Oman: Eni Kicks Off Drilling Operations In First Deepwater Offshore Well

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Italian oil and gas major Eni has started drilling what is reportedly the first-ever deepwater offshore exploration well in Oman’s waters.  Media report earlier this week suggested that Eni has started drilling Oman’s first deepwater offshore well. According to Offshore Energy Today, the Italian company had indeed started its drilling operations in Oman. However, no further details have been provided. Eni late last year hired the Pacific Drilling-owned drillship, Pacific Bora, for one firm well in Oman. The duration of the well was estimated at 30 days. The contract included a $5 million mobilization fee and a $5 million demobilization fee and it provided for one option well. Further, the contract was scheduled to start in February and end in March 2020 with a dayrate of $190,000. The 2010-built drillship also previously worked for Eni offshore Nigeria under the dayrate of $150,000. When it comes to Eni’s offshore presence in Oman, the company is the operator of Block 52, which is an underexplored area with hydrocarbons potential located offshore in the southern region of Oman. Block 52 has an area of approximately 90,000 km2, with water depths ranging from 10 to over 3,000 meters. The Government of the Sultanate of Oman, Oman Oil Company Exploration and Production (OOCEP), a subsidiary of state company Oman Oil Company SAOC (OOC), and Eni entered into an exploration and production sharing agreement for Block 52 back in November 2017.  Eni holds a 55% stake in the block while its partners Qatar Petroleum and OOCEP hold a 30% and 15% stake, respectively.           Source:www.energynewsafrica.com

US Slaps Sanctions On Rosneft Subsidiary For Supporting Maduro

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US government has levied sanctions on a subsidiary of Russia’s Rosneft-Rosneft Trading, in the latest round of The United States’ maximum pressure campaign on the Nicolas Maduro regime in Venezuela, oilprice.com has reported.  “Today we sanctioned Russian-owned oil firm Rosneft Trading S.A., cutting off Maduro’s main lifeline to evade our sanctions on the Venezuelan oil sector. Those who prop up the corrupt regime and enable its repression of the Venezuelan people will be held accountable,” Secretary of State Mike Pompeo said in a tweet. Responding to the report Rosneft said the new sanctions were an “outrage”. The sanctions block all US assets of Rosneft Trading and its director, Didier Casimiro, and will extend to anyone doing business—any business–with Rosneft Trading. The Trump administration referred to Rosneft Trading as the “gravest violator” of the imposed limits on Maduro as much of the Western world wants him ousted—and fast. Specifically, the US is alleging that Rosneft has sent oil tankers to Venezuelan ports with the location tracking system disabled and has transferred Venezuelan oil in the middle of international waters to ship on to Asia and West Africa. It is also possible that recent talks between Rosneft and Venezuela that would see Rosneft take over some PDVSA assets was enough to spook the Trump administration into further action. The extra sanctions added today serve not only as a warning to Rosneft, but will apply even greater pressure on Maduro, who is desperately clinging to power no matter what painful economic measures the US throws his way. Maduro’s staying power is due in part to Rosneft’s support. The additional sanctions, which include a 90-day wind down period for companies doing business with Rosneft, received bipartisan support in the US.

Ghana: ECG To Start National Campaign Against Illegal Connection Soon

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The Electricity Company of Ghana (ECG) Limited is set to commence a national campaign against illegal connection or power theft, energynewsafrica.com can report. The national campaign will be dubbed: ‘If you see something, say something, and say it now’. The hashtag for the campaign is #saynotopowertheft#. Managing Director of the West African nation’s power distribution company, ECG Limited, Kwame Agyeman-Budu dropped the hint in a speech at the launch of the company’s Mobile Application (ECG Power) in Accra, Tuesday. The distribution company has been losing millions of cedis through power theft. In the southern part of Ghana where ECG operates, illegal connection is rampant in the Ashanti Region, followed by Eastern Region, Tema, Accra West and Central Region, Accra East, Volta and Western.      Source:www.energynewsafrica.com      

