Gas Archives - Page 2 of 5 - AfricaBusiness.com

25May

By NJ AyukNo Comments

Net Zero? Not for Africa. Not Yet. Africa Must Fight Energy Poverty with Oil and Gas Development

By NJ Ayuk, Executive Chairman, African Energy Chamber On May 18, 2021, the International Energy Agency (IEA) released “Net Zero by 2050: A Roadmap for the Global Energy Sector,” which outlines plans for the global energy sector to reach “net zero” greenhouse gas emissions by 2050. Achieving net zero emissions means the amount of greenhouse gases being emitted into the atmosphere would equal the amount being removed. Achieving this balance, the IEA maintains, would require more than aggressive carbon-capture measures: It would call for a swift and immediate shift from petroleum energy sources to energy provided through naturally replenished sources like wind, water, and solar power. From an environmental standpoint, this is a great concept. But we live in reality. And today, in real-world...

6Apr

By Africa BusinessNo Comments

Energy

African Energy Thriller Becomes a Wall Street Journal Best-Seller List and tops US Market

Following the widely acclaimed release of NJ Ayuk, Managing Director of Centurion Law Group and Executive Chairman of the African Energy Chamber’s second book, Billions At Play: The Future of African Energy and Making Deals, the resourceful and bold book has become #1 Amazon Best Selling eBook overall, #2 Wall Street Journal Best Selling eBook, #4 USA Today Non-Fiction Business Best Selling eBook and #10 Wall Street Journal Non-Fiction Combined best seller. Billions At Play became number one on Amazon in several categories only a few days after its initial release in 2019, making it one of Africa’s energy best-sellers. This second edition, which opens once again on a foreword by H.E. Mohamed Sanusi Barkindo, Secretary-General of the Organisation of Petroleum Exporting Countries (OPEC) and...

24Mar

By Africa BusinessNo Comments

Energy, Green Energy

Use of green methane in transport and power generation – researchers and industry present interim results of the MethanQuest project

New technologies for producing gas from renewable sources Testing of hydrogen, methanol and methane for use in ships, cars and power generation LNG supply and microgrid concept for Karlsruhe inland port The flagship project MethanQuest was launched in September 2018, and on it a total of 29 partners from research, industry and the energy sector have come together to work on processes for producing hydrogen and methane from renewables and for using them to achieve climate-neutral mobility and power generation. The project participants have now submitted their interim results. These relate to electrolysis systems for producing hydrogen, both on land and in offshore wind parks, equipment for producing methane, the use of gas engines in cars, ships and CHP plants, and concepts for energy...

16Mar

By Wale YusuffNo Comments

Energy, Green Energy, Nigeria News

Without flexibility, Nigeria will face difficulties integrating large amounts of renewable energy into the grid

Op-ed by Wale Yusuff, Managing Director of Wartsila Marine & Power Service Nig Ltd As the largest economy in Africa, with huge gas reserves and high solar energy potential, Nigeria has all the natural resources necessary to meet the growing demand for electricity. However, the inadequate energy infrastructure still leaves a significant part of the population without power or relying on oil-fired back-up generators. If Nigeria can improve its energy infrastructure and unlock its gas-to-power generation potential, it paves the way to integrating low-cost renewable energy, bringing electricity and development opportunities to rural villages, driving industrial growth and employment, and increasing prosperity across the country. There is no doubt that gas has an important role to play in ...

Africa needs Pragmatic Free Market policies to attract capital into Gas markets

1Mar

By NJ AyukNo Comments

Energy

Africa needs Pragmatic Free Market policies to attract capital into Gas markets

Speaking at the International Petroleum (IP) Week on February 25, 2021, I commended Nigeria for its efforts in driving gas monetization, but we have to be clear that our industry and hardworking people remain frustrated by the delays and inability to pass and sign the Petroleum Industry Bill. There needs to be that fierce sense of urgency of now especially in the era of the energy transition. The Petroleum Industry Bill (PIB) needs to be passed as it allows energy companies to turn their attention to producing energy that drives our economies. It will allow politicians to focus on other pressing matters like the African Continental Free Trade Area (AfCTA) and security issues. Africa is well-placed to become a key global supplier of LNG. Mozambique, Nigeria, Equatorial Guinea, Senegal, and ...

