NNPC). However, with IOC divestment from key hydrocarbon assets in light of the energy transition, Nigeria’s local companies have stepped up, driven by local content-oriented regulation and the implementation of the African Continental Free Trade Agreement (AfCFTA).

Market-Driven Policies Improve Domestic Participation

Nigeria represents a trendsetter within the African oil and gas space regarding the implementation of local content policies that aim to drive local company participation. In 2010, the government established the Nigerian Oil and Gas Industry Content Development (Local Content Act), a comprehensive framework to promote indigenous participation in the sector. Specifically, the Local Content Act prescribes minimum thresholds for the use of local products and services; the promotion of skills and technology transfer for the Nigerian labor force; ensures value addition and job creation; and the awarding of oil and gas contracts and undertakings to local companies. In this sense, the regulation has been instrumental in improving the role local companies play while creating a highly competitive domestic market in Nigeria. With a Bill for the amendment of the Act currently being deliberated – in which modifications include widening the definition of Nigerian companies and capacity compliance while revising minimum target levels for imported items – Nigeria is committed to significantly improving local content across the sector.

Meanwhile, representing a key driver of Nigeria’s domestic market, the implementation of the Petroleum Industry Act (PIA) in 2021 has further supported Nigeria’s domestic market. While the PIA comprises a complete overhaul of the oil and gas industry, commercializing the NNPC, introducing two regulatory agencies and ensuring increased transparency and accountability, the legislation focuses predominantly on revenue and natural resource management. Therefore, the Local Content Act remains imperative in the country and will continue to enhance the domestic sector.  

Nigerian companies have been able to increase their penetration in regional markets, ensuring increased competitiveness across the regional market

Capitalizing on AfCFTA Opportunities

With an enabling environment in place to spur local company participation, the implementation of the AfCFTA in January 2021 only served to enhance the participation of Nigeria’s indigenous companies, creating new opportunities for intra-African trade and commerce. Specifically, the AfCFTA comprises the reduction of tariff and non-tariff barriers, the simplification of custom procedures and the elimination of red tape so as to create a single market for goods, persons and services. For Nigeria, the AfCFTA is particularly important, as it has improved regional supply networks, domestic job opportunities and capacity building across the regional oil and gas industry. Now, Nigerian companies can benefit from improved export opportunities, regional investment and access to new logistic and distribution supply chains. In this regard, Nigerian companies have been able to increase their penetration in regional markets, ensuring increased competitiveness across the regional market.

Nigerian Companies take the Lead

Backed by the PIA, the Local Content Act and the opportunities created by the AfCFTA, local companies across the entire energy value chain in Nigeria have significantly improved their participation in the sector. On the service company front, companies such as AOS Orwell, the largest indigenous oilfield services company in Nigeria; Tecon Oil Services, supplying a myriad of services to E&P companies in Nigeria’s upstream industry; and Century Energy Services Limited, one of the largest providers of Operations & Maintenance services in west Africa, have positioned themselves as key enablers of Nigeria’s oil and gas market growth.

Meanwhile, on the upstream side, companies such as the newly reformed NNPC and its subsidiary the Nigerian Petroleum Development Company; Amni International Petroleum Development Company, active in a variety of offshore basins across west Africa; Emerald Energy Resources, an independent oil company with a vision to seek and acquire profitable new reserves in Nigeria; Frontier Oil Corporation, a wholly owned Nigerian E&P company formed in 2001; South Atlantic Petroleum, a privately held Nigerian oil and gas E&P company with a portfolio of high-quality assets in west Africa; and Eroton E&P, an independent oil and gas producing company operating OML 18 in the Niger Delta, are driving Nigerian E&P activities. These companies are leading the country into a new era of domestic market growth while increasing the penetration of Nigerian companies in regional markets.

