Ghana: Minister Urges Electricity Users To Cooperate With ECG, NEDCo

Ghana’s Minister for Energy, John-Peter Amewu has urged consumers of electricity in the West African nation to cooperate with the power distribution companies- Electricity Company of Ghana and Northern Electricity Distribution Company-as they are working to replace some obsolete equipment in all their operational areas. The replacement of the obsolete equipment has become necessary because they cause power interruptions. The exercise is likely to result in pockets of outages in some areas. ECG provides electricity to the southern parts of the West African nation while NEDCo serves the northern part of the country. A statement signed by the Managing Director of ECG, Kwame Agyeman-Budu, said: “In undertaking these system improvement works, some will require local outages to create a safe working environment. “The company will, therefore, ensure that affected customers are informed accordingly. We entreat our customers and the general public to report all faults to our customer service center on 0302-611611 or via the Company’s official social media handles (@ecgghofficial),” the statement concluded. Speaking to the media in Tema after commissioning a 330 kV/161 kV interconnection auto transformer funded by GRIDCo and Sunon Asogli Power (Ghana) Limited, Mr Amewu said the exercise is in the interest of the country and urged all consumers to cooperate. According to him, the completion of the exercise will end the interruptions in power supply across the country.         Source: www.energynewsafrica.com

Ghana: TOR Workers Give President Marking Scheme For New MD

Some concerned workers of Ghana’s only refinery, Tema Oil Refinery (TOR), have given President Nana Akufo-Addo some guidelines to consider for the appointment of a new Managing Director of the company. The workers want the President to consider someone who is an entrepreneur/innovator, business oriented, have strong financial background, have international and local links, ability to listen and respectful, moderately young and knowledgeable in the oil and gas sector and someone who believe in ‘Ghana Beyond Aid’ agenda. In their view, a person with these aptitudes would help to position the national assets. The concerned workers’ call follows the resignation of Mr Asante K. Berko, who is being dragged to the U.S District Court Eastern District of New York for allegedly paying bribes to Ghanaian officials to secure power project for a client when he was an executive staff of Goldman Sachs. Sources within the refinery indicates that Mr Ato Morrison, General Manager in-charge of Technical Services has been asked to act until a substantive MD is appointed.       Source: www.energynewsafrica.com

COVID-19 Increases Risk For UK’s Energy Sector While India Remains Stable

GlobalData has released two new reports exploring the impact of COVID-19 on the energy sector in the UK and in India. In India, the research company expects COVID-19 to have a minimum impact on the country’s renewable energy industry. The disruption on logistics and supply chain of the Coronavirus is expected to remain low. Recently, India’s Ministry of New and Renewable Energy announced that clean energy projects have not been affected by the falling electricity demand following a nationwide lockdown. “In case of solar PV, India has the option of turning to domestic manufacturers for PV modules in a scenario where the supply from foreign manufacturers becomes a hurdle. This would boost the morale of the domestic manufacturers and minimize the damage caused to the sector. “Although countries like Australia expect to have a significant drop in the number of fresh monthly installation, India does not expect any such major impacts to come its way after the lockdown period comes to an end,” concludes Das. India’s solar sector supporting COVID-19 response According to GlobalData, India’s silicon PV manufacturer Central Electronics plans to put together its technical expertise to ramp-up the production of ICU ventilators in response to the COVID-19 pandemic. Somik Das, Senior Power Analyst at GlobalData, comments: “Ventilator shortage has been an issue that the government has been closely monitoring, and several steps are being taken to ensure hospitals are well equipped and face no shortage of ventilators that are essential in managing the critical COVID-19 patients.” The data shows there are only 8,432 ventilators in the public sector in India. The scarcity is mostly present in the major pandemic hit areas. For instance, Mumbai has 800 to 1,000 ventilators, while states such as Tamil Nadu and Madhya Pradesh have 1,500 and 1,800, respectively. Hence, it is clear that other manufacturing entities, from other sectors, need to join hands and repurpose their pipeline schedules to help the nation with the supply of this medical equipment. Das concludes: “Central Electronics joins a growing list of solar companies, like Tesla Solar, that is now venturing into the development of ventilators to help fight back against the COVID-19 pandemic.” UK energy market uncertain In the UK, however, the research firm highlights how changes in energy demand patterns are encouraging uncertainty in the UK’s energy sector as residential demand increases whilst commercial and industrial sectors reduce slightly. The commercial and industrial sectors are only expected to reduce their demand heavily in the event that employees continue to work remotely for another two months, according to National Grid Electricity System Operator. The increased consumption in the residential sector would not be able to offset the reduction in the consumption in industrial and commercial sectors. This would eventually lead to a drop in electricity prices. Somik Das, Senior Power Analyst at GlobalData, comments: “With schools, hospitals and offices in lockdown, the UK’s dependable power grid should have minimal challenges to cater to the residential sector where the demand is expected to spike. “Renewable energy developers pondering over the COVID-19 economic uncertainty will resort to short-term fixed power purchase agreements (PPAs) and such PPAs will ensure price certainty and protection. “As long as the UK avoids reductions in basic fuel supply, and staff at power stations do not collectively fall ill, there is little to worry about. However, if maintenance regimes are not met at individual plants, there is a risk some may have to be shut down. As the nation lives through the pandemic, it is stringent on not letting the focus shift from boosting renewables.”         Source:www.energynewsafrica.com

