The Euonymus Post, Windhoek (2024)

30/04/2022

The African Energy Chamber spoke with Tami Itembu, Public and Government Affairs at ExxonMobil and Production Namibia about the company’s plans in the high prospect market. Ahead of the African Energy Week (AEW), Africa’s premier event for the oil and gas sector, which will be held under the theme “Exploring and Investing in Africa’s Energy Future while Driving an Enabling Environment,” the African Energy Chamber (AEC) spoke with Tami Itembu, Public and Government Affairs at ExxonMobil and Production Namibia, in an exclusive interview, about the company’s vision in one of Africa’s emerging hydrocarbons market and the role the country can play in improving energy security across the region....

https://euonymuspost.com/exxonmobil-and-the-future-of-namibias-hydrocarbons-market/

The African Energy Chamber spoke with Tami Itembu, Public and Government Affairs at ExxonMobil and Production Namibia about the company’s plans in the high prospect market. Ahead of the African Ene…

20/04/2022

The Euonymus Post Power List 2022
https://euonymuspost.com/the-euonymus-post-power-list-2022/

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19/04/2022

The Libyan National Oil Company (NOC) has declared force majeure on another key Libyan oil field, the 300,000 bpd Al Sharara, amid protests that had shut down production at two ports and the El Feel oilfield on Sunday. According to the NOC, “a group of individuals put pressure on workers in the Al-Sharara oil field, which forced them to gradually shut down production and made it impossible for the NOC to implement its contractual obligations”. ...

https://euonymuspost.com/libya-halts-production-on-biggest-oilfield/

The Libyan National Oil Company (NOC) has declared force majeure on another key Libyan oil field, the 300,000 bpd Al Sharara, amid protests that had shut down production at two ports and the El Fee…

14/04/2022

Africa Oil Week has entered into a partnership with the African Energy Commission(AFREC), a part of African Union (AU). AFREC’s responsibility is to develop the African energy sector for all AU Member states and as part of the Africa Oil Week partnership, AFREC will facilitate a ministerial dialogue at this year’s event, hosted from 3-7 October in Cape Town, South Africa....

https://euonymuspost.com/africa-oil-week-partners-with-africa-energy-commission/

Africa Oil Week has entered into a partnership with the African Energy Commission(AFREC), a part of African Union (AU). AFREC’s responsibility is to develop the African energy sector for all AU Mem…

14/04/2022

Nigeria has lost one of their finest energy personalities, Engr. Joe Makoju. Energy Joe Makoju died on Monday. Until his death, Engr Joe Makoju held positions such as the Managing Director of NITEL, CEO of PHCN, Managing Director, National Electric Power Authority (NEPA), Group Managing Director Dangote Cement Group, President of Cement Manufacturers Association of Nigeria, Special Advisor to President Goodluck Jonathan on Electric Power, Board Member of Abuja Electricity Distribution Company (AEDC), Member of Presidential Ad-hoc Committee on Review of Electricity Tariff....

https://euonymuspost.com/nigerian-energy-sector-loses-joe-makoju/

Nigeria has lost one of their finest energy personalities, Engr. Joe Makoju. Energy Joe Makoju died on Monday. Until his death, Engr Joe Makoju held positions such as the Managing Director of NITEL…

11/04/2022

OPEC does not have the additional spare capacity to lift crude oil production much more than it is doing today, Nigeria’s Petroleum Minister Timipre Sylva told Anadolu Agency on Friday. “It is not something that you can open a tap for at this point. You must have the additional capacity, the idle capacity to bring on, but it takes a lot of work and a lot of investment for it to have additional production,” the Nigerian minister told the Turkish news agency in an interview....

https://euonymuspost.com/nigerian-petroleum-minister-says-opec-is-out-of-spare-capacity/

OPEC does not have the additional spare capacity to lift crude oil production much more than it is doing today, Nigeria’s Petroleum Minister Timipre Sylva told Anadolu Agency on Friday. “…

07/04/2022

Executives from several U.S. LNG producing companies met with European energy officials to discuss purchases of liquefied natural gas. The meetings, held in the United States, followed a promise made by President Biden to the European Union that U.S. LNG producers will supply at least 15 billion cubic meters of liquefied natural gas to the EU this year more than previously planned, per a White House fact sheet from late March....

