 | This article may be written from a fan's point of view, rather than a neutral point of view .(June 2022) |
African Energy Chamber (AEC) is an energy advocacy group based in South Africa, founded in 2018 by Nj Ayuk. [1] It is focused on legal issues related to oil and gas in African countries. [2] [3] [4]
| Founded | 2018 |
|---|---|
| Website | energychamber |
In 2021, the AEC organized African Energy Week (AEW), which aims at diminishing energy poverty in Africa. [5] [6]
In 2022, the AEC organized its second AEW in Cape Town, South Africa, where it launched a summit on hydrogen. [7] [8]
In March 2021, the AEC published its book, African Energy Road to Recovery: How the African Energy Industry Can Reshape Itself for a Post COVID-19 Comeback. [9] [10] The book outlined issues and potential solutions to oil and gas in African countries and described Africa's economic conditions during the COVID-19 pandemic. [11] [12]
The economy of Nigeria is a middle-income, mixed economy and emerging market with expanding manufacturing, financial, service, communications, technology, and entertainment sectors. It is ranked as the 39th-largest economy in the world in terms of nominal GDP, the largest in Africa and the 27th-largest in terms of purchasing power parity.
The Global Methane Initiative (GMI) is a voluntary, international partnership that brings together national governments, private sector entities, development banks, NGOs and other interested stakeholders in a collaborative effort to reduce methane gas emissions and advance methane recovery and use as a clean energy source. National governments are encouraged to join GMI as Partner Countries, while other non-State organizations may join GMI's extensive Project Network. As a public-private initiative, GMI creates an international platform to build capacity, development methane abatement strategies, engage in technology transfer, and remove political and economic barriers to project development for emissions reduction.
Eni S.p.A. is an Italian multinational energy company headquartered in Rome. One of the "supermajor" oil companies in the world, with a market capitalization of €48 billion, as of 31 December 2022. The Italian government owns a 30.33% golden share in the company, 4.37% held through the Ministry of Economy and Finance and 25.96% through the Cassa Depositi e Prestiti. The company is a component of the Euro Stoxx 50 stock market index.
The Oil and Natural Gas Corporation Limited (ONGC) is an Indian central public sector undertaking under the ownership of Ministry of Petroleum and Natural Gas, Government of India. The company is headquartered in New Delhi. ONGC was founded on 14 August 1956 by the Government of India. It is the largest government-owned-oil and gas explorer and producer in the country and produces around 70 percent of India's domestic production of crude oil and around 84 percent of natural gas. In November 2010, the Government of India conferred the Maharatna status to ONGC.
Consumer News and Business Channel Africa is an African pay television network launched on 1 June 2007. Founded by Rakesh Wahi and Zafar Siddiqi, the network is produced under license from CNBC International and is owned by Africa Business News. It is headquartered in Sandton, Johannesburg.
Benin is a coastal country located in the Gulf of Guinea in Western Africa, which is a resource rich region. Energy in Benin has a diverse energy mix and takes several forms including: solar, wind, hydropower, biomass, fossil resources, and mineral resources. Out of this energy mix, about 60% of energy comes from biomass. Benin is also dependent on energy imports from Ghana and Côte d'Ivoire. While power plants and other energy facilities were built in the 1950s and 1960s, the lack of investment has led to deterioration over time. Similarly, its location in the Gulf of Guinea has led to an attempt of oil production starting in the late 1980s. However, due to unprofitable operations, oil production halted in 1998.
The economy of the Western Cape in South Africa is dominated by the city of Cape Town, which accounted for 72% of the Western Cape's economic activity in 2016. The single largest contributor to the region's economy is the financial and business services sector, followed by manufacturing. Close to 30% of the gross regional product comes from foreign trade with agricultural products and wine dominating exports. High-tech industries, international call centres, fashion design, advertising and TV production are niche industries rapidly gaining in importance.
In 2018, Nigeria's primary energy consumption was about 155 Mtoe. Most of the energy comes from traditional biomass and waste, which accounted for 73.5% of total primary consumption in 2018. The rest is from fossil fuels (26.4%) and hydropower.
