Angolan oil Archives - AfricaBusiness.com

12Sep

By Africa BusinessNo Comments

Angola News, Energy, Events

Global Industry Experts to Unite to Empower Women to Advance in the Oil and Gas Sector

“The women empowerment era will bring a new dynamic to the Industry. Not to just by empower other women but also our communities.” Ms. Eugenia Langa, founder and CEO, Nweba, speaker Angola Energy Series 2021 The first set of speakers has been announced for the first event in the 2021 Angola Energy Series, ‘Women in Energy: Angola Advance’ bringing a pool of experience and knowledge together to help oil gas and energy organisations address how they can create and invest in a diverse, enterprise-wide talent pipeline in Angola and the across the globe. Angola Country Manager for multinational oil and gas company – TechnipFMC, who has had operations in Angola for over 20 years, Dra. Filipa Vilhena Santos, will be participating in the series for the second time, following on from her insig...

14Jan

By NJ AyukNo Comments

Main, Mozambique News

Ending Violence in Mozambique Will Require United Effort; African Energy Chamber Stands Ready to Assist

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 last fall. The violence is not new: The insurgents have been mounting brutal attacks within Cabo Delgado since 2017. Some argue that these brutal incidents are a response to poverty and feelings of marginalization among the residents of the province. Others claim ASWJ is motivated by a desire to control the region’s vast natural gas and mineral resources. Government leaders have blamed global jihadism. Any certainly, many of these factors hav...

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

10Jan

By NJ AyukNo Comments

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 pattern has had unfortunate consequences. It discouraged investment in local capacity, and it fostered the development of arrangements under which most residents of the producing states could not see how the large amounts of money earned from oil and gas exports were improving their lives. In other words, it allowed most hydrocarbon revenues to flow back to the home offices of international oil companies (IOCs) or to go to national oil companies (NOCs) that transferred funds to l...

What Angola can learn from Nigeria as it creates remarkable opportunities for marginal oil production

15Jan

By NJ AyukNo Comments

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 changes take time and renewed deep-water oil and gas exploration for fresh reserves will take years to yield the desired results and stop the daily production crunch. In the meantime, the government is targeting what it already knows exists, the country’s multiple deposits of what has been dubbed marginal oil fields, which will go on sale this year during the Angolan Marginal Field Bid Round. Marginal fields are defined by ...