Christine Roche On Completing The Acquisition Of 3D Seismic On Angola’s Kwanza Shelf (Interview)

Following a recent announcement from PGS that they had completed the acquisition of 3D seismic on Angola’s Kwanza shelf, we spoke with Christine Roche, New Ventures Manager (and regular AOW speaker!). Christine has worked with PGS for 6 years building wide-ranging experience in New Ventures and Basin Studies. She has significant exposure to large 2D and 3D MultiClient projects used for frontier exploration and in mature producing basins with a special focus on Congo, Angola and Gabon. She works on identifying and developing new opportunities and projects within the New Ventures team. She uses combination of her geoscience background and business development and client relationship experience to build the PGS data library.
Total GeoStreamer coverage in blocks 6, 7 and 8 and the surrounding areas of the Kwanza Shelf is now 8300km2. How long did it take PGS to undertake this work? Were you involved from the very beginning? PGS undertook the initial phase of acquisition of the Kwanza Shelf survey in 2019, and it we completed the acquisition earlier this year, following some special mitigations for shallow water operations. I came in to this role mid-2019, after the initial acquisition, but have enjoyed taking on the task, managing progress, working with the imaging team and preparing for data delivery. Were there any unexpected challenges you encountered during this survey? If so, how did you manage to resolve them? Preparation for all operations is critical, especially in an area where there has been no recent seismic activity or nothing as large-scale. PGS has been operating in Angola for over 20 years and we worked closely with ANPG, pooling our combined knowledge to mitigate against most challenges. We worked closely with local fishing communities and we are most grateful to them for their cooperation. What implications does the latest Kwanza Shelf survey have for the Angolan 2021 License Round? The latest Kwanza Shelf survey will provide key data for ANPG planned License Round in 2021. The combination of the latest 3D GeoStreamer technology with modern imaging techniques will unlock plays in shallow Kwanza Shelf open blocks. The fast-track data, which is now available, has shown significant uplift compared to any older data and improved our understanding of the prospectivity of the shelfal area. While evaluating the new data in the open blocks we see some very promising potential! Is there anything else around the survey that you’d like to share? Geological understanding of the Angolan basins significantly improves as we map more reliable attributes extracted from GeoStreamer broadband data. The Kwanza Shelf survey fits into an Angola data library that is constantly expanding from the Lower Congo Basin in the north to the Namibe Basin in the south. Our latest Angola HotSpot explains where we expect to see opportunities for new super-giant fields offshore Angola. Are there any other projects in the pipeline that you’re excited about? We are always looking out for new opportunities and re-evaluating projects which were not pursued in the past. Advances in imaging and engineering have opened up new exploration targets that may have been previously overlooked. I’m working on a few exciting new opportunities which rely on integrating skills groups within PGS to deliver new technology tailored data where it is needed. How do you think the COVID-19 pandemic will affect oil and gas projects in Gabon, Angola and the Congo (your focus countries), both immediately and in the longer term? The COVID-19 pandemic combined with a drop in demand for oil and gas has certainly had an impact on the industry as a whole. In the short term, operations have become more complex and remote working is presenting new challenges, but as an industry we are good at managing complexity. With scheduled license rounds and ongoing development in the region, I remain positive about projects in the longer term. The industry has always been highly adaptive and resilient. The more mature and developed regions of West Africa host critical infrastructure to enable continued, consistent production and development, compared to some of the more frontier areas of the continent. However, the current situation could certainly be damaging for countries in Africa and industry support and initiatives will be needed to avoid any decrease of activity caused by weak growth and investment.         Source: Africa Oil Week  

