Wednesday, September 22, 2021

Africa Gas Monetization To Experience Increase – Report

Africa Gas Monetization To Experience Increase – Report
The Africa Energy Outlook 2021 released earlier this week, the African Energy Chamber forecasts increased gas monetization across the continent on...

Off-grid power in Africa will rely more on Hybrid solutions

Off-grid powerin Africa will rely more on Hybrid solutions
As the energy markets are undergoing a massive transformation, governments around the world are transitioning away from fossil fuels towards the...

Sahara Energy invests $450m in Cote d’ Ivoire: raises LPG supply

Sahara Energy Resource Limited, a member of the energy conglomerate, Sahara Group, has since 2014 invested over UDS450 million into facilitating the supply of Liquefied Petroleum Gas (LPG) to Cote d’Ivoire as the nation continues its quest for cleaner cooking fuel options. A member of the Sahara Group energy conglomerate, Sahara Energy Resource Limited,has invested over UDS450 million into facilitating the supply of Liquefied Petroleum Gas (LPG) to Cote d’Ivoire since 2014 as the nation continues its quest for cleaner cooking fuel options. Although the 2014 population and housing census (RGPH 2014) in Cote d’Ivoire showed that 78 per cent of households use wood and charcoal as their cooking fuel while 22 per cent use gas, the National LPG consumption has grown from 175KT in 2013 to 380KT in 2019, following increased availability of the butane gas and deliberate policy intervention by the government. Sahara Energy has invested about USD84 million to supply 200,578.22MT of LPG to the West African nation, according to 2020 YTD records. Last week, the Sahara Gas LPG vessel berthed in Ivorian waters discharging 10,000MT of LPG, further reducing the use of other sources of cooking fuels that pose threats to healthcare and the environment. The Sahara Gas vessel is owned by West Africa Gas Limited (WAGL), a joint venture between Nigerian National Petroleum Corporation (NNPC) and energy conglomerate, Sahara Group. The JV also has the Africa Gas LPG vessel in its fleet. Sahara Gas and Africa Gas have delivered 373,651.22MT and 268,206.22 MT of LPG to Cote d’Ivoire since the commissioning of the vessels in March 2017. The Country Manager, Sahara Energy Resources in Cote d’Ivoire, Olayemi Odutola, said, “Working in collaboration with various stakeholders, Sahara Energy is delighted to be driving access to clean energy in Cote d’Ivoire. This is equally the case across the continent where our LPG vessels play a critical role in ensuring households and communities have a viable cleaner option for cooking and ultimately living healthy lifestyles,”. Sahara Energy is already in a Joint Venture with Petroci Holding towards achieving the construction of a 12,000MT LPG storage facility to increase storage and supply of the product in Cote d’Ivoire. The $43 million project will be executed in two phases, with commissioning scheduled for November 2021 and October 2022, respectively. Ultimately, the facility is expected to ramp up LPG availability and security by increasing stockholding from 15 days to 27 days and also boost supply of the product to Cote d’Ivoire’s neighboring countries such as Mali, Burkina Faso, and Guinea.
Sahara Energy Resource Limited, a member of the energy conglomerate, Sahara Group, has since 2014 invested over UDS450 million into facilitating...

Savannah Energy Records $1.2M Half Year Profit

Savannah Energy, the Africa-focused oil company,swung to profitability with a first-half profit after it completed the acquisition of assets in Nigeria...

Libya urges UK to pursue her oil opportunities

oil prodution
The UK has been urged by Libya’s National Oil Corporation (NOC) to seek opportunities in the Libyan oil and gas sector.

SRI LANKA:Court orders test of oil samples of the New Diamond...

Leadership newspaper
The Colombo Chief Magistrate’s Court has granted permission to the Chairperson of the Marine Environment Protection Authority to conduct an investigation...

Tullow trims sails

News break
Tullow Oil produced 77,000 barrels per day of oil in the first half, in line with expectations. The company...

Niger exports fuel to Nigeria as Egypt, Algeria build 13 refineries

African housing News
Neighbouring Niger Republic, which started commercial oil production in 2011, now exports petroleum products to Nigeria, as Egypt and Algeria lead...

Shell’s Bonga FPSO gets digital twin

Shell's bonga FPSO
Akselos SA deploys structural digital twin for Shell’s Bonga FPSO, Akselos SA has deployed a structural digital twin for Shell Nigeria...

Shell contracts long-length steel pipes for offshore T&T gas tieback project

Shell contracts long-length steel pipes for offshore
Shell subsidiary BG International has contracted Corinth Pipeworks to supply steel pipes for the block 22 and NCMA-4 (Colibri) gas field development offshore Trinidad and Tobago.

Renergen’s LNG auction garners interest

BUSINESS DEVELOPMENTS & PROJECTS South African domestic natural gas and helium producer Renergen reported significant interest in the country’s...

Africa’s upstream spend drops to $14bn, FIDs from 22 to 3;...

As Africa Oil Week key reports have been released, the vital questions seems to be “What’s next after the Crash?” as it...
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