A Young Egyptian Researcher Attracts the Attention of British and European Oil Companies. Dr. Mohammad ElSayed Develops the First Multi-Sensing Robot System for Monitoring Offshore Oil and Gas Platforms in Britain

5Jan

By Africa BusinessNo Comments

Egypt News, Energy, Science, Tech

A Young Egyptian Researcher Attracts the Attention of British and European Oil Companies. Dr. Mohammad ElSayed Develops the First Multi-Sensing Robot System for Monitoring Offshore Oil and Gas Platforms in Britain

In an interview with Iris Media Agency, Dr. Mohammed ElSayed, a young Egyptian researcher at the University of Edinburgh, asserted that his success in developing a new multi-sensing robot has attracted the attention of both British and European oil and gas companies. Dr. Mohammad, who is currently spending his vacation in Abu Dhabi, mentioned that his novel invention will be be deployed in large collectives for monitoring offshore oil and gas platforms, as it designed to be low-cost and highly manufacturable. At the age of 25, Dr. Mohammed ElSayed has successfully received a PhD in Robotics from The University of Edinburgh on this research project under the supervision of Dr. Adam Stokes, becoming one of the youngest scientists in the universit...

African Countries Must Develop Strategic Fiscal Policies to Survive Oil and Gas Industry Changes on Horizon

21Nov

By NJ AyukNo Comments

Angola News, Cameroon News, Energy, Gabon News

African Countries Must Develop Strategic Fiscal Policies to Survive Oil and Gas Industry Changes on Horizon

The future of the global oil and gas industry has been a subject of great fascination and debate for decades. Since COVID-19 surfaced, there has been even more conjecture on this topic and, in particular, the most likely timing for “peak oil,” when crude production reaches its maximum rate before going into permanent decline. Predictions run the gamut: OPEC’s latest World Oil Outlook, for example, forecasts increasing oil demand for two more decades. But the International Energy Agency stated in its 2020 World Energy Outlook report that demand for oil probably will plateau after 2030. And the 2020 energy outlook from BP states that the world has already passed peak oil and predicts even greater drops in demand as countries comply with carbon dioxide abatement measures. While no one can p...

Fueling the future of oil and gas infrastructure

9Jul

By Stephan BurgerNo Comments

Energy, Events, South Africa News

Fueling the future of oil and gas infrastructure

Stephan Burger, Vice President MOGS Oil & Gas Services In this Op-Ed piece MOGS Vice President Stephan Burger speaks to the theme of Africa Oil and Power - the continent's premier platform for energy investment. AOP’s theme #MakeEnergyWork will showcase the energy sector as a key driver of economic growth, jobs and opportunity for Africa’s people and private sectors. MOGS Oil & Gas Services (MOGS) is a Pan-African operator, investor and developer of oil and gas midstream infrastructure across the African continent. The company develops and operates fuel import terminals, storage and blending facilities. A subsidiary of African investment company Royal Bafokeng Holdings, MOGS is a majority partner in the South Africa-based energy infrastructure company, Sunrise Energy, which is r...

What Angola can learn from Nigeria as it creates remarkable opportunities for marginal oil production

15Jan

By NJ AyukNo Comments

African News, Angola News, Energy, Nigeria News

What Angola can learn from Nigeria as it creates remarkable opportunities for marginal oil production

The Nigerian experience with marginal oil field development had measurable success, with 24 licenses awarded to 31 companies, some as sole operators and others as joint-ventures With production declining and investment scarce, the Angolan leadership has put in place a number of new policies to reboot its oil industry and propel economic development. However, those changes take time and renewed deep-water oil and gas exploration for fresh reserves will take years to yield the desired results and stop the daily production crunch. In the meantime, the government is targeting what it already knows exists, the country’s multiple deposits of what has been dubbed marginal oil fields, which will go on sale this year during the Angolan Marginal Field Bid Round. Marginal fields are defined by ...

22Apr

By Africa BusinessNo Comments

Africa Travel, African News, Nigeria News

Carlson Rezidor announces the Radisson Blu Hotel, Port Harcourt, Nigeria

The Carlson Rezidor Hotel Group – born in early 2012 – is one of the world’s largest and most dynamic hotel groups. The portfolio of the Carlson Rezidor Hotel Group includes more than 1,300 hotels, a global footprint spanning 80 countries, a powerful set of global brands (Radisson Blu, Radisson®, Country Inns & Suites by CarlsonSM, Park Inn by Radisson, Hotel Missoni and Park Plaza®). In most of the group’s hotels, guests can benefit from the loyalty program Club Carlson, one of the most rewarding loyalty programs in the world. The Carlson Rezidor Hotel Group and its brands employ more than 80,000 people. The Carlson Rezidor Hotel Group is headquartered in Minneapolis, USA, and Brussels, Belgium. http://www.carlsonrezidor.com; http://www.rezidor.com The Carlson Rezidor H...