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…

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 |

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 |

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 |

Algeria’s Sonelgaz and Equatorial Guinea’s Sonagas sign a Cooperation Agreement in the Gas Sector

Equatorial Guinea is currently developing its Gas Megahub project which aims to make the country a regional hub for gas distribution

The Memorandum of Understanding covers the regulatory framework for the gas sector, the transport and distribution of gas through pipelines, the supply and installation of gas meters and all other areas of the energy sector of mutual interest; the Algerian government is focused on strengthening the role of its gas…

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

Equatorial Guinea Announces $1 Billion in Projects for ‘Year of Investment 2020’

The projects were announced during a press conference at the 2nd Gas Exporting Countries Forum International Gas Seminar on Wednesday

Minister of Mines and Hydrocarbons H.E. Gabriel Mbaga Obiang Lima revealed several capital-intensive projects as part of Equatorial Guinea’s upcoming 2020 Year of Investment initiative; Notable projects open for investment include the construction of three in-country oil refineries, liquefied petroleum gas strategic tanks, a Urea plant and the expansion of a…

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

PetroSA: Owning Foreign Oil Assets Key to South Africa Energy Security

French major Total’s Brulpadda discovery has a big role to play in balancing the country’s energy model and consumption

During a national oil companies panel discussion on the final day of the Africa Oil & Power conference an exhibition, Nhlanhla Gumede, Chairman of PetroSA outlined the realities in the country’s energy sector. In particular, he highlighted that South Africa is an oil consuming country and would remain as such,…

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

Equatorial Guinea to build West Africa’s first Liquefied Natural Gas (LNG) storage and regas plant

The project forms part of Equatorial Guinea’s regional LNG2Africa initiative which seeks to drive gas monetization through in-country gas-to-power projects

Located at the Port of Akonikien, the landmark regasification plant will enable the storage, transportation and distribution of liquefied natural gas (LNG) to the country’s mainland; 12 bullet tanks will carry 14,000 cubic meters of storage capacity, supported by a truck loading station and 12-kilometers of ten-inch gas and diesel…

Source: Africa Oil & Power Conference |

Senegal’s Ambitious Gas-to-Power Agenda

Senegal aims to obtain sufficient energy sources while reaching a triple objective that includes providing reliable electricity for its citizens

Africa is leading the liquefied natural gas (LNG) global race as it will receive one-third of total global greenfield investments for LNG projects in 2019, around $103 billion. Senegal is leading the way with its giant Grand Tortue Ahmeyim (GTA) gas field, which will have economic and social benefits in…