With Nigeria having partnered with the African Energy Chamber (AEC) for the 2022 edition of the continent’s premier energy event, African Energy Week (AEW) 2022 – taking place from October 18-21 in Cape Town and under the theme, ‘Exploring and Investing in Africa’s Energy Future while Driving an Enabling Environment’ – the country’s domestic market is set to make a strong case for investment and development in west Africa. By taking part in panel discussions, debates and networking functions, Nigerian companies will lead dialogue and decision-making regarding Africa’s energy future.

Distributed by APO Group on behalf of African Energy Chamber.

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Not Just a Sporting Event, but Also a Technological Test: Insights into the World’s First Human-Robot Co-Run Marathon

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E-Town

BEIJING, CHINA – Media OutReach Newswire – 9 April 2025 – A scene even science fiction has yet to depict—humans and humanoid robots running side by side in a half-marathon — will become reality on ​April 13 in Beijing E-Town. Every spring, marathons sprout across China like bamboo shoots after rain. In Beijing, the world’s only “Dual Olympic City” and a global hub for science and innovation, the ​2025 Beijing E-Town Half-Marathon and Humanoid Robot Half-Marathon, scheduled for ​April 13, will pioneer a “sports + technology” format. For the first time, humanoid robots will register alongside human runners, start simultaneously, and share the 21.0975-kilometer course in an unprecedented fusion of innovation.

Li Quan, Member of the Party Working Committee and Deputy Director of the Administrative Committee of Beijing E-Town, revealed that the event has already attracted over ​30,000 human applicants. On the robotics front, global humanoid robot companies, research institutes, robotics clubs, universities, and other innovators have shown immense enthusiasm, with registration numbers soaring.

Notably, to ensure safety, ​physical barriers will separate human and robot runners, with distinct race rules and completion time standards. Yet this groundbreaking human-robot collaboration undeniably signals a bold leap for “technology stepping into reality.”

During a visit to training facilities, reporters observed teams racing against time to upgrade robotic components and intelligence levels, tackling technical challenges to enhance mobility. Some competing robots now reach a ​top speed of 12 km/h. To mitigate the physical strain of road running, some models have added shock-absorbing mechanisms, while others wear customized running shoes.

Liang Liang, Deputy Director of the Beijing E-Town Administrative Committee, explained that as the event is a ​global first with no prior experience or data to reference, both logistics and participants face significant hurdles. To support the robots, organizers have deployed dedicated support vehicles and robotic aid stations. Additionally, they are working closely with each team to refine technology, troubleshoot functions, and achieve developmental goals through pre-race collaboration.

At the ​2024 Paris Olympics, artificial intelligence revolutionized real-time data monitoring, 3D motion capture, and referee decision-making—boosting athlete training efficiency and competitive fairness while showcasing how technology elevates life’s value.

The upcoming human-robot “half-marathon” collaboration represents a ​new frontier where the humanoid robotics industry intersects with humanity, sports, and endurance challenges. Industry experts note that half-marathons strike an ideal balance between “challenge and accessibility”: the event’s low entry barrier contrasts with its rigorous test of physical stamina and mental resilience, culminating in profound personal achievement. By completing the same course, humanoid robots aim to validate industrial progress and refine human-centric technologies.

“This isn’t just a sports competition—it’s a ​stress test for technological breakthroughs and industrial growth,” asserted Xiong Youjun, CEO of the Beijing Humanoid Robot Innovation Center.

A participating robotics executive stated that “marathon-running robots” could accelerate technical maturity, spur industry standards, and drive innovation. On one front, the effort pushes upgrades in high-torque motors, flexible joints, and wear-resistant materials. On another, running’s demand for full-body coordination forces tighter integration of hardware-software systems and deeper partnerships between manufacturers and AI algorithm firms.

These advances promise to unlock ​transformative applications: deploying humanoid robots in disaster relief, long-range inspections, hazardous operations, smart manufacturing, and even elderly home care. As capabilities grow, such robots could also serve as AI training partners for elite athletes, “giving back” to sports development.

