Tag: Oil and Gas
-
A Stronger Africa Requires Stronger Investment Policies
Introduction: A continent poised for investment-driven growth In a rapidly evolving global energy landscape, Africa’s growth hinges on one crucial factor: investment policy. Author and energy policy analyst NJ Ayuk argues that stronger, clearer, and more credible investment policies are essential to unlock Africa’s vast resources. The spotlight is today on Algeria, a longtime energy…
-
ICPC Opens NMDPRA Probe Over Dangote Corruption Petition
ICPC Launches Probe Following Dangote Petition The Nigerian anti-corruption watchdog, the Independent Corrupt Practices and Other Related Offences Commission (ICPC), has announced that it will investigate a petition accusing an executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) of corruption. The move marks the latest development in a long-running scramble over governance…
-
Springfield Takeover: Independent Valuation for Viability
Overview: A potential Springfield Takeover under review The Ghanaian government is signaling openness to a state-led option for Springfield Exploration and Production Limited’s (SEP) stake in the West Cape Three Points Block 2 (WCTP2), but any move will hinge on a credible, independent valuation. Energy authorities say the evaluation will determine whether a government-backed takeover…
-
TotalEnergies Accused of Complicity in War Crimes Over Mozambique Gas Plant Massacre
Overview: A New Controversy Surrounding a Global Energy Giant French energy major TotalEnergies found itself at the center of a legal and diplomatic storm after a Paris prosecutor’s office formally accused the company of complicity in war crimes and torture. The charges stem from a massacre at a Mozambique gas plant, a case that first…
-
Nigeria joins $25m push to curb methane and super pollutants
New global effort targets methane and other super pollutants Nigeria has been selected as one of seven pioneer countries to benefit from an initial $25 million funding package under the Super Pollutant Country Action Accelerator. The global initiative is designed to accelerate action on methane and other super pollutants that contribute to climate change and…
-
Methane Cuts at COP Fall Short of 30% Target by 2030
Overview: Limited Gains, Large Gaps At the COP gathering, a new analysis shows that the international push to curb methane emissions is falling well short of what science and policy makers say is needed. The report estimates that the commitments currently on the table would translate into roughly an 8% cut in methane emissions by…
-
House Probes Oil Firms Over Failure to Fund Host Communities Development Trust Fund
Background of the Probe The Nigerian House of Representatives has ordered a comprehensive investigation into the persistent failure by oil and gas companies to remit the mandatory three per cent of their annual operating expenditure to the Host Communities Development Trust Fund (HCDTF). The directive comes amid concerns that the fund, designed to support development…
-
Battle to Buy MEG Energy: Key Events Shaping Canada’s Oil Sands Saga
Overview: A High-Stakes Fight for MEG Energy The contest to acquire MEG Energy, a major player in Canada’s oil sands, has evolved through a series of public maneuvers, boardroom decisions, and shareholder votes. As a vote by MEG Energy shareholders looms on Thursday, market analysts and industry observers are closely watching how the sequence of…
-
Sunoco Completes Cash-and-Stock Deal to Buy Parkland
Sunoco Finalizes Acquisition of Parkland in a Historic Energy Deal Sunoco LP has closed its long-anticipated acquisition of Parkland Corp., a deal that reshapes North America’s energy landscape. Valued at US$9.1 billion including assumed debt at the time of announcement in May, the cash-and-stock transaction represents a significant move for both companies as they align…
-
Economic hurdles could sink Woodside’s Browse gas project
The economic stakes behind Woodside’s Browse project Oil and gas giant Woodside has long eyed the Browse offshore gas fields off Western Australia as a potential game changer for Australia’s energy landscape. Yet as opposition to the project has largely focused on its environmental footprint—near Scott Reef, potential coral damage, and carbon emissions—another critical factor…