First Independent Mena Newspaper
Nigeria’s liquified natural gas (LNG) facility at Bonny Island has seen production decline in recent months as a result of a shortage of natural gas supply due to rampant theft and sabotage of oil and gas pipelines. Also unplanned disruptions at LNG plants in the United States and Australia have wrong-footed traders, including BP and […]
Several European countries are increasingly turning to the African continent for gas supply as best alternative to the Russian gas as western countries look to reduce and end dependence on Moscow. Since the start of the Russia-Ukraine war in February this year, tensions built up between Russian President Vladimir Putin and European countries. The Russian […]
The European Union has reached out to the kingdom of Morocco to study possibilities to invest in the Morocco-Nigeria gas pipeline project that will connect up to Spain, in view of replacing Russia which is using its gas as political weapon. The move came after Nigerian President Muhammadu Buhari called on European Union countries and […]
Nigerian President Muhammadu Buhari, who doubles as oil minister, has granted consent to the acquisition of ExxonMobil’s Nigerian unit by Seplat Energy, in a $1.28 billion deal announced in February. According to the statement published Monday, Buhari granted the consent in his capacity as minister of petroleum resources and, in consonance with the country’s drive […]
Morocco is set to reach its goals in renewable energy, meet its own demands and become a regional exporter of clean energy to North Africa and Europe, writes Forbes magazine in its latest edition. The North African Kingdom has a total installed generating capacity of about 11,000 MW, 4,030 MW of which is renewables. An […]
Rio Tinto Group’s subsidiary in Guinea has formed an infrastructure joint venture with Winning Consortium Simandou (WCS) and the government to develop a railway and port, paving the way for work to resume on the world’s largest undeveloped iron ore project. The joint venture for the Simandou is a milestone for Rio and WCS, whose […]
UK start-up Xlinks has chosen Canadian engineering consulting firm WSP to provide technical advisory services for the tendering process for four HVDC converter stations and ancillary works for the Morocco-UK Power Project. WSP will support the procurement process for converter stations in the UK and Morocco, UK grid connection works, connection to the generation assets […]
Côte d’Ivoire, which aspires to become a “major” oil producer by 2023, has announced a new discovery of oil and natural gas by Italian hydrocarbon giant ENI, thus effectively expanding its potential reserves found last year by 25%. In September 2021, ENI announced a „major discovery” of offshore oil and gas resources in Ivory Coast, […]
Construction work of the first solar photovoltaic power plant in the Tangier-Tetouan-Al Hoceima region, with an installed capacity of 34 megawatts (MWp), was launched Tuesday in the commune of Hjar Nahal, in the Tangier-Assilah prefecture. The GPM1 solar power, developed by the Green Power Morocco Company for an overall investment of about 370 million dirhams […]
Libya authorities in charge of the country’s oil production indicated Tuesday oil production has increased 1.025 million barrels per day after a three-month decline owing to a wave of closures of oil fields and ports, Libya Observer reports. Chairman of the National Oil Corporation (NOC), Farhat Ben Qadara, and the Minister of Oil and Gas, […]