Energy

Leading Energy Companies Including Vitol, Africa Oil Corp, and ERHC Energy Inc will Gather in London for the Invest in African Energy Reception, Highlighting Growing Global Interest in African Oil and Gas Opportunities

Global energy companies including Vitol, Africa Oil Corp. and ERHC Energy Inc. will showcase Africa’s premier energy sector opportunities at the Invest in African Energy reception in London this week, organized by the African Energy Chamber (AEC) (https://EnergyChamber.org). The reception serves to catalyze investor interest in Africa’s energy prospects ahead of the African Energy Week: Invest in African Energy conference in Cape Town this November, showcasing the potential of the African energy market and exploring strategies to unlock its full potential.

ENI/VITOL dispute: $7 billion claim against Ghana, GNPC dismissed

The International Arbitration Tribunal in the Eni & Vitol versus Ghana & Ghana National Petroleum Corporation (GNPC) arbitration has issued its final award. Positively for Ghana, the tribunal denied claimants their monetary damages. The claimants initially claimed 7 billion dollars, but they subsequently reviewed it to $915 million plus interest by the end of the proceedings.