Africa will account for eleven of the world’s 20 fastest-growing economies in 2024, the African Development Bank Group said in its latest Macroeconomic Performance and Outlook (MEO) of the continent released on Friday. Overall, real gross domestic product (GDP) growth for the continent is expected to average 3.8% and 4.2% in 2024 and 2025, respectively. […]

By NJ Ayuk, Executive Chairman, African Energy Chamber About a year ago, before COP27 began in Egypt, Fiona Harvey and Matthew Taylor wrote in an opinion piece for The Guardian that it was time for gas exploration in Africa to stop. “Africa must embrace renewable energy, and forgo exploration of its potentially lucrative gas deposits […]

Western leaders often urge African nations to make a rapid transition from fossil fuels to renewable energy sources. They seem to think that African nations can switch to renewable power sources fairly easily, as if a good energy infrastructure was already in place. But this is not the case in Africa, where roughly half of […]

It would be an understatement to say Tanzania’s Songo Songo gas field has been good for the country and its citizens. Since 2004, the project’s output has been put to work to benefit the Tanzanian economy, its domestic energy supply, energy costs, employment numbers, and the environment. With wells and a processing plant on Songo […]

The message from this year’s Africa Oil Week and African Energy Week, held back to back in Cape Town, could not have been clearer. With energy poverty endemic and war in Ukraine driving home the importance of affordable and secure energy supply, the continent must fully develop its abundant oil and gas resources. Big Oil’s […]

The African upstream oil and gas sector is in the middle of an US$800 billion capital expenditure (capex) programme that will see liquified natural gas (LNG) emerge as a major investment theme alongside traditional deepwater oil according to Ian Thom, Upstream Research Director at Wood Mackenzie. Speaking at the African Energy Week event in Cape […]

Oil and gas opportunities valued over $50bn and projected to be developed within five years were showcased by international and indigenous companies at the 2023 Nigerian Oil and Gas Opportunity Fair (NOGOF) which ended on Friday at the conference hall of the Nigerian Content Development and Monitoring Board (NCDMB) in Yenagoa, Bayelsa State. Speaking at […]

Shell plc has published its latest scenarios: the Energy Security Scenarios. The two new scenarios explore how the world could evolve following Russia’s invasion of Ukraine. Specifically, they look into the possible energy and climate outcomes that could result from a world that has security as its dominant concern. Shell Scenarios are not predictions or expectations […]

 The Nigeria’s oil and gas industry is witnessing some kind of disquiet stemming from procurement process in the award of contract for the provision of drillship for TOTAL E&P OML 130 Drilling Campaign TENDER NO DW00001997. Mr Christopher Palmer, the Chief Executive Officer of Palmeron Nigeria, petitioned the Group Chief Executive Officer of the NNPC […]

The Venice and Gela biorefineries represent Eni’s commitment to the path towards decarbonisation. Advanced biofuels to decarbonize transport Biorefineries play a central role in Eni’s evolution because they contribute to achieving our main goal of net zero emissions by 2050. The hydrogenated biofuels (HVOs) we produce from feedstocks that do not compete directly with food and feed crops, such as waste […]