ExxonMobil Begins Sanitizer Production In Louisiana To Support Combat Against COVID-19

U.S. oil supermajor ExxonMobil says it had reconfigured its chemical plant at Baton Rouge, Louisiana, into a facility to make medical-grade sanitizer which will be donated to COVID-19 response efforts in Louisiana, New Jersey, New Mexico, New York, Pennsylvania, and Texas. Exxon has modified the manufacturing equipment at its chemical plant in the Baton Rouge area to produce, blend, package, and distribute sanitizer. The company will be distributing the initial production of 160,000 gallons of medical grade sanitizer – enough to fill nearly 5 million 4-ounce bottles – to medical providers and first responders. Exxon has boosted its monthly production of the key ingredient in sanitizer- isopropyl alcohol—by around 3,000 tons at its chemical manufacturing facility in Baton Rouge. To produce, package and distribute hand sanitizer, the company has bought additional ingredients and modified equipment in Baton Rouge and at a lubricants plant in nearby Port Allen, Louisiana. Earlier this month, Exxon said that it had boosted production of critical raw materials for masks, gowns, and hand sanitizer used by medical professionals and first responders. While it increases production of sanitizer, Exxon is axing capital expenditure for this year by $10 billion in response to the oil demand and oil price collapse. The most significant reductions will take place in the Permian Basin. Exxon’s capital investments for 2020 are now expected to be 30 percent lower, at around $23 billion, down from the previously announced capex of some $33 billion. As the world now needs more sanitizer than oil, international oil majors are taking part in the fight against the pandemic with donations and with increased production of chemical substances and raw materials for critical components of personal protective equipment (PPE). Royal Dutch Shell, Total, BP, Exxon, Chevron, and Eni are helping with donations, research, and production of PPE.       Source: www.energynewsafrica.com

Ghana: Energy Minister Commissions $5.3million 330kV/161 kV Auto Transformer Project At Kpone

Ghana’s Minister for Energy, John-Peter Amewu has commissioned a $ 5.3 million 330kV/161kV interconnection auto transformer at Sunon Asogli Power (Ghana) Limited  at Kpone, near Tema, in the Greater Accra Region. The project was funded by Ghana Grid Company (GRIDCo) and Sunon Asogli Power (Ghana) Limited. GRIDCo contributed $3.3 million while Sunon Asogli Power invested close to US$2 million to cater for the remaining cost of the project. The project involves installation of a 200MVA auto transformer to facilitate evacuation of about 120MVA additional generation capacity from the Sunon Asogli power plant into the grid. The new equipment will provide flexibility in system operation by enabling power transfer between the 161kV and 330kV networks, thereby, ensuring stable and reliable transmission of power. The project will further make about 1500GWh of electricity available per year to the Ghanaian national grid. Delivering a speech to commission the project, Energy Minister John-Peter Amewu noted that the project has been borne out of a necessity. According to him, the West African nation has gotten to a stage where temporary power outages cannot be tolerated. This, he said, places huge responsibility on managers of the sector to ensure that the lights are kept on at all times. He said the project is one of the measures that has been put in place to ensure reliable and continuous power supply. The Chief Executive Officer of Ghana Grid Company, Ing. Jonathan Amoako-Baah said:“Our commitment to maintaining a stable electricity grid has received a further boost with the completion of this project. We applaud the collaborative effort of Sunon Asogli in making this a reality. This is, once again, a testament to how a collective resolve by both our Senior Management, staff and key stakeholders can elevate our operations and transform Ghana’s power sector.” On his part, Chairman of Sunon Asogli Power, Yang Qun said: “We are excited to be part of this project, which will ultimately support measures by the Ghana government to ensure sustainable and reliable power transmission in the country and across to neighbouring countries.”           Source: www.energynewsafrica.com