https://euonymuspost.com/european-energy-officials-in-the-u-s-to-meet-energy-firm-executives/

Executives from several U.S. LNG producing companies met with European energy officials to discuss purchases of liquefied natural gas. The meetings, held in the United States, followed a promise ma…

07/04/2022

The federal government of Canada has granted its approval for a $12-billion oil project offshore Newfoundland and Labrador, to be led by Norwegian state major Equinor. According to the Norwegian company, the Bay du Nord project consists of several discoveries made between 2013 and 2020 that have combined recoverable reserves of some 300 million barrels of oil. Revenues for the Canadian government are estimated at some $2.8 billion (C$3.5 billion), according to the company....

https://euonymuspost.com/canada-approves-12-billion-newfoundland-and-labrador-deepwater-oil-project/

The federal government of Canada has granted its approval for a $12-billion oil project offshore Newfoundland and Labrador, to be led by Norwegian state major Equinor. According to the Norwegian co…

06/04/2022

The Director General of the International Atomic Energy Agency (IAEA), Rafael Mariano Grossi, visited Russia for talks with senior Russian officials after a visit to Ukraine where he is seeking to ensure the safety of nuclear facilities. Grossi held detailed discussions with senior Ukrainian government officials at the South Ukraine Nuclear Power Plant (NPP) on the concrete steps that need to be taken to deliver urgent technical assistance for nuclear safety and security in Ukraine....

https://euonymuspost.com/u-n-nuclear-watchdog-chief-visits-russia/

The Director General of the International Atomic Energy Agency (IAEA), Rafael Mariano Grossi, visited Russia for talks with senior Russian officials after a visit to Ukraine where he is seeki…

06/04/2022

The world needs to rapidly accelerate its transition away from coal and other fossil fuels to avoid extreme climate change, according to a report by the U.N. climate science panel. The report justifies the growing concern among scientists, activists and governments that promises to slash greenhouse gas emissions so far are inadequate to keep global temperatures from rising more than 1.5 or 2 degrees Celsius – the level at which researchers say climate change risks spinning out of control....

http://euonymuspost.com/shift-to-clean-energy-must-speed-up-to-avoid-worst-of-climate-change-u-n-panel-says/

The world needs to rapidly accelerate its transition away from coal and other fossil fuels to avoid extreme climate change, according to a report by the U.N. climate science panel. The report justi…

05/04/2022

Most African countries are coal-free; however, South Africa still relies heavily on the fossil fuel for electricity production, a report shows. Independent non-profit think tank Ember last week issued its Global Electricity Review 2022, which showed that globally clean energy sources accounted for 38% of electricity production, outweighing coal at 36%. Wind and solar are the fastest-growing sources of electricity and accounted for a tenth of global electricity production in 2021....

https://euonymuspost.com/south-africa-still-heavily-reliant-on-coal-for-electricity/

Most African countries are coal-free; however, South Africa still relies heavily on the fossil fuel for electricity production, a report shows. Independent non-profit think tank Ember last week iss…

05/04/2022

Energy experts say the growing oil crisis across the globe is a wake-up call for the African continent to be become less dependent on foreign oil supplies. The cost of fuel has risen sharply, with Brent crude oil hitting a 14-year high in recent weeks. It remains firmly above $100 per barrel at the time of publication. With the military conflict in Ukraine, concerns have arisen around the world’s ability to meet its energy needs....

https://euonymuspost.com/what-the-global-oil-crisis-means-for-africa/

Energy experts say the growing oil crisis across the globe is a wake-up call for the African continent to be become less dependent on foreign oil supplies. The cost of fuel has risen sharply, with …

05/04/2022

The 60 largest banks in the world poured as much as $742 billion in fossil fuel financing in 2021 alone, a new report by environmental groups showed this week. Since the Paris Agreement was adopted in 2015, the world’s largest commercial and investment banks have financed fossil fuels with a cumulative $4.6 trillion, according to the annual Banking on Climate Chaos report from Oil Change International, Rainforest Action Network, BankTrack, Indigenous Environmental Network, Reclaim Finance, Sierra Club, and Urgewald....

https://euonymuspost.com/worlds-top-banks-financed-fossil-fuels-with-742-billion-in-2021/

