The double crisis of the COVID-19 pandemic and the collapse in oil prices is taking a toll on African economies and the African energy industry. An unstable and precarious oil prices environment has resulted in substantial cuts in state budgets and public spending, in losses of contracts and hundreds of thousands of jobs put at…
Socio-Economic Rights and Accountability Project (SERAP) has sent Freedom of Information (FoI) requests to the 36 state governors urging them to “urgently provide information on spending details on COVID-19 in your state, and to immediately redirect public funds budgeted for security votes and life pensions for former governors from the state to invest in and…
The Ministry of Mines and Hydrocarbons, supported by its strategic partner Marathon Oil Corp., has awarded North American Company VFuels Oil & Gas Engineering (VFuels) the feasibility study for the construction of a modular refinery in Punta Europa, Malabo. VFuels, which turned out to be the winner of the tender, will be in charge of…
Despite its advancements over the years particularly in the oil, gas and power industries, it is no secret that Africa is still plagued with the very real issue of inefficient energy supply. Recording nearly 600 million people with no access to electricity, the question of what it will take to eliminate poverty in Africa is…
