By Clarence Seedorf (Chair, Black Impact Foundation) and NJ Ayuk (Chair, African Energy Chamber [www.EnergyChamber.org]) There’s no question that the COVID-19 pandemic has sent global energy markets reeling. Oil and gas has undeniably been one of the hardest-hit industries, with prices still struggling to rebound from the collapse in demand during the first quarter of 2020. Coupled with increasing concerns about climate change and its effect on conventional energy production, it seems difficult to find a bright spot. But there is one, and it’s Suriname. In the year since news reports first began describing a novel coronavirus in China, the resource-rich waters off the South American nation have become the target for increased drilling activity, and a growing number of producers are taking a chance on the region’s potential. Last April, for example, Apache Corporation and Total reported a significant oil offshore discovery. The successful Sapakara West-1 well was actually […]
BENIN CITY - THE member representing Ovia Federal constituency, Hon Dennis Idahosa yesterday averted what could have snowballed into a communal war in Edo state when he waded into the traditional leadership in Iguobazuwa, Ovia South West local government area pledging to ensure its peaceful resolution.