Africa on the rise
The energy sector in Sub-Saharan Africa faces numerous challenges, but there is also an increasing sense of urgency and opportunity for the development of the industry on the continent.
Africa
Oil companies wonder if it’s worth looking for oil anymore
A few dots near the bottom corner of the world map in the southern Atlantic, the Falkland Islands were once at the forefront of a new era for the oil industry as companies scoured the planet for resources.
Mauritius oil spill clean up continues as liability is probed
The oil cleanup from a leaking cargo ship that ran aground off the coast of Mauritius continues while the government and insurance firms begin probing liability for the accident.
Nigeria grapples with surge in unemployment amid pandemic
The number of people looking for employment through Nigeria’s biggest recruiting website has jumped five-fold since the start of the Covid-19 pandemic, highlighting the struggle faced by many in Africa’s largest economy.
Oil and gas drilling set for ‘staggering’ 20-year low – Rystad
Oil and gas drilling is on course for a "staggering" 20-year low, according to consultancy Rystad Energy.
Covid highlights power problem in sub-Saharan Africa
The coronavirus pandemic has taken its toll on the world, with lives lost and economies shrinking.
Renewables in Africa – Insights from the legal world
Renewable energy in Africa looks set for a bright future, with increasing investment and growing incentives from states to develop green infrastructure. But what are the key legal and contractual issues that stakeholders should consider?
Congo hit by oil explorer’s bid to enforce $619 million award
A South African oil-exploration company has turned to U.S. courts in a bid to enforce a $619 million arbitration award against the Democratic Republic of Congo.
Price drop puts the squeeze on African projects
Many new projects in Africa will be delayed as a result of the oil price drop, Rystad Energy has said.
African states scramble for coronavirus response
Coronavirus has begun to spread in Africa, triggering governments to impose lockdowns and take steps to tackle the pandemic.
Exploration in 2020: Transition, what transition?
The Energy Transition and Extinction Rebellion may have led the energy news agenda and stimulated reflection in many E&P boardrooms in 2019, but the impact on exploration drilling is not yet apparent.
Woodside pulls trigger to start work on Senegal’s Sangomar
Australia’s Woodside Energy has approved the 100,000 barrel per day Sangomar project, offshore Senegal, launching agreements with suppliers and putting the field on course to begin production in 2023.
Ashurst sets out 2020 predictions for oil and gas M&A
We set out below our top predictions for the global oil and gas industry in 2020.
IEA: Gas and renewables to power Africa
The struggle to provide Africa with energy will become increasingly important, particularly in terms of balancing power with carbon emissions, a new report from the International Energy Agency (IEA) has said.
BP, Kosmos in major gas find off Mauritania
BP and Kosmos Energy have made a "major gas discovery" offshore Mauritania.
Africa’s largest oil producer fears fiscal crisis
Africa’s largest oil producer could run out of money if it doesn’t boost revenues urgently.
James Fisher Subsea Excavation sets up Nigeria base
An Aberdeenshire subsea excavation company has wrapped up its first project in Nigeria and established a base in the West African country.
Algerians march against president and political system
Algerians took to the streets in their millions for the sixth straight Friday of nationwide protests, trying to push their ailing president from power and bring down a political system seen as corrupt and out of touch.
£100m of UK funding for clean power projects in Africa
More than two million people in Africa are set to get new or improved access to clean energy with £100 million of funding from the UK, the Government has said.
Trio of explorers aim to hit East Africa gas jackpot again
A trio of oil executives who hit the jackpot with a gas find off Mozambique have long believed they can repeat that success not far from their original discovery. Now financial backing from seasoned Africa explorer Tullow Oil Plc has given them the firepower to take another shot.
Powerful Potential: Growth Opportunities in Africa’s gas Sector
The regions of North and West Africa offer two contrasting stories with regard to energy access and natural resources. The vast majority of North African nations benefit from strong energy infrastructures, with virtually 100% of populations having reliable access to electricity. Meanwhile, West Africa presents a different picture: many nations—including Nigeria, Liberia, Guinea, Burkina Faso, and Sierra Leone— currently provide reliable electricity to only 50% or less of their population.
Powerful Potential: Growth Opportunities in Africa’s gas Sector
The regions of North and West Africa offer two contrasting stories with regard to energy access and natural resources. The vast majority of North African nations benefit from strong energy infrastructures, with virtually 100% of populations having reliable access to electricity. Meanwhile, West Africa presents a different picture: many nations—including Nigeria, Liberia, Guinea, Burkina Faso, and Sierra Leone— currently provide reliable electricity to only 50% or less of their population.
Subsea 7 takes the spoils as Tullow awards contract for Ghana project
Subsea 7 has won a contract with Tullow Ghana on the Jubilee field.
Three reasons BP is focusing on Africa
Oil major BP pinpointed its reasoning behind its African investments. Speaking in New York as part of an event highlighting opportunities in Africa, Bernard Looney reinforced the firm’s commitment to the continent.
Savannah makes third discovery in a row in Niger
UK independent oil firm Savannah Petroleum is celebrating its third consecutive discovery in its maiden exploration campaign on a block in Niger.