Tag: oil and gas
Senegal Oil & Power Event Postponed; Africa Oil & Power (AOP) Supports Senegal’s Efforts to Fight COVID-19
Organizer Africa Oil & Power (AOP) (https://AfricaOilandPower.com/) stands in solidarity with the Senegalese people and leadership in the fight against the coronavirus threat; Senegal Oil & Power 2020 is postponed in the interest of public safety due to the COVID-19 pandemic; Senegal is becoming energy powerhouse, with two large offshore oil and gas projects in development as well as global-scale renewable energy initiatives.
Due to the restrictions imposed by COVID-19 on tra
Coronavirus – Nigeria: Statement by His Excellency, Muhammadu Buhari, President of the Federal Republic of Nigeria (March 26, 2020)
Over the last few days I have received extensive briefings on the state of the nation as it relates to the Covid-19 pandemic, from the relevant Federal Government agencies as well as the Lagos State Government.
Accordingly, I approved the following:
The immediate release of a 10 billion Naira grant to Lagos State, which remains the epicentre of the Covid-19 outbreak in Nigeria. This grant will enable Lagos increase its capacity to control and co
Coronavirus – South Sudan: COVID19 outbreak likely impact on markets and food security in South Sudan
South Sudan heavily depends on export of oil, the reopening of some damaged oil wells following the peace agreement in 2018 pushed up daily oil production (export) by about 20 percent in February 2019. Despite the increase, access of hard currency to importers from banks has not yet started, and therefore traders still depend on the informal market. The oil revenue will be impacted by the collapse of the world oil prices amidst the spread of COVID19 across several important playe
Speech by Godwin, I. Emefiele, Governor of the Central Bank of Nigeria, March 26, 2020:
Ladies and Gentlemen, Good afternoon.
As a follow up to the series of engagements and releases from the Central Bank of Nigeria in response to the impact of the Covid-19 on the Global and Nigeria economy, the CBN has, in the last few days began engaging Nigeria compatriot stakeholders in the private sector on how to provide support to the Federal Government in
African governments set to see decline in revenues; Exploration projects put on hold; Thousands of local jobs at risk if nothing is done.
While the short-term effects of Covid-19 on world economies are already being felt and put millions in a situation of economic distress, their long-term ones are yet to be fully grasped. In sub-Saharan Africa, the impact will be felt even stronger because the pandemic is being combined with a historic crash in oil prices, putting
Côte d’Ivoire is establishing a new energy leadership in West Africa following several initiatives taken to monetize natural gas across power generation and public transport. In a region rich in natural gas, such initiatives are driving Côte d’Ivoire’s energy transition and paving the way for more industrialization and jobs creation.
Since January 2020, the country has secured key financing for its major gas-to-power projects, Azito and Atinkou.
Energy Law Firm offers support to businesses affected by the Covid-19 Pandemic and the oil industry crisis
Recognizing the toll that the Covid-19 Pandemic has taken on the oil and gas industry, Centurion law Group (https://CenturionLG.com/) will assist small and mid-sized African businesses that are currently dealing with the economic impact of the Coronavirus, which is hitting many African countries. With our strong African footprint, we believe it is an opportunity to give back to a continent that has given so much to us. Our firm will offer assistance to local services companies in