The 60 largest banks in the world poured as much as $742 billion in fossil fuel financing in 2021 alone, a new report by environmental groups showed this week. Since the Paris Agreement w…

04/04/2022

Despite shutdowns in its Shanghai plant, rising nickel prices, and the ongoing supply chain crisis, Tesla successfully delivered 310,048 cars worldwide. This represented a slight increase from the 309,000 it delivered last quarter and a whopping 68% increase from Q1 2021. Wedbush analyst Dan Ives noted that Tesla’s deliveries were “better than feared” considering the pervading supply chain issues affecting the auto segment today....

https://euonymuspost.com/tesla-delivers-more-cars-despite-supply-chain-crisis/

Despite shutdowns in its Shanghai plant, rising nickel prices, and the ongoing supply chain crisis, Tesla successfully delivered 310,048 cars worldwide. This represented a slight increase from the …

04/04/2022

Crude oil and condensate production in Russia fell slightly in March compared to February, Reuters reported on Friday, citing sources with knowledge of the data. In March, Russia pumped 11.01 million barrels per day (bpd) of crude and condensate, down from 11.08 million bpd it had produced in February, according to Reuters’ sources. Russia doesn’t differentiate between crude oil production and condensate production in its official output figures....

https://euonymuspost.com/russian-oil-production-has-already-begun-to-decline/

Crude oil and condensate production in Russia fell slightly in March compared to February, Reuters reported on Friday, citing sources with knowledge of the data. In March, Russia pumped 11.01 milli…

04/04/2022

It would be fair to say that when it comes to Africa’s energy industry, Africa and Europe have been at odds for the last several years. Europe, which has valid concerns about protecting the climate and moving the world toward net-zero emissions goals, has been urging African oil- and gas-producing states not only to accelerate their transition to green energy sources, but also to send it into overdrive....

https://euonymuspost.com/its-time-for-europe-and-africa-agree-on-a-green-gas-deal/

It would be fair to say that when it comes to Africa’s energy industry, Africa and Europe have been at odds for the last several years. Europe, which has valid concerns about protecting the climate…

30/03/2022

In a time when many countries are winding down investments in hydrocarbons and fossil fuels, we have found ourselves in a situation where a continent rich in resources is unable to use and exploit them for the development of its people. With a push from western countries, environmentalist and major banks, investments in the African Oil and Gas sector have dwindled over the last few years....

https://euonymuspost.com/africa-needs-investment-to-develop-its-resources-especially-its-oil-and-gas/

In a time when many countries are winding down investments in hydrocarbons and fossil fuels, we have found ourselves in a situation where a continent rich in resources is unable to use and exploit …

30/03/2022

An electric Porsche 911 powered by solid-state batteries is in the works, according to a recent report from German publication Manager Magazin (via Ecomento). While the electric sports car will reportedly appear in some form later this decade, it's unclear whether this is a one-off experiment or something genuinely being prepared under research and development—or product development—channels. We do know that Porsche parent Volkswagen has been longtime investor in solid-state battery firm QuantumScape, though....

https://euonymuspost.com/porsche-is-looking-to-use-solid-state-batteries-on-their-911-electric-sports-car/

An electric Porsche 911 powered by solid-state batteries is in the works, according to a recent report from German publication Manager Magazin (via Ecomento). While the electric spor…

29/03/2022

Reports have emerged that auto parts maker Aptiv, which supplies carmakers like Tesla and General Motors’ joint venture in China, has suspended its operations at its Shanghai production facility. The shutdown was reportedly due to issues related to the current outbreak of the Covid-19 virus in China. Aptiv operates a number of production facilities in Shanghai’s Jiading district, which is located in the western portion of the city....

https://euonymuspost.com/auto-parts-maker-and-supplier-aptiv-suspends-operations-due-to-covid-19-in-china/

Reports have emerged that auto parts maker Aptiv, which supplies carmakers like Tesla and General Motors’ joint venture in China, has suspended its operations at its Shanghai production facility. T…