South Africa: Sasol Slashes Management Salaries In Bid To Protect Balance Sheet

South Africa-based oil and gas firm, Sasol has announced a range of salary cuts across its management level as the company navigates the impact of Covid-19, which has seen its share price tumble to record lows. The company will cut the salaries of group executive committee and senior leadership members by 20%, and of middle and junior managers by between 10% and 15%. “Salary sacrifices are planned for 8 months, however the duration of the temporary measures will be reassessed against the progress we make towards our savings targets,” the company said in an update to shareholders on Thursday.  No salary increases will be received in 2020. “These measures are necessary to help protect the company’s balance sheet and liquidity until at least the end of financial year 2021.” The pay cuts include the group’s CEO, who will donate a 33% of his pay to Solidarity Fund for three months. This will be followed by a further 20% pay cut for the following five months. The petrochemicals giant has been heavily impacted by the global economic meltdown caused by Covid 19, which has slowed demand for oil and caused its share price to plunge. The company now expects a loss of up to $100 million from its Lake Charles Chemical Project for the 2020 financial year due to weak oil prices. The project, located in Louisiana in the US, has been a major source of financial challenges for the company, including rising development costs which have reached $13 billion, almost double initial budgeted projections. “While we are making good progress on our target, the low oil price and impacts of COVID-19, and in particular the national lockdown in South Africa, has led to a steep decline in fuels demand,” Sasol President and Chief Executive Officer Fleetwood Grobler said. “Given our assessment of the market and current developments, we are implementing further measures to increase cash conservation during this period,” he added.         Source:www.energynewsafrica.com    

Ghana: Director Of Sunon Asogli Power Donates GHC 50,000 To Support Fight Against CSM

Founder and Director of Sunon Asogli Power Ghana Limited, an independent power producer in the Republic of Ghana, Togbe Afede XIV has donated a cash amount of GHC 50,000 to the Upper West Regional Hospital to support the fight against Cerebrospinal meningitis (CSM). Kuoro Richard Babini Kanton IV, President of the Upper West Regional House of Chiefs in a brief remarks on behalf of Togbe Afede XIV indicated that, recent television footage and news coverage of CSM which has been wreaking havoc in the Upper West Region, has sent shivers down his spine. He stated that, as the nation is busily battling with the COVID-19 pandemic with all the energy and resources, same must be done to fight CSM. According to Kuoro Richard Babini IV, GHC 30,000.00 will serve as seed money for the establishment of a fund to support local research towards the development of a vaccine for the treatment of CSM. He added that GHC 20,000 will go into the procurement of emergency medical supplies to support the delivery of quality and timely services to patients receiving treatment for suspected CSM cases. The Regional Director of Health Services Dr Afreh Osei Kuffuor who received the cash donation on behalf of the Regional Minister in a short ceremony at the Upper West Regional Hospital, thanked the President of the National House of Chiefs for the support in the fight against CSM . He noted that several calls has been sent out for philanthropies to come to the aid of the region to combat the menace. Dr Afreh said he was happy the President of the National House of Chiefs came to the rescue of the Regional Hospital and assured that the money would be used for the intended purpose.     Source:www.energynewsafrica.com      

Kosmos Energy Gets Delisting Warning From NYSE

U.S.-based oil and gas company Kosmos Energy has been given a continued listing standard notice from the New York Stock Exchange (NYSE). Kosmos said on Thursday that it had received a formal notice from the NYSE on 20 April 2020 because the average closing price of the company’s common stock was below $1 per share over a 30-consecutive trading day period, which is the minimum average share price required to maintain the listing on the NYSE. The company has notified the NYSE of its intention to return to compliance with the NYSE listing requirements within the six-month cure period. Under the NYSE rules, Kosmos can regain compliance at any time during the six-month cure period if, on the last trading day of any calendar month during the cure period, its common stock has a closing share price of at least $1 and an average closing share price of at least $1.00 over the 30 trading-day period ending on the last trading day of that month. According to the company, it is considering options to regain compliance one of which may include a reverse stock split, if necessary. During the cure period, Kosmos’ shares of common stock will continue to trade on the NYSE. Kosmos added that the NYSE notification had no effect on its ongoing business operations or its Securities and Exchange Commission reporting requirements, nor did it trigger any violation of its debt obligations. Apart from the listing notice, Kosmos has made several noteworthy announcements in the past few weeks. Namely, it stated in mid-March that it had decided to reduce its capital and operational expenditures as well as administrative costs, and suspend the dividend in response to the current market price volatility. Then, earlier this month, the company said that the coronavirus impact on time-critical work streams resulted in the delay of the Greater Tortue Ahmeyim LNG project. Kosmos said at the time that Phase 1 of the project would be delayed by an expected twelve months with first gas from the project now expected in the first half of 2023. Kosmos is not the first company to get a listing notice from NYSE since the end of 2019. Before Kosmos, notices were given to companies such as McDermott, Noble Corporation, Seadrill, Pacific Drilling and Valaries.       Source:www.energynewsafrica.com

