The secretary general of the African Petroleum Producers Organisation Mahaman Laouan Gayaspoke speaks about the continent’s oil potential and why all countries with proven reserves need to join the group.
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The U.S. State Department has issued a statement urging the Libyan authorities and the militants who put a blockade on the country’s biggest oil field to resolve their differences so production could resume.
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OPEC is trying to persuade Libya and Nigeria to join cuts if the cartel agrees to reduce production, delegates told S&P Global Platts, while the OPEC and non-OPEC leaders of the deal, Saudi Arabia and Russia, are still discussing how much to cut and how to share these cuts out.
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The Southern African Power Pool (SAPP) will prioritise connecting Malawi, Tanzania and Angola to the regional electricity grid by 2021, with an additional 22 000 MW of electricity generation capacity to be added to the regional grid by 2022.
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During the week of hosting the annual South Sudan Oil & Power conference, the Government of South Sudan has strengthened its relationship with African countries through cooperation agreements and new engagement in the oil industry.
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The African Energy Chamber congratulated Angola on becoming the sixth African country to join the Gas Exporting Countries Forum (GECF), after Nigeria and Equatorial Guinea. The GECF has been at the forefront of promoting the use of natural gas as an affordable and sustainable fuel of choice for sustainable development.
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The west African Opec member has moved fast to revise offshore licencing terms as it makes more blocks available.
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Double-digit increases in annual spending on new oil and gas projects in Africa are expected over the next 12 to 15 years, according to a bullish new report from financial services group PwC.
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Nigeria will raise its crude oil production to 1.8 million bpd in 2019 from around 1.6 million bpd currently, the head of the Nigerian National Petroleum Corporation (NNPC) told Reuters on Tuesday.
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Although, there are about 645 million people without electricity in Africa, with about 90 million Nigerians affected, the Minister of Power, Works and Housing, Babatunde Fashola, has said the Federal Government is doing everything possible to reverse the trend in Nigeria.
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