Industry experts emphasize that humanoid robots—comprising thousands of components—still face significant hurdles in maintaining stable, prolonged running.

Xiong Youjun explained, “Real-world road conditions differ vastly from lab environments.” To complete the race, robots require ​high-density integrated joints and bodies capable of enduring long distances with efficient heat dissipation. Second, precise coordination of all joints is critical for running, positioning, and dynamic obstacle avoidance—a test of core algorithm development and adaptability. Third, the marathon’s demands on stability, reliability, and battery life are immense, with slopes, turns, and uneven terrain pushing machine performance to its limits.

Given ​persistent technical challenges requiring breakthroughs in industrial development, alongside the disruptive impact of complex outdoor environments on robotic operations, current capabilities allow robots to run alongside humans but not truly compete with them. Thus, this event functions more as an ​industry dialogue and a ​robotic stress test than a traditional race.

For human participants and spectators, sharing the track with robots offers sensory thrills and intellectual expansion. These benefits are concrete: the “constructive interplay” between technology and society clarifies the boundaries of human-robot collaboration, reinforces the principle of “technology for humanity,” and accelerates the shift from ​coexistence to ​co-prosperity.

“As the essence of this event, humanoid robots ‘running marathons’ symbolize humanity’s imagination and dreams in motion—that’s the ultimate highlight,” said Li Quan. “Regardless of rankings or speed, the footprints left by these robots at the finish line hold greater value than any medal. The 21-kilometer course will end, but our quest for human-robot synergy never will.”

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Ghana’s Minister of Lands and Natural Resources to Speak at Mining in Motion Conference

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Critical Minerals Africa

Mining in Motion will feature Hon. Armah-Kofi Buah, Minister for Lands and Natural Resources in high-level panel discussions on trends and opportunities within the gold mining sector

The Mining in Motion 2025 Summit is pleased to announce the participation of Hon. Emmanuel Armah-Kofi Buah, Minister for Lands and Natural Resources, Ghana as a keynote speaker.

Held under the theme Sustainable Mining & Local Growth – Leveraging Resources for Global Impact, the summit brings together Ghana’s policymakers, gold mining stakeholders and international investors to explore strategies for unlocking Ghana’s full mining potential.

Minister Buah’s participation will be instrumental in highlighting opportunities across Ghana’s gold mining value chain, discussing regulatory reforms designed to attract new investments and promoting local content development. The event will showcase Ghana’s initiatives to formalize and strengthen the artisanal and small-scale gold mining (ASGM) sector.

Under the leadership of Hon. Bauh, Ghana’s Ministry of Lands and Natural Resources has driven the growth of the ASGM sector and its contribution to economic growth and community development. The sector employs over one million people and has generated $5 billion in gold export revenue in 2024, strengthening the mining sector’s contribution to revenue generation.

In partnership with the World Bank, the Ministry of Lands and Natural Resources is implementing the Ghana Landscape Restoration and Small-Scale Mining Project to empower District Mining Committees and formalize the ASGM sector. Additionally, Ghana is establishing a Gold Board to improve access to finance and markets for small-scale miners. The Cooperative Mining Policy of 2024 further strengthens the sector by fostering community mining cooperatives and enhancing their technical and financial capacity.

Minister Buah will use the summit as a platform to position Ghana as a model for ASGM formalization and sustainable sector growth. Beyond panel discussions, he will also participate in exclusive networking sessions and high-level meetings with global investors, exploration and production firms, government representatives and key mining stakeholders. These engagements will facilitate deal signings and partnerships aimed at accelerating the expansion of Ghana’s mining sector.

Stay informed about the latest advancements, network with industry leaders, and engage in critical discussions on key issues impacting ASGM and medium to large scale mining in Ghana. Secure your spot at the Mining in Motion 2025 Summit by visiting www.MiningInMotionSummit.com. For sponsorship opportunities or delegate participation, contact Sales@ashantigreeninitiative.org.

