Ashburn, United States | 18°C | Moderate rain
Latest
The Nigerian presidency has announced that its decision to remove fuel subsidies has yielded annual savings of $7.5 billion for the West African nation. The subsidy removal, implemented shortly after President Bola Tinubu took office on May 29, 2023, caused petrol prices to rise by nearly 700%. The policy aimed to redirect scarce resources to […]
...
By: Wood Mackenzie Africa is yet to see anything close to a full return on its massive oil and gas resources. With one-third of the continent – almost 500 million people – still having no access to electricity, ending energy poverty across Africa is among the planet’s most urgent challenges. To address this, action is […]
...
The Angola Oil & Gas conference and exhibition will return to Luanda for its fourth edition in 2023 under the auspices of the Ministry of Mineral Resources, Oil and Gas and in partnership with high-level organizations Following three successful editions that united a strong slate of players from across the regional and global energy landscape, the Angola Oil & […]
...
While there is consensus on the need for low-carbon energy, the new energy mix must also support Africa’s social development and the upliftment of its people. This was the message from several delegates to the VIP and Ministerial Symposium of this year’s Africa Oil Week conference running from 3 to 7 October, at the CTICC. […]
...
By Kestér Kenn Klomegâh According to the World Bank, Russia holds the world’s largest natural gas reserves, the second largest coal reserves, and the eighth largest oil reserves. Over the past years, Russia has expressed heightened interest in exploring and producing oil and gas in Africa. Emboldened African leaders and industry executives have accepted proposals, […]
...
Unlocking Africa’s oil and gas potential is now imperative against the backdrop of the war in Ukraine and the resulting crude, diesel, and gas supply crunch. This has rendered European dependence on Russian energy untenable, creating a major opportunity for Africa to position itself as a crucial option to increase the supply to the global […]
...
In late 2019, as the African oil and gas industry was looking to the future with optimism, an Offshore Engineer wrote that the continent had reason to expect a “more productive 2020.” Instead, the unforeseen happened, and the COVID-19 pandemic had a devastating impact on the oil and gas industry in Africa and around the […]
...
For decades, many of Africa’s oil- and gas-producing states followed a predictable pattern. They treated their oil and gas primarily as raw materials that could be sold abroad for a quick profit, rather than as a means of supporting efforts to make more lasting changes in the economy of the nation as a whole. This […]
...
Last spring, the Maersk Voyager, an ultra-deepwater drillship under contract by French supermajor Total, drilled a wildcat well in the deepest water ever — 3,628 meters (11,903 feet) in Block 48, a massive area with potentially huge oil reserves in the Congo basin offshore Angola. The record-setting achievement wasn’t a success just for Maersk […]
...
The free webinar will be hosted under the theme the Future of the Namibian Energy Industry. Hon. Tom Alweendo will be joined by Executive Chairman of the African Energy Chamber, NJ Ayuk. The discussion will be moderated by Africa Oil & Power Field Editor, Thomas Hedley and Lawyer and Energy Specialist, Gawie Kanjemba. Follow the […]
...