The Nigerian energy supply crisis refers to the ongoing failure of the Nigerian power sector to provide adequate electricity supply to domestic households and industrial producers despite a rapidly growing economy, some of the world's largest deposits of coal, oil, and gas and the country's status as Africa's largest oil producer. Currently, only 45% of Nigeria's population is connected to the energy grid whilst power supply difficulties are experienced around 85% of the time and almost nonexistent in certain regions. At best, average daily power supply is estimated at four hours, although several days can go by without any power at all. Neither power cuts nor restorations are announced, leading to calls for a load shedding schedule during the COVID-19 lockdowns to aid fair distribution and predictability.
Benedict Peters is an African billionaire businessman with extensive assets in the oil and gas and mining industries. He is the founder and CEO of Aiteo, Africa's largest indigenous oil producer, and Bravura Holdings, a vertically integrated mining company developing platinum, lithium, steel, copper, and gold assets in countries throughout Africa, including Ghana, Democratic Republic of Congo, Zambia, Nigeria, Zimbabwe, Namibia, Mozambique, Cote d'Ivoire, Sierra Leone, Guinea Bissau, Libya, Tanzania, and South Africa. His estimated net worth as of November 2014 was $2.7 billion. Ventures Africa ranked Peters as the 17th richest person in Africa and the seventh richest in Nigeria. He is a born again Christian and a prominent financier of the gospel of Jesus Christ.
Aiteo is Africa’s largest privately-owned integrated energy company. It is involved in various aspects of the energy sector, including oil and gas exploration, production, refining, and marketing. Aiteo operates in West and Southern Africa.
Africa Finance Corporation (AFC) is a pan-African Multilateral Development Financial Institution established in 2007 by sovereign African states to provide pragmatic solutions to Africa's infrastructure deficit and challenging operating environment. The Corporation bridges the infrastructure investment gap through the provision of debt and equity finance, project development, technical and financial advisory services.
Wofai Samuel is an international communications executive and media personality from Nigeria.
Caritas Communications Limited is a public relations firm headquartered in the Nigeria's commercial city of Lagos and Abuja. Its major clients are in the energy, oil and gas sector. The agency has three subsidiaries which include Caritas PR, Caritas Communications and Caritas Digital, controlled by the parent company, First Caritas Investments Limited
Ogutu Okudo, is a Kenyan oil and energy executive who serves as a Board Director at the National Oil Corporation of Kenya. She is also the Kenya country manager for SpringRock Group, an African upstream oil development company headquartered in Lagos, Nigeria. She concurrently serves as an energy consultant to the Kenya's Ministry of Petroleum and Mining. In addition, she is the Founder and CEO of the social enterprise, Women in Energy and Extractives Africa.
Green recovery packages are proposed environmental, regulatory, and fiscal reforms to rebuild prosperity in the wake of an economic crisis, such as the COVID-19 pandemic or the Global Financial Crisis (GFC). They pertain to fiscal measures that intend to recover economic growth while also positively benefitting the environment, including measures for renewable energy, efficient energy use, nature-based solutions, sustainable transport, green innovation and green jobs, amongst others.
Gabriel Mbega Obiang Lima is an Equatorial Guinean politician who has served as Minister of Finance, Economy and Planning since february 2023. He previously served as Minister of Mines and Hydrocarbons of Equatorial Guinea.
Adaku Ufere is a Nigerian energy professional and an international oil and gas, gender and development lawyer. She is the current Chief of Party of the USAID-funded Power Africa West Africa Energy Program in Accra, Ghana. She also founded Energy & Gender consulting firm DAX Consult
Billions at play: The Future of African Energyand Doing Deals is a book by Nj Ayuk, an attorney and entrepreneur. The book discuses the nature of African oil and gas where it highlighted the present situations and ways to developing and enhancing energy resources in African countries, expanding relationship and negotiation to other developed countries in the world. The book foreword was written by OPEC Secretary-General, H.E. Mohammad Sanusi Barkindo.
Nj Ayuk is a Cameroonian attorney, author, and businessman.