News & Updates

Africa holds 7% of the world’s proven crude oil and natural gas reserves and remains largely under-explored, writes NJ Ayuk.

As Senegal’s first oil and gas projects are under-development and first production is expected within two years, the African Energy Chamber conducted this week a working visit in Dakar to promote investment into the country and support local content development and capacity building.

The Welcome Cocktail Reception / Ice Breaker of the Nigeria International Petroleum Summit held today at the Transcorp Hilton Hotel, Abuja. The Honourable Minister of State for Petroleum Resources, Timipre Marlin Sylva in his welcome speech, urged the delegates to see the Conference as an opportunity to properly understand Nigeria’s petroleum and energy environment as it promises to be a greater frontier for Africa’s economy with the abounding opportunities.

Three years after the Federal Executive Council of Nigeria took the final decision to approve the Nigeria International Petroleum Summit (NIPS), an African Petroleum Technology and Business Conference, the third edition of the event is set to hold in its capital city, Abuja from 9 – 12 February 2020. The event, which is highly touted to be the official government-endorsed event has been designed to be the rendez-vous for Nigeria and indeed, Africa’s oil and gas sector where principal decision-makers from the public and private sectors exchange innovative ideas.

Equatorial Guinea’s Council of Ministers has agreed to support China’s fight against the coronavirus with a $2 million solidarity contribution this week. Chaired by H.E. President Obiang Nguema Mbasogo, the Council of Ministers expressed its deepest support and solidarity to the Chinese Government in their fight against the global outbreak.

Minister of State for Petroleum Resources, H.E. Chief Timipre Sylva was part of the Nigerian delegation at the US-Nigeria Binational Commission Meeting held in Washington DC on February 3-4, 2020. Read the official announcement by the U.S. Department of State here.

The African Energy Chamber addresses its heartfelt congratulations to the Republic of Togo for breaking ground on its 50MW Mohamed Bin Zayed Photovoltaic Solar Power Complex today in Blitta. The project was launched in presence of H.E. Faure E. Gnassingbe, President of the Republic of Togo, and Hussain Al Nowais, Chairman of AMEA Power, the company in charge of designing, financing, building, launching, operating and maintaining the facility.

As part of Equatorial Guinea’s Year of Investment Initiative which is centered on driving investment in Equatorial Guinea and Africa’s leading oil and gas-producing economies, Minister of Mines and Hydrocarbons H.E. Gabriel Mbaga Obiang Lima will participate in the Atlantic Council’s Global Energy Council in Abu Dhabi on January 10-12.

The Honourable Minister of State for Petroleum Resources, H.E. Chief Timipre Sylva has declared 2020 as the year of Gas for the Nation. He made this known when he received the Executive Management of the Nigeria Liquefied Petroleum Gas Association (NLPGA) led by the Mr. Nuhu Yakubu, President of NLPGA.