- The Olympic Artists program for the Paris 2024 Olympic Games began with the invitation of Olympic and Paralympic athletes who like to showcase their talents in art, the Olympic Foundation for Culture and Heritage (OFCH) announced on Monday.
The project started at the 2018 PyeongChang Olympic Winter Games and was successful at Tokyo 2020 and Beijing 2022.
All Olympians and Paralympians, active or retired, are encouraged to bring out their creative arts, whether professional or amateur.
"The goal of the program is to celebrate multi-faceted Olympians, make lasting creative contributions to society, and bring hope to youth, individuals, and communities through commitment to the creative arts and Olympic values," said Angelita Teo, OFC Director. as the website of the International Olympic Committee (IOC) says. ■
- Under the motto "Blue is the new black", a two-day event of the United Nations Educational, Scientific and Cultural Organization (UNESCO) was held on Friday and Saturday in the lagoon city of Venice in Italy, with the aim of promoting the protection of the oceans. and responsible purchasing behaviors.
The "Blue Friday" initiative was launched by UNESCO's Intergovernmental Oceanographic Commission (IOC) to raise awareness of the protection of the seas and oceans exactly during the "Black Friday" weekend and provide an alternative to it.
Held at Palazzo Zorzi in cooperation with the local authorities of Venice, the initiative comprised several events over the two days, including "a panel on blue finance and sustainable fashion, meetings to promote more sustainable consumption and production, and a theater show on the history of the seas."
Experts said they are optimistic about the impact on the audience, considering the recent growing public interest around events related to environmental protection.
"This is definitely a trend that we have been seeing across all issues related to the climate crisis in recent years," said Francesca Santoro, IOC-UNESCO Senior Program Officer.
Among the events on Saturday were panel discussions with representatives from global and local design and fashion companies that discussed the effects of consumption and production behaviors on the health of the oceans and seas, and possible concrete alternatives.
In the interview, Santoro noted that the role of private players was another recent development, as companies were becoming more environmentally sensitive and wanted to meet growing consumer demand for green products.
These changes would allow scientists to be more effective, Santoro said. "While these topics were basically discussed within the international scientific community until just a few years ago, today we can easily work with a multidisciplinary approach, involving journalists, communicators, artists, designers and fashion experts, for example."
"This allows us to communicate more easily and convey a clearer and more specific message," he specified.
According to estimates published by IOC-UNESCO prior to the initiative, around 80 percent of purchased clothing and items were thrown away after only one use or even zero use.
But consumers were signaling they were ready for a change, with around 40 percent of those involved in the survey saying they were willing to pay higher prices for climate-conscious products, and 43 percent more likely to choose products from brands that use sustainable practices, such as carbon neutral shipping.
The so-called "Black Friday" falls on the last Friday of November each year, inaugurating Christmas shopping. Due to the strong discounts that it entails, it marks one of the most intense periods of consumerism worldwide. ■
As the voice of the African energy sector, the African Energy Chamber (AEC) (www.EnergyChamber.org) is committed to facilitating new investment across Africa’s entire energy landscape while promoting the role natural gas and sustainable hydrocarbon development plays in the continent’s energy future.
To this effect, the AEC is proud to announce that Executive Chairman NJ Ayuk will attend the fifth edition of the Congo International Conference & Exhibition on Hydrocarbons (CIEHC 5), set to take place from November 30 to December 02 this year in Brazzaville, Congo.
The event takes place at a time when the Congolese energy market is in the midst of a sectoral revival owing to regulatory reforms, an accelerated E&P drive and rapid increases in global demand for natural gas.
As the third largest oil producer in sub-Saharan Africa – with offshore extraction measured at 336,000 barrels per day from 2.9 billion barrels of proven oil reserves – the country has been focused on scaling up exploration and production in the hopes of improving energy access, industrialization and revenue generation, both in-country and across the entire sub-Saharan African region.