29/03/2022

Russian oil exports fell last week, with average shipments of around 3.63 million barrels per day (bpd) between March 17 and 23, down by 26.4 percent compared to the previous week, Bloomberg reported on Monday, citing industry data it had seen. While most Western countries—with the exception of the United States and the UK—have not imposed embargoes on Russian oil imports, many buyers in Europe and the West have tried to steer clear of Russian shipments amid concerns over future embargoes and/or sanctions, or as a “self-sanctioning” precaution amid public pressure to stop financing Vladimir Putin’s war in Ukraine....

https://euonymuspost.com/russias-oil-exports-slumped-26-last-week/

Russian oil exports fell last week, with average shipments of around 3.63 million barrels per day (bpd) between March 17 and 23, down by 26.4 percent compared to the previous week, Bloomberg r…

28/03/2022

Energy sector Managing Directors and Chief Executives Officers of state-owned institutions will from April 1, 2022, to December 2022 have their monthly salaries slashed by 30 per cent. This is part of a raft of measures being introduced by President Akufo-Addo’s administration to address the economic challenges faced by the debt-ridden West African nation. Ghana’s nominal debt to GDP, as of the end of November 2021 stood at 78.4 per cent....

https://euonymuspost.com/energy-sector-ceos-mds-others-in-ghana-to-suffer-30-pay-cut-for-the-rest-of-the-year/

Energy sector Managing Directors and Chief Executives Officers of state-owned institutions will from April 1, 2022, to December 2022 have their monthly salaries slashed by 30 per cent. This is part…

28/03/2022

Global energy-related carbon dioxide emissions rose 6% in 2021, reaching their highest level ever due to increased use of coal power plants, according to new analysis from the International Energy Agency (IEA). The increase in global CO2 emissions was the largest in history in absolute terms, more than offsetting 2020's pandemic-induced declines, according to the IEA. While global coronavirus lockdowns reduced emissions in 2020, the global economy recovery of 2021 brought them back up....

https://euonymuspost.com/global-co2-emissions-from-coal-were-at-a-record-high-in-2021/

Global energy-related carbon dioxide emissions rose 6% in 2021, reaching their highest level ever due to increased use of coal power plants, according to new analysis from the International Energy …

25/03/2022

Europe faces an unprecedented energy crisis that requires extraordinary policy action, such as a possible 100 billion euro in relief funds to businesses hit the hardest by soaring energy prices. Bloomberg cites MF daily that said the European Union is considering a massive 100 billion euro bond issuance for a new relief program that would provide relief funds to businesses hit hardest by rising gas and electricity prices, as criticism soars about out of control commodity inflation and the bloc’s inability to tame prices....

https://euonymuspost.com/eu-proposes-100-billion-relief-program-for-energy-hit-businesses/

Europe faces an unprecedented energy crisis that requires extraordinary policy action, such as a possible 100 billion euro in relief funds to businesses hit the hardest by soaring energy prices.&nb…

24/03/2022

Despite pledges from numerous international oil majors to leave Russia, this is easier said than done, and companies from the U.S. and the UK are still stuck with their Russian assets, Patrick Pouyanne, CEO at TotalEnergies, said on Wednesday. In the days after the Russian invasion of Ukraine began, UK's BP and Shell said they would divest their Russian assets and stop trading with Russian oil....

https://euonymuspost.com/oil-majors-exit-from-russia-easier-said-than-done/

Despite pledges from numerous international oil majors to leave Russia, this is easier said than done, and companies from the U.S. and the UK are still stuck with their Russian assets, Patrick Pouy…

23/03/2022

Maserati plans to add all-electric versions of each of its models by 2025, and is aiming for an all-EV lineup by 2030, executives said in a recent press conference. Electric models will be designated Folgore (Italian for "lightning"). The first one will be the GranTurismo Folgore coupe, set to debut in 2023, with a GranCabrio convertible version following later in the year....

https://euonymuspost.com/maserati-to-offer-fully-electric-versions-of-its-vehicles-by-2025-and-become-all-electric-by-2030/

Maserati plans to add all-electric versions of each of its models by 2025, and is aiming for an all-EV lineup by 2030, executives said in a recent press conference. Electric models will be designat…

23/03/2022

Tesla Gigafactory Berlin-Brandenburg may have seen its own fair share of delays, but the facility was still completed quickly, at least compared to other high-profile projects in the area. This was a point highlighted by Chancellor Olaf Scholz during Giga Berlin’s opening ceremony, which was attended by Tesla CEO Elon Musk and several other government officials. The massive electric vehicle factory ultimately entered operations after almost two years of construction....

