Year: 2023

OPEC

AEC Applauds Congo and Nigeria’s Commitment to Global Oil Industry Growth and Stability Through OPEC Cooperation

The Republic of Congo and Nigeria, Africa’s leading oil producers and members of the Organization of the Petroleum Exporting Countries (OPEC), have affirmed their commitment to efforts by OPEC and OPEC+ and its member countries to stabilize the global oil market in 2024 and beyond.  During the 36th OPEC and non-OPEC Ministerial Meeting held in […]
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Natural Gas Is Key to a Just African Energy Transition

It would be an understatement to say Tanzania’s Songo Songo gas field has been good for the country and its citizens. Since 2004, the project’s output has been put to work to benefit the Tanzanian economy, its domestic energy supply, energy costs, employment numbers, and the environment. With wells and a processing plant on Songo […]
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Whose ‘moment of truth’?

Vienna, Austria, 27 November 2023--Last week, the International Energy Agency (IEA) in its report ‘The Oil and Gas Industry in Net Zero Transitions’ stated that the oil and gas industry faces a ‘moment of truth’. The industry has been told that it must “choose between fueling the climate crisis or embracing the shift to clean energy”, against the backdrop of the IEA’s proposed normative net-zero scenario.
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