Ghana: Vice President Launches ECG’s Mobile App Designed By Staff

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Ghana’s power distribution and electricity retailing company, Electricity Company of Ghana (ECG) Limited has officially outdoored a Mobile Application for smart and prepaid meters customers as part of efforts to improve upon service delivery and also rake in more revenue. The Mobile App, which was entirely designed by the internal ICT staff of ECG, would allow customers on all postpaid meters to use the channel to pay electricity bills. Additionally, it would allow customers on Smart Prepayment meters namely; NURI, MBH, LIBERTY, ENERSMART, KAIFA, and CLOU to deposit money on their meters for electricity. The Mobile App can be used by ECG customers who have Smart Prepayment Meters to recharge to credit for family and friends at any time of the day. All that a customer needs to do is to go on the Google Play Store and download the ECG Power App and follow the instructions. Speaking at the official launch of the Mobile Application christened ‘ECG POWER’, Vice President of the Republic of Ghana, H.E Dr Mahamudu Bawumia noted that 2.8 million customers out of a total customer population of 3.8 million can access the ECG Mobile App. According to him, 700,000 customers on Smart Prepayment meters and 2.1 million customers on post-paid meters are currently accessing the App. Touching on the benefit to be derived from the Mobile App, Dr Bawumia said it would bring convenience to the numerous ECG’s customers. “Just imagine being at home and it is 3am and you run out of power and you don’t have a way to essentially top up your meter. You will have to wait till the following morning and get onto a trotro or a taxi to go to the nearest vendor and pay and then you will get recharged. With this app, even if it is 3 in the morning and you run out of power, you just pick your phone and get recharged,” he explained.Dr Bawumia, who described the initiative as timely, noted that the greatest challenge in the energy sector is its inability to collect revenue due it after supplying electricity to the consuming public. “If we produce power and we are only able to collect sixty percent (60%) of the revenue, it means we have lost 40% of the revenue. The issue of solving the collection problem at ECG is a major part of solving the energy issue in Ghana,” Vice President Mahamudu Bawumia said.He further indicated that he is aware that the Board and Management of ECG are looking at applying technology in the collection process of its revenue. Chairman of the Board of Directors of ECG, Kelly Gadzekpo, in his remarks, registered the delight of ECG to its Information Technology (IT) staff whom, he solely credited as those who developed the entire infrastructure of the new app, ‘ECG POWER’. He also emphasised that an effective monitoring system has been instituted by the ECG to ensure that revenue generated by the App would be secured and guaranteed.Dr Bawumia commended the staff of ECG for coming out with such an initiative. In his remarks, the Managing Director of ECG, Kwame Agyeman-Budu congratulated the ICT team for the initiative, and said the App supplements existing channels of interface with customers and payment options open to them. He revealed that his outfit would soon launch a national campaign dubbed: “If you see something, say something, and say it now,” with hash tag #saynotopowertheft to tackle illegal connection. Chairman of the Board of Directors of ECG Kelly Gadzekpo, in his remarks registered the delight of ECG to her Information Technology (IT) staff who he solely credited as those who developed the entire infrastructure of the new app, ECG POWER. He also emphasised that an effective monitoring system has been instituted by the ECG to ensure that revenue generated by the App would be secured and guaranteed.         Source:www.energynewsafrica.com                    

ENGIE Africa Delivers Off-Grid Power To Over 4 Million People (Press Release)

