The MSGBC Basin is an alphabetical formation given to the countries in the West African sub-region in which hydrocarbon basin resides, these countries are Mauritania, Senegal, Gambia, Guinea-Bissau and Guinea-Conakry. The MSGBC Basin has of recent seen as a focal point for African oilexploration through series of major world-class discoveries in Senegal and Mauritania. To date, […]

In 2021, ExxonMobil became the first integrated energy company to announce participation in a program to certify natural gas production through a pilot at Poker Lake, New Mexico, a key area of its Permian Basin operations, using standards developed by MiQ, a nonprofit organization. Our methane emissions reduction efforts This independent certification process from MiQ […]

EBITDA for the first quarter of 2022 was USD 65.5 million, up from USD 58.8 million in the fourth quarter of 2021, following one full lifting to the Company at a price of USD 120 per barrel. There are no scheduled liftings to BW Energy in the second quarter of 2022. “We experienced high energy prices and strong […]

In an era of uncertainty, the time to start managing stranded cost risk is now by Raja Atoui, Partner, Bain & Company Middle East and Grant Dougans, Partner, Bain & Company Washington DC Energy executives evaluating capital investments in fossil-fuel infrastructure hear two very different narratives about the future. On the one hand, pricing levels and […]

Backed by over 180 million barrels of proven oil reserves and up to 5 billion barrels of estimated reserves, the Democratic Republic of Congo (DRC) is focused on leveraging both its oil and gas reserves for accelerated socioeconomic growth. In achieving these objectives, the country is looking to partner with its regional counterparts, with Equatorial […]

The Angolan government has reiterated its commitment to expanding the share of renewables in the country’s energy mix, with targets set to increase the utilization of renewable energy sources to 70% by 2025. The country’s energy mix is currently dominated by hydroelectric power (56%) but also includes energy generated from natural gas (12%). As the […]

DAKAR, Senegal, April 22, 2022/ — By Elliot Connor, Field Editor for The Republic of the Congo region, Energy Capital & Power (www.EnergyCapitalPower.com) Neighboring the 15 trillion cubic feet (tcf) Greater TortueAhmeyim’s (GTA) gas reserves, BirAllah’s own 13 tcf in natural gas lies offshore the Mauritania-Senegal border at 2,500 meters deep. Discovered via a trio of wells drilled […]

It would be fair to say that when it comes to Africa’s energy industry, Africa and Europe have been at odds for the last several years. Europe, which has valid concerns about protecting the climate and moving the world toward net-zero emissions goals, has been urging African oil- and gas-producing states not only to accelerate […]

While the energy transition is a global phenomenon, the reality is that its implementation may differ in form and timing from region to region, and from developed to developing nations. In this forum, AkinwoleOmoboriowo II, Chairman of the Board of Genesis Energy, outlines his vision for the energy transition in Africa. Fossil-fuel-based sources have long […]

The global trade in liquefied natural gas (LNG) increased 6% to 380 million tonnes during 2021 as many countries rebounded from the economic impact of the COVID-19 pandemic, according to Shell’s latest annual LNG Outlook published today. Rising LNG demand, combined with supply constraints, caused gas and LNG prices to remain volatile throughout the year. […]