Driving the E&P agenda has been a slate of market-focused regulatory reforms as well as the ongoing commitment by the Ministry of Hydrocarbons led by H.E. Bruno Jean-Richard Itoua.
In the hopes of securing new investment and international oil company (IOC) participation, the Congolese government has introduced more favorable terms for operators and investors through the implementation of changes to key legal and regulatory frameworks.
Specifically, through strategic changes made within the fiscal framework; the introduction of two bid licensing round – launched in 2015 and 2018-2019, and opening up 13 blocks and 15 blocks for bidding, respectively - the introduction of a revised Hydrocarbons Code in 2016 which reduced natural gas royalties from 15% to 5% while introducing industry-specific regulations for foreign investment, as well as strong local content policies put in place, the Congo has become more attractive than ever.
And these regulatory reforms have already reaped successes across the market.
A slate of global energy majors and regional independents are currently active in the country, working in close collaboration with the national oil company, Société Nationale des Pétrolers du Congo (SNPC), including TotalEnergies, Perenco, Chevron, Eni and Lukoil, to name a few.
For their part, these companies continue to drive sustainable hydrocarbon developments across the country’s on- and offshore basins.
Meanwhile, with approximately 10 trillion cubic feet of natural gas reserves at its disposal, the country has deployed an accelerated gas drive in the hopes of positioning itself as a regional hub and globally competitive producer.
Backed by the country’s Gas Master Plan (GMP) – a medium to long-term strategy for the scaling up of natural gas investment and development in the country - the Congo has been steadfast in its commitment to unlocking the true potential of its gas sector.
On the domestic front, the GMP is targeting widespread gas-to-power adoption with the launch of projects such as Centrale Électrique du Djėno and Centrale Électrique du Congo gas-fired power plants – operated by Eni, the largest gas producer in the country.
Meanwhile, on the export front, the GMP has laid the foundation for large-scale project deployment which will see the country become one of Africa’s biggest producers of gas.
Notable projects include Eni’s Marine XII offshore block and the 1.4 million ton per annum Marine XII Fast Liquefied Natural Gas (LNG) project – set for launch in 2023.
Now, with the GMP incentivizing even further investment in the gas market, the Congo is set to witness unprecedented growth in 2022 and beyond.
“The Republic of Congo offers regional and foreign investors alike with the right operating environment, attractive resource opportunities and the market-driven regulations that will help them make high returns on investment.
Having already established itself as one of Africa’s biggest oil producers, the country is set to become one of the leading gas producers on the continent thanks to the commitment of the Ministry of Hydrocarbons and the enabling environment put in place by the government.
In 2022, with the backing of the GMP and Minister Itoua’s position as the rotating President of the Organization of Petroleum Exporting Countries, the country was able to make a strong play for Congo-directed investment, pushing a narrative of a just energy transition using gas.
I am looking forward to the discussions that will be centered around gas and sustainable hydrocarbon development,” states NJ Ayuk, Executive Chairman of the AEC.
In pursuit of enhancing dialogue around the need to drive sustainable hydrocarbon development in Africa, Ian Cloke, COO of independent oil and gas company, Afentra, will be participating at the third edition of the Angola Oil & Gas (AOG) conference and exhibition (https://bit.ly/3EtviJ1) – set to take place in Luanda from November 29 to December 1.
Joining the company’s CEO, Paul McDade, Cloke will be a key driver of all discussions regarding exploration, asset acquisition and sustainable hydrocarbon (https://bit.ly/3VfXxRX) development.
With Afentra signing a sale and purchase agreement (https://bit.ly/3VjebAa) for stakes in two offshore blocks – Block 3/05 and Block 23 – in the Lower Congo and Kwanza basins in Angola earlier this year, a move which marked the company’s debut in the resource-rich country, Afentra is set to make a strong play for exploration and production, applying its technological know-how to enhance its competitiveness in the market while reducing emissions across oil and gas (https://bit.ly/3XkQNEr) operations.