Uganda: Tullow Sells Oil Stake To Total For $575m

Africa focused oil and gas firm, Tullow Oil plc, says Total has agreed to buy its entire stake in their joint onshore oil fields in Uganda for $575 million as part of its target to raise $1 billion this year to tackle its $2.8 billion debt pile. Tullow, whose shares have shed around 90% since last April and whose market capitalisation was around $285 million on Wednesday, will receive $500 million in cash and $75 million once a final investment decision is reached on the project, it said on Thursday. An agreement on a tax issue with the Ugandan authorities, which had delayed the sale of a smaller stake in the project to Total for months, has been reached in principle, Tullow said. The deal depends on the two companies signing a final tax agreement with the Ugandan authorities and a green light from Tullow’s shareholders. It expects the deal to close in the second half of the year. “We are pleased to announce that a new agreement has been reached with Tullow … for less than $2 a barrel in line with our strategy of acquiring long-term resources at low cost, and that we have an agreement with the Uganda government on the fiscal framework,” Total Chief Patrick Pouyanne said in a statement. The third partner in the 230,000 barrel per day project, China’s CNOOC, has pre-emption rights for half of the stake to be sold to Total. Money from the sale will be used “to reduce Tullow’s net debt, strengthening the balance sheet and moving Tullow towards a more conservative capital structure,” the company said. “Tullow has consulted with shareholders holding approximately 27.5% in aggregate of Tullow’s issued share capital and is pleased to report that they have indicated their support for the Transaction,” it added. Commenting on the deal, Executive Chairman of the African Energy Chamber NJ Ayuk, said: “This deal shows a lot of foresight to make an acquisition of this nature for such an amazing but reasonable price. The resolution of disputes that paved an opening for this deal should be commended. President Museveni, Tullow Oil and Total understood that being proactive and making concessions is good for Uganda, jobs, contracts for locals and regional growth”. “The proposed Uganda/Tanzania pipeline (East Africa Crude Oil Pipeline) in itself will not only lead to additional jobs being created, it will also render the entire country viable as a major oil frontier. It is a big win for the local and regional oil and gas industry and propels the East Africa region in playing a role in helping the energy sector rebound,” Elizabeth Rogo, President of the Africa Energy Chamber for East Africa stated.       Source:www.energynewsafrica.com

Ghana: Ex-TOR MD Bribery Allegation: We’ll Cooperate With U.S Authorities –Aksa Energy

AKSA Enerji, a Turkish independent power producer, says it is ready to cooperate with the Securities & Exchange Commission (SEC) and other relevant authorities in the United States of America (USA) in their quest to establish the truth or otherwise of the bribery allegation against Mr Asante K. Berko, a former executive of Goldman Sachs. Although the company said it is not directly involved in the ongoing proceedings at the U.S District Court Eastern District of New York, it said it is ready to cooperate to bring a speedy resolution of the case. “The requested information and documentation has been shared with the relevant authorities in 2017. Our Company is ready to cooperate with the relevant U.S authorities and share all documents and information as before to help the investigation and bring the case to a speedy conclusion,” Cengiz Dalkilic, Corporate Partner at Aksa Enerji said in an email response to energynewsafrica.com. Aksa Energji, in 2015, began processes to build a power plant in the Republic of Ghana during the erstwhile John Mahama-led National Democratic Congress administration. However, Mr Asante K. Berko, a former executive staff of Goldman Sachs and immediate past Managing Director of Tema Oil Refinery (TOR), who facilitated financial deal for Aksa Enerji, is being accused of paying bribes to Ghanaian officials including Members of Parliament, to secure a power project for Aksa Enerji. Aksa currently operates 370MW power plant in Kpone, a suburb of Tema, in the Greater Accra Region. The action of Mr Asante Berko is said to be in sharp contrast with US Foreign Corrupt Practices Act of 1977. “From approximately 2015 through at least 2016 (the “relevant period”), while employed at the Subsidiary [Goldman Sachs Group Inc], Berko schemed to bribe various government officials in the Republic of Ghana (“Ghana”) so that a client of the subsidiary, a Turkish Energy Company (the “Energy Company”), would win a contract (the “Power Purchase Agreement”) to build and operate an electrical power plant in Ghana and sell the power to the Ghanaian government (the “Power Plant Project” or “Project”),” a portion of a 37-page court document said. Mr Berko reportedly arranged for the energy company to funnel between $3 million to $4.5 million to a Ghana-based intermediary company “to bribe various government officials responsible for approving the Power Plant Project.” The energy company is said to have transferred, at least, $2.5 million of the planned $3 million to $4.5 million to the intermediary company.       Source: www.energynewsafrica.com

