Month: November 2024

 The African continent is developing promising green technologies to address energy access disparities and to foster economic growth. Its countries should take an active role in local sustainable energy solutions, rather than merely being consumers of these technologies. At a dedicated panel session at African Energy Week: Invest in African Energies 2024, panelists emphasized the need for countries already producing oil and gas to utilize local energy resources for the […]

 Most of Africa's trade is carried out via sea routes. Geopolitical conflicts, however, including the war in Ukraine and attacks on commercial shipping vessels in the red sea, have caused detours and delays, impacting on maritime trade to and from Africa. This new wave of disruption follows the unprecedented global logistics crunch caused by the COVID-19 pandemic. According to United Nations Trade and Development (UNCTAD), this compounds the challenges caused […]

 As the demand for electricity continues to rise across the African continent, it is imperative for countries to act swiftly to enhance transmission capabilities and develop robust infrastructure to secure new energy integration sources over the next 25 years. A recent report by consulting firm McKinsey&Company estimates that $400 billion will be required to enhance electricity transmission and distribution capacity across Africa by 2050. This investment is critical for modernizing energy infrastructure and […]

 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 […]