What makes the company unique is its approach to driving exploration and production in Africa.
Capitalizing on the departure of international oil companies across the continent – of which Angola is not exempt in this regard -, Afentra, led by Cloke, focuses on asset acquisition, deploying the company’s knowledge and expertise to optimize and extend productivity.
With a mandate to become a trusted partner of both IOCs (https://bit.ly/3TSruq9) and host governments in the divestment of legacy assets, Afentra has centered its strategy on managing and turning fields into profitably assets.
At AOG 2022 – the country’s premier event for policymakers, financiers and both public and private sector executives – Cloke will be sharing insight on the company’s Angola-focused developmental agenda, emphasizing how the country can drive its energy transition (https://bit.ly/3i4Ramc) to a low-carbon, sustainable future by prioritizing efficiency and commerciality as well as asset profitability.
In addition to contributing to conference dialogue, Cloke will have the opportunity to directly engage with a suite of government representatives, global financiers as well as movers and shakers from across the public and private sector fields.
Committed to establishing itself as a trusted partner, AOG 2022 (https://bit.ly/3gxOYmO) will be instrumental in helping Afentra achieve its growth objectives.
Interested in partnering with companies to the likes of Afentra?
Or looking at gaining new insight into Angola’s lucrative exploration landscape?
Join Cloke and many more industry executives at the third edition of AOG 2022 and enhance your contribution towards a sustainable and competitive energy future in Angola.
- The International Olympic Committee (IOC) and the World Health Organization (WHO) announced on Thursday a joint program aimed at increasing physical activity.
The three-year program targets those teens and adults who don't get enough physical activity, according to a recent WHO report.
The program has three goals, including supporting more people, particularly women and girls, to be more active; improve awareness of the multiple benefits of regular physical activity and strengthen and invest in community sports, the IOC announced in a press release.
"(The program) strengthens the role of sport in contributing to the global goal of a 15 percent reduction in physical inactivity by 2030 and promoting a healthy and active life," the statement said. ■
Players challenged by fans to Bring The Moves when they score in Qatar; Campaign launched in collaboration with WHO, MoPH Qatar and the SC; WHO Goodwill Ambassadors Alisson Becker, from Brazil, and Didier Drogba support campaignFIFA and the World Health Organization (WHO) in partnership with the Ministry of Public Health (MoPH), Qatar and the Supreme Committee for Delivery and Legacy (SC) launched the #BringTheMoves challenge, encouraging players at the FIFA World Cup 2022™ to meet the celebration challenges presented to them on social media by fans across the globe and encourage youngsters to #BeActive.
FIFA President Gianni Infantino said: “We know the negative impact on children’s health that a lack of exercise can have, and football can use the significant platform of this FIFA World Cup to spread that message in this exciting and engaging way.
“This challenge not only unites children with their heroes but utilises the most digital-ever World Cup to send the message that we all need to be active and drives awareness also for parents that children need 60 minutes of physical exercise a day.
At the moment, that is not the case for 80% of adolescents around the world.”In the run-up to and during FIFA World Cup 2022™, children worldwide are challenging players of participating teams to celebrate goals with fresh new moves simply by posting a video on their social media pages using the hashtag #BringTheMoves.
One former player who celebrated hundreds of goals in an illustrious career is former Côte d’Ivoire striker Didier Drogba, who is now a WHO Goodwill Ambassador.
“Being active provides many benefits to everyone, especially for children while they are growing and developing physically, mentally and socially,” said Drogba.
“Being active is good for your body and your mind – mental and physical health.”Goalkeeper Alisson Becker, who is also a WHO Goodwill Ambassador and will be coming to Qatar with Brazil, knows the importance of being in peak condition.
He wants to use the focus on the FIFA World Cup™ to encourage youngsters to #BringTheMoves and get more active.
“I support the Bring the Moves challenge because I really believe kids have to be active,” said the Liverpool goalkeeper.
