In a move set to redefine the energy dynamics of the African continent, Afreximbank and the African Petroleum Producer Organisation (APPO) are poised to launch the African Energy Bank (AEB). This groundbreaking initiative aims to catalyze the advancement of oil and gas projects across Africa, thereby fostering the continent’s socio-economic development.
On Wednesday 28 February 2024, the Council of Ministers adopted a communication concerning an expression of interest by Eni Côte d’Ivoire Limited in offshore oil blocks CI-504, CI-526, CI-706 and CI-708.
Eni’s second floating LNG production project in Mozambique has “potential” for a final investment decision in 2024, according to the chief of LNG engineering giant Technip Energies, Arnaud Pieton.
The Ministry of Energy and Energy Industries has confirmed that representatives from several energy sector stakeholder groups continue to provide hands-on expertise to remediate the hydrocarbon discharge off the coast of Cove, Tobago.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has said the 51 field development plans it approved within the space of one year should attract an investment inflow of $17.64 billion. The Chief Executive, NUPRC, Engr. Gbenga Komolafe, made this known while delivering the keynote speech during the Nigerian Petroleum Producers Forum panel at the ongoing 7th Nigeria International Energy Summit (NIES) on Wednesday in Abuja.
President Nana Akufo-Addo says that the Gold for Oil Programme worked well, significantly lowering forex constraints on bulk energy storage, transportation, and imports.
Senior representatives from Eni, Exmar and the project partners gathered yesterday with Congolese institutions to celebrate the successful start-up of LNG production and the first shipment of LNG from the Republic of the Congo. This milestone completes the implementation of the first phase of Eni-operated Congo LNG project.
While projects offshore Cyprus and Israel advance, Lebanon’s latest licensing round follows news that Eni, TotalEnergies, and QatarEnergy drilled a dry hole on Block 9 near the country’s maritime border with Israel.
Eni SpA (E) is around the middle of the Energy sector according to InvestorsObserver. E received an overall rating of 87, which means that it scores higher than 87% of stocks. Additionally, Eni SpA scored a 63 in the Energy sector, ranking it higher than 63% of stocks in that sector.
Despite escalating geopolitical risks, concerns over global demand have offset any price support, which, in turn, has affected the Zacks Oil and Gas – Exploration and Production – United States industry.