Oil & Gas Archives - Inside Business Africa

Oct42021 by Joshua OlotuNo Comments

One-Size-Fits-All Approach to Climate Change Will Not Work for Cameroonians; A lot of energy projects need to be developed

The world is mandating a one-size-fits-all approach to climate change that doesn’t take into consideration Cameroon’s right to make the most of its low-carbon natural gas resources or the continent’s need to eradicate energy poverty. The African Energy Chamber (EnergyChamber.org) welcomes an honest and open discussion where Africans have a say in which functional solutions are best for Africa. At the African Energy Week, organized by the African Energy Chamber in partnership with South Africa’s Department of Mineral Resources and Energy, the Chamber calls for a balanced response to the Cameroon’s vulnerability to climate change. Cameroon is a leading sub-Saharan producer of crude oil, with total daily liquid hydrocarbon production averaging 76,000 barrels in 2017. That year, crude ...

Oct42021 by Joshua OlotuNo Comments

Gas for Good: Akinwole Omoboriowo II Emphasizes how Gas can be Used for the Social and Economic Good of Africa

Business, Corporate Stories, Innovation, Oil & Gas

Natural gas is increasing its share in Africa’s energy portfolio, with environmental ambitions, energy security and accessibility, as well as domestic energy independence comprising key drivers of growth. Despite global stakeholders and environmentalists negative perception of the resource, natural gas holds significant, and even critical, benefits for Africa, as energy poverty continues to be a major hinderance of meaningful economic growth. Speaking at the Gas Exporting Countries Forum (GECF) workshop on promoting natural gas demand on Wednesday, Akinwole Omoboriowo II, Chairman of the board of directors, Genesis Energy Holding, provided valuable insight into the role of gas in Africa. During his presentation, Omoboriowo II explained how natural gas can be used for the social goo...

Sep272021 by Joshua OlotuNo Comments

The Gambian Ministry of Petroleum and Gambia National Petroleum Company to Participate in MSGBC 2021 Oil, Gas & Power Conference

Business, Corporate Stories, Economy, Energy, Oil & Gas

The Gambia’s Ministry of Petroleum and Energy, together with Gambia National Petroleum Company, have been confirmed as strategic government partners for the upcoming MSGBC Oil, Gas & Power 2021 Conference and Exhibition; Delegations from the Ministry of Petroleum and Energy and Gambia National Petroleum Company have confirmed that they will speak at the event; Organized by Energy Capital & Power (www.EnergyCapitalPower.com), MSGBC Oil, Gas & Power 2021 Conference and Exhibition will take place in Dakar on 2-3 December, 2021. The Ministry of Petroleum and Energy, Gambia and the Gambia National Petroleum Company (GNPC) have been confirmed as strategic government partners and speakers for the upcoming MSGBC Oil, Gas & Power 2021 Conference and Exhibition, organize...

Sep172021 by Joshua OlotuNo Comments

Angola’s National Oil, Gas and Biofuel’s Agency (ANPG) Highly Satisfied with Final Results from 2020 Bid Round

Business, Corporate Stories, Economy, Oil & Gas

Natacha Massano, Executive Administrator of Angola's National Oil, Gas and Biofuel's Agency (ANPG) announced the concessionaire´s satisfaction with the bid round results at AOG 2021 that took place in Luanda on September 9-10; ANPG will award the concessions on September 23, 2021, to bid round winners; The announcement was made at AOG 2021, organized by Energy Capital & Power (www.EnergyCapitalPower.com), an event that brought together Angola's oil and gas leaders face to face with international investors for discussions aimed at accelerating investment in Angola's energy industry in the wake of the COVID-19 pandemic. Angola's National Oil, Gas and Biofuel's Agency (ANPG) announced its satisfaction with the final results of the 2020 onshore bid round. The results exceeded the c...

Sep42021 by Joshua OlotuNo Comments

MSGBC Oil, Gas & Power 2021 to Promote the Role of International Oil Companies in the Gambia (By Charné Hundermark)

Corporate Stories, Economy, Oil & Gas

The Gambia is aggressively pursuing both on- and offshore hydrocarbon exploration, with the active presence of notable regional and international oil companies driving progress, with its newly adopted National Development Plan – which was implemented in 2018 – is positioning the country’s oil and gas sector as a critical enabler of development. The Gambia is focused on mirroring the exploratory success seen in neighboring MSGBC countries such as Senegal and Mauritania, and is, therefore, opting for the rapid increase in upstream activities. The country has two onshore blocks and four offshore blocks currently being explored by international oil companies (IOCS). These companies are driving the country’s energy sector development and demonstrating a commitment to the immense hydroca...