“They need to be active for the good of their future as they are growing up.
I [can] see that we, football players, can be an inspiration for them as well.
So, if we can have fun with them and make them move their bodies a little bit, we’re going to be happy.”The campaign also encourages children to download GenMove (http://bit.ly/3TIiYdd), a digital app that uses artificial intelligence to encourage children to be physically active daily throughout the FIFA World Cup. Season 1 of GenMove will be launched on 19 November by Her Excellency Dr Hanan Mohamed Al Kuwari, Minister of Public Health for Qatar and Dr Tedros Adhanom Ghebreyesus, WHO Director-General, at the Walk the Talk - Health for All Challenge in Qatar.
“Football, music and joy are the perfect ingredients to get people moving for health,” said Dr Tedros.
“WHO's partnership with FIFA and Qatar Ministry of Public Health on the Bring The Moves challenge is all about connecting World Cup stars with young people globally, to motivate people everywhere to be more physically active for better health.”#BringTheMoves is part of a collaboration between FIFA, WHO and the Ministry of Public Health, Qatar designed to harness the power of football to protect and promote health for all.
This, in turn, will create a blueprint for protecting and promoting health at mass gatherings which can then be shared with the IOC and other sports organisations.
Several video assets, including Video News Release (VNR) featuring Alisson Becker and Didier Drogba, are available for editorial usage.
To download, please click HERE (http://bit.ly/3OinVbF).
The Federal Government on Monday says it is set to institute an environmental task force on oil pollution, and vowed to hold International Oil Companies (IOCs) accountable for massive pollution of environment.
The Minister of Environment, Mr Mohammed Abdullahi, said this at the 12th National Regulatory Dialogue on Implementation of National Environmental Regulations, organised by the National Environmental Standards and Regulations Enforcement Agency (NESREA), in AbujaAbdullahi said that the essence of the dialogue was to address certain gaps and produce a sufficient regulatory framework that would deal with emerging and ongoing environmental challenges.
“The federal government is conscious of the state of environmental degradation in the country and is making strong effort in addressing the situation.
“The federal government is also making efforts toward effective management, conservation and protection of the biological resources in our environment for sustainable development.
“Accordingly, the federal government will henceforth hold the international oil companies accountable for the massive pollution of our environment and its ecosystem.
“Government is set to institute an environmental task force, especially on oil pollution, and will monitor, track, evaluate and sanction these erring companies and their local collaborators.
According to the minister, “pollution follows the frangrant abuse of our coastlines, mangroves, natural habitats in the guise of prospecting or exploiting of our biodiversity resources.
“Government will apply the principles of the polluters pays’ to help in remediation efforts of polluted communities,” he said.
Abdullahi said that the Federal Government has put in place institutional framework and regulation to ensure effective environmental protection and implementation of national policy on environment.
He said that the NESREA has developed 35 national environmental regulations across difference sectors of economy.
He said the 35 regulations have been gazetted and are being implemented across the country.
He said that the agency had reviewed eight regulations to bridge the identified gaps.
“These regulations are not designed to stifle economic and industrial development but are put in place to safeguard human and sustainable use of the environmental resources.
“I, therefore, call on everyone, most especially the IOCs and industry operators, to carefully study these regulations and comply as government will not hesitate to sanction defaulters.
“As we strive to evolve and adopt different approaches and strategies in solving our environmental challenges, I wish to plead with us to work together to review these regulations.
“The effort will enable us protect our environment for future generation,” he said.
The minister expressed worry over unprecedented environmental challenges, especially pollution, climate change and biodiversity loss.
He said that the loss of global forests is at an alarming rate of 350,000 to 400,000 hectares per year.
He, however, urged stakeholders to advocate strongly on the national regulations as much as possible, adding that compliance starts with awareness and sensitisation.
