Africa Oil & Gas

Decklar Resources commences completion operations for Oza-1 well in Nigeria

10-22-2021 | 08:30:00
Decklar Resources announced the commencement of completion operations for the Oza-1 well re-entry in Nigeria.

Kinetiko Energy commences exploration program in South Africa

10-20-2021 | 08:04:28
Kinetiko Energy has been in the process of negotiations with a number of drilling and related contractors in both South Africa and Botswana and has completed an engagement with Torque Africa Exploration to drill on the Korhaan project.

Shearwater GeoServices awarded 3D seismic exploration project in South Africa

10-19-2021 | 11:26:00
Shearwater GeoServices announced the award of a 3D seismic survey contract for acquisition in South Africa.

PetroNor receives one year extension for A4 License in The Gambia

10-19-2021 | 10:41:00
PetroNor, the independent oil and gas exploration and production company with a focus on sub-Saharan Africa, announced it has received, from the Government of The Gambia, a one-year extension to the Longstop date of the A4 Licence.

Kosmos Energy acquires additional Ghana interests for $550 million

10-15-2021 | 12:48:00
Kosmos Energy has announced today that it has acquired an additional 18.0% interest in the Jubilee field and an additional 11.0% interest in the TEN fields in Ghana from Occidental Petroleum for a purchase price of $550 million with an effective date of April 1, 2021.

Shearwater GeoServices commences 4D survey for TotalEnergies offshore Angola

10-15-2021 | 09:33:59
Shearwater GeoServices announced the commencement of a 4D monitor survey for Total Angola.

Maersk Drilling announces contract extension to drill world record well in Angola

10-15-2021 | 09:27:50
TotalEnergies Angola has exercised an option for the 7th generation drillship Maersk Voyager to drill the ultra-deepwater Ondjaba-1 exploration well in Angola’s Block 48.

Occidental announces sale of Ghana assets for $750m

10-14-2021 | 08:10:00
Occidental, an international energy company announced it has agreed to sell its interests in two Ghana offshore fields for $750 million to Kosmos Energy ($550 million) and Ghana National Petroleum Corporation (GNPC) ($200 million).

Saipem selects Fugro’s InclinoCam for precise pile positioning contract offshore Senegal

10-12-2021 | 15:32:00
Fugro has been awarded by Saipem a monitoring contract to support the construction of a liquid natural gas (LNG) jetty for BP’s Greater Tortue Ahmeyim field offshore Senegal/Mauritania.

BW Energy announces provisional exploration licence award offshore Gabon

10-12-2021 | 15:23:47
BW Energy announced it has been provisionally awarded operatorship of two blocks in the 12th Offshore Licensing Round in Gabon. The award by the Direction Generale des Hydrocarbures (DGH) in Gabon is subject to finalising the PSC with the DGH.

ADM Energy completes lifting at Aje Field Nigeria

10-12-2021 | 09:50:34
ADM Energy PLC , a natural resources investing company, has announced the completion of the 16th Lifting at the Aje Field, part of OML 113 offshore Nigeria.

Senegal places local content at the center of the country’s energy sector agenda

10-11-2021 | 11:50:00
The Senegalese government has introduced a domestic-approach to energy sector development, placing local content as a key driver of industry success.

Dana Gas’s KRI and Egypt collections almost doubled in 9M 2021

10-08-2021 | 08:02:00
Dana Gas announced that its 9M 2021 collections from the Kurdistan Region of Iraq (KRI) and Egypt have increased 102% year-on-year to $256 million (AED 938mm) from $127 million (AED 466mm) in the same period the previous year.

Sun Africa to invest $1.5 billion in renewables in Angola

10-01-2021 | 12:16:00
Angola has signed a Memorandum of Understanding (MoU) with Sun Africa and U.S.-based AfricaGlobal Schaffer for a $1.5 Billion mini-grid project to supply solar electricity and drinking water in Angola.

Global energy dialogue to promote the role of natural gas in Africa

10-01-2021 | 12:07:00
With climate change and the reduction in greenhouse gas emissions a key topic in global energy dialogue, stakeholders and policymakers have been engaging in a debate on the role of natural gas in the world’s energy future.
 
Features

How the African Continental Free Trade Agreement is scaling up local content initiatives in Nigeria

09-29-2021 | 09:26:56
With industries such as energy, manufacturing, agriculture and mining contributing significantly to GDP, all of which are expected to grow exponentially with the increase in technology and investment, the country is well on its way to become a multi-sector giant.

