Morocco’s competition regulator fines fuel companies $180m/in /by
<p><img src="https://biz-file.com/c/2311/720571-208x117.jpg?2" width="208" height="117" alt="Image source: scyther5 –" align="left"><br><span >Image source: scyther5 – [[www.123rf.com 123RF.com]]&lt;/span><p>Morocco's competition council said on Thursday, 23 November, it had fined the nine fuel companies operating in the country 1.84 billion dirhams ($180m) because of non-compliance with free competition rules and price fixing.</p><br> <a href="https://www.bizcommunity.com/Article/145/739/244075.html">Read more...</a> | <a href="https://www.bizcommunity.com/SendToFriend.aspx?l=145&c=739&ct=1&ci=244075">Send to a friend</a></p><div style="clear:left"></div>
TotalEnergies says Nigeria Egina offshore oil spill is under control/in /by
<p><img src="https://biz-file.com/c/2311/720381-208x117.jpg?5" width="208" height="117" alt="The massive (330m x 61m x 33.5m) Egina Floating Production Storage and Offloading (FPSO) vessel is a spread moored FPSO connected through a subsea production system to 44 wells (21 oil producers and 23 water injectors) via umbilicals, flow lines and risers. Source: TotalEnergies" align="left"><br><span >The massive (330m x 61m x 33.5m) Egina Floating Production Storage and Offloading (FPSO) vessel is a spread moored FPSO connected through a subsea production system to 44 wells (21 oil producers and 23 water injectors) via umbilicals, flow lines and risers. Source: TotalEnergies&lt;/span><p>Nigerian authorities are closely monitoring and working to contain an oil spill that occurred during loading operations at the TotalEnergies operated Egina field on 15 November, the maritime agency said on Wednesday.</p><br> <a href="https://www.bizcommunity.com/Article/196/834/244037.html">Read more...</a> | <a href="https://www.bizcommunity.com/SendToFriend.aspx?l=196&c=834&ct=1&ci=244037">Send to a friend</a></p><div style="clear:left"></div>
African Energy Chamber predicts ‘relative calm’ market/in /by
<p><img src="https://biz-file.com/c/2311/720012-208x117.jpg?5" width="208" height="117" alt="African Energy Chamber predicts 'relative calm' market" align="left"><p>Six months after the World Health Organisation (WHO) declared COVID-19 is no longer a health emergency, it&#x2019;s still difficult to fully grasp the far-reaching damage the pandemic has inflicted, from the tremendous toll on lives to economic devastation. The chaos certainly was felt in the oil industry, which saw record distortions during the pandemic era, especially its first few months.</p><br> <a href="https://www.bizcommunity.com/Article/196/834/243940.html">Read more...</a> | <a href="https://www.bizcommunity.com/SendToFriend.aspx?l=196&c=834&ct=1&ci=243940">Send to a friend</a></p><div style="clear:left"></div>
MV Switchgear secures new contract for Kamoa-Kakula copper mine/in /by
<p><img src="https://biz-file.com/c/2311/720011-208x117.jpg?5" width="208" height="117" alt="MV Switchgear awarded new contracts. Source: Supplied." align="left"><br><span >MV Switchgear awarded new contracts. Source: Supplied.&lt;/span><p>MV Switchgear completed two significant projects over the past two years. These projects involved the manufacture, supply, and installation of numerous air-insulated switchgear (AIS) panels for 11kV substations at the expansive new Kamoa-Kakula copper mine in the Democratic Republic of Congo (DRC). The company produced and supplied a total of 233 of its renowned SBV4E brand of AIS switchgear panels to equip both surface and underground substations at the new mine. This included 140 panels for eight surface substations and 93 panels for five underground substations.</p><br> <a href="https://www.bizcommunity.com/Article/196/608/243939.html">Read more...</a> | <a href="https://www.bizcommunity.com/SendToFriend.aspx?l=196&c=608&ct=1&ci=243939">Send to a friend</a></p><div style="clear:left"></div>
Ghana ponders sliding scale oil royalties to stimulate investment/in /by
<p><img src="https://biz-file.com/c/2311/719681-208x117.jpg?7" width="208" height="117" alt="Egbert Faibille Jr delivered a public lecture on Ghana's energy sector at the University of Ghana 75-year anniversary in January. Source: x.com" align="left"><br><span >Egbert Faibille Jr delivered a public lecture on Ghana's energy sector at the University of Ghana 75-year anniversary in January. Source: x.com&lt;/span><p>Ghana plans to introduce a more flexible oil royalties regime as soon as next year to spur investment and reduce risk for energy companies, the head of the state oil sector regulator said on Thursday.</p><br> <a href="https://www.bizcommunity.com/Article/196/693/243862.html">Read more...</a> | <a href="https://www.bizcommunity.com/SendToFriend.aspx?l=196&c=693&ct=1&ci=243862">Send to a friend</a></p><div style="clear:left"></div>
