In a key step towards advancing methane transparency in Africa, NNPC Limited, Nigeria’s national energy company, has officially joined the Oil and Gas Methane Partnership (OGMP) 2.0. This milestone aligns with the company’s sustainability-focused strategy and its target of achieving net zero methane intensity by 2030. “As a leading National Oil Company (NOC), NNPC Limited […]

The European Bank for Reconstruction and Development (EBRD) is promoting renewable energy and low‑carbon technologies in Egypt by arranging a syndicated loan worth US$ 275 million for the construction and operation of the largest wind farm in Africa. The US$ 275 million syndicated loan to Suez Wind consists of a US$ 200 million A loan […]

The European Investment Bank (EIB) has announced its largest-ever investment in an African fund, committing $80 million in equity to the Pembani Remgro Infrastructure Fund II (PRIF II). The announcement highlights the EIB’s focus on climate action, job creation and supporting Africa’s energy and digital transitions. PRIF II will finance renewable energy, digital infrastructure and transportation projects across […]

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) hosted a delegation from the U.S. Department of State’s Bureau of Energy Resources and Deloitte to deepen collaboration on methane abatement, decarbonisation, and emissions management in Nigeria’s upstream operations. During the meeting, the Commission Chief Executive, NUPRC, Engr. Gbenga Komolafe emphasized the long-standing partnership between Nigeria and the […]

In line with its 2030 ambition to decarbonize the hydrogen used in its European refineries, TotalEnergies has joined forces with Air Liquide to produce renewable hydrogen at La Mède in southeast France. This new project complements the Masshylia project to produce green hydrogen by electrolysis led by TotalEnergies in partnership with ENGIE. These projects will reduce the La Mède biorefinery’s CO2 annual […]

Alcazar Energy Partners, a leading independent investor in renewable energy across growth markets, announces the signing of a Memorandum of Understanding (MoU) with the Egyptian Electricity Transmission Company (EETC) and the New and Renewable Energy Authority (NREA) for the development of a 2 GW onshore wind power project in Egypt. This collaboration reinforces Alcazar Energy […]

Baker Hughes, an energy technology company, and SOCAR announced the signing of a contract for an integrated gas recovery and hydrogen sulfide (H2S) removal system that will significantly reduce downstream flaring at SOCAR’s Heydar Aliyev Oil Refinery in Baku, Azerbaijan. The contract was signed at COP29 in Baku, in the presence of Baker Hughes Chairman and CEO Lorenzo Simonelli and SOCAR President Rovshan Najaf. Building on […]

The European Bank for Reconstruction and Development (EBRD) will take part in the 2024 United Nations Climate Change Conference (COP29) in Baku, Azerbaijan, affirming its role as a leader in financing climate action and mobilising private sector finance across its economies. In 2023 alone, the Bank provided over €6.5 billion in green financing, 50 per […]

Exxon Mobil Corporation has executed the largest offshore carbon dioxide (CO2) storage lease in the U.S. with the Texas General Land Office (GLO). The over 271,000-acre site complements the onshore CO2 storage portfolio ExxonMobil is developing, and further solidifies the U.S. Gulf Coast as a carbon capture and storage (CCS) leader. “This is yet another sign […]

Eni and the government agency Japan Organization for Metals and Energy Security (JOGMEC) have signed a Memorandum of Cooperation. The MoC aims to collaborate in the gas and LNG field to increase diversification of supply sources. The Memorandum aims to promote the role of gas and LNG in the energy transition pathway, emphasizing the importance […]