Sep12021 by Joshua OlotuNo Comments

MSGBC Natural Gas to Accelerate Regional Economic Growth, Position Africa as a Global Competitor (By Charné Hundermark)

Business, Corporate Stories, Oil & Gas

The MSGBC region – covering Mauritania, Senegal, Gambia, Guinea Bissau, and Guinea Conakry – unlike other high production markets in West and Northern Africa, has seen relatively small-scale energy sector developments since the early 2000s. However, with the discovery of significant natural gas deposits offshore Mauritania and Senegal, the region is redirecting its attention to the exploitation and monetization of gas, with the aim of establishing an African gas province that will incite accelerated, regional socio-economic growth. But what do these discoveries mean for the wider region and how can these countries ensure sectoral developments reap tangible benefits for regional communities? It is no surprise that the MSGBC region holds significant opportunities for both regional ...

Aug262021 by Joshua OlotuNo Comments

OPEC Commends the Congo’s Société Nationale des Pétroles du Congo (SNPC) for Progress in Natural Gas, CSR

Corporate Stories, Economy, Oil & Gas

During a meeting with the Republic of the Congo’s Société Nationale des Pétroles du Congo (SNPC) on Monday, Secretary General of OPEC H.E. Mohammed Sanusi Barkindo emphasized the growing role of national oil companies (NOCs) in advancing the African energy sector. Energy Capital & Power is live-covering the visit of OPEC and the African Energy Chamber to the Republic of the Congo, as the country launches a series of initiatives to promote the domestic energy sector. H.E. Barkindo commended advancements made by SNPC with regard to ongoing development of natural gas and its commitment to extending the benefits of natural resource extraction to local communities. SNPC has worked tirelessly over the past 23 years and accomplished a great deal, and has been able to es...

Aug262021 by Joshua OlotuNo Comments

OPEC Secretary General Says Africa Needs to Combat Energy Poverty As a Priority

Corporate Stories, Economy, Energy, Oil & Gas

H.E. Mohammed Barkindo, Secretary General of the Organization of Petroleum Exporting Countries (OPEC) has urged African oil-producing countries to continue developing their energy sector activities and reassured that OPEC will continue to serve as a viable partner and “assist [them] in whatever way possible.” OPEC categorially rejects the narrative that the energy transition is from hydrocarbons to renewables Speaking during a meeting at the Republic of the Congo’s National Oil Company, Société nationale des pétroles du Congo (SNPC), as part of a historic three day OPEC and African Energy Chamber delegation to the country on Monday, he highlighted the role of oil and gas in the development of Africa’s energy industry, as well as global energy security. H.E. Barkindo further...

Aug262021 by Joshua OlotuNo Comments

Congo Minister of Hydrocarbons Commends OPEC’s Leadership in Africa’s Oil & Gas Sector

Business, Corporate Stories, Economy, Oil & Gas

H.E. Bruno Jean-Richard Itoua, Minister of Hydrocarbons of the Republic of the Congo, has praised H.E. Mohammed Barkindo, Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC), for his skillful leadership of OPEC and thanked him for his support of the Congo’s permanent membership. The Secretary-General’s endorsement of the Congo’s nomination for the OPEC Presidency remains crucial for the oil-rich nation as it seeks to become a regional and global player. Under [the Congo’s] presidency hopefully we will begin to take stock of the impact of this virus not only on world populations but also on the world economy and the world of oil Speaking at a press conference on Tuesday during a historic three-day OPEC and African Energy Chamber (AEC) visit to the Congo,...

Aug242021 by Joshua OlotuNo Comments

Positioning the Congo as a Regional Oil and Gas Competitor: SNPC Director General Maixent Raoul Ominga to Promote the Role of National Oil Companies in Africa’s Energy Future at African Energy Week in Cape Town

Economy, Oil & Gas

Taking the lead from H.E. Minister Bruno Jean Richard Itoua, Congo-Brazzaville’s Director General of La Sociėtė des Pėtroles du Congo (SNPC), Maixent Raoul Ominga, has issued his support towards African Energy Week (AEW) 2021, confirming his participation at Africa’s premier energy event which will take place in Cape Town on the 9th-12th of November 2021. Representing the Congo’s national oil company (NOC), Ominga will emphasize the role of NOC’s in driving both energy sector and economic success, promoting the Congo’s significant investment opportunities and accelerating the country’s position as a regional oil and gas giant. With a role to research, exploit, develop and distribute liquid and gaseous hydrocarbons in the Congo, the SNPC has been instrumental in expanding the count...