#IATF2023: Afreximbank secures over $1bn in trade and investment deals/in /by
<p><img src="https://biz-file.com/c/2311/719452-208x117.jpg?5" width="208" height="117" alt="Source:" align="left"><br><span >Source: [[https://www.pexels.com/search/sign%20deal/ Pexels]]&lt;/span><p>Intra-African Trade Fair (IATF2023) attendees have witnessed the signing of financing and other agreements exceeding $1bn between the African Export-Import Bank (Afreximbank) and various leading business entities from across the continent.</p><br> <a href="https://www.bizcommunity.com/Article/410/516/243807.html">Read more...</a> | <a href="https://www.bizcommunity.com/SendToFriend.aspx?l=410&c=516&ct=1&ci=243807">Send to a friend</a></p><div style="clear:left"></div>
Eskom launches Africa’s largest battery storage system/in /by
<p><img src="https://biz-file.com/c/2311/719040-208x117.jpg?5" width="208" height="117" alt="Eskom's Hex battery energy storage system is the biggest in Africa. Source: Eskom" align="left"><br><span >Eskom's Hex battery energy storage system is the biggest in Africa. Source: Eskom&lt;/span><p>Eskom on Friday launched the largest Battery Energy Storage System (BESS) project in Africa, marking a significant stride in the continent's energy sector. The Hex BESS site, located in Worcester, is the first completed project under Eskom's flagship BESS initiative, announced in July 2022. This initiative is a direct response to the urgent need to address South Africa's long-standing electricity crisis and aims to bolster the national electricity grid and diversify the existing energy mix. The project utilises large-scale utility batteries with a daily capacity of 1,440MWh and a 60MW PV capacity.</p><br> <a href="https://www.bizcommunity.com/Article/196/693/243696.html">Read more...</a> | <a href="https://www.bizcommunity.com/SendToFriend.aspx?l=196&c=693&ct=1&ci=243696">Send to a friend</a></p><div style="clear:left"></div>
Saudi Arabia signs deal with Nigeria on sidelines of Saudi-Africa summit/in /by
<p><img src="https://biz-file.com/c/2311/719039-208x117.jpg?5" width="208" height="117" alt="Nigeria's President Bola Tinubu looks on after his swearing-in ceremony in Abuja. Source: Reuters/Temilade Adelaja" align="left"><br><span >Nigeria's President Bola Tinubu looks on after his swearing-in ceremony in Abuja. Source: Reuters/Temilade Adelaja&lt;/span><p>Nigeria and Saudi Arabia on Friday agreed to a series of investment and cooperation deals, including a pledge by the Saudi government to invest in the revamp of Nigeria's oil refineries and provide financial support to sustain the government's foreign-exchange reforms.</p><br> <a href="https://www.bizcommunity.com/Article/196/834/243695.html">Read more...</a> | <a href="https://www.bizcommunity.com/SendToFriend.aspx?l=196&c=834&ct=1&ci=243695">Send to a friend</a></p><div style="clear:left"></div>
Israel conflict harms Egypt LNG export outlook/in /by
<p><img src="https://biz-file.com/c/2311/718773-208x117.jpg?5" width="208" height="117" alt="A view of a gas plant seen from the desert road of Suez outside Cairo. Source: Reuters/Amr Abdallah Dalsh" align="left"><br><span >A view of a gas plant seen from the desert road of Suez outside Cairo. Source: Reuters/Amr Abdallah Dalsh&lt;/span><p>The prospect of the EU receiving more liquefied natural gas (LNG) from Egypt in the short and medium term looks unachievable due to tight gas balances and reduced imports form Israel, Oxford Institute of Energy Studies (OIES) said.</p><br> <a href="https://www.bizcommunity.com/Article/196/834/243622.html">Read more...</a> | <a href="https://www.bizcommunity.com/SendToFriend.aspx?l=196&c=834&ct=1&ci=243622">Send to a friend</a></p><div style="clear:left"></div>
Nigeria oil industry turns a corner, introduces new Nembe grade/in /by
<p><img src="https://biz-file.com/c/2311/718772-208x117.jpg?5" width="208" height="117" alt="The new logo of the privatised Nigeria oil company is seen at the NNPC Mega Gas Station in Abuja. Source: Reuters/Afolabi Sotunde" align="left"><br><span >The new logo of the privatised Nigeria oil company is seen at the NNPC Mega Gas Station in Abuja. Source: Reuters/Afolabi Sotunde&lt;/span><p>Nigeria's NNPC and Aiteo have launched a new grade of crude called Nembe through a joint venture, as Africa's largest oil producer ramps up its oil output.</p><br> <a href="https://www.bizcommunity.com/Article/196/834/243621.html">Read more...</a> | <a href="https://www.bizcommunity.com/SendToFriend.aspx?l=196&c=834&ct=1&ci=243621">Send to a friend</a></p><div style="clear:left"></div>