Month: November 2024

 The downstream sector is vital in allowing the African continent to benefit from its resources. A panel discussion at this year’s African Energy Week (AEW): Invest in African Energies 2024 conference, titled From Feasibility to Bankability – Developing a Sustainable Finance Strategy for African Downstream, explored the critical steps in developing the right mechanisms to make Africa’s downstream projects achieve bankability. Africa needs to prioritize the development of its downstream […]

 The Critical Minerals Africa (CMA) 2024 Summit kicked-off today in Cape Town with presentations on the state of play of the African market presented by market research firms Project Blue and Rystad Energy as well as investment organization The World. Nils Backeberg, Founder&Director at Project Blue, stated that geopolitical shifts and the rising demand for metals essential to energy transition technologies are impacting the African market. “Changes in government policies […]

 This year’s African Energy Week: Invest in African Energies 2024 conference featured a Financing Angolan Energies session that explored how Angola can secure the investment it needs to expand its energy sector and leverage its vast oil and gas resources for local industry and global export. With a new bid round in preparation, Angola is gearing up to attract investment to its greenfield projects, while simultaneously maximizing production from mature […]

 During a pre-conference workshop at African Energy Week 2024 (AEW): Invest in African Energy, a Local Content Masterclass, sponsored by state-owned Nigerian Content Development and Monitoring Board (NCDMB), highlighted strategies to strengthen indigenous participation in the African oil and gas industry. Led by experts from NCDMB, the masterclass highlighted strategies and achievements for building Nigeria’s local content capacities. Abayomi Bamidele, Head of Project Certification and Authorization at NCDMB, set the […]

 Angola’s National Oil, Gas and Biofuels Agency (ANPG) has announced that Angola will publish the decree for the Incremental Production Law within two weeks. This announcement was made by ANPG’s Production Director, Rui Afonso, during a keynote he presented at Africa Energy Week: Invest in African Energies 2024. The Incremental Production Law aims to reverse declining output in Angola’s oil fields, which have been in operation for over two decades. […]

 The Yakaar-Teranga project – situated offshore Senegal – is expected to make a Final Investment Decision (FID) in 2025, with production starting between 2028 and 2029, said Petrosen Director General Thierno Ly.   Speaking at a Technip Energies-sponsored Invest in MSGBC Energies panel discussion at African Energy Week: Invest in African Energies, Ly explained that the project focuses on producing gas for the domestic market.   “We are working with our partner […]