New discoveries in Angola’s Prolific Basins fuel interest in ongoing bid round
ENI announced on Tuesday 06 April, that it had made a new discovery in Angola.
ENI announced on Tuesday 06 April, that it had made a new discovery in Angola.
In the past twelve months, the African energy sector has seen several encouraging developments – in the form of both Foreign Direct Investment (FDI) and strategic partnerships – that have advanced the sustainable development of its natural resources. In fact, despite a global downturn in investment in 2020, FDI flows to developing economies accounted for 72% of global FDI, the highest share to date. Given the magnitude of Africa’s oil and gas reserves – not to mention its abundant renewable resource wealth – the continent remains a highly attractive market for inbound investment, which is vital for its growth.
Africa Oil & Power (AOP) is proud to announce that it will host its fourth flagship Cape Town event, the Africa Energy & Mining (AEM) 2022 Conference and Exhibition on 29-31 March 2022, under the theme ‘Investing in the World’s Future Energy Value Chain.’ The event represents the only hybrid mining and energy event focused on Africa – with both in-person and online attendance – and will bring together public and private sector executives for three days of networking and deal-making.
São Tomé and Príncipe and Equatorial Guinea have agreed on the establishment of a Special Zone for Joint Exploration to explore and develop cross-border oil & gas reserves believed to be in the blocks bordering each country’s maritime zone.
Eni announces that it has successfully completed the construction of the gas pipeline connecting Bir Rebaa Nord (BRN) and Menzel Ledjmet Est (MLE) fields in the Berkine Basin, in the south-eastern part of Algeria.
VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (VAALCO or the Company) today announced that the South East Etame 4P appraisal wellbore drilled from the VAALCO operated South East Etame North Tchibala (SEENT) platform offshore Gabon in the Etame Marin permit area successfully encountered oil sands in the Gamba formation.
Kosmos Energy (NYSE/LSE: KOS) announced today that the Orca-1 exploration well has made a major gas discovery offshore Mauritania in the BirAllah area. The results continue the 100 percent success rate from nine wells targeting the inboard gas trend in Mauritania/Senegal.
South Sudan is preparing to restart production in various oil fields, including Block 5A operated by Sudd Petroleum Operating Company; A new discovery in the Dar Petroleum Operating Company-operated Adar field will drive investment into the country; Juba will host the third edition of South Sudan
President of LUKOIL Vagit Alekperov and Minister of Mines and Hydrocarbons of the Republic of Equatorial Guinea Gabriel Mbaga Obiang Lima signed a Memorandum of Understanding at the Russia–Africa Summit in Sochi today.
Joint Stock Company Rosgeo and the Ministry of Mines and Hydrocarbons of the Republic of Equatorial Guinea have signed a Memorandum of Understanding during the Russia-Africa Summit in Sochi today.
In his new book, Billions at Play: The Future of African Energy and Doing Deals, leading African energy attorney, NJ Ayuk, maintains that Africans have the power to reverse the so-called “resource curse” and use their continent’s petroleum resources to fuel positive changes—but only if they addre
South Sudan’s Minister of Petroleum Awow Daniel Chuang is committed to upholding the OPEC and non-OPEC Declaration of Cooperation; In accordance with the Declaration, OPEC member states, together with non-OPEC members, agreed in 2016 to voluntary production adjustments; South Sudan is focused on
Minister Adel Ali Ibrahim will meet with his South Sudanese counterpart, Minister Awow Daniel Chuang, at South Sudan Oil & Power 2019; topics to be discussed include the resumption of Block 5A and logistics corridors between the two countries; Sudan has been a key role player in facilitating
With a second FID in just 2 years, Mozambique has officially positioned itself as a key player in the global gas and LNG market for years to come. The latest FID on the US$20 billion Mozambique LNG project, makes it the largest sanction ever in sub-Saharan Africa oil and gas.
A stable, predictable policy and regulatory framework must be created that will lead to investment and growth in South Africa’s energy sector, says the country’s Mineral Resources and Energy Minister, Gwede Mantashe.