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He was responding to media speculation about
a possible acquisition.
ExxonMobil, for its part, has declined to
respond to reports of a buy-out, with company
representatives telling the Nigerian press that
they would not comment on the details of com-
mercial agreements.
Seplat Energy, which is listed in both Nige-
ria and London, a leading supplier of gas to the
Nigerian domestic power generation market. It
is interested in expanding its upstream portfolio
In the meantime, ExxonMobil has exited
investments worth billions of dollars in oil
and gas fields in Europe, Asia and Africa with Seplat is a leading supplier of gas to Nigerian power plants (Photo: Seplat Energy)
the intent of streamlining its business. The US
super-major has said it wants to focus on a stake in the Doba oilfield in Chad.
few mega-projects at home and abroad, and to Nevertheless, ExxonMobil’s President Liam
this end it has accelerated asset divestments in Mallon said in early October that his company
Africa this year. Reuters noted that ExxonMobil remained “committed” to Nigeria despite its
had recently sold its 80% interest in a Ghanaian decision to divest from a shallow-water joint
offshore block and was proposing to offload its venture with Nigerian National Petroleum

Kenyan private sector to back green

hydrogen and ammonia production

KENYA THE Kenya Private Sector Alliance (KEPSA)
has signed a memorandum of understanding
(MoU) with green energy company Fortes-
cue Future Industries (FFI) to help facilitate its
members’ participation in green hydrogen and
ammonia production in Kenya.
FFI, a wholly owned subsidiary of the Aus-
tralian iron ore company Fortescue Metals
Group (Fortescue), is in the process of assessing
a proposed integrated large-scale green hydro-
gen and green ammonia production facility, uti-
lising renewable energy in Kenya.
“FFI is rapidly advancing and investing in a
wide range of green energy initiatives, includ-
ing the development of large-scale green energy
projects worldwide. We are committed to sup-
porting economic growth, employment cre-
ation, empowerment of youth and small and FFI is assessing an integrated green hydrogen and ammonia project (File Image)
medium-sized enterprises [SMEs] and the
potential to alleviate poverty in the local com- climate change and sustainability.
munities we operate in,” stated FFI CEO Julie “This includes the development of the Cli-
Shuttleworth. mate Change Act in 2016, the National Climate
Carole Kariuki, KEPSA’s CEO, noted that Change Action Plans (NCCAP) 2018-2022 and
the Alliance had been a champion of sustaina- ongoing development of Climate Change Reg-
ble and inclusive business practices and efforts ulations that seek to provide incentives for busi-
to address climate change mitigation and adap- nesses implementing climate change initiatives,”
tation. These efforts, she said, are co-ordinated said Kariuki.
through the Environment, Water and Natural Through KEPSA, FFI will engage with pri-
Resources Sector Board at KEPSA, which works vate-sector players to seek and take advantage
closely with the government. of supply chain and downstream green indus-
“KEPSA has been instrumental in champi- trialisation opportunities through advocacy and
oning the development of business-friendly pol- collaboration with public sector stakeholders to
icies and regulatory frameworks for addressing support rapid project mobilisation.

Week 48 01•December•2021 www. NEWSBASE .com P9