African Gas Archives - AfricaBusiness.com

22Oct

By Ogi Williams and Jacques Du PreezNo Comments

Energy

African Oil & Gas: Evolving the industry post Covid-19

By Ogi Williams and Jacques Du Preez The following paper provides excerpts from Johannesburg-based consulting firm In On Africa’s 2021 African Oil and Gas report. The post Covid-19 period has pushed Africa's oil and gas industry to adapt to a very different paradigm and one revolving around hydrocarbon divestment and increased renewable energy focus. As the pandemic and related financial fallout drove oil prices down and well beyond sustainable thresholds during 2020, projects across the continent were delayed or abandoned entirely. This has been compounded by the growing risks to financing posed by the global divestment movement, with some of the continent's largest financiers announcing a gradual draw down on hydrocarbon financing. One silver lining amid this uncertainty is the renewe...

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...

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...

Africa needs Pragmatic Free Market policies to attract capital into Gas markets

1Mar

By NJ AyukNo Comments

Energy

Africa needs Pragmatic Free Market policies to attract capital into Gas markets

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 of urgency of now especially in the era of the energy transition. The Petroleum Industry Bill (PIB) needs to be passed as it allows energy companies to turn their attention to producing energy that drives our economies. It will allow politicians to focus on other pressing matters like the African Continental Free Trade Area (AfCTA) and security issues. Africa is well-placed to become a key global supplier of LNG. Mozambique, Nigeria, Equatorial Guinea, Senegal, and ...

It’s Time to Rethink Licensing Rounds: For Africa’s Oil- and Gas-Producing Countries, Negotiating the Current Environment May Require…Negotiation

18Jan

By NJ AyukNo Comments

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 world. But even at the end of last year, during a fairly strong period for oil and gas, the publication mentioned that “delays and hiccups” were impacting licensing rounds — that is, the processes by which investors can seek oil and gas exploration licenses from the government – and argued that improvements would have to be made going forward. This is correct. Licensing process improvements were already needed in late 2019, and now that the oil and gas industry is in the su...