Month: November 2024

 Independent operators outlined new efforts to maximize production in Africa’s mature oil markets – including Gabon, Equatorial Guinea and Angola – during the Upstream E&P Forum at African Energy Week: Invest in African Energies 2024. Africa’s mature oil markets are seeing a number of independent firms drive production gains, prioritizing incremental exploration and innovative technologies to breathe new life into existing assets. In Gabon, Perenco launched appraisal drilling near its […]

 Underlining a commitment to become a leader in global iron ore production, Guinea-Conakry’s $20 billion Simandou 2040 national development roadmap aims to harness the country’s immense mineral wealth while promoting socioeconomic growth across various sectors. Meanwhile, the country aims to drive hydrocarbon development on the back of a robust petroleum system and a detailed seismic data inventory. A technical session at this year’s African Energy Week (AEW): Invest in African […]

 The Republic of Congo (ROC) is preparing a new Gas Code to incentivize investment across the natural gas value chain. Concurrently, the country is preparing to launch its Gas Master Plan (GMP), serving as a roadmap for investing in the ROC’s gas sector. These policies mark a pivotal step towards rolling out the requisite infrastructure to stimulate industrialization and economic growth. Speaking at the Invest in Congo Energies country spotlight […]

 The Republic of Congo (ROC) is preparing a new Gas Code to incentivize investment across the natural gas value chain. Concurrently, the country is preparing to launch its Gas Master Plan (GMP), serving as a roadmap for investing in the ROC’s gas sector. These policies mark a pivotal step towards rolling out the requisite infrastructure to stimulate industrialization and economic growth. Speaking at the Invest in Congo Energies country spotlight […]

 Africa’s rich library of seismic datasets have and will continue to support upstream investment as the continent targets advanced exploration. With over 125 billion barrels of proven oil reserves and 620 trillion cubic feet of proven gas, Africa offers companies the chance to make sizeable discoveries and generate high returns. A panel discussion on Advancing Exploration in Africa and the Energy Trilemma at the African Energy Week: Invest in African […]

 Companies from Nigeria’s Renaissance Consortium discussed their evolving business portfolios and investment strategies at the African Energy Week: Invest in African Energies conference on Wednesday.  Discussions explored the shifting dynamics in the Nigerian upstream sector, focusing on the trend of IOCs divesting shallow water and onshore operations in favor of deepwater acreage. The consortium includes ND Western, Aradel Holdings, the Petrolin Group, First E&P Development Company and Waltersmith Petroman Oil […]

 A panel session at this year’s African Energy Week (AEW): Invest in African Energies 2024 conference explored the advantages gas brings to the continent as well as its contribution to reducing emissions and attracting investment. With an estimated 625 trillion cubic feet of natural gas reserves throughout Africa, attracting investment in the sector will be critical for industrial development while helping meet the continent’s growing energy needs. International partnerships, joint […]

 Global investment in upstream oil and gas is set to reach $570 billion by the end of the year – a 7% increase compared to 2023 expenditure. Of this, 33% is expected to be directed toward frontier assets, presenting a strategic opportunity for emerging oil and gas markets in Africa. However, as the global energy landscape undergoes a transformative shift towards cleaner energy sources, the African oil and gas sector […]