ENGIE Africa, world’s largest independent electricity producer has announced that it has successfully accelerated the Access to Energy (A2E) strategy that it launched in 2018. ENGIE has achieved this through the development of its three A2E off-grid energy solution companies: Fenix International, ENGIE Mobisol, and ENGIE PowerCorner. With these three innovative entities, ENGIE Africa is bringing decentralized electricity to more than four million people in nine countries (Uganda, Zambia, Kenya, Tanzania, Rwanda, Nigeria, Benin, Côte d’Ivoire, and Mozambique). This growth is in line with the Group’s ambition to reach millions of households and businesses with clean, distributed energy across Africa. Fenix, which was acquired by ENGIE in 2018, expanded its operations significantly in 2019. To date, it has sold more than 700,000 solar home systems that power 3.5 million people in rural communities across six countries. Now employing 1,200 full-time team members, Fenix launched sales in Mozambique in June 2019. In the last month, the company has reached milestones in multiple markets, with 150,000 solar home systems sold in Zambia, 50,000 sold in Benin, and 20,000 sold in Côte d’Ivoire. ENGIE complemented its range of solar home system solutions by finalizing the acquisition of Mobisol in October 2019. The higher capacity (40–200W) of ENGIE Mobisol’s products offers consumers access to modern energy services and appliances to establish solar-powered small businesses. ENGIE Mobisol has operations in Tanzania, Rwanda and Kenya, and has installed more than 150,000 solar home systems, providing clean and reliable energy to 750,000 people and counting in East Africa. Mini-grid developer and operator ENGIE PowerCorner now has 13 mini-grids in operation across two countries (Tanzania and Zambia), serving 15,000 beneficiaries. It is constructing new mini-grids in Uganda (in joint venture with Equatorial Power), Benin and Nigeria, with the aim to triple its number of customers this year. ENGIE PowerCorner focuses on powering income-generating activities and productive usages, thus contributing to the increase of the economic welfare of its rural customers. Fenix’s inclusive solar home systems for household usages, combined with ENGIE Mobisol’s focus on larger households and small business appliances, together with ENGIE PowerCorner’s focus on income-generating activities and small-scale industries, enables ENGIE to offer affordable energy products and to extend its customer base from rural to urban areas. Yoven Moorooven, CEO of ENGIE Africa, says: “We strongly believe in the huge potential of the off-grid electrification sector and that it will be instrumental in rapidly and cost-effectively bridging energy gaps across Africa. We will build upon our successes to sustain and meet our long-term ambition of impacting tens of millions of lives across Africa. ENGIE has an important role to play in industrializing and scaling up the off-grid solar business. We are keen to offer the lowest cost and best quality Access to Energy solution that addresses our customers’ needs.” ENGIE is expanding its offerings beyond electricity provision, integrating cost-effective and tailor-made solutions “as a service” to accompany customers every step of the way. This expansion links energy access to other products and services: internet, water, productive appliances, clean cooking, financial services and products. Universal electrification is the seventh of the United Nations Sustainable Development Goals that the global community has committed to achieve by 2030. ENGIE is confident that universal access to energy is achievable in the foreseeable future, through smart investments in a combination of national grid extension, solar home systems and mini-grids.                

Ghana: ECG Outdoors Shortcode Payment Option For Non-Smartphone Users

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Ghana’s power distribution and retail company, Electricity Company of Ghana has introduced a new short code *226# for its non-smartphone users to recharge their prepaid credit digitally. This comes on the back of the company’s efforts to provide convenience to its various consumers across the country. Other available payment options are for consumers on Smart Prepayment Meters, Mobile Money, Prepaid Top Up, Post Paid Meters. Consumers can also get Consumption Information on their meters through the app. The Vice President of the Republic, Dr. Mahamudu Bawumia announced this at the official launch of ECG’s Mobile App at the company’s head office today.       Source:www.energynewsafrica.com

Ghana: Tema Community 2 Shell Service Station Goes Solar

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Vivo Energy Ghana, one of the petroleum downstream players and a licensee of Shell in the Republic of Ghana, has reopened its second solar powered Shell service station in Tema Community 2, Ghana’s industrial city. The station is the second after Airport City Shell to be powered by solar energy to reduce the company’s carbon footprint and ensure energy efficiency in its operations. The Managing Director of Vivo Energy Ghana, Mr. Ben Hassan Ouattara said the initiative is in line with the Sustainable Development Goals 7 and 13. According to him, the company is committed to developing a number of solutions to reduce energy usage and impact on the environment.   “We work hard, in partnership with Shell, to develop more efficient products that reduce our impact on the environment. Our Shell Fuel Save improves combustion, boosts efficiency and saves fuel. Shell lubricants, 5W30 and 5W40 are also made from base oil created from natural gas with virtually none of the impurities found in crude oil”, Mr Hassan Ouattara said in a statement copied to energynewsafrica.com. Mr. Ouattara said the new Community 2 Shell service station, which models the company’s growth and modernisation plan, has a two-pump island canopy with a modern lube bay, a semi-automatic car wash and a tyre centre. Additionally, the station has the new shop format welcome to provide a warm, delightful and modern shopping experience to its customers. It also has the welcome bakery under the management of Bakeshop Classics, to provide customers with quick breakfast, snack and other exciting products. Mr. Ouattara reaffirmed Vivo Energy’s commitment to constantly providing an exceptional retail experience at Shell service stations, reaching more people with better products and services. The Chief Inspector, Director, IM and HSSE at the National Petroleum Authority (NPA), Mrs. Esther Anku commended Vivo Energy Ghana for setting and maintaining high standards in the industry, which is evident in its operations. Vivo Energy operates and markets its products in countries across North, West, East and Southern Africa. The Group has a network of over 2,100 service stations in 23 countries operating under the Shell and Engen brands and exports lubricants to a number of other African countries. Its retail offering includes fuels, lubricants, card services, shops, restaurants and other non-fuel services.   Source:www.energynewsafrica.com

