Month: November 2024

 Africa’s abundant energy potential, coupled with Europe’s ambitious production and import goals, have resulted in the development of a burgeoning global green hydrogen economy. Africa currently has 125 GW of hydrogen capacity with major contributors including Egypt, Mauritania, South Africa, Morocco, Namibia and Kenya – a group of nations that form part of the Africa Green Hydrogen Alliance group. A dedicated panel session titled, Hydrogen Summit: Unleashing the African Green […]

 During his keynote session at Africa Energy Week: Invest in African Energies 2024, Yves Postec, Managing Director of Perenco Cameroon, emphasized the transformative potential of gas in powering Cameroon's industrialization, citing the company's successful June 2024 gas delivery to Société Nationale des Hydrocarbures (SNH) as a critical milestone.   “Delivering gas to SNH marks a crucial development for industrial growth in Cameroon,” Postec emphasized.  Perenco, the leading oil and gas operator […]

 Diamond Sponsor of this year’s African Energy Week: Invest in African Energies 2024 conference, logistics and port operations company Africa Global Logistics (AGL), has affirmed its commitment to contributing to the growth of the African energy sector. Active in 47 African countries, the company operates in energy, mining and power generation sectors across the continent. Speaking at a Fireside Chat this week, AGL’s Managing Director for the Southern Region of […]

 Société Nationale des Pétroles du Congo (SNPC) – the national oil company of the Republic of Congo – has partnered with the State Oil Company of the Republic of Azerbaijan (SOCAR) to modernize the CORAF refinery, a key asset in Congo's energy sector. The collaboration was formalized through a contract signed between a subsidiary of SOCAR, SOCAR Downstream Management, and SNPC during the African Energy Week: Invest in African Energies […]

 The African Export–Import Bank (Afreximbank) signed multiple landmark deals at the African Energy Week: Invest in African Energies deal-signing ceremony in Cape Town on Tuesday.  Among these was a $100-million revolving back-to-back letter of credit facility for oilfield equipment provider JE Energy Ltd. The facility is designed to finance the purchase and sale of Guyana’s crude oil production to international buyers.   Another major deal included a $16.8-million asset finance facility […]

 Global energy demand is anticipated to increase 27% by 2040, with fossil fuels projected to account for the lion’s share of the world’s energy mix beyond 2050. Meeting this demand will require alternative energy supplies, and Africa, with over 125 billion barrels of proven oil reserves and 620 trillion cubic feet (tcf) of proven gas, is uniquely positioned to drive global energy security efforts. The opening panel discussion at the […]

 Global energy majors ExxonMobil and bp affirmed their commitment to oil and gas investment in Africa, expressing interest in forging new partnerships to capitalize on rising energy demand during keynote addresses at the African Energy Week: Invest in African Energies conference. ExxonMobil is currently spearheading the Rovuma LNG project in Mozambique, which represents one of its largest investments in Africa and is anticipated to produce 18 MTPA of LNG. According […]

 The African Energy Week (AEW): Invest in African Energies 2024 conference officially opened with calls from the industry to ‘drill baby drill.’ Citing the need to enhance climate justice through the development of domestic energy resources, industry leaders from across the continent underscored the need to sign deals, foster partnerships and drive projects forward. With over 600 million people living without access to electricity and 900 million people without access […]