Distributed by APO Group on behalf of Energy Capital & Power

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South Africa Approves Renewable Energy Masterplan, Targeting Enhanced Energy Security

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African Energy Week

African Energy Week: Invest in African Energies 2025 will examine the impact the South African Renewable Energy Masterplan will have on the country’s power generation landscape

CAPE TOWN, South Africa, April 9, 2025/APO Group/ –The South African Cabinet has approved the South African Renewable Energy Masterplan (SAREM) for implementation, targeting energy security and broader industrial growth. The plan seeks to address challenges associated with local capacity, infrastructure and investment by providing a roadmap for developing renewable energy and battery storage technologies. For investors, the plan identifies a clear pathway to advancing power projects as South African electricity demand is expected to rise two-fold by 2040.

The upcoming African Energy Week (AEW): Invest in African Energies 2025 – taking place September 29 to October 3 – will examine the impact the SAREM will have on the country’s energy mix. Uniting African government and policymakers with energy operators and investors, the event seeks to drive investment in African energy, in alignment with broader goals of making energy poverty history.

AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit http://www.AECWeek.com for more information about this exciting event.

South Africa targets ambitious growth across its renewable energy market, striving to strengthen grid resilience through large-scale investments in generation and transmission infrastructure. Led by policies such as the Integrated Resource Plan (IRP) – revised in 2023 – the country envisages 29.5 GW of new capacity by 2030. Of this, 14.4 GW will be derived from wind while 6 GW comes from solar. The latest procurement round of the IRP targets 6.8 GW of renewable energy, 3 GW of natural gas and 1.5 GW of coal.

To realize these goals, the SAREM aims to leverage rising demand for renewable energy and storage technologies, with a focus on solar, wind, lithium-ion battery and vanadium-based battery technologies to drive industrial development in South Africa. The masterplan is anchored on four primary areas: supporting local demand for renewable energy and storage by unlocking system readiness; driving industrial development by building renewable energy and battery storage value chains; fostering inclusive development by driving transformation of the industry; and building local capabilities in terms of skills and technological innovation.

The SAREM is expected to fuel the already-growing South African renewable energy market. According to the African Energy Chamber’s State of African Energy 2025 Outlook, South Africa – alongside Egypt – is expected to continue leading Africa’s power generation in 2025. The continent has over 500 GW of renewable energy capacity in concept phase, 80% of which are in the North African region and South Africa. South Africa is also one of several countries leading in nuclear-based power generation. The SAREM will support growth by facilitating partnerships across the value chain, implementing targeted training programs while addressing challenges associated with regulatory barriers. While the SAREM provides significant benefits to the renewable energy landscape, Cabinet has directed that additional work be done on the masterplan to incentivize investors to fund projects. This includes the development of green hydrogen to meet international obligations of 5% blended fuel in aviation and maritime sectors by 2030.

During AEW: Invest in African Energies 2025, a multi-track program will explore how policies such as the SAREM will shape Africa’s energy landscape. A dedicated Energy Transition stage will investigate Africa’s strategic approach to driving a just transition, tackling key topics including Energy Security in Africa; Driving Local Value; Scaling-up Renewable Energy; and many more. A Powering Africa stage will address fundamental challenges and opportunities surrounding Africa’s electricity market. For South Africa, panel discussions on Bridging the Electricity Gap; Energy Efficiency; Strengthening Public and Private Sector Collaboration; Energy Diversification, and more, will identify opportunities for investors and project developers. Meanwhile, an Invest in African Energies: Country Spotlight on South Africa will examine the country’s energy landscape, including the advancement of oil and gas projects and the implementation of utility-scale renewable energy projects. From green hydrogen adoption to battery storage solutions to solar, wind and natural gas, the spotlight will explore the role an integrated energy mix will have on the country’s energy future.

Distributed by APO Group on behalf of African Energy Chamber

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