Africa Energy Chamber Archives - AfricaBusiness.com

Op-Ed by Duggan Flanakin, director of policy research for the Committee For A Constructive Tomorrow. It was quite a shock to Africa Energy Chamber Executive Director NJ Ayuk – and an even bigger shock to the Chamber – that the London-based Hyve group decided to move the annual Africa Oil Week from Cape Town, South Africa to Dubai. It was such a shock that the AEC shortly afterward announced it was sponsoring Africa Energy Week on the same weekend (November 8-12) as the (Out of) Africa Oil Week. Mr. Ayuk works hard to ensure the interests of African companies and citizens in African energy ventures are widely recognized. He calls the dueling conferences a major confrontation between “Cancel Fossil Fuels” (Dubai) and “Protect our Oil and Gas Industry” (Cape Town). The Cancel Fossil Fue...

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 run the gamut: OPEC’s latest World Oil Outlook, for example, forecasts increasing oil demand for two more decades. But the International Energy Agency stated in its 2020 World Energy Outlook report that demand for oil probably will plateau after 2030. And the 2020 energy outlook from BP states that the world has already passed peak oil and predicts even greater drops in demand as countries comply with carbon dioxide abatement measures. While no one can p...

Tag: Africa Energy Chamber

Cape Town And Dubai Battle Over Africa’s Energy Future

African Countries Must Develop Strategic Fiscal Policies to Survive Oil and Gas Industry Changes on Horizon