Africa Oil & Power Conference
Source: Africa Oil & Power Conference |

Diversified Energy Mix for A Clean Energy Transition

The African Energy Chamber and Africa Oil & Power hosted a webinar focusing on renewable energy development in the short and long term

COVID-19 has intensified the debate on the global renewable energy transition; the African Energy Chamber and Africa Oil & Power (www.AfricaOilAndPower.com) hosted a webinar focusing on renewable energy development in the short and long term; seventy-two percent of the world’s installed capacity in 2019 originated from renewable resources. The world’s…

Source: Africa Oil & Power Conference |

Angola Exploration License Extensions Could Spur Oil Sector Recovery (By Grace Goodrich, Field Editor)

Several International Oil Companies (IOC)s received extensions on existing block licenses in Angola before the COVID-19 crisis

By Grace Goodrich, Field Editor Prior to the onset of COVID-19 and OPEC-led production cuts effective May 1, Angola was set to see a rise in production. In February, the country recorded a production level of 1.39 million barrels per day (bpd), up 15,000 bpd from January. Since the middle…

Africa Oil & Power Conference
Source: Africa Oil & Power Conference |

Senegal: A West African Leader on the Rise (By Thomas Hedley, Field Editor)

Senegal has demonstrated strong ambition for economic development and rapid progress towards becoming an attractive investment destination

By Thomas Hedley, Field Editor Although they are located 1,800Km from each other, Côte d'Ivoire and Senegal vie for the place of economic leader in West Africa, with a slight advantage for the former which, thanks to its leading economic capital Abidjan, was able to attract many investors, particularly French speaking.…

Africa Oil & Power Conference
Source: Africa Oil & Power Conference |

Investment Report examines Angola Oil and Gas Projects

The available-for-download report provides the status of several investment projects in development in Angola

Africa Oil & Power launched its Africa Energy Series Special Report: Angola 2020 on Thursday; the available-for-download report provides the status of several investment projects in development in Angola, including its 2020 licensing round, construction of gas processing facilities in Soyo, and more; the publication follows the announcement of the new dates…

Africa Oil & Power Conference
Source: Africa Oil & Power Conference |

Equatorial Guinea takes bold action to aid explorers

Major U.S. upstream firms to benefit include Kosmos Energy, VAALCO Energy and more

The Ministry of Mines and Hydrocarbons will grant two-year block extensions and ease capex requirements for E&P companies amid industry downturn; major U.S. upstream firms to benefit include Kosmos Energy, VAALCO Energy and more; the measure reflects broader efforts to drive global investment into Equatorial Guinea in line with its…

Africa Oil & Power Conference
Source: Africa Oil & Power Conference |

OPEC+ slashes production, saves Oil Industry from collapse

Up to 20 million barrels of oil per day could come off the market in combined efforts

In a watershed moment for the oil and gas industry, OPEC and its allies in the OPEC+ group finalized a deal on Easter Sunday that, in conjunction with efforts from the G20 and International Energy Agency, could see up to 20 million barrels of oil per day removed from a…

Africa Oil & Power Conference
Source: Africa Oil & Power Conference |

G20 backs OPEC+, But Deal in Jeopardy as Mexico Refuses Cuts

Mexico is the lone holdout in a global deal to save the oil and gas industry; US set to see production decline

In an historic effort to power the oil and gas industry out of its worst tailspin in its 100-year history, the United States, Canada and other G20 nations are backing the OPEC+ group of countries in a broad effort to reduce global oil supply and restore stability to the oil…

Africa Oil & Power Conference
Source: Africa Oil & Power Conference |

CORRECTION: OPEC+ at Brink of Ending Oil Price War, awaits G20 Meeting for OPEC++ Deal

From July to December, overall production cuts will lower to 8 million barrels per day, followed by 6 million barrels per day from January 2021 to April 2022

In a move to save the oil industry — facing the biggest crisis in its history — OPEC and Russia have agreed on new production cuts, with the OPEC+ group agreeing to eliminate 10 million barrels of crude per day for an initial two-month period to save a glutted oil…

Africa Oil & Power Conference
Source: Africa Oil & Power Conference |

Africa Oil & Power pledges support to Energy Industry, offers Free Communications Services

Open communication between all organizations involved in African energy helps combat misinformation and promotes safety during the Covid-19 crisis

AOP (www.AfricaOilAndPower.com) is making its platform available for governments and companies within Africa’s energy sector to submit press releases and articles free of charge; open communication between all organizations involved in African energy helps combat misinformation and promotes safety during the Covid-19 crisis; any new developments regarding AOP events will…

Africa Oil & Power Conference
Source: Africa Oil & Power Conference |

Senegal Makes Energy a Priority in 2020, Launches Official National Event

Africa Oil & Power is organizing the nation’s official energy event, Senegal Oil & Power 2020, with the support of the Ministry of Petroleum and Energy

Senegal will launch key projects and encourage new momentum in 2020, representing the vision of H.E. President Macky Sall and the government to make energy a foundation for growth; Africa Oil & Power (www.AfricaOilandPower.com) is organizing the nation’s official energy event, Senegal Oil & Power 2020, with the support of…