Tanzania Outpace Nigeria In Rural Electrification Rating

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Tanzania’s Minister for Energy, Dr Medard Kalemani, says the East African country’s improved efforts in deploying electricity across rural Tanzania has placed the country on the top position on the continent. “Initially, Nigeria was the leading country by 72%, but we are now leading in the continent, as we have reached more than 74% now,” said the minister. The Daily News quoted Dr Kalemani as saying that a total of 9,001 villages in the country have been connected to electricity. Dr Kalemani explained that 3,559 villages were connected through the first round of Phase Three Rural Electrification Project (REA III-1), which is ongoing. He further said that REA III-1 will be completed in June 2020 but the government has agreed with the contractors executing the project to finish the relevant work two months earlier. As such the contractors are expected to hand over the project to Tanzania Electric Supply Company (Tanesco) by 31 April 2020. For Masasi District, the minister said the government decided to review the action plan that enabled them to increase the number of villages that will benefit from the project in that district. “In the original design, only a few villages were to benefit from this project. This is because other villages fall under the jurisdiction of councils or cities and not districts and thus did not meet the criteria since they had the status of streets and not villages,” he explained. He further explained that it had never happened before in history to have a district that had full coverage of electricity in all villages. “But this time, the government has made it; there are 34 districts that are fully covered with power supply, the same spirit will spread countrywide,” he said, adding that a total of 11,070 public institutions had also been connected to electricity between 2015 and 2019, up from 3,200 that were enjoying the service in the past.          Source:www.energynewsafrica.com

Ghana: IBM Fuel Station Robbed; Security Man On Duty Killed

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Report reaching energynewsafrica.com indicates that some suspected armed robbers have attacked the newly commissioned IBM Fuel Station at Wassa Dunkwa near Asankragwa in the Western Region of the Republic of Ghana. The robbers reportedly fractured the neck of the security man on duty at the station before tying him to death. The incident reportedly occurred on Monday dawn. According to a resident of the area, who spoke on a local radio station in Accra, Adom FM, the robbers, after tying the security man, proceeded to the residence of the proprietor of the station, which is close to the station, where they beat him up and robbed him of some unspecified amount of money. “They beat the station manager and robbed him of some unspecified amount of money,” the eyewitness said. According to the eyewitness, the robbers also inflicted machete wounds on the proprietor, as well as the security man. He said the police in the area had visited the crime scene and conveyed the dead body of the security man to a health facility for autopsy. The proprietor of IBM Filling Station is currently receiving treatment at the Asankragwa Hospital.     Source: www.energynewsafrica.com