https://euonymuspost.com/believe-in-the-future-elon-musk-officially-opens-gigafactory-berlin/

Tesla Gigafactory Berlin-Brandenburg may have seen its own fair share of delays, but the facility was still completed quickly, at least compared to other high-profile projects in the area. This was…

22/03/2022

The UK’s Oil and Gas Authority, the industry watchdog, plans to hold an oil and gas licensing round for the North Sea this year, the Financial Times has reported, noting it would be the first licensing round since 2020. The news comes weeks after reports that the UK government was considering a ban on new drilling permits in the North Sea....

https://euonymuspost.com/uk-schedules-first-oil-gas-licensing-round-in-2-years/

The UK’s Oil and Gas Authority, the industry watchdog, plans to hold an oil and gas licensing round for the North Sea this year, the Financial Times has reported, noting it would be the first licen…

22/03/2022

Battery prices for electric vehicles are seeing a “ridiculous” increase on the back of soaring raw material prices, and carmakers will soon have to raise prices if they haven’t done it yet, according to the top executive of Chinese electric vehicle manufacturer Li Auto Inc. “The cost of batteries in the second quarter rose by a very ridiculous amount,” Bloomberg quoted Li Auto’s chief executive officer Li Xiang as saying on his Weibo account this weekend....

https://euonymuspost.com/chinese-ev-maker-say-batteries-on-a-ridiculous-cost-surge/

Battery prices for electric vehicles are seeing a “ridiculous” increase on the back of soaring raw material prices, and carmakers will soon have to raise prices if they haven’t done it yet, accordi…

21/03/2022

India’s solar open access installations witnessed a sharp growth during 2021 with the country adding 1.2 gigawatts (GW) of open access solar capacity during the year, according to Mercom India. The country had installed 383 megawatt (MW) of open access solar capacity in 2020, the research firm said. Solar power through Open Access is an arrangement where a power producer establishes a solar power plant and signs a medium/long-term power purchase with a consumer....

https://euonymuspost.com/india-adds-1-2-gw-open-access-solar-capacity-in-2021/

India’s solar open access installations witnessed a sharp growth during 2021 with the country adding 1.2 gigawatts (GW) of open access solar capacity during the year, according to Mercom India. The…

21/03/2022

Italian energy group Eni said last Friday it could is could provide extra gas to Europe to help reduce reliance on Russian supplies after Moscow’s invasion of Ukraine. Eni made the pledge as it set out its strategy to 2025, promising investors better returns and vowing to pick up the pace on its climate ambition to be carbon neutral by 2050....

https://euonymuspost.com/eni-pledges-more-gas-for-europe-to-help-cut-reliance-on-russian-gas/

Italian energy group Eni said last Friday it could is could provide extra gas to Europe to help reduce reliance on Russian supplies after Moscow’s invasion of Ukraine. Eni made the pledge as it set…

19/03/2022

The International Energy Agency has released a 10-point plan aimed at reducing global oil consumption by as much as 2.7 million barrels daily. The focus of the measure that the IEA has put forward is on transportation. Measures include encouraging carpooling on inter-urban journeys and the use of alternative modes of transportation such as trains and bicycles. Boosting fuel efficiency by changing driver habits in the freight transport industry is also among the ideas that the IEA is suggesting in a bid to cut oil consumption....

https://euonymuspost.com/the-international-energy-agency-releases-plan-to-cut-oil-use/

The International Energy Agency has released a 10-point plan aimed at reducing global oil consumption by as much as 2.7 million barrels daily. The focus of the measure that the IEA has put forward …

18/03/2022

Sub-Saharan Africa, the region with the lowest universal access to energy, needs $350 billion in investments, one-fifth of which needs to be off the grid, to achieve universal electricity access by the end of this decade, Wood Mackenzie said on Thursday. According to the African Development Bank Group, more than 640 million Africans have no access to energy, which corresponds to an electricity access rate for African countries at just above 40 percent, the lowest in the world....

https://euonymuspost.com/africa-needs-350-billion-investment-by-2030-to-achieve-universal-electrification/

