Africa Oil & Gas

[Nigeria] NCDMB, NNPC, IOCs sign agreement to spur speedy development of new oil and gas projects

09-26-2023 | 14:20:20
The SLA was conceptualised by the NCDMB and is intended to optimize the contracting cycle in the oil and gas industry and spur the speedy development of new oil and gas projects, contributing to increased oil production and improved national economy.

Le projet LNG Marine XII trace la voie vers la sécurité energétique et le développement economique du Congo

09-18-2023 | 11:42:00
Le projet LNG Marine XII, qui représente un investissement substantiel de près de 5 milliards de dollars, est une initiative pionnière pour la République du Congo.

The African Energy Chamber endorses Oando-Eni Deal

09-07-2023 | 11:41:00
The African Energy Chamber (AEC) endorses the ground-breaking agreement between Oando PLC and Eni for the acquisition of 100% of the shares of Nigerian Agip Oil Company Limited (NAOC Ltd).

[Tanzania] Scirocco Energy sale to Ruvuma PSC has been extended

08-30-2023 | 11:25:41
Scirocco Energy, the AIM investing company targeting attractive assets within the European sustainable energy and circular economy markets announces an update regarding the Ruvuma transaction.

[Nigeria] NCDMB, BOI sign amendment of MoU on $50 million NOGaPS Manufacturing Fund

08-29-2023 | 14:32:00
The Nigerian Content Development and Monitoring Board(NCDMB) and the Bank of Industry (BoI) have signed an amendment to the Memorandum of Understanding (MoU) on the $50million NOGaPS Manufacturing Fund.

[Nigeria] Dangote Refinery partners with XCMG Machinery to boost construction

08-29-2023 | 14:29:00
Over the past few years, XCMG Machinery has participated in this mega refinery project with more than 2,000 units of equipment, including excavators, cranes, road rollers, and more, stationed in the construction and guaranteeing high-intensity, uninterrupted operation.

[Nigeria] NCDMB to launch 17 portfolio companies from Technology Incubation Centre

08-22-2023 | 14:02:33
The launch of the new portfolio companies is a major milestone of the Board’s R&D strategy anchored on commercialization of research and innovation.

Uganda to build two nuclear power stations with Russia and South Korea

08-17-2023 | 13:40:00
Russia and South Korea have embarked on a joint venture to construct two nuclear power facilities in Uganda with the capacity to produce a total of 15,600 MW of electricity.

AFC invests in Mahathi Infra to transform petroleum product transportation in Uganda

08-16-2023 | 10:51:23
AFC’s US$95.25 million investment will finance the construction of two self-propelled barges for operation on Lake Victoria, providing a more efficient and less carbon intensive alternative to traditional trucking.

Le Sénégal recevra 50 millions EUR d’Africa Finance Corporation pour stimuler le secteur pétrolier et gazier

08-14-2023 | 10:04:00
L’investissement d’AFC dans le champ pétrolier Sangomar sera utilisé pour soutenir la première phase du lancement de la production de pétrole, un jalon clé dans la promotion du secteur des hydrocarbures du pays

[Nigeria] NCDMB offers ‘first mover advantage’ for investors at oil parks

08-10-2023 | 12:17:49
The first original equipment manufacturers (OEMs), service companies and other oil and gas firms that would set up operations in the Nigerian oil and gas parks would enjoy certain first mover privileges, the Nigerian Content Development and Monitoring Board (NCDMB) has assured.

Nigeria, Equatorial Guinea mull new opportunities in international oil sector

07-20-2023 | 09:04:14
The Governments of Nigeria and the Republic of Equatorial Guinea have opened discussions regarding new partnership opportunities such as the establishment of a joint logistics base, deployment of indigenous capacities across countries, and lowering the costs of major oil and gas operations.

Gemcorp, Africa Finance Corporation and Afreximbank announce the financial close of Cabinda Oil Refinery

07-19-2023 | 14:51:00
Gemcorp, Africa Finance Corporation and Afreximbank announce the financial close of Cabinda Oil Refinery with a US$335-million project financing facility.

SONATRACH – TotalEnergies en collaboration dans le domaine des hydrocarbures et des énergies renouvelables

07-13-2023 | 14:12:07
SONATRACH et TotalEnergies Signature de plusieurs accords dans le domaine des hydrocarbures et des énergies renouvelables.

[Nigeria] NCDMB, NLNG launch local content opportunities on e-marketplace

07-13-2023 | 08:45:35
The Nigerian Content Development and Monitoring Board (NCDMB) and the Nigeria LNG Limited are collaborating to roll out tender opportunities from the gas production and processing company on the Oil and Gas E–Market Place.