The Director-General of NESREA, Prof. Aliyu Jauro, said that the dialogue is an annual programme to delineate responsibilities, share experiences and fashion out best practices to support the promotion of effective environmental compliance monitoring and enforcement in the country.
He said that the government has put in place environmental monitoring tools such as the regulation, standards and guidelines to guide the regulated community and other citizens.
He called on relevant stakeholders to comply with the regulations and policies, adding that the regulations will be constantly reviewed to respond to emerging environmental challenges.
Energy Capital & Power (ECP) (https://EnergyCapitalPower.com/) is proud to announce an exciting list of international oil companies (IOCs) that will be participating in this year's Angola Oil & Gas (AOG) 2022 Conference & Exhibition ( https://bit.ly/3UyBCpP).
The dedicated IOC panel will feature the international energy company, Azule Energy (https://bit.ly/3W0J3qx); oil and gas supermajor, ExxonMobil; sustainable development initiative, the Southern African Science Service Center for Climate Change and Adaptive Land Management (SASSCAL); and the energy multinational Equinor.
Returning to Luanda for its third edition from November 29 to December 1, AOG 2022, Angola's premier energy event, will bring together energy leaders, stakeholders, policymakers and industry experts for three days of panel discussions.
, interactive exhibitions and networking opportunities, serving as the main platform to address the most pressing issues of the country's energy market and promote socioeconomic development.
“We at ECP are very proud to announce this exciting lineup of world-renowned IOCs participating in this year's AOG Conference & Exhibition,” states Miguel Artacho, ECP International Conference Director, adding, “This esteemed lineup is indicative of Angola.
importance in the global energy space and will be essential to promote the energy future of the country”.
Angola's largest independent oil and gas producer Azule Energy, a new 50/50 independent joint venture (JV) combining the Angolan business assets of oil and gas supermajors bp and Eni, will participate during the panel IOC at this year's conference.
, demonstrating the JV's commitment to the socioeconomic development of Angola through its natural resources.
Additionally, with an interest in three deepwater blocks covering an area of approximately 8,000 km2 in Angola, ExxonMobil is committed to meeting the growing energy demand in the southern African country and will join the esteemed list of IOCs during AOG 2022.
, where it is expected to highlight the role of Angola's resources and industries within the narrative of the changing global economy.
Meanwhile, furthering the dialogue on the effects of climate change and the importance of sustainable energy in the southern African energy space, SASSCAL will participate in AOG 2022 as a speaker during the IOC panel of the conference, offering his vision on the importance of sustainable development and the transition to renewable energies.
Finally, Equinor, a partner in eight Angolan offshore production fields in the Congo Basin, has been active in Angola since 1991, consistently highlighting the country as a key market in the global energy industry and serving to maximize its existing assets and opportunities.
of exploration while contributing towards the development of the energy industry of the southern African nation.
Held under the auspices of the Angolan Ministry of Mineral Resources, Oil and Gas and in partnership with the country's national concessionaire, the National Agency for Oil, Gas and Biofuels; AIDAC; and the African Chamber of Energy, AOG 2022 is the country's flagship energy event, serving to stimulate investment and negotiation while facilitating cooperation and collaboration across multiple sectors and creating an enabling environment for business to engage with top leaders governments of the region during three days of negotiation and networking.
With the next COP27 scheduled to be held in Africa and under a different scenario from previous editions: oil, gas and nuclear energy have returned to the scene as crucial for global energy security and to ensure stable economic growth: a ministerial panel discussion during the African Energy Week (AEW) (www.AECWeek.com) 2022 emphasized the need for a unified message regarding the energy transition, one that will be carried from AEW in Cape Town to COP27 in Egypt.
Moderated by Mohamed Fouad, Founder and CEO, Egypt Oil & Gas, high-level speakers included HE Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons, Equatorial Guinea; HE Sophie Gladima, Minister of Oil and Energy, Senegal; HE Mahamane Sani Mahamadou, Minister, Niger Ministry of Petroleum; NJ Ayuk, Executive Chairman, African Chamber of Energy; and Bro. Matthew Opoku Prempeh, Minister, Ministry of Energy Resources, Ghana.