Sub-Saharan Africa, the region with the lowest universal access to energy, needs $350 billion in investments, one-fifth of which needs to be off the grid, to achieve universal electricity access by…

17/03/2022

Washington State is once again looking to end sales of new internal-combustion cars and trucks by 2030. The state legislature passed HB 1204/SB 5256, collectively known as Clean Cars 2030, on March 11. The legislation would require all new vehicles sold in Washington to be electric starting with the 2030 model year, excluding vehicles weighing more than 10,000 pounds, according to a fact sheet....

https://euonymuspost.com/washington-is-attempting-to-end-the-sale-of-ice-vehicles-again/

Washington State is once again looking to end sales of new internal-combustion cars and trucks by 2030. The state legislature passed HB 1204/SB 5256, collectively known as Clean Cars 2030, on March…

17/03/2022

Tesla’s primary vehicle export hub, Gigafactory Shanghai, is suspending its operations for two days. The halt comes as China deals with its latest Covid outbreak, which has forced the country to adopt stringent safety restrictions once more. The temporary pause in the massive electric vehicle production facility’s operations was shared in a notice sent internally and to the company’s suppliers. …...

https://euonymuspost.com/tesla-to-shut-down-its-shanghai-factory-for-two-days-amid-chinas-latest-covid-outbreak/

Tesla’s primary vehicle export hub, Gigafactory Shanghai, is suspending its operations for two days. The halt comes as China deals with its latest Covid outbreak, which has forced the country to ad…

16/03/2022

Ford and Volkswagen on Monday confirmed an expansion of their relationship around electric vehicles, resulting in a second electric vehicle based on VW’s MEB platform for EVs, as well as a longer-term plan to double Ford’s volume of models on that platform to 1.2 million units over a six-year span. Ford has confirmed that the first model from the brand to use VW’s underpinnings will be a crossover, due to be made in Cologne, Germany, starting in 2023....

https://euonymuspost.com/ford-confirms-second-vw-based-ev-for-europe/

Ford and Volkswagen on Monday confirmed an expansion of their relationship around electric vehicles, resulting in a second electric vehicle based on VW’s MEB platform for EVs, as well as a longer-t…

16/03/2022

On its way to establishing production for its EQS SUV in the U.S., Mercedes-Benz has confirmed a partnership with battery supplier Envision AESC that will result in a battery facility in Bibb County, Georgia. According to Mercedes-Benz, the new battery facility “underscores the importance of the U.S. within the Mercedes-Benz global production network and the status of Alabama as an export hub for luxury SUVs also in the electric era.”...

https://euonymuspost.com/mercedes-benz-will-make-its-eqs-suv-at-its-tuscaloosa-plant/

On its way to establishing production for its EQS SUV in the U.S., Mercedes-Benz has confirmed a partnership with battery supplier Envision AESC that will result in a battery facility in Bibb Count…

15/03/2022

Tullow Oil plc. has announced plans to drill about six new wells in Ghana’s offshore oilfield this year. Per its 2022 outlook, Tullow said it plans to drill three new wells at the Jubilee and three new wells including two strategic wells, at the TEN fields to further define future development plans, as well as investment in infrastructure for the undeveloped Jubilee South-East and North-East areas....

https://euonymuspost.com/tullow-oil-plans-to-drill-six-new-wells-in-ghana-by-the-end-of-the-year/

Tullow Oil plc. has announced plans to drill about six new wells in Ghana’s offshore oilfield this year. Per its 2022 outlook, Tullow said it plans to drill three new wells at the Jubilee and three…

15/03/2022

Greenpeace France and the local chapter of Friends of the Earth have threatened TotalEnergies with a lawsuit if the supermajor does not pull out from Russia, Reuters has reported, citing a letter by the two non-governmental organizations to TotalEnergies' chief executive. The organizations said in their letter that under French criminal law, corporate executives could be held responsible for their companies' involvement with countries participating in armed conflict, which, according to the two, can constitute complicity in war crimes and crimes against humanity....

https://euonymuspost.com/greenpeace-and-friends-of-the-earth-threaten-to-sue-totalenergies-if-it-doesnt-exit-russia/

Greenpeace France and the local chapter of Friends of the Earth have threatened TotalEnergies with a lawsuit if the supermajor does not pull out from Russia, Reuters has reported, citing a letter b…

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