Now more than ever is the time to invest in Angola’s energy industry and drive inclusive and sustainable economic growth on the back of oil and gas. At a time when global markets are turning to African oil and gas, Angola has emerged as a highly attractive investment destination among international players, with the country’s […]
Author Archives: NJ Ayuk
Six months ago, Canadian oil and gas company Reconnaissance Energy Africa Ltd. (“ReconAfrica”) began exploratory drilling in the deep Kavango Basin of northeast Namibia and into northwest Botswana. The company holds a total licensed area of 8.5 million acres in the area, and it hoped to find massive reserves of conventional oil in this thick […]
By NJ Ayuk, Executive Chairman, African Energy Chamber On May 18, 2021, the International Energy Agency (IEA) released “Net Zero by 2050: A Roadmap for the Global Energy Sector,” which outlines plans for the global energy sector to reach “net zero” greenhouse gas emissions by 2050. Achieving net zero emissions means the amount of greenhouse […]
By NJ Ayuk, Executive President of the African Energy Chamber. If someone were to put me on the spot and ask me to name an environmentalist group, I’d probably blurt out the first thing that comes to mind, Greenpeace. There are obvious reasons for this: Greenpeace has been around for more than 50 years, and […]
African Energy producers and the governments are facing an unprecedented economic crisis due to the Coronavirus, unemployment, recession, and energy poverty and energy transition concerns. The African Energy Chamber’s Road to Recovery: How the African energy industry can reshape itself for a post-COVID comeback offers a commonsense strategy for the public and the private sector […]
Speaking at the International Petroleum (IP) Week on February 25, 2021, I commended Nigeria for its efforts in driving gas monetization, but we have to be clear that our industry and hardworking people remain frustrated by the delays and inability to pass and sign the Petroleum Industry Bill. There needs to be that fierce sense […]
Energy, Main
It’s Time to Rethink Licensing Rounds: For Africa’s Oil- and Gas-Producing Countries, Negotiating the Current Environment May Require…Negotiation
In late 2019, as the African oil and gas industry was looking to the future with optimism, an Offshore Engineer wrote that the continent had reason to expect a “more productive 2020.” Instead, the unforeseen happened, and the COVID-19 pandemic had a devastating impact on the oil and gas industry in Africa and around the […]
I won’t sugarcoat it: The situation in Mozambique’s northern Cabo Delgado province is dire. Armed conflicts between security forces and the militant Islamic group, Ahlu Sunnah Wa-Jamo (ASWJ), known locally as “al-Shabab” even though it has no connections to the Somali group with that name, have left dozens of people dead and displaced thousands since […]
Angola News, Energy
Angolan Legal Reform Shows How Africa Can Use Oil and Gas As a Springboard Towards Job Creation— But Only if It Looks Beyond the Obvious Options
For decades, many of Africa’s oil- and gas-producing states followed a predictable pattern. They treated their oil and gas primarily as raw materials that could be sold abroad for a quick profit, rather than as a means of supporting efforts to make more lasting changes in the economy of the nation as a whole. This […]
Angola News, Cameroon News, Energy, Gabon News
African Countries Must Develop Strategic Fiscal Policies to Survive Oil and Gas Industry Changes on Horizon
The future of the global oil and gas industry has been a subject of great fascination and debate for decades. Since COVID-19 surfaced, there has been even more conjecture on this topic and, in particular, the most likely timing for “peak oil,” when crude production reaches its maximum rate before going into permanent decline. Predictions […]
Energy, Nigeria News
60 Years after Independence Nigeria’s Energy Industry Hasn’t Realised it’s Promise
By NJ Ayuk, Executive Chairman, African Energy Chamber On Oct. 1, 1960, everything seemed possible for Nigeria: After nearly 80 years of colonialism under Great Britain, it was finally an independent nation. During the newly independent nation’s earliest days, there was every reason for Nigerians to envision a bright future for themselves and their country, […]
Energy, Mozambique News
Mozambique LNG Project Could Be Transformational for Mozambique — If Western Environmentalists Don’t Interfere
