APO International

 The National Petroleum Corporation of Namibia (Namcor) will drill three oil and gas wells by Q1, 2025, Victoria Sibeya, Executive: Exploration Upstream told attendees of a technical workshop during African Energy Week: Invest in African Energies 2024 today. According to Sibeya, the wells are aimed at understanding the continuity of hydrocarbon flow from recent discoveries as well as finding new ones. The drilling campaigns will be conducted with global oil […]

 Nigerian multinational energy company Oando is targeting a production of 100,000 barrels per day (bpd) by 2028, following its landmark acquisition of Eni’s Nigerian Agip Oil Company (NAOC) earlier this year. The announcement, along with the company’s future expansion plans and role in Nigeria’s energy transition, was shared during an exclusive Fireside Chat at the African Energy Week: Invest in African Energies conference. Speaking with Bloomberg News Correspondent Jennifer Zabasajja, […]

 Africa Oil Corp has revealed encouraging exploration results from the EG-18 field in Equatorial Guinea. Chris Johnston, Senior Geoscientist at Africa Oil Corp., presented these findings during a technical workshop at Africa Energy Week: Invest in African Energies 2024.  Highlighting their recent efforts, Johnston explained that the EG-18 field, which Africa Oil operates with an 80% interest, has demonstrated strong reservoir quality. The EG-18 field is part of Africa Oil […]

 The final investment decision for Angola’s inaugural green hydrogen project, a 600 MW development spearheaded by Sonangol in partnership with CWP, Gauff Engineering and Conjuncta, is set for 2025 Vladimir Machado, R&D CEO of Angola’s national oil company Sonangol said at Africa Energy Week: Invest in African Energies 2024. The initiative aims to produce 400,000 tons of green hydrogen annually, with production anticipated to begin in 2027. Speaking during a […]

 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 […]

 Angola’s National Agency of Oil, Gas and Biofuels (ANPG) plans to award nine more concessions by the end of the year, bringing the total to 41 since 2019, as part of its target to award 50 concessions by 2025. The announcement was made during a session on Angola’s 2025 Licensing Round at African Energy Week: Invest in African Energies on Wednesday.  According to ANPG, there are currently 28 licensing opportunities […]

 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 […]

 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 […]