More than a few African entities are represented on a list of 636 fossil fuel lobbyists attending the COP27 climate conference in Egypt, a number that the anti-corruption Global Witness organization, publishers of the list, say is more than 25% higher than a year ago in Scotland. The names were…
Nigeria is promoting its oil and gas industry during President Buhari’s state visit to Spain, a move that comes as European nations seek to secure resources to replace the now-banned imports of Russian oil. Buhari and representatives of the Nigerian National Petroleum Corporation (NNPC) have highlighted Nigeria’s energy sector during…
By NJ Ayuk, African Energy Chamber Sometimes it is easy to forget how interconnected human lives across the globe have become. Perhaps we no longer talk as much about globalization as we used to in the 1990s because it is no longer an issue to be discussed or protested against,…
The heightened rhetoric following Saturday’s attack on Saudi Aramco oil infrastructure seemed more heat than light, as the United States accused Iran of being responsible – which Iran denies – and threatened retaliation in keeping with the Kingdom of Saudi Arabia’s wishes. It’s still uncertain how much structural damage was…
The central African nation of Congo Brazzaville has become the newest member of the Organization of the Petroleum Exporting Countries (OPEC), following the conclusion of the OPEC member meeting in Vienna on Friday. It is now the 15th nation to become a member, seven of them on the continent. The…
Officials in Equatorial Guinea say ExxonMobil has struck oil with the Avestruz-1 well drilled by the company in October. It’s now being assessed for its commercial potential. The site is about 160 kilometers off Malabo, in an area adjacent to the Zafiro field in the country’s maritime area to the…
Algerian teachers and medical workers are threatening strikes as the country’s economic woes linger amid low oil prices, and the government proposes tax hikes and salary freezes to stretch the budget. The three-year economic plan released last month also considers reduced food subsidies, with increases in bread and milk prices. Algerian…
African economies dependent on oil revenues continue to struggle with high supply levels and low prices, as representatives of OPEC nations meeting in Algeria Tuesday said it will be November before any decision to limit output and stabilize markets could have an impact on their ailing budgets. Nigerian Mohammad Barkindo,…
From 2010 until mid-2014, world oil prices were fairly stable at around $110 per barrel. But over supply from oil producers coupled with weak demand from the Chinese and European economies drowned the world with cheap oil pushing the price further south to its lowest price ($30) since 2003 in…
Erukilede Julius is a legal practitioner, entrepreneur and energy professional.