[Column] NJ Ayuk: More progress needed in African gas exploration and development

09-21-2023 | 13:01:39
African gas consumption is slated to rise. Even as total production moves upward, commercial flows from the continent are likely to rise to about 27-28 bcf per day within the next few years and then remain at that level until the late 2030s.

[Column] NJ Ayuk: African oil and gas exploration is going strong

09-05-2023 | 13:36:00
Despite the call heard 'round the world commanding the global business community to divest from fossil fuels and shrink their carbon footprints in the name of net zero, international oil companies (IOCs) still recognize Africa as their next frontier.

[Column] NJ Ayuk: Nigeria must fully implement the petroleum industry Act

07-26-2023 | 13:59:10
Nearly two years from its passage into law, implementation of the PIA and its initiatives has been slow for numerous reasons, but not without progress, and signals from Nigeria’s new administration indicate that these conditions will not remain the status quo.

[Column] NJ Ayuk: The promise of Angola’s growing natural gas industry with a ready-made market

07-06-2023 | 13:45:30
From exploration to production and export, the Angolan oil and natural gas industry is bustling with new initiatives. This past year alone, international oil companies and the Angolan government partnered to award numerous regional operators with service contracts.

[Column] Wayne Glossop: Gas power solutions for South Africa

07-05-2023 | 14:12:37
While to date our society has been heavily reliant on coal, it's not able to keep pace with the energy and environmental aspirations of the nation currently.

[Column] NJ Ayuk: Natural gas represents tremendous opportunities for Africa — we must seize them now

06-29-2023 | 08:30:00
For Africa to move forward and grow its natural gas output, a two-pronged approach is required: Gas producers must continue to pump from existing fields while countries with new discoveries must get these undeveloped projects to the final investment decision (FID) stage as quickly as possible.

[Column] Gawie Kanjemba: The state of play of African oil and gas

05-17-2023 | 10:23:58
Historically, oil and gas projects are known to experience delays ranging from 5% to 20% of the project duration owing to project complexity, significant capital requirements and the multi-faceted nature of developments.

[Column] NJ Ayuk: The outlook for African oil in 2023 is promising

05-04-2023 | 12:30:54
Several years ago, the African energy industry was in survival mode. The COVID-19 pandemic had practically eliminated demand for crude oil, and African exports dropped sharply.

[Column] NJ Ayuk: Natural gas is key to addressing South Africa’s energy needs today and tomorrow

04-11-2023 | 13:23:23
As the country’s fleet of mostly coal-powered plants struggles to keep up with electricity demand, South Africans are enduring daily power outages that last six to 10 hours a day.

[Column] NJ Ayuk: Time to break the deadlock on TotalEnergies’ offshore gas deal

03-29-2023 | 12:27:10
There’s another complication at hand, in that South Africa’s government has pledged to reduce the power sector’s carbon emissions intensity.

[Column] NJ Ayuk: How domestic gas production can help mitigate South Africa’s energy crisis

03-23-2023 | 09:11:00
The country’s fuel and energy sector is truly in trouble, with power shortages and blackouts worse than ever before.

[Column] NJ Ayuk: Africa must embrace carbon trading

03-13-2023 | 05:30:00
One of the most promising outcomes of the COP27 climate conference last November was the launch of the African Carbon Markets Initiative (ACMI). This African-led initiative is designed to significantly drive up the continent’s participation in voluntary carbon markets.

[Column] NJ Ayuk: Carbon capture, utilization and storage: Game-changing technology for Africa

02-21-2023 | 09:16:25
It would be difficult to exaggerate the value that carbon capture, utilization, and storage (CCUS) technology offers Africa’s oil and gas industry.

[EIB]:Une nouvelle étude confirme l’extraordinaire potentiel de l’Afrique dans le domaine de l’hydrogène vert

01-05-2023 | 09:45:00
La Banque européenne d’investissement, l’Alliance solaire internationale et l’Union africaine dévoilent une étude sur le potentiel de l’Afrique en matière d’hydrogène vert, avec le soutien de l’État mauritanien, d’HyDeal et de CGLU Afrique

[Column] NJ Ayuk: Africa’s upstream industry: holding steady in a turbulent oil and gas market

12-15-2022 | 06:38:43
Africa’s oil and gas industry is going to breathe new life into many African economies and will create new opportunities for every many Africans in 2023.