APO International

 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 […]

 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 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 […]

 Kosmos Energy highlighted the untapped potential of Africa’s "deep gas resources" and strategies to maximize this potential during the opening ceremony of African Energy Week (AEW): Invest in African Energies 2024. The deepwater exploration and production company is actively involved in several major oil and gas projects across Africa, focusing on developing cost-competitive gas for local economies, as well as LNG facilities to facilitate exports. In Senegal and Mauritania, Kosmos […]

 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 […]

 Africa will host the majority of new oil and gas discoveries over the next 30 years compared to other regions, according to Per Magnus Nysveen, Senior Partner and Head of Analysis at energy intelligence firm, Rystad Energy.  In a panel discussion held at the Pre-Event Workshop Day during the African Energy Week (AEW): Invest in African Energies 2024, Nysveen said that to supply the growing global energy demand, Africa needs […]

 Africa must expand its renewable energy manufacturing capabilities and leverage its critical minerals to foster growth in its renewables sector, according to James Mackay, Managing Director at the Energy Council of South Africa. Speaking on a panel discussion during African Energy Week: Invest in African Energies’ Pre-Event Technical Workshops, Mackay said the high cost of renewables in Africa could be lowered by enhancing local manufacturing capacity, making vital technologies more […]

 A panel of experts at Africa Energy Week (AEW): Invest in African Energies 2024 emphasized the critical importance of stakeholder engagement and legal considerations in farm-in and farm-out agreements during a workshop titled, ‘Mastering Energy Investment Transactions in Africa’. Moderated by Zion Adeoye, CEO and Managing Partner of CLG on Monday at the AEW: Invest in African Energies 2024 pre-conference session, the panellists shared insights into essential contractual arrangements in […]

 H.H. Sheikh Abdullah Bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, and Penny Wong, Australian Minister of Foreign Affairs, today attended the signing of a Comprehensive Economic Partnership Agreement (CEPA) between the UAE and Australia. The agreement marks a new chapter in bilateral relations aimed at increasing trade, promoting private-sector collaboration, and facilitating investment flows. The signing took place during Sheikh Abdullah’s working visit to Canberra. […]