IRENA Report Identifies Opportunities For Energy Transformation 2050

Advancing the renewables-based energy transformation is an opportunity to meet international climate goals while boosting economic growth, creating millions of jobs and improving human welfare by 2050. These are the findings of the first Global Renewables Outlook released by the International Renewable Energy Agency (IRENA) this week. IRENA’s Director-General Francesco La Camera said: “Governments are facing a difficult task of bringing the health emergency under control while introducing major stimulus and recovery measures. The crisis has exposed deeply embedded vulnerabilities of the current system. IRENA’s Outlook shows the ways to build more sustainable, equitable and resilient economies by aligning short-term recovery efforts with the medium-and long-term objectives of the Paris Agreement and the UN Sustainable Development Agenda.” “By accelerating renewables and making the energy transition an integral part of the wider recovery, governments can achieve multiple economic and social objectives in the pursuit of a resilient future that leaves nobody behind.” According to IRENA’s Outlook report, while a pathway to deeper decarbonisation requires total energy investment up to $130 trillion, the socio-economic gains of such an investment would be massive. Transforming the energy system could boost cumulative global GDP gains above business-as-usual by $98 trillion between now and 2050. It would nearly quadruple renewable energy jobs to 42 million, expand employment in energy efficiency to 21 million and add 15 million in system flexibility. The Global Renewables Outlook examines building blocks of an energy system along with investment strategies and policy frameworks needed to manage the transition. It explores ways to cut global CO2 emissions by at least 70% by 2050. Furthermore, a new perspective on deeper decarbonisation shows a path towards net-zero and zero emissions. Building on five technology pillars, particularly green hydrogen and extended end-use electrification could help replace fossil-fuels and slash emissions in heavy industry and hard-to-decarbonise sectors. Low-carbon investment would significantly pay off, the Outlook shows, with savings eight times more than costs when accounting for reduced health and environmental externalities. A climate-safe path would require cumulative energy investments of $110 trillion by 2050 but achieving full carbon neutrality would add another $20 trillion. The Outlook also looked at energy and socio-economic transition paths in 10 regions worldwide. Despite varied paths, all regions are expected to see higher shares of renewable energy use, with Southeast Asia, Latin America, the European Union and Sub-Saharan Africa poised to reach 70-80% shares in their total energy mixes by 2050. Similarly, electrification of end uses like heat and transport would rise everywhere, exceeding 50% in East Asia, North America and much of Europe. All regions would also significantly increase their welfare and witness net job gains in the energy sector despite losses in fossil fuels. However, economy-wide, regional job gains are distributed unevenly. While regional GDP growth would show considerable variation, most regions could expect gains. Raising regional and country-level ambitions will be crucial to meet interlinked energy and climate objectives and harvest socio-economic welfare. Stronger coordination on international, regional and domestic levels will be equally important, the Outlook concludes, with financial support being directed where needed including to the most vulnerable countries and communities. As partner of the Climate Investment Platform, launched to drive clean energy uptake and mobilise clean investment, IRENA will advance collaborative action targeted to help countries create enabling conditions and unlock renewable investment.       Source:www.energynewsafrica.com

Nigeria: N37.8m Realised From Auction Of Seized Petroleum Products

Nigeria’s Customs Service in the Ogun Area 1 command has generated a total revenue of N37.8 million from direct auction of seized petroleum products in the first quarter of 2020. Controller of the Command, Comptroller Michael Agbara who disclosed this while presenting the command score card at Idiroko, Ogun State last weekend said the figure showed tremendous increase by far margins in the numbers and Duty Paid Value of seizures in the first quarter of the year 2020 when compared to the first quarter of 2019. According to him, the command recorded 607 seizures in first quarter of 2020 as against 226 recorded in the same period of 2019. “It will interest you to know that within the period of 1st January to 31st March, we have generated a total of revenue of N37,878, 000 from direct auction of seized 293,015litres of Premium Motor Spirit (PMS), 625 litres of diesel and 19 jerricans of kerosene (25kg each). “All the aforementioned seizures of petroleum products were meant for illegal exportation in defiance to extant policies of the federal government. It is important to note that all items imported into Nigeria for home use are not permitted to be exported,” he said.         Source:www.energynewsafrica.com

