Africa | GUPC

Leading Energy Companies Including Vitol, Africa Oil Corp, and ERHC Energy Inc will Gather in London for the Invest in African Energy Reception, Highlighting Growing Global Interest in African Oil and Gas Opportunities

Energy‚ Oil & Gas‚ Oil and Gas Industry | intent | July 10, 2024 | Comment off

Global energy companies including Vitol, Africa Oil Corp. and ERHC Energy Inc. will showcase Africa’s premier energy sector opportunities at the Invest in African Energy reception in London this week, organized by the African Energy Chamber (AEC) (https://EnergyChamber.org). The reception serves to catalyze investor interest in Africa’s energy prospects ahead of the African Energy Week: Invest in African Energy conference in Cape Town this November, showcasing the potential of the African energy market and exploring strategies to unlock its full potential.

The Empty Promise of Africa’s Oil and Gas Boom

Energy‚ Oil & Gas‚ Oil and Gas Industry | intent | June 27, 2024 | Comment off

Recent weeks have brought news of the discovery and development of major oil and natural gas reserves from opposite sides of the African continent. According to regional leaders, these reserves are so immense that they offer the possibility of boosting the economic trajectories of countries that have long had scant reason for optimism.

Africa needs oil. There, I said it!

Energy‚ Oil & Gas‚ Oil and Gas Industry | intent | June 26, 2024 | Comment off

•Out of the 54 African countries, only two refine their requirement in petroleum products, Libya and Algeria.

First batch of Uganda oil imports near Mombasa port, ends Kenya monopoly

Energy‚ Oil & Gas‚ Oil and Gas Industry | intent | June 26, 2024 | Comment off

Two tankers carrying the maiden consignment of petroleum products directly imported by Uganda will dock at the Mombasa port next week, marking an end to the monopoly long enjoyed by Kenya oil marketers.

Africa is set to birth another oil-producing nation

Energy‚ Oil & Gas‚ Oil and Gas Industry | intent | June 25, 2024 | Comment off

Most oil-producing African nations are situated in the continent’s Western, Northern, and Central regions, the Southern and Eastern parts, hence scarcely boast of this precious resource. Save Angola, there is no Southern African nation that produces a significant quota of oil to contribute to the global market. However, the discoveries made in recent years, could ensure that a paradigm shift is would ensue with countries like Namibia taking center stage.

Tanzania’s government appoints TGS to manage and license offshore data

Energy‚ Oil & Gas‚ Oil and Gas Industry | intent | June 24, 2024 | Comment off

TGS will manage and license Tanzania’s offshore subsurface data under an agreement with the country’s Petroleum Upstream Regulatory Authority.

Previous exploration has proven various plays, TGS said, across much of the stratigraphy offshore, from early Cretaceous to Miocene reservoirs.

Africa’s Latest Exploration Hotspot Set to Triple Oil Production

Energy‚ Oil & Gas‚ Oil and Gas Industry | intent | June 24, 2024 | Comment off

As oil majors return to offshore exploration, West Africa’s deepwater has become a key drilling target for some of the biggest international companies.

Recent discoveries fan the flames of African country’s hopes for triple oil production boost by 2027

Oil & Gas | intent | June 19, 2024 | Comment off

While the search for hydrocarbons has been ongoing in certain parts of Africa for decades with varying degrees of success, a slew of new oil and gas discoveries has pushed the continent to the forefront of global exploration hotspots. Given its string of recent discoveries, one of the countries in West Africa, Cote d’Ivoire, is forecasting a threefold boost in its oil output over the next three years.

Sierra Leone among other African countries launching or concluding oil and gas licensing rounds in 2024

Oil & Gas | intent | June 14, 2024 | Comment off

With a strong slate of exploration and production activities and competitive licensing rounds in 2024, Africa is well-positioned to realize its potential as the global energy frontier. These bid rounds are poised to cement Africa as a global hub for hydrocarbon development.

Petroleum minister lists measures to improve gas sector in Nigeria, Africa

Oil & Gas | intent | June 14, 2024 | Comment off

The Minister of State Petroleum Resources (Gas), Mr. Ekperikpe Ekpo, has listed adoption of gas technology and innovation, shaping effective policy frameworks, unlocking financing avenues, nurturing capacity building, and cultivating entrepreneurship as measures that would the future Nigeria’s and Africa’s energy landscape.

Tags