African Energy Chamber Archives - AfricaBusiness.com

AOG 2022 Presents A Great Opportunity To Invest In Angola’s Oil And Gas Future – Nj Ayuk

7Nov

By NJ AyukNo Comments

Angola News, Energy

AOG 2022 Presents A Great Opportunity To Invest In Angola’s Oil And Gas Future – Nj Ayuk

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 enabling business environment making it the market of choice for financiers and project developers across the entire energy value chain. As a champion of and advocate for the African energy industry, I have seen firsthand the success of Angola in becoming Africa’s largest oil producer and taking great steps to reverse its production decline, which has resulted in a plethora of new players entering the country’s oil and gas space. Angola is also actively prioritizing...

The African Energy Chamber releases its 2023 outlook on the state of African energy

27Oct

By Africa BusinessNo Comments

Energy

The African Energy Chamber releases its 2023 outlook on the state of African energy

The African Energy Chamber has released a report providing insights into the state of African energy in 2023. The report is intended to help global investors and energy companies make informed decisions about investing in Africa. The African Energy Chamber (AEC) – the voice of the African energy sector – is proud to announce the launch of its newest publication, ‘The State of African Energy: 2023 Outlook,” a detailed report analyzing current, emerging and future oil and gas market trends as well as geopolitical procedures shaping both the global and African oil and gas sector. With the global oil market suffering combined impacts from the COVID-19 pandemic and the Russian-Ukraine war, the report provides a detailed analysis of how production and monetization will look like in 2...

6Aug

By NJ AyukNo Comments

Energy, Namibia News

No need to Lament about the Oil Discovery in Namibia’s Kavango Basin. What About the Huge Benefits It Represents for Namibians? (By 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 Permian sequence. In April, ReconAfrica released exciting preliminary data from its exploratory wells that confirmed an active petroleum system. According to Petro Online, “Analysts estimate the company could generate 120 billion barrels of petroleum on just 12% of this footprint, potentially outperforming the oil-rich Permian Basin in Texas if exploration continues.” The giant onshore reserves of conventional oil and gas means that normal production...

25Jul

By Africa BusinessNo Comments

Energy, Events, South Africa News, Zimbabwe News

A Burgeoning Energy Sector: African Energy Week in Cape Town Committed to Promoting Investment in Zimbabwe

During a working visit to Zimbabwe, African Energy Chamber Executive Chairman NJ Ayuk met with H.E. President Emmerson Dambudzo Mnangagwa to discuss extensive investment opportunities across the country’s renewable, natural gas and mining sectors. Committed to driving attendance at the upcoming African Energy Week (AEW) 2021 interactive conference and exhibition taking place in Cape Town (November 9-11) – as well as promoting pan-African investment opportunities – NJ Ayuk, Executive Chairman of the African Energy Chamber, conducted a working visit to Zimbabwe to open a dialogue on the country’s promising energy sector. Meeting with H.E. Emmerson Dumbudzo Mnangagwa, President of Zimbabwe, and presenting his recently published book, ‘Billions at Play: The Future of African Energy and Doin...

15Jul

By African Energy ChamberNo Comments

Energy, Green Energy

If you Boycott Africa’s Oil & Gas Sector, Africa will Boycott you

In a move to promote development and end energy poverty by 2030, the African Energy Chamber has announced that it will encourage African countries to boycott companies that boycott African oil and gas. With the international community pushing for a rapid decrease in carbon emissions due to climate change, there has been a significant decline in foreign investment directed towards the African energy sector. The global climate crisis remains a critical point of discussion and should remain at the top of the agenda with regards to energy development, however, as the international community moves to boycott investments in the African energy sector, African people and African development stand to suffer. The role of oil in Africa’s energy and economic future is apparent, and consequently, shou...

17Jun

By Africa BusinessNo Comments

Energy, Green Energy, South Africa News

Africa Energy Week 2021, Taking Place in Cape Town; Will Focus on Investment, Oil and Gas, Renewables and Energy Transition

The African Energy Chamber is set to host the first-ever African Energy Week (AEW) in Cape Town on 9th – 12th November 2021. Replacing Africa Oil Week, the four-day interactive conference seeks to unite industry stakeholders, international speakers and movers and shakers from the African oil and gas sector. The conference comprises high-class networking events, innovative exhibitions, and one-on-one private meetings, with a golf tournament on the final day, providing a one-of-a-kind experience for stakeholders interested in the growth and success of the African energy sector. The African Energy Chamber (AEC) is excited to announce the official launch of African Energy Week (AEW) 2021, taking place in Cape Town on 9th – 12th November 2021. AEW 2021 will showcase the first-ever Afric...

25May

By NJ AyukNo Comments

Energy, Green Energy, South Africa News

Net Zero? Not for Africa. Not Yet. Africa Must Fight Energy Poverty with Oil and Gas Development

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 gases being emitted into the atmosphere would equal the amount being removed. Achieving this balance, the IEA maintains, would require more than aggressive carbon-capture measures: It would call for a swift and immediate shift from petroleum energy sources to energy provided through naturally replenished sources like wind, water, and solar power. From an environmental standpoint, this is a great concept. But we live in reality. And today, in real-world...

11May

By Africa BusinessNo Comments

Energy, Events, Main

African Energy Chamber calls for more US-Africa Energy investments with series about unjustified risk perceptions on Africa

Following President Biden's Interim National Security Strategic Guidance signalling for continued growth in partnerships with African economies, at the African Energy Chamber ("AEC"), we believe it is vital to engage U.S. companies and investors to counter the often-wrong preconceptions about investing in the continent, as Africa has some of the fastest-growing economies globally and possesses significant investment and development opportunities for U.S. firms. U.S. companies stand to play a significant role in the road to a lower-carbon future in the continent., and to continue leading some of the most important markets in the energy industry. From majors like Chevron, ExxonMobil and Kosmos Energy making significant discoveries and operating in multiple countries like Angola, Mozambique,...

13Apr

By African Energy ChamberNo Comments

Energy, Mozambique News, Senegal News, Tanzania News, Uganda News

African Energy Developments Demand Sustained Investment with new projects in Mozambique, Tanzania, Uganda, and Senegal

A recent uptick in direct investment activities in Africa’s energy sector sheds light on the role of sustained investor interest in catalyzing socio-economic growth. In the past twelve months, the African energy sector has seen several encouraging developments – in the form of both Foreign Direct Investment (FDI) and strategic partnerships – that have advanced the sustainable development of its natural resources. In fact, despite a global downturn in investment in 2020, FDI flows to developing economies accounted for 72% of global FDI, the highest share to date. Given the magnitude of Africa’s oil and gas reserves – not to mention its abundant renewable resource wealth – the continent remains a highly attractive market for inbound investment, which is vital for its growth. Take Ugan...

6Apr

By Africa BusinessNo Comments

Energy

African Energy Thriller Becomes a Wall Street Journal Best-Seller List and tops US Market

Following the widely acclaimed release of NJ Ayuk, Managing Director of Centurion Law Group and Executive Chairman of the African Energy Chamber’s second book, Billions At Play: The Future of African Energy and Making Deals, the resourceful and bold book has become #1 Amazon Best Selling eBook overall, #2 Wall Street Journal Best Selling eBook, #4 USA Today Non-Fiction Business Best Selling eBook and #10 Wall Street Journal Non-Fiction Combined best seller. Billions At Play became number one on Amazon in several categories only a few days after its initial release in 2019, making it one of Africa’s energy best-sellers. This second edition, which opens once again on a foreword by H.E. Mohamed Sanusi Barkindo, Secretary-General of the Organisation of Petroleum Exporting Countries (OPEC) and...