Women In Energy: Closing The Inequality Gap (Article)

The issue of inequality at the workplace have been discussed extensively by many authors. But one sector in which women’s participation is below that of the broader economy, is the energy sector. Despite making up 48 percent of the global labour force, women only account for 22 percent of the labour force in the oil and gas sector and 32 percent in renewables (IRENA, 2019). These gender gaps in employment vary across the different energy sub-sectors, including power. The inequality facing women in the energy sector are no different from what their peers must deal with in other sectors of the global economy. Deliberate and undeliberate actions such as discriminatory laws, sex-based protective legislation, traditional gender norms and harmful cultural practices et cetera interfere with a woman’s right to work.  In most parts of the world women often found themselves in under-valued and low-paid jobs. They lack access to education, training, and recruitment opportunities; have limited bargaining and decision-making power; and still shoulder responsibility for most unpaid family care work. Many discriminatory laws still exist, that prohibits women’s entry and inclusion into the energy industry. It is estimated that more than 2.7 billion women around the world face legal restrictions in industries from so-called protective legislation, which purports to protect women from dangerous work, but in reality, discriminates based on harmful stereotypes. In some countries, there are still laws that require women to obey their husbands, restrict a woman’s ability to travel outside her home or country, or distinguish between a woman’s legal capacity to secure a job or pursue a trade and that of a man. Some countries also forbids employers from hiring women to perform hard, dangerous and/or unhealthy trades such as mining, welding, drilling, butchering, and diving professions.   These barriers continue to exist in spite of the immeasurable benefits of women’s participation, including increased returns on investments and stronger development outcomes. The Morgan Stanley (2017) report on “An Investor’s Guide to Gender Diversity” projects that more gender diversity, particularly in corporate settings, can translate to increased productivity, greater innovation, better decision-making, and higher employee retention and satisfaction. A study by Woetzel, J. et al (2015) shows that if women played the same role in labor markets as men, they could contribute between US$12 trillion and US$28 trillion to global annual gross domestic product (GDP). Simply put, the advancement of women’s equality in labor markets including the energy sector, could contribute to the global economy at a value equivalent to the combined size of the Chinese and US economies today. The Statistics In terms of women’s participation across the various sectors of the global economy on the corporate ladder, especially at the senior levels, the result have been very discouraging. Deloitte’s 6th edition of “Women in the Boardroom” revealed that women are still largely under-represented on corporate boards globally, and progress to change this trend continues to be slow. Highlights of the report include:
  • Women hold 16.9 percent of board seats worldwide, a 1.9 percent increase from previous edition.
  • Women hold only 5.3 percent of board chair positions and 4.4 percent of CEO roles globally.
  • Women hold 12.7 percent of CFO roles globally – nearly three times that of CEO positions.
These scary statistics has a direct bearing on the global energy sector, as research reveals that women are highly under-represented in most extractive industries such as oil, gas and mining; making it a male-dominated one. The U.S. Department of Labor defines a male-dominated sector as one where women constitute less than one-fourth of the total workforce In renewable energy, women represent 32 percent of workforce. While in the oil and gas industry, women account for a paltry 22 percent of the workforce, despite making up 48 percent of the global labour force, according to a 2019 survey and analysis conducted by the International Renewable Energy Agency (IRENA). The IRENA Renewable Energy report which focuses on gender, reveals significant opportunities for a greater gender balance in the global energy transformation. Women representation in the oil industry’s workforce and are even scarcer in engineering and other technical fields that are the lifeblood of this business. According to the 2018 Global Energy Talent Index (GETI) report which surveyed over 20,000 persons within the oil and gas sector in 2018, women represent just 10 percent of the global energy workforce spanning the oil and gas, petrochemical, renewables, power and nuclear sectors. Catalyst, a non-profit organization that focuses on gender diversity in the workplace, found that women constituted only 7.9 percent of board positions in the top 500 mining companies in 2016. Of those among the top 100 companies, 94 percent of women represented were in non-executive positions. Ghana’s figures on women in top management and Board are equally discouraging. A study conducted by the “Ghana Oil and Gas for Inclusive Growth” on gender representation in the petroleum sector revealed in 