Ghana: Fuel Prices To Go Down By Three Percent-IES Predicts

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The Institute for Energy Security, an energy think-tank in the Republic of Ghana, West Africa, is predicting a three percent reduction in the price of fuel for the second window in February. “From the 12.16 percent significant decline in prices of Brent crude, coupled with the 10.58 percent and 8.66 percent considerable reduction in the prices of Gasoil and Gasoline respectively on the international market; the Institute for Energy Security (IES) foresees prices of fuel on the local market dropping by roughly three percent. “The significant fall in the value of the US Dollar makes the case for fuel price reductions at the pump stronger,” the IES said in a statement signed by Raymond Nuworkpor, Head of Research & Policy. Below is IES’ full statement FALL IN INTERNATIONAL PRICES OF OIL MUST REFLECT AT THE PUMP REVIEW OF FEBRUARY 2020 FIRST PRICING-WINDOW Local Fuel Market Performance Fuel prices experienced reduction at some Oil Marketing Companies (OMCs) pumps including Shell Ghana in the Pricing-window under review as predicted by the Institute for Energy Security (IES). However, the First Pricing-window of February 2020 saw majority of OMCs maintaining their prices at the pump to record a national average price of Gh¢5.48 and Gh¢5.46 for Gasoil and Gasoline respectively. Within the period under review, Zen Petroleum, Benab Oil, Nick Petroleum, Frimps, Champion and Cash Oil, are among few OMCs that sold the least-priced Gasoline and Gasoil on the local market relative to others in the industry as found by IES Market-scan. World Oil Market Market fears and weak oil demand have precipitated a continued oil price slide with Brent crude benchmark falling on Monday (10th February, 2020) to lows as $53.27 not seen since the end of 2018. IES analysis indicates that the major contributory factor for the free fall of the Brent crude prices is the impact of the Novel Coronavirus. Other factors include hot winter and planned maintenance. The hydrocarbon industry relies on cold weather across the northern hemisphere to drive demand for oil and gas to heat homes and workplaces in the world’s most advanced economies. Also, most oil industry giants announced way before the novel Coronavirus about their planned maintenance. Brent crude decreases considerably by 12.16% from $63.63 per barrel to close at $55.89 per barrel on average terms during the period under review. S&P’s Platts benchmark for fuels shows average Gasoline price decreasing by 8.66% to close at $536.77 per metric tonne, from a previous average of $587.68 per metric tonne; while Gasoil declined by 10.58% to close trading at $503.38 per metric tonne. Local Forex Data collated by IES Economic Desk from the Foreign Exchange market shows the Cedi appreciated significantly  (4.44%) against the U.S. Dollar, trading at an average price of Gh¢5.37 to the U.S. Dollar over the period under review; from a previous rate of Gh¢5.62 recorded in the second Pricing-window of January, 2020. PROJECTIONS FOR FEBRUARY 2020 SECOND PRICING-WINDOW From the 12.16% significant decline in prices of Brent crude, coupled with the 10.58% and 8.66% considerable reduction in the prices of Gasoil and Gasoline respectively on the international market; the Institute for Energy Security (IES) foresees prices of fuel on the local market dropping by roughly 3%. The significant fall in the value of the US Dollar makes the case for fuel price reductions at the pump stronger.   SIGNED: Raymond Nuworkpor Research & Policy, IES (054387669)                  

Ghana: Sunon Asogli Power Ghana Donates To Mahlef Foundation

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Ghana’s largest independent power producer, Sunon Asogli Power Ghana Limited has made a donation to the Mahlef Foundation at Bankuman, a suburb of Tema Newtown in the Republic of Ghana. The donation included food items and toiletries at a cost of GHc5,500. It, additionally, gave a cash of GHc2,988.  The gesture formed part of Sunon Asogli’s corporate social responsibility to impact the lives of people within its operational area.Asogli power Ghana operates 560 megawatts capacity power plant at Kpone near Tema, Ghana’s industrial city. Speaking at a brief ceremony to present the donation, Chairman of Sunon Asogli Power Ghana Ltd, Yang Qun said the company decided to touch the lives of the children of Mahlef Foundation by putting smiles on their faces. He said the donation is in connection with the celebration of Chinese New Year. He charged management of the Mahlef Foundation to put the items to good use for the benefit of the children. Manageress of Mahlef Foundation, Rev. Mrs Georgina Happy Crentsil, who received the donation on behalf of the Foundation, thanked the Management of Sunon Asogli Power Ghana Limited for the gesture. She appealed to the general public and benevolent organisations to emulate the example of Asogli.
Rev. Mrs Georgina Happy Crentsil(left), Manageress of Mahlef Foundation and Mrs Heng Yue(right), Wife of Chairman of Sunon Asogli Power Ghana Limited.
      Source:www.energynewsafrica.com    

