Africa Oil & Gas

Woodside completes Sangomar FPSO construction phase in Senegal

11-29-2022 | 11:08:00
Woodside Energy has passed another important milestone for the Sangomar Field Development Phase 1 with the completion of the construction phase for the FPSO facility which will be deployed at the field offshore Senegal.

EBID grants €10m loan facility to ECO Oil to enhance distribution of petroleum products to Burkina Faso and Niger

11-25-2022 | 12:51:00
The ECOWAS Bank for Investment and Development (EBID), signed a €10 million loan agreement with ECO Oil of Burkina Faso, to enhance the distribution of petroleum products to Burkina Faso and Niger, by ECO Oil’s sister companies.

Reappointment of Dr. Farouk as African Petroleum Producers Organization (APPO) Secretary General

11-08-2022 | 20:54:00
The African Petroleum Producers Organization (APPO) has reappointed Dr. Omar Farouk Ibrahim as its Secretary General during the APPO Ministerial Council Session held in Luanda, Zambia, a move that will usher in a new era of growth across the continent's hydrocarbon industry.

Tlou Energy raises $1.3m for development of Lesedi Power Project in Botswana

11-07-2022 | 15:07:00
Tlou Energy announced it has raised $1.3 million via placement, for the development of its Lesedi Power Project including construction of substations to connect to the existing electricity grid in Botswana.

Partenariat entre l’Algérienne Sonatrach et la Sénégalaise Petrosen

11-07-2022 | 12:28:00
La société publique en charge des hydrocarbures en Algérie, Sonatrach a paraphé un protocole d’accord avec la holding Sociétés des Pétroles du Sénégal (Petrosen SA) pour explorer les perspectives d’une collaboration conjointe dans le secteur pétrogazier.

Afreximbank signs MoU with the African Energy Chamber to promote the growth of Africa’s energy sector

11-02-2022 | 15:21:19
The MoU provides a framework for collaboration to facilitate the harmonisation of the two institutions’ mutual efforts in support of the African energy sector.

New partnership between Moneda Invest Africa and National Oil Company of Namibia

11-02-2022 | 11:25:00
Africa Energy Week 2022 ends on a progressive note with a partnership between Nigerian Energy Accelerator, Moneda Invest Africa and National Oil Company of Namibia [Namcor] on local content development and energy financing.

ACWA Power and Industrial Development Corporation of South Africa set to explore green hydrogen projects

10-28-2022 | 12:52:23
The agreement signed during the state visit of the President of South Africa to Saudi Arabia intends to accelerate the green hydrogen economy in South Africa and paves the way to project(s) potentially valued at US$10 billion

Africa Fortesa Corporation Executive Chairman Rogers Beall won lifetime achievement award at AEW2022

10-27-2022 | 09:48:00
Rogers Beall, Executive Chairman at Africa Fortesa Corporation, represented one of the winners of the Mohammed S. Barkindo Lifetime Achievement Award at the African Energy Week Awards this year in Cape Town

PGS receives 3D exploration acquisition contract offshore Namibia

10-25-2022 | 16:06:24
PGS has been awarded a 3D exploration acquisition contract in Namibia by a major energy company. Ramform Titan will mobilize for this survey and acquisition is expected to complete mid-February 2023.

African Energy Chamber and Afreximbank sign MOU to boost African energy investments

10-19-2022 | 08:57:32
The African Energy Chamber (AEC), as the voice of the African energy sector, and the African Export-Import Bank (Afreximbank) have signed a Memorandum of Understanding (MoU) to enhance private sector investments across Africa’s oil and gas industry.

NCDMB to collaborate with quantity surveyors for Nigerian content

10-14-2022 | 12:48:12
The NCDMB boss emphasised that quantity surveying is a frontier whose value propositions have to be identified and utilised to deepen Nigerian Content.

SNPC et Xcalibur signent un contrat pour une étude géophysique du bassin Intérieur de la Cuvette / phase II

10-12-2022 | 12:42:00
La Société Nationale des Pétroles du Congo (SNPC) et la société Xcalibur Multiphysics ont signé un contrat de collecte de données géophysiques afin de mieux comprendre la géologie du sous-sol du Bassin Intérieur de la Cuvette Congolaise.

Eni starts exporting vegetable oil for biorefining from Kenya

10-12-2022 | 08:28:29
The vegetable oil is produced in the Makueni agri-hub, the pressing plant opened by the company in July 2022 and that actually processes castor, croton and cotton seeds.

Eco Atlantic commences operations on the Gazania-1 well offshore South Africa

10-10-2022 | 15:45:00
Eco Atlantic, the oil and gas exploration company focused on the offshore Atlantic Margins, announced the arrival of the Island Innovator Semi-Submersible Drilling Rig on Block 2B and the commencement of operations of the Gazania-1 Exploration Well.