To kick off the session, HE Tarek El-Molla, Minister of Petroleum and Mineral Resources of Egypt, made a keynote presentation, stating that “this year, COP27 represents an opportunity to articulate Africa's priorities to reduce emissions, access to adequate financing and address climate impacts.
We cannot deny that oil and gas represent an essential resource globally and will continue to be part of the energy mix in the long term.
Our goal is to provide these resources more responsibly.
I am optimistic about Egyptian and African efforts to collaborate on a just energy transition in Africa.” From then on, the panel discussion got off to an electric start, with speakers emphasizing the need to face COP27 with common positions on what the energy transition should look like for the continent in the near future in order to improve cooperation and investment.
intracontinental with the aim of eliminating energy poverty.
During the discussion, an idea was given of whether a just African energy transition can be compatible with a global energy transition and whether or not the continent will be able to speak with one voice at COP27.
“All oil and gas ministers in Africa finally speak with the same voice.
It will be very important if we have a united voice.
We have worked with the APPO and the AU and the parties that go to Egypt.
In Egypt, they will hear loud and clear our position on the energy transition and regarding energy security, those are our priorities”, affirmed HE Minister Lima, adding that “We should be talking about energy security.
Once we achieve this, then we should start talking about the energy transition."
Expanding on what HE Minister Lima shared, HE Minister Gladima affirmed that, “I think that during this week we have extensively discussed the future of Africa.
The main issue on which we all agree is financing.
Funding has been cut and although we have a gas-to-electricity strategy, funding continues to be cut.
This planet has given us natural resources and we have to exploit them.
But we need to exploit them responsibly and make sure we don't make the same mistakes that others have made in the past.
Let's use our oil and gas and have the opportunity to grow.
The energy ministers must go and convince the environment ministers.
We need to decide together and find a way that is for the good of Africa.” Meanwhile, panelists discussed what priorities need to be set for the continent and what a victory in Egypt would look like for Africa.
“I don't want to talk in terms of victory, but in terms of responsibility and rights.
I will be an irresponsible leader if I sell my country on the altar of energy transition without talking about the importance of energy security or energy access or without talking about energy affordability.
The energy ministers have been meeting, building and developing consensus.
We must not allow ourselves to be divided between environment and development”, said HE Minister Prempeh, adding that “we are going to the COP to tell everyone of our responsibility as leaders.
First, to the people who elected us and whom we have accepted to govern.
If we talk about the energy transition, we will talk about using what God has given us to use.
We will continue to exploit our reserves for the socioeconomic development of the country."
From then on, the conversation turned to the role and position of international oil companies (IOCs), with HE Minister Mahamadou stating: “When it comes to IOCs, in the same way that African countries and ministers have to remain united and speak with one voice, the COIs have to unite us to that single narrative that we share.
When it comes to Niger, we have three active IOCs, so we are working closely with them to ensure that the full potential of oil and gas is exploited,” adding that, “When it comes to the environment, in Niger, 80% of the population lives in rural areas.
They depend on biomass and have to do damage to the environment.
The way we proceed is that we give them access to a clean kitchen and we avoid harming the environment.” Finally, the need for a consolidated message was further emphasized, with Ayuk stating that, “Drill baby drill – that should be Africa's message to the world.
If you want to solve energy poverty, gas baby gas.
Europe wants to call gas green: it has always been green.
If it is green gas for Europe, why is it not for Africa?
We can do better by toning down the rhetoric that power producers are evil or bad people.
We need to go to COP27, supporting our energy producers.
We should not apologize for our energy sector.
That is the message we must carry.”
With National Oil Companies (NOCs) ramping up asset acquisitions as International Oil Companies (IOCs) divest from African oil and gas, an African Energy Week (AEW) 2022 panel discussion (https://www.