Eni Hits New Oil Find Offshore Mexico

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Italian oil and gas company Eni has made a new oil discovery on the Saasken Exploration Prospect in Block 10, located in the mid-deep water of the Cuenca Salina in the Sureste Basin, offshore Mexico. According to preliminary estimates, the new discovery may contain between 200 and 300 million barrels of oil in place, Eni said on Monday. Saasken-1 NFW well, which has led to the discovery, is the sixth consecutive successful well drilled by Eni offshore Mexico in the Sureste Basin. It is located approximately 65 kilometers off the coast, and was drilled by the Valaris 8505 semi-sub in a water depth of 340 meters and reached a total depth of 3,830 meters. Eni said that the Saasken-1 had discovered 80 meters of net pay of good quality oil in the Lower Pliocene and Upper Miocene sequences. The reservoirs show excellent petro physical properties. An intensive data collection has been carried out on the well and the data acquired indicate a production capacity for the well of more than 10,000 barrels of oil per day. The discovery is opening a potential commercial outcome of Block 10 since several other prospects located nearby may be clustered in a synergic development. The Block 10 Joint Venture, composed of Eni (operator with a 65% stake), Lukoil (20%), and Capricorn (15%), will work to appraise the discovery and to exploit nearby synergies in order to start the studies for a commercial development. Eni is currently producing approximately 15,000 barrels of oil equivalent per day (boed) from Area 1 and expects to reach a plateau of 100,000 boed in the first half of 2021. Eni is also planning an important exploration campaign in the other licenses held in Mexico. Currently, Eni holds rights in eight exploration and production blocks (six as the Operator), all located in the Sureste Basin in the Gulf of Mexico.         Source:www.energynewsafrica.com    

ExxonMobil Appoints Stephen Littleton As VP For Investor Relations, Corporate Secretary

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US oil and gas giant, ExxonMobil has appointed Stephen Littleton as vice president of investor relations and corporate secretary, effective March 15. Neil Hansen, who is currently vice president of investor relations and corporate secretary, has been appointed vice president of fuels for Europe, Middle East and Africa. Littleton is currently vice president of downstream business services and controller. His career started with ExxonMobil in 1992 as an analyst at the Baytown refinery. Littleton has held a number of financial advisor and management roles, including upstream capital budget advisor, controller in Angola, investor relations manager, and ExxonMobil Production Company controller. In 2015, he was appointed assistant controller for Exxon Mobil Corporation and began his current position in May 2018. Littleton has a business degree from the University of Missouri – St. Louis, and master of business administration from the University of Texas at Austin. Hansen joined ExxonMobil in 2000 and after several roles in the controllers organization, became audit division manager in 2008 in Houston. He was senior financial advisor in 2009 and became investor relations advisor in 2010. In 2012, Hansen was appointed manager of planning and financial markets in the treasurers department and became affiliate finance manager in 2013. He also held roles in Thailand as lead country manager and manager of business services. He was elected to his current role in July 2018. Hansen graduated from Oklahoma State University with a bachelor’s degree in marketing and earned a master of business administration from the Thunderbird School of Global Management and a master of science in accounting from the University of St. Thomas.       Source:www.energynewsafrica.com

UAE: Ras Al Khaimah To Host Energy Summit In June

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The Emirate of Ras Al Khaimah announced that it would host its first energy summit next June as part of the RAK Energy Efficiency and Renewables Strategy 2040, under the theme ”Energy Efficiency and Renewable Energy”. The summit will take place at the Al Hamra International Exhibition and Conference Centre on 15th and 16th June, 2020, and will bring together international thought-leaders and trailblazers, along with decision-makers from the government and private sector. The RAK Municipality Department, organiser of the event, said the meeting will gather a wide range of keynote speakers and participants from the energy industry, including government bodies, regulators, developers, building owners and managers, consultants, contractors, project managers, bankers, and utilities and power companies, to discuss the evolving role of governments on sustainability and energy efficiency, hybrid energy mix, electric and hybrid vehicles, renewable energy sources, water reuse and efficient irrigation, and emerging technologies. The event seeks to enhance dialogue within the industry, and cross-learning opportunities across similar strategies in the region and the world, the organiser added. The Government of Ras Al Khaimah considers energy efficiency and the adoption of renewable energy as important drivers for the competitiveness and sustainability of its economy. The RAK Energy Efficiency and Renewables Strategy 2040 targets 30 percent electricity savings, 20 percent water savings and 20 percent renewable energy in the generation mix by 2040. The strategy, already well underway through a multitude of programmes and initiatives, connects with federal strategies and supports the UAE’s commitment to climate change mitigation as part of the United Nations Framework Convention on Climate Change.         Source: www.energynwsafrica.com