[Column] NJ Ayuk: Africa’s gas markets interconnected and in a squeeze, going into 2023

11-29-2022 | 10:56:46
We expect to see Algeria, Egypt, and Nigeria leading African gas and LNG flows to Europe. This seems like a natural progression.

[Column] NJ Ayuk: Could Nigeria’s oil industry be entering a new era?

09-06-2022 | 11:09:00
When Nigeria’s Petroleum Industry Act (PIA) was signed into law in August 2021, I spoke about the positive changes the law would be driving in terms of increased transparency and energy sector productivity.

[Column] Phumzile Mlambo-Ngcuka: Energy partnerships in Africa must benefit women and children through localization

08-19-2022 | 12:05:00
The upliftment of women and ensuring equality will contribute positively development and growth of countries. Diversified energy sources used together with rich energy reserves could act as a force multiplier for growth, economic upliftment, poverty reduction and improved health.

[Column] NJ Ayuk: International energy companies in Angola, Nigeria illustrate importance of creating enabling environments

08-12-2022 | 08:19:00
The joint venture between the Angolan businesses of UK oil major BP and Italian multinational Eni, finalized in early August, is big news in every sense.

[Column] NJ Ayuk: The role of Algeria, Egypt and Nigeria in Africa’s search for European gas market share

08-05-2022 | 10:51:00
This search has drawn attention to a number of African gas projects that are likely to help Europe in the future, particularly as the EU looks to make a permanent shift away from dependence on Russian gas.

[Column] NJ Ayuk: Long-term sales contracts could be key to Senegal and Mauritania’s natural gas success

07-26-2022 | 08:22:08
In 2020, rich natural gas resources offshore Mauritania and Senegal were the subject of the biggest long-term liquefied natural gas (LNG) contract signed that year.

[Column] NJ Ayuk: Senegal and Mauritania are rich in resources, poor in infrastructure, now is the time to change that

07-19-2022 | 08:51:38
While Senegal’s consistently low-volume Gadiaga project remains in operation, at Mauritania’s Deepwater Chinguetti project, production ceased altogether at the close of 2017.

[Column] James Chester: South Sudan: The emerging hub for East African petroleum sector growth

06-16-2022 | 15:52:53
South Sudan has its own unique place at the center of a wider Nile Basin-East Africa hydrocarbons-rich area that perfectly positions the country as the hub for petroleum industry services and exploration.

Local content regulations, implementation of the AfCFTA power hydrocarbons market in Nigeria

06-14-2022 | 17:52:00
Nigeria represents one of the continent’s most mature oil and gas markets as well as the largest oil producer in sub-Saharan Africa.

Six Liquefied Natural Gas developments to watch in West Africa

05-27-2022 | 15:26:00
With the energy transition a hot topic off the back of COP 26 and in the lead-up to COP 27, Liquefied Natural Gas (LNG) in particular, has risen to the fore on account of its 25% lower carbon emissions when compared to traditional heavy fuel oil emissions.

[Column] Sergio Pugliese: Angola’s deepwater prospects lay foundation for oil production increase

05-20-2022 | 09:54:00
As Angola’s Ministry of Mineral Resources, Petroleum and Gas spearhead efforts to reverse declining production levels, Angola’s deep and ultra-deep offshore assets will be at the forefront of drilling campaigns, aimed at meeting phased production targets, over the next decade.

Oil in Africa 2022 First Quarter Financial Results

05-16-2022 | 12:28:00
Africa Oil announces strong first quarter 2022 with receipt of the largest prime dividend to date and the major venus light oil discovery.

[Column] Kelly-Ann Mealia: South Africa advances Gas-to-Power agenda

05-13-2022 | 10:03:00
As South Africa experienced Stage 4 load-shedding last week, state-owned utility Eskom announced plans to issue a request for proposals (RFP) for the supply of gas to the Ankerlig and Gourikwa open-cycle gas turbine (OCGT) power stations in the Western Cape province.

CAPE VIII | 8th African Petroleum Congress and Exhibition | 16th-19th May in Luanda | Join Virtually

05-09-2022 | 21:13:00
The African Petroleum Producers Organization (APPO), the Government of the Republic of Angola, and AME Trade will be hosting the 8th African Petroleum Congress and Exhibition (CAPE VIII) will take place from 16th-19th May

[Column] Patrick Conroy and Mark Venables: Africa’s energy transition: Finding the right mix to drive economic prosperity

04-11-2022 | 14:32:30
While Africa is rich in renewable energy sources it must also lift nearly half-a-billion people out of poverty according to the United Nations.