.AECWeek.com/) on 'A Return to African Hands: Pragmatic local content, Africa content and assets transfer' explored the readiness of NOCs to develop such assets.
Moderated by Kwame Baah-Nuakoh, General Manager, Ghana National Petroleum Corporation, speakers included Yemi Adetunji, Downstream Group Executive Director, Nigerian National Petroleum Corporation Ltd; Robin Sutherland, President and CEO of Baobab Energy Africa; Ejike Egbuagu, CEO/Founder, Coin Invest Africa; Tony Paul, Advisor to the African Development Bank; Dr. James Edet, President of the Nigerian Association of Petroleum Explorers (NAPE); Jacinto Owono, Director - Local Content, Ministry of Mines and Hydrocarbons, Equatorial Guinea; and Ing. Fuad Mosa, General Supervisor of Local Content, Risk and Crisis Management, Ministry of Energy of Saudi Arabia.
As long-term concessions come to an end in some of Africa's most established hydrocarbon producers, and large companies begin to divest these assets, speakers explored whether or not African companies and technical staff are ready to capitalize on the opportunities still present in these assets, and the role local content plays in upskilling the workforce.
Kicking off the discussions, Sutherland stated that, “We can see big companies starting to talk about their energy transition, and now focusing on carbon emissions and leaving behind the expected fruit where local African companies can make a significant living.” .
This is a natural move and we are helping, starting as the operator in charge of getting the financing and then gradually helping him acquire the remaining skills he needed to take over the operation with us as a strong partner.” Expanding on this natural evolution, Dr. Edet stated that “a lot of experience is leaving the industry.
So who takes charge?
NAPE participates in all kinds of discussions about training and business, raising many young people.
We need to change the way we educate our students and youth.
Training and education are key.
According to Ing. Mosa, “The issue of local content and ensuring energy is key.
To secure energy sustainably, you need to think about local content.
You must first understand your value position.
Our leaders thought long term about leveraging our value position.
Based on this, we have established the right incentives to create demand.
Local content starts by creating demand.” Focusing on Nigeria, Adetunji emphasized that “the country's downstream sector is 100% Nigerian.
We have had the benefit of a long period of development.
Development has moved through the COIs and we have gained a lot of experience in this time.
Even when the big ones were in the country, Nigeria had 60% of these operations, so it was easy for us to take them on.
Now, with IOCs leaving the shallows to focus on deep offshore basins, the Nigerians are ready to take charge of this.” Meanwhile, Paul stated that he has “admired what Nigeria has done”, adding that “the level of projects allows you to invest in capacity.
First, you have the ability to oversee it: the regulator, and then you have the projects and capacity building.
Ghana has done something similar and is going ahead with setting up a regulator, but it has a small population with many projects.
The level of implementation is significantly based on the market base.
Regulatory frameworks provide clarity and consistency, but you need someone to oversee and enforce them.” Turning to Equatorial Guinea, Owono said: “When we started exploring, we didn't want to invent the wheel.
We sit down and plan the trip with people who have done it before.
In this way, we were able to implement our local content framework.
Now, we foster partnerships and create joint ventures with companies that have experience.
We feel that sooner or later we will take our destiny into our own hands.” With international oil companies moving forward with divestment strategies, prioritizing renewable projects over oil and gas, African NOCs and independents are rising to the challenge, with speakers providing insights on financing and the organization pushing local content in Africa.
According to Egbuagu, “We are facing the possibility of running out of funding, but we still need to develop.
So we need to think about how to channel African funds to African projects.
In order to scale and fulfill the interests that we have together, we need to recognize Africa as a bloc and be able to gather demand and then consider funding as a bloc.
We have coined the term 'African content' and we want African countries to embrace it.
We want to see Nigerian companies operating in Namibia, creating skills and transfer programs.
We created Moneda to be a bridge between banking and execution”.