By NJ Ayuk, Executive Chairman, African Energy Chamber When Anadarko Petroleum Corp. confirmed last year it would be constructing a $20 billion liquified natural gas (LNG) plant in Mozambique, this was major news. Mozambique’s first onshore LNG plant would be creating tens of thousands of jobs — and contributing to sustainable, long-term economic growth that […]
By NJ Ayuk, Executive Chairman, African Energy Chamber “Flatten the curve.” Do you remember that phrase? It was on everyone’s lips back in the spring, when the novel coronavirus (COVID-19) pandemic began rampaging across the world in earnest. At the time, the idea was that the best way to combat the germ known as SARS […]
By NJ Ayuk, CEO, Centurion Law Group Under the best economic circumstances, paying for legal services can be difficult for small businesses and startups. With the COVID-19 pandemic currently wreaking havoc on the global economy — and companies’ cash flow — there’s a good chance that businesses around the globe are putting their legal needs […]
Energy, Green Energy
African Lives Matter, Too : Energy Policy Decisions Should Consider Their Needs
As African oil and gas countries struggle with Covid-19’s devastating impact on demand, two international groups seem to be celebrating it. Earlier this month, the Organisation for Economic Co-operation and Development (OECD) and the International Energy Agency (IEA) described the low oil prices caused by the pandemic as a “golden opportunity” for governments to phase-out fossil […]
Energy
Covid-19 and the Price War: Why Now Could Be a Good Time for U.S. Independent Oil and Gas Producers to Consider Opportunities in Africa
It isn’t breaking news that the world is currently on “lock-down mode.” Around the globe, the COVID-19 pandemic has made conditions dire and triggered global economic shutdowns. For the oil and gas market, it has been an especially trying time. As our global society battles the virus, demand for oil and gas has plummeted. In […]
Africa holds around 7% of the world’s proven crude oil and natural gas reserves, yet the continent remains largely under-explored. It’s safe to say that the motherland is far from having exploited its full potential. For this potential to bear fruit and translate into economic development and jobs, several things need to happen. Good thing […]
Looking at Africa and only pushing for aid is not in the interest of the everyday Africans. It is about the egos of the elites and latte intellectuals who believe they have the solutions to why the continent is still poor. As Africa’s population and economies surge, greater opportunities for development are presented, societies change, […]
Angola News, Energy, Gabon News, Green Energy, Mozambique News, Nigeria News, Republic of the Congo, Senegal News, South Sudan, Uganda News
10 developments that will shape Africa’s energy sector in 2019
This year will be key for the advancement of new exploration and production development projects from West to East Africa After a year of rebound and recovery, Africa’s old and new hydrocarbons markets have an opportunity to further entrench the continent’s position as the world’s hottest oil and gas frontier in 2019. However, the new […]
African News, Angola News, Energy, Nigeria News
What Angola can learn from Nigeria as it creates remarkable opportunities for marginal oil production
The Nigerian experience with marginal oil field development had measurable success, with 24 licenses awarded to 31 companies, some as sole operators and others as joint-ventures With production declining and investment scarce, the Angolan leadership has put in place a number of new policies to reboot its oil industry and propel economic development. However, those […]
African News, Angola News, Energy
Is President João Lourenço’s Team Driving the Angolan Oil Rebound?
The first eleven months of 2018 saw Angola make more money from oil than in any of the previous four years, at the tune of USD$8.7 billion In December, I was accompanying OPEC Secretary General Mohammed Sanusi Barkindo and Africa Oil and Power CEO, Guillaume Doane on a working visit to Angola. This is an […]
By NJ Ayuk, CEO of Centurion Law Group and Chairman of the Africa Energy Chamber of Commerce. Throughout the years I spent as an undergraduate and law school student in the U.S., one of the things I truly admired was American ingenuity. I loved following news stories about U.S. startups that scraped together enough money […]
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