[Column] Charné Hundermark: MSGBC natural gas to accelerate regional economic growth, position Africa as a global competitor

09-01-2021 | 15:42:00
The MSGBC region, covering Mauritania, Senegal, Gambia, Guinea Bissau, and Guinea Conakry, unlike other high production markets in West and Northern Africa, has seen relatively small-scale energy sector developments since the early 2000s.

[Column] NJ Ayuk: Oil and Gas industry and green advocates have a duty to make energy poverty history in Africa

08-11-2021 | 09:54:24
Many in Africa, including the African Energy Chamber, recommend a multi-pronged approach to addressing energy poverty, one that harnesses both renewable energy sources and fossil fuels.

[Column] Verner Ayukegba: Angola's oil and gas industry provides huge opportunities for investors despite energy transition

07-13-2021 | 10:42:31
Over the past three decades, Angola has proven to be a tier one destination for major oil and gas producers. It is for that reason, that the country is host to all major International Oil Companies.

[Column] Grace Goodrich: Equatorial Guinea models success of U.S. investment in African gas

07-02-2021 | 09:01:42
The African natural gas value chain has become the preferred destination for foreign direct investment – not only because the continent holds over 500 trillion cubic feet of proven reserves, but also because natural gas is a critical step in the global energy transition.

Driving Africa’s energy future with the African Continental Free Trade Area agreement

07-01-2021 | 08:07:07
One of the industries that can benefit from AfCFTA is the energy sector, both the traditional oil and gas operators as well as the growing number of renewable enterprises.

[Column] Duggan Flanakin: Cape Town and Dubai battle over Africa’s energy future

06-25-2021 | 07:28:32
The Cancel Fossil Fuels movement is currently being led by the International Energy Agency, which recently declared that all oil and gas exploration must cease immediately in order to achieve compliance with the Paris climate accords – and save the world from the mythical fires of hell on Earth.

Global petrostates can forget trillion-dollar oil and gas tax revenues as energy transition bites, Rystad reports

06-08-2021 | 09:05:00
The global government income from oil and gas taxation fell to a multi-year low in 2020 of around $560 billion, as production and prices shrunk. Before Covid-19, oil and gas taxes usually exceeded the trillion-dollar mark.

[Column] NJ Ayuk: Africa must fight energy poverty with oil and gas development

06-07-2021 | 09:56:48
Achieving net zero emissions means the amount of greenhouse gases being emitted into the atmosphere would equal the amount being removed. Achieving this balance, the IEA maintains, would require more than aggressive carbon-capture measures:

[Column] Amina Ali: South Africa should urgently move on gas monetization to solve its energy problems

05-20-2021 | 08:25:00
As Southern Africa’s leading economy, South Africa should evaluate the development of gas-to-power projects to address climate change, increase its power generating capacity, and stop load shedding.

[Column] NJ Ayuk: African women can build a better future for all Africans with oil and natural gas

05-05-2021 | 15:14:01
Africa’s vast oil and gas resources are one of the things that make the continent unique. They are key to a better future. But what we need is for women to have greater control over them.

[Column] Verner Ayukegba: New leadership and energy sector restructuring will boost investments into Niger

04-14-2021 | 11:49:05
It will enable Niger’s daily crude production to rise from currently 20,000 barrels to 110,000 barrels per day, making Niger a key gateway to the much-touted resource rich but largely unexplored Sahel region.

African Energy developments demand sustained investment with new projects in Mozambique, Tanzania, Uganda, and Senegal

04-13-2021 | 16:32:00
In the past twelve months, the African energy sector has seen several encouraging developments, in the form of both Foreign Direct Investment (FDI) and strategic partnerships, that have advanced the sustainable development of its natural resources.

Fostering financial inclusion for Senegalese local companies in the energy sector

04-12-2021 | 16:36:16
In this sense, the country has placed a major focus on developing in-country financing capabilities necessary for training, up-skilling and engaging local companies and individuals.

[Column] Shantel Mufandaidza: The impact of AfCFTA on oil and gas industry

03-25-2021 | 13:20:00
Focusing more on growing intracontinental oil and gas trade will give countries autonomy to govern their international trade agreements, which have often left African countries on the losing end.