2018 that there were only 3 female Board Chairs serving on 33 Boards surveyed, with only 5 of those Boards having more than 1 woman represented. Also a recent research undertaken by “Women in Energy, Ghana” shows that for instance, of the 9 Board members serving at the Bulk Oil Storage and Transport Company Limited (BOST) only 2 are women, with only 2 women serving alongside the 13 top management team. The Ghana National Petroleum Company (GNPC) represented by 7 Board members, was also capture as having only 1 female, while 5 women counted among the 33-member management team. Closing the Gap To overcome these challenges, diverse groups across the globe including women themselves, are today creating platforms, seeking to promote gender diversity and inclusion in the energy sector, and to ensure equal opportunities for women. The biggest intent of the female participants is to transform the energy sector in their roles as energy entrepreneurs, innovators and decision makers. For instance, Women in Energy Africa is championing women in the energy space through the use of innovative and data-driven solutions to solve energy challenges in Africa, whilst empowering female professionals, women in business and inspiring young girls across Africa in the energy sector. In South Africa, Women in Oil and Energy South Africa (WOESA) is prioritizing the facilitation of women’s participation in business opportunities in the oil, gas and energy sector. WOESA’s goal is to ensure that equal opportunities for women and particularly black women in South Africa become a factor in the energy sector. The goal is hinged on the acknowledgement that women have either been at the lowest end of any form of business opportunity, or totally excluded. African Women in Energy and Power (AWEaP) have also designed a program to accelerate African women entrepreneurs’ participation in the Power and Energy sector. The initiative of AWEaP is premised on the conviction that to eradicate energy poverty on the African continent, Africa needs commercially viable, multi-stakeholder driven initiatives that will ensure the meaningful economic participation of women. Women in Sustainability, Environment and Renewable Energy (WISER) encourages women to join the renewable energy sector by providing women with the opportunity to exchange experiences through open forums and by establishing an internship program for women to gain experience in the solar sector. Ghana launched its version of the platform in February 2020, seeking to increase women’s leadership and participation in Ghana’s energy sector towards inclusive development. The goal is to advocate for increased number of women in leadership and recognition of the contribution from women in the sector. Beyond women seeking to promote gender diversity and inclusion in the energy sector, few energy companies have taken conscious steps to recruit women, to make the workplace more hospitable for female employees and to foster their professional development. They are increasing their focus on college recruitment, experienced hire recruitment, mentors and networks for women; while supporting and tracking the progression of women in the energy space. Today, companies that are willing to support women in the energy sector, are also according women with paid leave or leave with adequate social security benefits, instead of dismissal based on pregnancy or maternity leave. Some have introduced measures that include accommodations for breastfeeding, or limiting exposure to hazards harmful to the fetus or a pregnant/nursing woman. But in spite of these interventions by few energy firms, a holistic approach is critical to ensure a sustainable growth of women’s participation in the sector. The Managing Director of Tullow Ghana and Executive Vice President of Tullow Oil Plc, Mr. Kweku Awotwi offers few thoughts to bridge the inequality gap. He suggest that deliberate design of gender policies that ensure women are empowered and made comfortable to be part of the energy space, is vital to boost women’s participation and presence within the energy industry. In his opinion women’s under-representation could be curbed, if a lot more women are encouraged to take up positions that are often seen as male-dominated. As a result, the encouragement of young women to take up courses in the sciences, and mentoring to develop interest in the sector is key. He suggest that “one way to achieve this is to support and promote Science, Technology, Engineering, and Mathematics (STEM) education and programmes for women, grow the female human resources and build their capacity for what some might describe as complex field of endeavor. And that starting early in the education process would encourage the young women in the sciences.”   Written by Paa Kwasi Anamua Sakyi (aka Nana Amoasi VII), Institute for Energy Security (IES) ©2019  Email: [email protected] The writer has over 23 years of experience in the technical and management areas of Oil and Gas Management, Banking and Finance, and Mechanical Engineering; working in both the Gold Mining and Oil sector. He is currently working as an Oil Trader, Consultant, and Policy Analyst in the global energy sector. He serves as a resource to many global energy research firms, including Argus Media and CNBC Africa