News

President Bola Tinubu has executed Policy Directives to improve the investment climate and position Nigeria as the preferred investment destination for the oil & gas sector in Africa.

A statement by presidential spokesman, Ajuri Ngelale on Wednesday, said this is in keeping with the President’s dedicated efforts to remove obstacles to investments in Nigeria, harness the nation’s resources and diversify the economy for the benefit of all Nigerians

Algeria’s Minister of Energy and Mines Mohamed Arkab will speak at the African Energy Week (AEW): Invest in African Energy 2024 conference – taking place November 4–8 in Cape Town. As the country moves to attract new investment in oil and gas, the minister will shed light on upcoming opportunities in exploration, production and infrastructure development.

Norway’s Ministry of Energy has announced two areas in the North Sea for applications related to CO2 injection and storage on the Norwegian continental shelf.

‘I am very pleased that several companies want storage areas for commercial storage of CO2 on the Norwegian continental shelf. We have developed a system that provides good access to promising areas. Today’s announcement for applications is another step on the road towards making Norway a central arena for CO2 storage as an important climate measure for Europe’, said Minister of Energy Terje Aasland.

The Republic of the Congo has joined the ranks of African liquefied natural gas exporters as it shipped its first LNG cargo to Europe, marking the start of a new era for the central African nation’s energy industry.

Aliko Dangote is reportedly in the process of establishing an oil trading division, potentially situated in London, aimed at managing the crude and product supply chain for his upcoming refinery in Nigeria, according to six informed sources who spoke to Reuters.