JOHANNESBURG – Mozambique’s province of Cabo Delgado offers South African businesses “huge” investment opportunties in the gas sector, the region’s permanent secretary Antonio Domingos Mapure has said. Advertisements
The International Energy Agency (IEA) is cautioning of “damaging price spikes in the 2020s” if the current weak investment in new oil supply is “left unchecked”.
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Plants burning coal, oil and gas have powered rapid economic growth in Europe, North America and the strong Asian economies for decades. At the same time, many people in less wealthy parts of the world still suffer from energy poverty, while being increasingly exposed to extreme weather that’s becoming more frequent, and more intense, because of climate change.
Read MoreThe Group MD of Nigeria’s state-run firm NNPC, Maikanti Baru, revealed while speaking at an industry event that the firm’s upstream segment inked $26.9 billion investments. According to Baru, this shows a renewed confidence in the oil industry.
Read MoreEni plans “billions” of investments in Algeria over the next three years, the company’s CEO said on Tuesday, as the Italian energy firm said it had agreed to extend its partnership with Algerian state firm Sonatrach.
Read MoreThailand’s state-owned oil and gas company PTT is seeking investment opportunities for its $11 billion in cash and marketable securities to make up for the decline in oil and gas reserves to 695 million barrels in 2016. This amount will only last for five years at current rates of production, according to analysts, which makes the situation close to critical.
Read MoreJust one day after General Electric Company (NYSE: GE) unveiled its new Distributed Power business for Africa, as well as plans for diesel-generated electricity in Nigeria, the company announced new natural gas generator orders from Tanzania and Mozambique.
Read MoreMaria van der Hoeven; Executive Director, International Energy Agency (IEA) and Fatih Birol, Chief Economist, IEA invite you for the launch of World Energy Investment Outlook, a Special Report from the IEA’s World Energy Outlook 2014 to take place on Tuesday, 3 June, at 10:00 a.m. London time; Hilton London Tower Bridge 5 More London Place, Tooley Street, London SE1 2BY.
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