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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 […]
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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 […]
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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 […]
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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 […]
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The effect of COVID-19 – combined with a price war between China and Saudi Arabia – on the oil price during the past weeks has had a sobering effect on industry veterans and general consumers alike. However, whilst making difficult decisions and sweeping cutbacks, hydrocarbons companies have also been doing their part to flatten the […]
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Government reforms in oil sector including at national oil company SONANGOL are already yielding positive results, with 30 percent of the company set to be privatized by 2022. Sector reforms to be backed up by an investment campaign drive by Africa Oil & Power, including the Angola Oil & Gas Conference & Exhibition on June […]
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This article is part of the World Economic Forum Annual Meeting Boycotting oil and gas firms in Africa is a misguided course of action. Many are diversifying into renewables. Africa’s time to grow is here – and its natural resources are a part of that. In a 2014 article, Archbishop Desmond Tutu of South Africa argued for an […]
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