Energy

Congo-Kinshasa: Climate Movement Welcomes DRC’s Decision to Close the Ongoing Auction of 30 Oil and Gas Blocks to Avoid Major Environmental Difficulties

Energy‚ Oil & Gas‚ Oil and Gas Industry | intent | October 17, 2024 | Comment off

The 30 oil and gas blocks auction that has been underway for more than two years for a procedure that cannot exceed 18 months has been finally put to an end to the delight of climate change activists. On Monday 14 October, the Ministry of Hydrocarbons in DRC represented by Mr. Aimé Molendo Sakombi issued a cancellation statement and plan to immediately relaunch the auction to avoid the irregularities previously encountered and above all to hold hydrocarbon rights for better ecological preservation.

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Nigeria’s NNPC Signs Gas Supply Deal with Oil Majors

Energy‚ Oil & Gas‚ Oil and Gas Industry | intent | October 17, 2024 | Comment off

The Nigerian National Petroleum Corporation (NNPC) has signed a deal with Shell, TotalEnergies, and Agip to supply gas to the $3.3 billion methanol-manufacturing plant of Brass Fertilizer & Petrochemical Company Ltd. Under the terms of the agreement, the NNPC and its partners will supply 270 million standard cubic feet of gas daily to the plant, which will be situated on Brass Island, Bayelsa State.

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Oil and gas communities are a blind spot in America’s climate and economic policies

Energy‚ Oil & Gas‚ Oil and Gas Industry | intent | October 16, 2024 | Comment off

On a recent visit to Rangely, a small town in northwest Colorado, my colleagues and I met with the administrators of a highly regarded community college to discuss the town’s economy. Leaving the scenic campus, we saw families driving into the mountains in off-road vehicles, a favorite activity for this outdoors-loving community. With a median household income above US$70,000 and a low cost of living, Rangely does not have the signs of a town in economic distress.

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African Energy Chamber Reaffirms Commitment to Host African Energy Week in Cape Town Through 2030

Energy‚ Oil & Gas‚ Oil and Gas Industry | intent | October 16, 2024 | Comment off

The African Energy Chamber (AEC) (www.EnergyChamber.org) – the voice of the African energy sector – is proud to announce that the African Energy Week (AEW): Invest in African Energy conference remains committed to hosting the African continent’s most successful energy event in Cape Town. AEW was established in 2021 under the premise to make energy poverty history by 2030 and, now in its fourth immensely successfully edition, we remain devoted to keeping the event at Cape Town’s International Conference Center (CTICC) until 2030.

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DR Congo Reverses 27 Oil Block Licensing Decision

Energy‚ Oil & Gas‚ Oil and Gas Industry | intent | October 16, 2024 | Comment off

The Democratic Republic of Congo (DR Congo) has called off a licensing round for 27 oil blocks initially launched in 2022 to access the country’s oil and gas potential.

This decision was communicated in a statement posted on Monday on the hydrocarbons ministry’s X account. The statement, dated October 11, listed various reasons for the cancellation, including late submissions, inappropriate or irregular offers, and a lack of competition.

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