Energy

Decarbonizing Upstream Oil and Gas Strategies Report 2024: Improving Efficiency, Flaring Mitigation, Electrification, Carbon Capture, and Renewables

This report identifies the requirements for meeting emissions targets and introduces the energy transition interventions most suited to decarbonizing the upstream oil and gas industry. The measures discussed include improving efficiency, flaring mitigation, electrification, carbon capture, and renewables.

SA coastal communities, eco-justice groups’ offshore drilling appeal highlights threats to livelihoods, marine ecosystems

With COP29 just a few weeks away, The Green Connection, Natural Justice, and Masifundise Development Trust are drawing attention to the widespread opposition of the environmental authorisation granted for offshore oil and gas exploration in Block 3B/4B, off South Africa’s West Coast.

DR Congo’s Plans for Oil and Gas Auction Unclear

The government of the Democratic Republic of Congo appears to be rejigging a plan to auction off the rights to drill for oil and gas in 30 blocks across the country. On October 11, Congo’s hydrocarbons minister announced he had cancelled the auction of 27 oil blocks, citing late submissions, inappropriate or irregular offers, and a lack of competition. The announcement makes no mention of three gas blocks.

Nigerian Regulator Clears Prime Consolidation

AOI–TSX, AOI–Nasdaq-Stockholm) – Africa Oil Corp. (“Africa Oil”, “AOC” or the “Company”) is pleased to announce that the Nigerian Upstream Petroleum Regulatory Commission (“NUPRC”) has given clearance for the amalgamation of Africa Oil Papa Corp., a wholly owned subsidiary of Africa Oil, and BTG Pactual Holding S.à r.l. (“Amalgamation”) in exchange for the issuance of Common Shares in the Company to BTG Pactual Oil & Gas S.à r.l., to effect the consolidation of 100% ownership of Prime Oil & Gas Coöperatief U.A. (“Prime”) in Africa Oil.