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. […]

CLIMATE CHANGE has increasingly become a major concern for everyone. From Abuja to Algiers and Alaska to Antarctica, the impact of climate change on the environment is seen every day. Outdoor temperatures and sea levels are rising, water bodies are drying up, and the frequency of major weather events is increasing.  This worrisome impact of […]

The toll of the Covid-19 pandemic on upstream investments in the first two years of the downturn is estimated at a whopping $285bn, and although spending will slowly start to rise from 2022, it will not reach pre-crisis levels of $530bn in the coming period, Norwegian energy intelligence firm Rystad reported. In February 2020, before […]

The oil and gas sector in Middle East and Africa has experience drop to the value of about 32.92% in Q1 of 2021 as when compared to the last four-quarter average, according to GlobalData’s deals database. This is despite the $2.59billion investment portfolio performed by BP E&P. A total of 27 deals worth $4.81 billion […]